Affordable 2-Bedroom, 2-Bath Condo in Mercedes, TX! Welcome to 1201 Rio Rico Rd, Unit 201, a second-floor condo offering approximately 1,125 sq. ft. of comfortable living space. This 2-bedroom, 2-bath home features laminate flooring in the living room and bedrooms, providing a clean and practical finish throughout the main living areas. The spacious layout offers a great opportunity for a first-time homebuyer, someone looking to downsize, or an investor seeking an affordable property in the Rio Grande Valley. Conveniently located in Mercedes with easy access to shopping, dining, schools, major roadways, and surrounding RGV communities. Priced to sell! This condo offers an excellent opportunity to own real estate at an attractive price point. Schedule your showing today
For sale
$79,900
1201 Rio Rico Rd #201, Mercedes, TX 78570
2beds
1,125sqft
Condominium, Residential
Built in 1978
-- sqft lot
$-- Zestimate®
$71/sqft
$125/mo HOA
What's special
Spacious layout
- 40 days
- 108
- 8
Zillow last checked:
Listing updated:
Listed by:
Juan C. Carpio 956-212-2805,
Keller Williams Realty Rgv
Source: Greater McAllen AOR,MLS#: 513570
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Dining room
- Description: Living Area(s): 1
Living room
- Description: Living Area(s): 1
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater, Electric Cooktop, Refrigerator
- Laundry: Laundry Closet, Washer/Dryer Connection
Features
- Laminate Counters, Built-in Features, Ceiling Fan(s), High Ceilings, Split Bedrooms
- Flooring: Laminate
- Windows: No Window Coverings
Interior area
- Total structure area: 1,125
- Total interior livable area: 1,125 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Carport spaces: 2
Features
- Exterior features: Balcony, Mature Trees
- Fencing: Partial,Wood
Lot
- Size: 3,972 Square Feet
- Features: Mature Trees
Details
- Parcel number: R31200100A020100
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Residential
Materials
- Brick, Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Thermostat
Community & HOA
Community
- Subdivision: Rio Rico Condos #1
HOA
- Has HOA: Yes
- HOA fee: $125 monthly
- HOA name: Rio Rico Condo Association
Location
- Region: Mercedes
Financial & listing details
- Price per square foot: $71/sqft
- Tax assessed value: $80,746
- Annual tax amount: $1,928
- Date on market: 8/27/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Listed for sale | $79,900$71/sqft |
Source: Greater McAllen AOR #513570 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,165 +10% | $69,327 +10% |
| 2024 | $1,059 +3.9% | $63,025 +3% |
| 2023 | $1,019 -10.9% | $61,166 +10% |
| 2022 | $1,143 -5% | $55,605 +10% |
| 2021 | $1,203 | $50,550 |
| 2020 | -- | $50,550 |
| 2019 | $1,159 -2.5% | $50,550 |
| 2018 | $1,189 | $50,550 |
| 2017 | $1,189 -0.4% | $50,550 |
| 2016 | $1,194 -2.8% | $50,550 +7.8% |
| 2015 | $1,228 | $46,888 |
| 2014 | $1,228 | $46,888 |
| 2013 | -- | $46,888 |
| 2012 | -- | $46,888 |
| 2011 | -- | $46,888 |
| 2010 | -- | $46,888 |
| 2009 | -- | $46,888 +8.7% |
| 2008 | -- | $43,151 +10% |
| 2007 | -- | $39,228 -2.2% |
| 2006 | -- | $40,116 |
| 2005 | -- | $40,116 |
| 2004 | -- | $40,116 -1.7% |
| 2003 | -- | $40,791 +41.5% |
| 2002 | -- | $28,821 |
| 2001 | -- | $28,821 |
| 2000 | -- | $28,821 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 78570
Nearby schools
Schools provided by the listing agent
- Elementary: Hinojosa
- Middle: Sgt. Manuel Chacon
- High: Mercedes H.S.
- District: Mercedes ISD
Source: Greater McAllen AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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