Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    305 Mermaid Tail, Unit 3 Port Aransas, TX 78373

    View on Map
    Sponsored
    For Sale
    $190,000

    LAND - Port Aransas, TX

    Lot size:
    0.08 Acres
    Days on Market:
    8
    Last Refresh:
    Mar 23 at 12:06 am

    Property Features for 305 Mermaid Tail

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    6301-0005-0030
    Pool private
    1
    Exterior features
    Landscaping
    Lot size
    0.08 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Whitney Redman

    THE KB TEAM & ASSOCIATES

    Listing agent Whitney Redman License #0797412

    Listing date Mar 16, 2026

    MLS# 472936 Listing URL

    Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Homesite in Palmilla Beach

    Located in the Waters Edge section of Palmilla Beach, this homesite at 305 Mermaid Tail backs up to green space and offers proximity to community amenities. The lot is approximately 0.08 acres. House plans are included, offering a head start on building. This lot offers flexibility for a vacation rental, investment property, or personal coastal getaway. It provides access to Palmilla's resort-style pool, golf course, dining, shops, and beach access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Port Aransas
    County
    Nueces
    State
    Texas
    Longitude
    -97.091889
    Latitude
    27.793976

    Nearby Similar for Sale

    • $5,000,000
      3,252 SF

      Established Bar & Real Estate

      Iconic Port Aransas bar with real estate for sale.
      203 N Alister St, Port Aransas, TX 78373
      View Details
    • New
      $835,000
      2,688 SF

      Port Aransas Four-Plex Investment

      Four-unit complex in Port Aransas, suitable for long/short-term rentals.
      419 6Th St, Port Aransas, TX 78373
      View Details
    • $199,000
      0.04 Acres

      Port Aransas RV Resort Site

      RV resort site with amenities near fishing pier.
      1100 Port St, Port Aransas, TX 78373
      View Details
    • $2,400,000
      6,169 SF

      Port Aransas Mixed-Use Commercial Property

      Mixed-use commercial property with office space, suites, and pool.
      121 Cut Off Rd, Port Aransas, TX 78373
      View Details
    • $425,000
      Pending

      Waterfront RV Resort Lot

      Executive RV lot with pond views, outdoor kitchen, and upgrades.
      5601 State Highway 361, Port Aransas, TX 78373
      View Details
    • $2,000,000
      4,623 SF

      Charming Vacation Cottages Near Beach

      Established vacation rental business with five cabins and manager's home.
      1607 S 11Th St, Port Aransas, TX 78373
      View Details
    • New
      $1,985,000
      3,359 SF

      Stunning Multi-Unit Property with Pool

      Luxurious 3-unit property with pool, balconies, and prime location.
      413 6Th St, Port Aransas, TX 78373
      View Details
    • $957,000
      3,578 SF

      Port Aransas Fourplex Investment Opportunity

      Well-kept fourplex near the beach in desirable Port Aransas.
      701 La Juana Ct, Port Aransas, TX 78373
      View Details
    • $957,000
      3,575 SF

      Port Aransas Fourplex Investment Opportunity

      Fourplex in desirable Port Aransas neighborhood, near beach and amenities.
      701 La Juana Ct, Port Aransas, TX 78373
      View Details
    • $239,000
      0.04 Acres

      Port Aransas RV Resort Land

      RV resort lot with palapa, kitchen, and community amenities.
      1100 Port St, Port Aransas, TX 78373
      View Details
    • $239,000
      0.04 Acres

      Port Aransas RV Resort Land

      RV resort lot with palapa, kitchen, and community amenities.
      1100 Port St, Port Aransas, TX 78373
      View Details
    • $305,000
      6.13 Acres

      Port Aransas RV Resort Land

      Boutique coastal RV community with premium amenities near the beach.
      770 Sandcastle Dr, Port Aransas, TX 78373
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Homesite in sought-after community with house plans included.
    Where is this residential land & home lot located?
    The property is located at 305 Mermaid Tail, Unit 3 Port Aransas, TX.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: - Prime homesite in the sought-after Waters Edge section of Palmilla Beach.; - Backs up to peaceful green space.; - House plans are already drawn and included.
    (361) 850-3588
    Request Owner's contact information
    305 Mermaid Tail, Unit 3 Port Aransas, TX 78373
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    305 Mermaid Tail, Unit 3
    Port Aransas, TX 78373
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    305 Mermaid Tail, Unit 3 Port Aransas, TX 78373
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Whitney Redman
    Real Estate License ID: 0797412
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!