NOT LISTED FOR SALE

5809 Padre Blvd South Padre Island, TX 78597

Estimated Value: $1,725,164 - $2,016,000

0.49 Acre
$3,778,524 Price per Acre
21,336 Sq Ft Lot

Last Sold January 03, 2020

Current estimated payment $11,580/month

381 Days on Market

About This Lot

As of January 2020

Commercial lot with 6 Covered Boat slips with lifts & utilities! Area is nicely landscaped and renters are offered fish cleaning station and gas/tackle cart in addition to trailer parking and 2 parking spaces per boat. There is enough room on this lot to build a 6-plex with 3BD/3.5BA units and swimming pool! Tenants are required to pay $4,000 up front - makes for great up-front income of 6 slips x $4,000 = $24,000 per year less $800 for SPIPD’s boat. 75' Padre Boulevard frontage & 78' channel frontage. So many possibilities for this property: townhouses, single family residence, office building, etc.

Last Agent to Sell the Property

Troy Giles

Troy Giles Realty & Management Listed on: 08/14/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,249

Lot Details

  • 0.49

Schools

  • Port Isabel Elementary School
  • Port Isabel Junior High
  • Port Isabel High School

Additional Features

  • 0.49 Acre Lot
  • Private Water Source

Community Details

  • No Home Owners Association
  • Fiesta Isles Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$10,249

Lot Details

0

Listing Details

  • Directions: Traveling North on Padre Blvd. from the causeway, past the last stop light Morningside, property lies just north of Parrot Eyes Restaurant on the west side of Padre Blvd.
  • Property Sub Type: Commercial
  • Prop. Type: Land
  • Lot Size Acres: 0.4898
  • Road Surface Type: Paved Road, Paved
  • Subdivision Name: Fiesta Isles
  • GMAR_GeocodeConfidence: Unknown
  • GMAR_LicensedSupervisor: Troy Giles
  • Non-Allowables: No
  • Special Features: None

Interior Features

  • Possible Use: Commercial

Exterior Features

  • Fencing: None
  • Lot Features: Other
  • Home Warranty: No

Utilities

  • Utilities: Electricity Connected
  • Electricity On Property: Yes
  • Water Source: Private, Public, Other
  • Water Comments: Laguna Madre Water District

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Schools

  • Elementary School: Port Isabel
  • High School: Port Isabel H.S.
  • Junior High Dist: Port Isabel ISD
  • Middle Or Junior School: Port Isabel Junior High

Lot Info

  • Zoning: B
  • Current Use: Commercial
  • Lot Size Sq Ft: 21333.9456
  • Parcel #: n/a
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Leased Rent Share: 0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 10249

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2018
Closed on
Dec 23, 2019
Sold by
Troy Giles Realty Inc
Bought by
Tavarez Roman Erik
Seller's Agent
Troy Giles
Troy Giles Realty & Management
Buyer's Agent
Troy Giles
Troy Giles Realty & Management
List Price
$485,000
Current Estimated Value
$1,850,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.50%
Original Mortgage
$1,024,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2006
Sold by
Dalor Lp
Bought by
Troy Giles Realty Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tavarez Roman Erik -- Sierra Title
Troy Giles Realty Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tavarez Roman Erik $1,024,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/03/2020 01/03/20 Sold -- -- --
08/29/2019 08/29/19 Pending -- -- --
08/13/2018 08/13/18 For Sale $485,000 -- --
Source: Greater McAllen Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $22,720 $1,391,470 $617,867 $773,603
2024 $22,720 $1,391,470 $617,867 $773,603
2023 $23,984 $1,398,965 $617,867 $781,098
2022 $20,647 $1,089,643 $617,867 $471,776
2021 $17,866 $888,336 $462,123 $426,213
2020 $9,381 $463,296 $462,123 $1,173
2019 $10,647 $515,614 $514,441 $1,173
2018 $10,330 $500,614 $499,441 $1,173
2017 $10,250 $500,614 $499,441 $1,173
2016 $10,250 $500,614 $499,441 $1,173
2015 $9,993 $500,614 $499,441 $1,173
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Troy Giles

    Troy Giles Realty & Management

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Map

Source: Greater McAllen Association of REALTORS®

MLS Number: 302619

Greater McAllen Association of REALTORS®

APN: 671600-1960-003000

Texas Cameron County South Padre Island 78597

5809 Padre Blvd, South Padre Island, TX

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