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106 W Corral Street, South Padre Island, TX 78597

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For Sale

$2,900,000

4,500 sqft

Estimated Payment

$ 15,450 /mo. †

6.63% APR for 30 yrs.
$7,044 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $644.44
    Price per square foot

  • New Construction, 1-5 Years Old
    Age

Explore this Property

Presenting an exceptional investment opportunity: a brand-new 17-unit studio apartment property located just steps away from the vibrant entertainment district of South Padre Island. This property offers flexibility for both short-term and long-term rental options, catering to a variety of guests year-round. Each unit is turn-key and fully furnished, featuring appliances, Wi-Fi, and modern amenities to ensure a comfortable stay. The complex is equipped with security cameras for peace of mind, along with a private pool and a dedicated laundry building for added convenience. With its prime location and amenities, this property promises excellent income potential in a highly desirable area. Don t miss this exceptional chance to invest in a high-demand rental area with outstanding potential for growth.
MLS# 453240

Courtesy Of RGV Venture Capital, LP d/b/a Keller Williams Realty - RGV

(956) 928-1155

Property Features

  • Age
    New Construction, 1-5 Years Old
  • Architecture Style
    Other
  • Lot Size
    0.32 Acres

Map and Directions

Directions to 106 W Corral Street, South Padre Island, TX 78597

Home seller CENTURY 21 Johnston Company

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Johnston Company

(956) 425-3333
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $14,863
  • Property Taxes
    $587
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $15,450

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Garriga Elementary School

Grades PK-5 Public School

Port Isabel, TX 78578 3.3 miles
200 w adams st

468 total students
17:1 Student teacher ratio

School Rating: C

School Details

Derry Elementary School

Grades PK-5 Public School

Port Isabel, TX 78578 4 miles
1702 2nd st

495 total students
16:1 Student teacher ratio

School Rating: B

School Details

Port Isabel Jr High School

Grades 6-8 Public School

Port Isabel, TX 78578 5 miles
17001 hwy 100

460 total students
14:1 Student teacher ratio

School Rating: B-

School Details

Port Isabel High School

Grades 9-12 Public School

Port Isabel, TX 78578 5.2 miles
18001 hwy 100

648 total students
16:1 Student teacher ratio

School Rating: C

School Details

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for South Padre Island, TX 78597

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South Padre Island, TX 78597

This community’s employment is highest in the food and administrative support industries. The area’s overall household expenses are above the national average.

90° August
Hottest Average Month
51° January
Coldest Average Month
383 Total Households in Area
-2.7% Increase in population since the year 2010
9.7%
of households
have children
15 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for South Padre Island, TX 78597

South Padre Island, TX 78597 has a population of 851 people in 383 households with a median age of 60 years old.

-2.7%
Decrease in population
since the year 2010
Population is Trending down
417
Total households as of 2010
1.1%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 60 years old. The smallest percentage group is 55-64 years and the largest percentage is the 6-11 years age range.

Community Population By Ethnicity

White 70%
Hispanic 30%
Other 5%
Asian 2%
Black 1%
Native American <1%
The most prevalent ethnicity is White at 70%, followed by Hispanic at 30%, Other at 5%, and Asian at 2%.

Economics
for South Padre Island, TX 78597

15 /sq mi
Population Density
$64,299 /yr
Median Household Income
$388,125
Median Sales Price
15 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 24.51% of the households.

Transportation to Work

  • Drive 65%
  • Work from Home 17%
  • Walk or Bike 17%
  • Public Transit 0%

Occupancy by Type

Vacant 1,416 79%
Owned 271 15%
Rented 112 6%

White vs Blue Collar Jobs







White Collar 90%
Blue Collar 10%

Family & Education Facts
for South Padre Island, TX 78597

60 Median Age

Average Household Size

2.2
persons per
household

49%

Married Households

Community Population By Education

Bachelors Degree 30%
Some College 27%
Graduate Degree 23%
High School Graduate 7%
Some High School 7%
Associates Degree 6%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 29.61% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
9.7% of households have children

Weather
for South Padre Island, TX 78597

The weather for this area ranges from a high of 90° F in August to a low of 51° F in January

90° August
Hottest Average Month
51° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
51°
67°
Feb
54°
70°
Mar
60°
74°
Apr
67°
79°
May
73°
84°
Jun
77°
88°
Jul
77°
89°
Aug
77°
90°
Sep
75°
87°
Oct
70°
83°
Nov
62°
76°
Dec
54°
70°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about South Padre Island, TX 78597!
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Copyright © 2025 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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