Padre Blvd, South Padre Island, TX 78597 – Commercial Improved Land

CommercialYear Built 2018Total Assessed Value $31,500,000County Cameron

Property Details

The Commercial property Padre Blvd, South Padre Island, TX 78597 is located in Cameron County. The specific property type is Commercial Improved Land. The total assessed value of this property is $31,500,000.

The gross building area is 261,960 square feet and the land area is 183,823 square feet for this Commercial Improved Land built in 2018.

Legal description: City/Muni/Twp:Town Of South Padre Island Lot 16 Padre Beach Estates Subdivision (2015 Replat C1-3323 Ccmr Filed 12/31/14)

$31,500,000

Market Value

N/A

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeCommercial

Sub Property TypeCommercial Improved Land

Building Area261,960

Land Size183,823

Land Value$3,930,287

Improved Value$27,569,713

Total Assessed Value$31,500,000

Year Built2018

County NameCameron

Account Number396977

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space21

HeatingNone

Pool4300

Type ConstructionOther

No of Stories5

Garage TypeCarport 0

Total Rooms224

Number of Units222

Sales History

2/10/2021

Arms-lengthNot Disclosed

Buyer

Fultz Kyle C

Seller

Wurth Hallie L

Book Number

2021.6408

Recording Date

2/10/2021

Transaction Details

Fultz Kyle C acquired the property from Wurth Hallie L through a Arms-length transaction on 2/10/2021 for .

7/21/2020

Arms-lengthNot Disclosed

Buyer

Cora Lee Spi Llc

Seller

Mann Tiffany A

Book Number

2020.25180

Recording Date

7/21/2020

Transaction Details

Cora Lee Spi Llc acquired the property from Mann Tiffany A through a Arms-length transaction on 7/21/2020 for .

7/10/2020

Arms-lengthNot Disclosed

Buyer

Dubriske David Allan

Seller

Curiel Arnoldo

Book Number

2020.23642

Recording Date

7/10/2020

Transaction Details

Dubriske David Allan acquired the property from Curiel Arnoldo through a Arms-length transaction on 7/10/2020 for .

5/22/2020

Arms-lengthNot Disclosed

Buyer

Cantu Antonio Martinez

Seller

Longoria Ludvina Gonzalez De

Book Number

2020.17960

Recording Date

5/22/2020

Transaction Details

Cantu Antonio Martinez acquired the property from Longoria Ludvina Gonzalez De through a Arms-length transaction on 5/22/2020 for .

1/30/2020

Arms-lengthNot Disclosed

Buyer

Fawcett Dina K

Seller

Morrison Gregory Lee

Book Number

2020.3583

Recording Date

1/30/2020

Transaction Details

Fawcett Dina K acquired the property from Morrison Gregory Lee through a Arms-length transaction on 1/30/2020 for .

11/13/2006

Arms-length$680,000

Buyer

Pither Construction Inc

Seller

Pither Pat

Book Number

2006.65982

Recording Date

11/13/2006

Transaction Details

Pither Construction Inc acquired the property from Pither Pat through a Arms-length transaction on 11/13/2006 for $680,000.

8/15/2006

Arms-lengthNot Disclosed

Buyer

Pursuit Capital Llc

Seller

Lenorreys William C

Book Number

2006.48441

Recording Date

8/15/2006

Transaction Details

Pursuit Capital Llc acquired the property from Lenorreys William C through a Arms-length transaction on 8/15/2006 for .

7/14/2006

Arms-length$223,100

Buyer

Pither Pat

Seller

Harris Henry W

Book Number

2006.42270

Recording Date

7/14/2006

Transaction Details

Pither Pat acquired the property from Harris Henry W through a Arms-length transaction on 7/14/2006 for $223,100.

6/23/2006

Arms-length$187,500

Buyer

Lcj Enterprises Ltd

Seller

Cespedes Jose A

Book Number

2006.38701

Recording Date

6/23/2006

Transaction Details

Lcj Enterprises Ltd acquired the property from Cespedes Jose A through a Arms-length transaction on 6/23/2006 for $187,500.

