USATXPort AransasMustang Island2016 S 11Th St

2022 - 2016 S 11 Th St, Home with 0 bedrooms, 0 bathrooms and null parking in Port Aransas TX | Image 1

$2,075,000

2022 - 2016 S 11 Th St, Port Aransas, TX

Real Estate

For Sale

$--,---,---

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Key Facts
Description
Map

Key Facts

Type Unimproved Land

Levels Commercial Sale

Size 4291 sqft

Garage Yes

Maintenance Fees

Taxes

Days Active 60

Approx. Age 1998

Avg. Price Per Sqft $483

MLS® Number 459611

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Rare beach-side find! $143k existing annual income with TWO beautiful homes, TWO pools & FOUR additional potential lots on nearly ONE acre of land. This income-producing, high-potential property sits right on S. 11th Street near Anchor Dr on 0.91 acres of land. The setup includes two adjacent 0.455-acre tracts (each 19, 869 SF) each with its own beautifully update, top-performing short term rental home PLUS engineered plans & space to add 4 more residential condo lots. 2016 S 11th, aka 'Palm House' is a 4 bdrm, 3 bath beauty. This fully furnished 3-story home features an AC game room, private pool & Gulf peeks from the top deck & 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 dividing, 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!Show Description

MLS® Number459611

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageYes

Approx. Age1998

Stories3

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatCentral, Electric

A/CDuctless, Central Air

Heating Fuel

Extras

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