1. Texas
  2. Port Aransas
  3. 2016-2022 S 11th St
$2,075,000

2016-2022 S 11th St, Port Aransas, TX 78373

  • 4,291 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1998
  • Property Lot Size Icon0.91acre lot
  • Property Parking Icon 16 car garage
  • Property Price Per Square Feet Icon $484/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Rare find on the beach side of Port A: 2 existing homes on nearly a full acre (0.9123 acres total) with land & engineered plans for 4 additional lots Boasting $143k annual gross income, this income-producing, high-potential property sits right on S. 11th Street near Anchor Dr. The unique setup includes two adjacent 0.455-acre tracts (each 19,869 SF), each with its own fully updated, top-performing short term rental home PLUS engineered plans & space to add 4 more residential condo lots on the total tract. 2016 S 11th, aka 'Palm House' is a 4 bdrm, 3 bath beautifully updated & furnished 3-story home. It features an AC game room, private pool & Gulf peeks from the top deck. It brought in $83,132 in rental income in 2024. Right next door, 2022 S 11th aka 'Agave House' is an equally cute & updated 3 bdrm, 2 bath home with its own pool & easy potential to become a 4 bdrm. It grossed $60,286 in 2024. That’s over $143K in built-in income already flowing. And it gets better: sellers have fully engineered plans to replat the land into SIX total condo lots—two at 7308 SF, two at 7272 SF (with existing homes) & two at 5288 SF. The replat is straightforward, expected to cost under $600 & wrap up in about 60 days - ready for a buyer to submit. No HOA means flexibility for building, holding or flipping plus BUILT IN income so you can develop on your own timeline. Zoned TR-1 for short-term rentals to keep the cash flow coming. Ask about floor plans for new 6-bdrm homes designed to maximize rental income on the 4 new lots. Whether you're looking to expand a rental portfolio, develop & sell off lots, or create a mini compound, this one's loaded with potential. Golf cart a couple blocks to the beach or nearby shopping & dining. Opportunities like this are almost never available—seriously, don’t miss THIS boat!

Listing Status:
Active
Listing Office:
Mark Grosse Real Estate LLC : (361) 749-6603
Listing Agent:
Tara Hogan : (806) 729-1778
MLS ID:
459611
  • A/C: DuctlessCentral Air
  • Heating: CentralElectric

This listing courtesy of Tara Hogan, Mark Grosse Real Estate LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Olsen Elementary School

100 Sta St, Port Aransas, TX, 78373

Grades PK-5

1.26 miles away

B

Brundrett Middle School

100 S Station St, Port Aransas, TX, 78373

Grades 6-8

1.20 miles away

P

Port Aransas High School

100 S Station St, Port Aransas, TX, 78373

Grades 9-12

1.34 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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