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    112 Dolphin Ln South Padre Island, TX 78597

    For Sale
    $1,500,000

    Luxury 2-unit beachfront duplex, high rental income.

    Property size:
    3,506 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2-unit apartment building presents a lucrative investment opportunity in the vibrant South Padre Island, Texas entertainment district. Built in 2023, this modern duplex boasts a total of 3,506 square feet situated on a 4,999.817 square foot lot. Each of the two units features a contemporary design, upscale finishes, three bedrooms, and two and a half bathrooms spread across two floors. The property includes a private pool, offering an attractive amenity for guests. Its prime location provides easy walking access to the beach, making it ideally suited for short-term rentals such as Airbnbs. The property's design and location cater to the high demand for vacation rentals in this popular tourist destination. This turnkey investment offers the potential for significant rental income, whether utilized solely for rentals, as a personal vacation home, or a combination of both. The property's modern comforts ensure a luxurious experience for guests, maximizing its appeal and rental potential. This is a rare opportunity to acquire a high-performing asset in a thriving South Padre Island rental market. The property is located at 112 E Dolphin Lane, South Padre Island, TX 78597.

    Property Features for 112 Dolphin Ln

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,506 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    South Padre Island
    County
    Cameron
    State
    Texas
    Longitude
    -97.1670795
    Latitude
    26.1062928

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    FAQs

    What type of property is this?
    Multifamily property - Luxury 2-unit beachfront duplex, high rental income.
    Where is this multifamily property located?
    The property is located at 112 Dolphin Ln South Padre Island, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    Request Owner's contact information
    112 Dolphin Ln South Padre Island, TX 78597
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    Realmo Value Estimation

    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.

    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.

    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
    112 Dolphin Ln South Padre Island, TX 78597
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