CALLING ALL INVESTORS! This property offers a high cap rate and far exceeds the 1% rule. CASH ONLY. The condo is currently rented at $1,200 per month, generating immediate cash flow, and tenants will remain with the sale. Located in Mandeville, this affordable 2-bedroom, 1.5-bath condo features a new roof installed after Hurricane Ida and an HVAC system replaced in 2020. Just 1 minute to the Causeway and 5 minutes to I-12, with access to Mandeville schools. Enjoy a wood-burning fireplace, bar-top seating in a cozy kitchen, a half bath on the main floor, and two bedrooms with a shared bathroom upstairs. The unit has all ceramic tile flooring throughout the first floor. Nearby amenities include Tammany Trace, Mandeville Trailhead, Sunset Point, and the lakefront—all a short bike ride away. The condo also offers a fenced-in patio and assigned parking. Condo fees cover water, garbage, exterior property insurance, common area maintenance, flood insurance, and termite coverage. Don’t miss this great investment opportunity! Free 1yr interest rate buydown and no lender refinance fees for qualified buyers when using Envoy Mortgage.
Closed
Price Unknown
181 Sandra Del Mar Dr #181, Mandeville, LA 70448
2beds
1,150sqft
Condominium
Built in 2000
-- sqft lot
$86,300 Zestimate®
$--/sqft
$1,474 Estimated rent
Home value
$86,300
$79,000 - $94,000
$1,474/mo
Zestimate® history
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List your homeWhat's special
Assigned parkingFenced-in patioCeramic tile flooringNew roofWood-burning fireplace
Zillow last checked:
Listing updated:
Listed by:
Gregg Tepper 985-789-8717,
Keller Williams Realty Services,
Brandon Duracher 985-273-7511,
Keller Williams Realty Services
Bought with:
Rhonda De La Cerda
Engel & Volkers Slidell - Mandeville
Source: GSREIN,MLS#: 2507447
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Description: Flooring: Carpet
- Level: Second
- Dimensions: 13.07 x 12
Bedroom
- Description: Flooring: Carpet
- Level: Second
- Dimensions: 11.10 x 10.11
Primary bathroom
- Description: Flooring: Tile
- Level: Second
- Dimensions: 7.05 x 10.2
Dining room
- Description: Flooring: Tile
- Level: First
- Dimensions: 8 x 11
Kitchen
- Description: Flooring: Tile
- Level: First
- Dimensions: 8 x 8
Laundry
- Description: Flooring: Tile
- Level: First
- Dimensions: 3 x 10.5
Living room
- Description: Flooring: Tile
- Level: First
- Dimensions: 14 x 13.8
Heating
- Central
Cooling
- Central Air, 1 Unit
Appliances
- Included: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup
Features
- Ceiling Fan(s), Stainless Steel Appliances, Cable TV
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,150
- Total interior livable area: 1,150 sqft
Property
Parking
- Parking features: Assigned, Parking Available, Parking Lot, One Space
Features
- Levels: Two
- Stories: 2
- Patio & porch: Concrete
- Exterior features: Fence
- Pool features: None
Lot
- Features: City Lot
Details
- Parcel number: 56867
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Condominium
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Very Good Condition
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Insulation, Lighting, Windows
Community & HOA
Community
- Features: Common Grounds/Area
- Security: None, Smoke Detector(s)
- Subdivision: Mariners Village
HOA
- Has HOA: No
- Services included: Common Areas, Water
- HOA fee: $300 monthly
Location
- Region: Mandeville
Financial & listing details
- Date on market: 6/17/2025
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2025 | Sold | -- |
Source:  GSREIN #2507447 Report a problem | ||
| 10/1/2025 | Contingent | $89,000$77/sqft |
Source: GSREIN #2507447 Report a problem | ||
| 9/12/2025 | Price change | $89,000-6.3%$77/sqft |
Source: GSREIN #2507447 Report a problem | ||
| 8/15/2025 | Price change | $95,000-4%$83/sqft |
Source: GSREIN #2507447 Report a problem | ||
| 7/15/2025 | Price change | $99,000-9.2%$86/sqft |
Source: GSREIN #2507447 Report a problem | ||
| 6/17/2025 | Listed for sale | $109,000+36.3%$95/sqft |
Source: GSREIN #2507447 Report a problem | ||
| 3/18/2025 | Listing removed | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/16/2025 | Listed for rent | $1,250+4.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/7/2025 | Listing removed | $1,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/1/2025 | Listed for rent | $1,200+9.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/6/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/22/2022 | Listed for rent | $1,100$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/2/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 7/22/2022 | Listed for rent | $1,100+15.8%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/7/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/30/2021 | Listed for rent | $950$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/3/2020 | Sold | -- |
Source: GSREIN #2250360 Report a problem | ||
| 5/1/2020 | Pending sale | $80,000$70/sqft |
Source: Team Geaux Realty #2250360 Report a problem | ||
| 4/26/2020 | Listed for sale | $80,000$70/sqft |
Source: Team Geaux Realty #2250360 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 70448
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Nearby schools
GreatSchools rating
- 10/10Mandeville Elementary SchoolGrades: PK-3Distance: 0.4 mi
- 10/10Mandeville Junior High SchoolGrades: 7-8Distance: 0.8 mi
- 9/10Mandeville High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$86,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$86,300
- Louisiana
- Saint Tammany Parish
- Mandeville
- 70448
- 181 Sandra Del Mar Dr Unit 181
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