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3.47 Lot Acres
Residential Lots
135 Day(s) on HAR.com

General Description

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Great investment property for a possible hotel. Located less than a mile from the Causeway entrance to the Island. Property is made up of 3 lots in total of 3.47 Acres. Lot 1: 0.54 AC, Lot 2A: 1.18 AC, and Lot 4: 1.75 AC. Denny's Restaurant sits on Lot 1 and a vacant structure sits on Lot 2A, with paved parking . Lot 4 is a vacant lot with all utilities to curb. Land will only be sold "all together" and must be sold with a "lease back" to Denny's for 5,000sf.

MLS#:
328488 (GMARTX)
Listing Price:
$ 5,500,000
$Convert
Listing Status:
For Sale
Address:
1212 Padre
State:
TX
Zip Code:
County:
Subdivision:
Miramar & Sand Piles
Property Type:
Residential Lots
Style:
Other
Lot Size:
3.47 Acres /Appraisal District



Lot Information

  Lot Size: 3.47 Lot Acres
Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy


Listing Provided By

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Listing Broker:

Api Real Estate, Llc

3019 W. Alberta Rd.
Edinburg,TX 78539



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Property Tax

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Cost/sqft based on Market Value
Tax Year Cost/sqft Market Value Change Tax Assessment Change
2021 $-- $1,598,772 0.00% $1,598,772 0.00%
2020 $-- $1,598,772 1.53% $1,598,772 1.53%
2019 $-- $1,574,610 0.00% $1,574,610 0.00%
2018 $-- $1,574,610 $1,574,610
2021 Cameron County Appraisal District Tax Value
Market Land Value: $1,598,772
Market Improvement Value: $0
Total Market Value: $1,598,772
cameron County Appraisal District
2021 Tax Rates
POINT ISABEL ISD: 1.0090 %
SOUTH TEXAS ISD: 0.0492 %
TOWN OF S PADRE ISLAND: 0.3137 %
CAMERON COUNTY: 0.4369 %
LAGUNA MADRE WATER DISTRICT: 0.0382 %
TX SOUTHMOST COLLEGE DIST: 0.1546 %
Total Tax Rate: 2.0017 %

Estimated Mortgage/Tax

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$23,673 Monthly
Estimated Monthly Principal & Interest (Based on the calculation below) $ 21,006
Estimated Monthly Property Tax (Based on Tax Assessment 2021) $ 2,667
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Use this mortgage calculator to create and estimate your monthly mortgage payment(principal and interest) and estimates for property taxes(based on past rates).

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Schools (provided by Listing Agent)
Derry Elementary School
Port Isabel Junior High Middle School
Port Isabel H.S. High School

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1212 Padre South Padre Island TX 78597 is listed for sale for $5,500,000. It is a 3.47 Acre(s) Lot, in Miramar & Sand Piles.

View all homes on Padre

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