2/1/2006

Arms-lengthNot Disclosed

Buyer

Pitcairn Development Lp

Seller

Pitcairn Advisory Inc

Book Number

2006.66273

Recording Date

2/1/2006

Transaction Details

Pitcairn Development Lp acquired the property from Pitcairn Advisory Inc through a Arms-length transaction on 2/1/2006 for .

Property constructed in 2018

YSale Price (USD) byXSales Year

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Mortgage History

2/26/2020

Arms length residential transactions purchase or resales$87,500

Borrower

Camacho Jalme

Lender

International Bank Of Commerce

Book Number

2020.7836

Recording Date

2/26/2020

Transaction Details

Camacho Jalme borrowed the property from International Bank Of Commerce through a Arms length residential transactions purchase or resales transaction on 2/26/2020 for $87,500.

8/15/2017

Arms length residential transactions purchase or resales$335,000

Borrower

Robertson Carlon R

Lender

First Community Bank

Book Number

2017.31968

Recording Date

8/15/2017

Transaction Details

Robertson Carlon R borrowed the property from First Community Bank through a Arms length residential transactions purchase or resales transaction on 8/15/2017 for $335,000.

8/19/2014

Arms length residential transactions purchase or resales$150,000

Borrower

Robertson Carlon R

Lender

First National Bank Of South Padre Islan

Book Number

2014.29445

Recording Date

8/19/2014

Transaction Details

Robertson Carlon R borrowed the property from First National Bank Of South Padre Islan through a Arms length residential transactions purchase or resales transaction on 8/19/2014 for $150,000.

6/23/2006

Helocs both purchase money and non purchase money helocs$150,000

Borrower

Lcj Enterprises Ltd

Lender

Lone Star National Bank

Book Number

2006.38702

Recording Date

6/23/2006

Transaction Details

Lcj Enterprises Ltd borrowed the property from Lone Star National Bank through a Helocs both purchase money and non purchase money helocs transaction on 6/23/2006 for $150,000.

9/11/2006

Arms length residential transactions purchase or resales$572,761

Borrower

Lcj Enterprises Ltd

Lender

Rio Bank

Book Number

2006.56259

Recording Date

9/11/2006

Transaction Details

Lcj Enterprises Ltd borrowed the property from Rio Bank through a Arms length residential transactions purchase or resales transaction on 9/11/2006 for $572,761.

7/14/2006

New construction residential transactions$178,500

Borrower

Pither Pat

Lender

Texas National Bank

Book Number

2006.42271

Recording Date

7/14/2006

Transaction Details

Pither Pat borrowed the property from Texas National Bank through a New construction residential transactions transaction on 7/14/2006 for $178,500.

11/13/2006

Arms length residential transactions purchase or resales$544,000

Borrower

Pither Construction Inc

Lender

Texas National Bank

Book Number

2006.65983

Recording Date

11/13/2006

Transaction Details

Pither Construction Inc borrowed the property from Texas National Bank through a Arms length residential transactions purchase or resales transaction on 11/13/2006 for $544,000.

