5550 Gulf Blvd Unit 501 South Padre Island, TX 78597
Estimated payment $1,724/month
Highlights
- Property fronts gulf or ocean
- Furnished
- Community Barbecue Grill
- Outdoor Pool
- Balcony
- Tile Flooring
About This Home
Excellent vacation rental and best value for your money at the prestigious Florence. Just steps away from The Gulf of Mexico with the proximity to the water being one of the closest of all complexes on the island. Amenities include pool, hot tub, covered parking, laundry facilities, BBQ area, walkway to beach, elevator. Owner can manage their unit. Pets allowed. Renting the unit is not required. These condos are very popular and stay rented. Don't miss out!
Listing Agent
Palm Breeze Real Estate LLC Brokerage Email: 9564335333, Info@PalmBreezeRealEstate.com License #0736483 Listed on: 11/12/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,356
Year Built
- Built in 1986
Lot Details
- Property fronts gulf or ocean
HOA Fees
- $251 Monthly HOA Fees
Parking
- Covered Parking
Home Design
- Concrete Perimeter Foundation
Interior Spaces
- 1 Full Bathroom
- 368 Sq Ft Home
- Furnished
- Tile Flooring
- Gulf Views
Kitchen
- Stove
- Microwave
- Dishwasher
Outdoor Features
- Outdoor Pool
- Balcony
Utilities
- Central Air
- Heating Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 1 / 178
- Assessor Parcel Number 109223
Community Details
Overview
- Association fees include cable TV, maintenance structure, ground maintenance, sewer, trash, water
- 47 Units
- Florence I Community
- Fiesta Isles Subdivision
- 7-Story Property
Amenities
- Community Barbecue Grill
- Laundry Facilities
Recreation
- Community Spa
Pet Policy
- Pet Restriction: Pet Policy: Pets Allowed w/Restrictions, Owners Only
Building Details
- Insurance Expense $878
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,483 | $213,322 | $23,109 | $190,213 |
| 2024 | $3,483 | $213,322 | $23,109 | $190,213 |
| 2023 | $3,657 | $213,322 | $23,109 | $190,213 |
| 2022 | $2,124 | $112,078 | $22,414 | $89,664 |
| 2021 | $2,242 | $111,469 | $21,805 | $89,664 |
| 2020 | $2,257 | $111,469 | $21,805 | $89,664 |
| 2019 | $2,300 | $111,383 | $21,719 | $89,664 |
| 2018 | $1,644 | $79,687 | $21,719 | $57,968 |
| 2017 | $1,643 | $80,243 | $21,719 | $58,524 |
| 2016 | $1,666 | $81,352 | $21,719 | $59,633 |
| 2015 | $1,646 | $81,906 | $21,719 | $60,187 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | For Sale | $224,900 | 0.0% | $611 / Sq Ft |
| 07/22/2025 07/22/25 | Pending | -- | -- | -- |
| 06/17/2025 06/17/25 | Price Changed | $224,900 | -1.7% | $611 / Sq Ft |
| 06/07/2025 06/07/25 | Price Changed | $228,900 | -0.2% | $622 / Sq Ft |
| 05/29/2025 05/29/25 | Price Changed | $229,300 | -0.1% | $623 / Sq Ft |
| 05/27/2025 05/27/25 | Price Changed | $229,500 | 0.0% | $624 / Sq Ft |
| 05/22/2025 05/22/25 | Price Changed | $229,600 | 0.0% | $624 / Sq Ft |
| 05/21/2025 05/21/25 | Price Changed | $229,700 | 0.0% | $624 / Sq Ft |
| 05/20/2025 05/20/25 | Price Changed | $229,800 | 0.0% | $624 / Sq Ft |
| 05/06/2025 05/06/25 | Price Changed | $229,900 | -2.1% | $625 / Sq Ft |
| 04/15/2025 04/15/25 | Price Changed | $234,900 | 0.0% | $638 / Sq Ft |
| 04/15/2025 04/15/25 | For Sale | $234,900 | -5.8% | $638 / Sq Ft |
| 04/13/2025 04/13/25 | Off Market | -- | -- | -- |
| 03/26/2025 03/26/25 | Price Changed | $249,400 | 0.0% | $678 / Sq Ft |
| 03/25/2025 03/25/25 | Price Changed | $249,500 | -0.1% | $678 / Sq Ft |
| 03/23/2025 03/23/25 | Price Changed | $249,700 | 0.0% | $679 / Sq Ft |
| 03/20/2025 03/20/25 | Price Changed | $249,800 | 0.0% | $679 / Sq Ft |
| 11/12/2024 11/12/24 | For Sale | $249,900 | -- | $679 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Vendors Lien | -- | None Available | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $85,600 | Purchase Money Mortgage | |
| Previous Owner | $199,600 | No Value Available |
Source: South Padre Island Board of REALTORS®
MLS Number: 102960
APN: 671800-0501-070000
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