Welcome to this fantastic and rare investment opportunity! This unique property offers endless possibilities for lucrative investment ventures. Its prime location, double-sized corner lot in one of the best locations on Padre Blvd, offers more than 11,000 sq ft. This ample space opens unparalleled potential for expansion or repurposing. The existing building is concrete block construction, strategically elevated above Padre Blvd, houses 6 nicely-sized one bedroom / one bathroom fully rented apartments that boast modern amenities, many recent upgrades and a strong rental track record. The commercial zoning and generous lot size open doors for various development options, whether it's adding more rental units or exploring alternative commercial ventures. Seize this exceptional opportunity to make a mark in the thriving South Padre Island real estate market.
For sale
$1,880,000
5712 Padre Blvd, South Padre Island, TX 78597
6beds
3,886sqft
Multi Family
Built in 1981
-- sqft lot
$-- Zestimate®
$484/sqft
$-- HOA
What's special
Modern amenitiesGenerous lot sizeMany recent upgradesDouble-sized corner lot
- 192 days |
- 67 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Tony Altermatt 956-617-1940,
Palm Breeze Real Estate LLC
Source: SPIBOR,MLS#: 104872
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Cooktop, Stove, Washer/Dryer
- Laundry: Washer/Dryer Hook-up
Features
- Cabinets-Manufactured, Ceiling Fan(s)
- Flooring: Tile
Interior area
- Total structure area: 3,886
- Total interior livable area: 3,886 sqft
Video & virtual tour
Property
Parking
- Parking features: Asphalt
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Waterfront features: Gulf Interior
- Frontage type: Padre Blvd Frontage
Lot
- Size: 0.26 Acres
- Features: Less than 1 Acre
Details
- Parcel number: 6716001900017000
- Zoning: C
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Stucco
- Foundation: Combination
- Roof: Flat
Condition
- Year built: 1981
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: Fiesta Isles
Location
- Region: South Padre Island
Financial & listing details
- Price per square foot: $484/sqft
- Tax assessed value: $446,488
- Annual tax amount: $6,546
- Date on market: 2/13/2026
- Listing terms: Bank Loan,Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$5,962/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Listed for sale | $1,880,000$484/sqft |
Source: SPIBOR #104872 Report a problem | ||
| 2/12/2026 | Listing removed | $1,880,000$484/sqft |
Source: SPIBOR #103409 Report a problem | ||
| 3/4/2025 | Listed for sale | $1,880,000+70.9%$484/sqft |
Source: SPIBOR #103409 Report a problem | ||
| 4/2/2019 | Listing removed | $775 |
Source: Owner Report a problem | ||
| 3/1/2019 | Listing removed | $1,100,000$283/sqft |
Source: Owner Report a problem | ||
| 3/1/2019 | Listed for rent | $775-2.5% |
Source: Zillow Rental Manager Report a problem | ||
| 12/17/2018 | Price change | $1,100,000+18.9%$283/sqft |
Source: Owner Report a problem | ||
| 10/22/2018 | Listed for sale | $925,000+27.6%$238/sqft |
Source: Owner Report a problem | ||
| 9/29/2018 | Listing removed | $795 |
Source: Zillow Rental Manager Report a problem | ||
| 9/12/2018 | Listed for rent | $795+1.3% |
Source: Zillow Rental Manager Report a problem | ||
| 6/2/2018 | Listing removed | $785 |
Source: Owner Report a problem | ||
| 5/9/2018 | Listed for rent | $785+2.6% |
Source: Owner Report a problem | ||
| 5/9/2018 | Listing removed | $725,000$187/sqft |
Source: Owner Report a problem | ||
| 4/18/2018 | Listed for sale | $725,000$187/sqft |
Source: Owner Report a problem | ||
| 3/31/2018 | Listing removed | $765 |
Source: Owner Report a problem | ||
| 3/6/2018 | Price change | $765-3.8% |
Source: Owner Report a problem | ||
| 3/4/2018 | Listed for rent | $795+1.3% |
Source: Zillow Rental Manager Report a problem | ||
| 9/19/2017 | Listing removed | $785 |
Source: AFFORDABLE BEACH HOUSE VACATION RENTALS SPI INC Report a problem | ||
| 9/6/2017 | Price change | $785+2.6% |
Source: Zillow Rental Manager Report a problem | ||
| 7/9/2017 | Listed for rent | $765 |
Source: AFFORDABLE BEACH HOUSE VACATION RENTALS SPI INC Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,593 +4.2% | $446,488 |
| 2024 | $7,290 -0.4% | $446,488 |
| 2023 | $7,318 -13.5% | $446,488 |
| 2022 | $8,460 | $446,488 +20.6% |
| 2021 | -- | $370,274 |
| 2020 | -- | $370,274 |
| 2019 | $7,646 +1.4% | $370,274 +1.4% |
| 2018 | $7,537 +0.1% | $365,016 |
| 2017 | $7,532 +0.8% | $365,016 |
| 2016 | $7,474 +2.6% | $365,016 |
| 2015 | $7,287 | $365,016 |
| 2014 | $7,287 | $365,016 |
| 2013 | -- | $365,016 +0.4% |
| 2012 | -- | $363,720 |
| 2011 | -- | $363,720 |
| 2010 | -- | $363,720 -1.4% |
| 2009 | -- | $368,972 |
| 2008 | -- | $368,972 +48.9% |
| 2007 | -- | $247,745 +13.6% |
| 2005 | $4,938 -3% | $218,092 -1.5% |
| 2003 | $5,092 +1.5% | $221,323 |
| 2002 | $5,018 +1% | -- |
| 2001 | $4,968 | -- |
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.Climate risks
Neighborhood: 78597
Nearby schools
GreatSchools rating
- 6/10Garriga Elementary SchoolGrades: PK-5Distance: 4.7 mi
- 4/10Port Isabel Junior High SchoolGrades: 6-8Distance: 5.9 mi
- 4/10Port Isabel High SchoolGrades: 9-12Distance: 5.9 mi
Schools provided by the listing agent
- District: Point Isabel ISD
Source: SPIBOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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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.
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