Property constructed in 2018

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2024	$3,930,287	$27,569,713	$31,500,000	$31,500,000	Buddin Enterprises L...	7010 Padre Blvd, Sou...	City/Muni/Twp:Town O...	Htl - Mtl	Padre Beach Estates ...	183,823	261,960
2023	$3,930,287	$21,069,713	$25,000,000	$25,000,000	Modern Resort Lodgin...	7010 Padre Blvd, Sou...	Lot 16 Padre Beach E...	HTL - MTL	676420	183,823	269,790
2022	$4,384,331	$17,982,996	$22,367,327	$22,367,327	Modern Resort Lodgin...	7010 Padre Blvd, Sou...	Lot 16 Padre Beach E...	676420	676420	183,823	269,790
2021	$4,384,331	$17,615,669	$22,000,000	$22,000,000	Modern Resort Lodgin...	7010 Padre Blvd, Sou...	Lot 16 Padre Beach E...	676420	676420	183,823	269,790
2020	$4,384,331	$33,781,353	$38,165,684	$38,165,684	Modern Resort Lodgin...	7010 Padre Blvd, Sou...	Lot 16 Padre Beach E...	676420	676420	183,823	269,790
2019	$4,384,331	$2,459,527	$6,843,858	$6,843,858	Modern Resort Lodgin...	7010 Padre Blvd, Sou...	Lot 16 Padre Beach E...	676420	676420	183,823	261,960
2018	$4,314,331	-	$4,314,331	$4,314,331	Modern Resort Lodgin...	7010 Padre Blvd, Sou...	LOT 16 PADRE BEACH E...	676420	676420	183,823	-
2017	$4,314,331	-	$4,314,331	$4,314,331	Modern Resort Lodgin...	7010 Padre Blvd, Sou...	LOT 16 PADRE BEACH E...	676420	676420	183,823	-
2016	$4,314,331	-	$4,314,331	$4,314,331	Modern Resort Lodgin...	7010 Padre Blvd, Sou...	Lot 16 Padre Beach E...	676420	676420	183,823	-
2015	$4,595,580	-	$4,595,580	$4,595,580	Modern Resort Lodgin...	7010 Padre Blvd, Sou...	LOT 16 PADRE BEACH E...	676420	676420	183,823	-

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	Padre Blvd, South Padre Island, TX 78597	—	-	183,823	2018	261,960	$ 31,500,000	$ 3,930,287	-
Pinnacle Realty Advisors Inc	178 S Us Highway 83, Zapata, TX 78076	09/10/2025	$ 650,000	80,717	2011	8,723	$ 711,542	$ 270,401	-
Yucca Street Investments Llc	270 Cockle Dr, Port Isabel, TX 78578	08/27/2025	$ 65,000	120	1995	804	$ 269,822	$ 140,000	Esquivel Properties And Invest
Yucca Street Investments Llc	270 Cockle Dr, Port Isabel, TX 78578	06/26/2025	$ 235,000	120	1995	804	$ 269,822	$ 140,000	Esquivel Properties And Investments Llc
Yucca Street Investments Llc	443 Cockle Dr, Port Isabel, TX 78578	05/22/2025	$ 100,000	2,800	1993	384	$ 128,994	$ 82,500	Esquivel Properties And Invest
Zapata National Bank	192 Madison Ave, Zapata, TX 78076	05/19/2025	$ 132,000	43,560	2016	480	$ 29,571	$ 22,500
Zapata National Bank	190 Madison Ave, Zapata, TX 78076	05/19/2025	$ 132,000	75,054	1984	640	$ 57,511	$ 15,507
Prosperity Bank	1519 E Main St, Alice, TX 78332	05/15/2025	$ 235,000	6,708	0	1,680	$ 173,669	$ 67,080	Jjzv Llc
Tc Hunting Investments Llc	1607 State Highway 16, Zapata, TX 78076	05/12/2025	$ 170,000	10,500	1998	1,200	$ 113,659	$ 13,834
Champions Funding Llc	271 Cockle Dr, Port Isabel, TX 78578	04/19/2025	$ 164,000	88	2022	370	$ 175,139	$ 139,920	Esquivel Properties And Investments Llc
Flagstar Bank	103 Singer Ln, Zapata, TX 78076	03/24/2025	$ 197,359	95,999	0	-	$ 95,779	$ 95,779

Mean$ 25,371,711

Median$ 204,929.5

Loan Amount Range$ 40,000 - $ 650,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
PADRE BLVD, S PADRE ISLAND, TX 78597	ISLAND EQUESTRIAN CTR	9567614677	STABLES
PADRE BLVD, S PADRE ISLAND, TX 78597	BRAZOS-SANTIAGO PILOTS ASSOC	9569433680	NONCLASSIFIED ESTABLISHMENTS

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