Skip main navigation
Under contract
    • $1,895,000

    488 Margo Ln, Port Aransas, TX 78373

    5beds
    3,366sqft
    : 
    Loading
    Get pre-qualified
    Single Family Residence
    Built in 1998
    0.41 Acres Lot
    $1,756,000 Zestimate®
    $563/sqft
    $42/mo HOA

    What's special

    Cozy fireplaceWrap around balconyHuge lotUpdated dock spaceTwo living spacesInverted floor planSpacious master suite
    OPEN CANAL VIEWS! HUGE LOT! TWO LIVING SPACES! LARGE SQUARE FOOTAGE!! Welcome to 488 Margo Lane! Located in the coveted canal neighborhood of Island Moorings, this ICONIC 5-bedroom 4 bath home offers SO MANY unique and desired qualities!! Starting upstairs, the inverted floor plan hosting an open kitchen/living/dining space with cozy fireplace lives beautifully. Outside, the complete wrap around balcony extends the living space and offers stunning OPEN CANAL VIEWS!! Upstairs is complete with a spacious master suite, king guest bedroom, flexible study/bedroom, full bath and designated laundry room. Downstairs offers 2 guest bedrooms with king beds and en-suite bathrooms. A second family room entertains beautifully. Imagine grilling diner in the backyard and enjoying a family meal while taking in the great views! The updated dock space offers 2 boat slips with lifts. Unique to Port Aransas real estate, this property sits on a HUGE LOT! Extending down Bayside and fronting Margo Lane, there is plenty of room to add a pool, guest house or both! Offering a 3 car drive through garage, ample parking and plenty of storage this home would make a lovely primary residence or fabulous second home. Make your island dreams come true at 488 Margo Lane!
    251 days
    |
    20
    |
    1
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan Richter 361-815-6784,

    Tarpon Realty

    Source: South Texas MLS,MLS#: 467366MLS LogoOriginating MLS: Corpus Christi

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Electric Cooktop, Refrigerator, Dryer, Washer
      Features
      • Open Floorplan, Breakfast Bar
      • Flooring: Tile
      • Has fireplace: Yes
      • Fireplace features: Wood Burning
      Interior area
      • Total structure area: 3,366
      • Total interior livable area: 3,366 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 6
      • Parking features: Concrete, Front Entry, Garage, Rear/Side/Off Street
      • Garage spaces: 3
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Deck, Patio
      • Exterior features: Boat Lift, Deck, Dock, Dog Run, Sprinkler/Irrigation
      • Pool features: None
      • Fencing: Wood
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Channel, Boat Ramp/Lift Access, Canal Access
      Lot
      • Size: 0.41 Acres
      • Features: Corner Lot, Landscaped
      Details
      • Parcel number: 547400010060

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • HardiPlank Type
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Year built: 1998

      Utilities & green energy

      • Utilities for property: Municipal Utilities

      Community & HOA

      Community
      • Subdivision: Mustang Beach
      HOA
      • Has HOA: Yes
      • Amenities included: Other
      • Services included: Other
      • HOA fee: $500 annually
      Location
      • Region: Port Aransas

      Financial & listing details

      • Price per square foot: $563/sqft
      • Tax assessed value: $1,566,798
      • Annual tax amount: $20,679
      • Date on market: 11/5/2025
      • Cumulative days on market: 251 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional

        Estimated market value

        $1,756,000

        $1.67M - $1.84M

        $7,399/mo

        Price history

        DateEventPrice
        3/17/2026Contingent$1,895,000$563/sqft
        Source: South Texas MLS #467366 Report a problem
        11/5/2025Listed for sale$1,895,000-5%$563/sqft
        Source: South Texas MLS #467366 Report a problem
        9/24/2025Listing removed$1,995,000$593/sqft
        Source: South Texas MLS #460190 Report a problem
        6/6/2025Listed for sale$1,995,000+17.7%$593/sqft
        Source: South Texas MLS #460190 Report a problem
        11/10/2019Listing removed$1,695,000$504/sqft
        Source: Keith Donley Real Estate #336030 Report a problem
        10/18/2018Listed for sale$1,695,000$504/sqft
        Source: Keith Donley Real Estate #336030 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$20,679 -8.5%$1,566,798 -10.9%
        2024$22,599 -11.7%$1,757,763 -13.2%
        2023$25,603 +18.7%$2,026,001 +45.2%
        2022$21,560 +40.2%$1,395,000 +45.4%
        2021$15,378 +11.4%$959,167 +17.8%
        2020$13,804 -13.7%$814,230 -10.4%
        2019$16,004 $908,380 +3.5%
        2018$16,004 +5.6%$877,283 -1.9%
        2017$15,150 +6.7%$893,966 +7.7%
        2016$14,197 $830,138 +5.7%
        2015$14,197 $785,276 +4.9%
        2014$14,197 $748,286 +23.2%
        2012-- $607,603 +2.6%
        2011-- $592,350
        2010-- $592,350 -15.7%
        2009-- $703,052 -18.9%
        2008-- $866,921 -0.8%
        2007-- $873,955 +16.7%
        2006$18,775 +48.4%$748,906 +43.8%
        2005$12,652 $520,697 +4.1%
        2004-- $500,286 +16.3%
        2003-- $430,328 +0.8%
        2002-- $427,049 +7.6%
        2001-- $396,979 +30.9%
        2000-- $303,191
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 78373

        Getting around

        1 / 100
        Car-Dependent
        30 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Olsen
        • Middle: Brundrett
        • High: Port Aransas
        • District: Port Aransas ISD

        Source: South Texas MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes

            Nearby cities

            Nearby zip codes

            Other Port Aransas Topics

              Search
              Updates
              Favorites
              Plan
              Inbox