Posts filed under ‘Port Aransas’

Cash Flow Property on the TX Coast


Investment or Vacation Property
I have a new development property I am working with in Port Aransas, TX two blocks from the beach that is projected to cash flow. I have purchased one of the units (as has my sister and a couple of friends) and personally know the builder and developer (all out of or originally out of Austin). I do not represent the seller but serve only as a buyer rep for this project.

Port Aransas, TX
Call it the 3rd coast or call it the other coast but it’s the TX coast which represents some of the only remaining underdeveloped coastal property in the continental United States. A fishing and vacation destination for Texans and snowbirds, 2 hours from San Antonio, 2 hours from Houston and 3 ½ hours from Austin, Port A is a sport fish and family beach vacation destination. It used to be a sleepy fishing village but is now home to a new Arnold Palmer golf course set to open this fall. Good restaurants (flip flops optional) but you’ll have to go to Corpus for a Starbucks.

Port A had its first million $ property close a few years back and now it is a common occurrence. You can purchase a new construction home with a water view for $500k – $600k and plenty of condos with views for $250k – $350k. Not a high-rise type of coast, Port A is laid back and still evolving with a bit of an artist’s edge.

The Project: The Commons
   2 blocks from the beach
   30 townhomes / 8 buildings
   3 bed / 2 ½ bath
   1246 sqft
   ICF construction
   pool
   $219k – $225k

Cash Flow
If you choose to use as a vacation rental, these units are projected to cash flow. The developer will consider price breaks for purchase of more than one unit.

See the following for marketing and pro-forma:
http://www12.sendthisfile.com/d.jsp?t=p2Bimw5HtlkmcMkp85BroAs5

Interested? Contact TheNelsonProject@austin.rr.com or 512-794-6608.

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© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2008-2010. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.

June 9, 2008 at 4:13 am 1 comment

Going Coastal


Originally uploaded by thenelsonproject

Loved the special report in the real estate section of today’s Austin American Statesman regarding gulf coast living and the health of the related condo and development market. Texas markets including the TX coast remain some of the healthiest real estate markets in the country. The article tells us that “nearly two-thirds of the states’ shoreline is protected from development [love that]. But where it’s permitted, development has been revving up, from Galveston to Mustang Island.” And Corpus and South Padre. It’s all good.

The TX gulf is a great place for a bargain. “For anyone interested in oceanfront property, it’s the only game left where you can get in for less than $1 million,” says Jim Gaines, research economist at the Texas A&M University Real Estate Center. Heck, you can get in for under $250k. I’ll personally stick to the $219k new ICF construction town home I am building 2 blocks from the beach in Port Aransas. It’s called The Commons and fits nicely into my budget and my plans to invest outside of Austin and, quite possibly, retire or semi-retire to Port Aransas in 9 or so years. Yes, you can purchase 2 blocks from the beach for under $250k. I’m thinking get in now while you can.

One thing I found in the article that I totally had not considered has to do with foreign investment. “Because of the falling dollar, it’s like a 30%-off sale for homes in the States. And if you’re a European or Mexican who’s looking for coastal property, it’s far more affordable here than anywhere else.”

The fishing’s great. So is the real estate.

Here’s the link: http://www.statesman.com/business/content/business/stories/statesmanhomes/03/02/0302gulfcoast.html

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© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2008-2010. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.

March 3, 2008 at 12:07 am 2 comments


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© Julie Nelson and The Nelson Project at Keller Williams Reatly, 2016-2020. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Julie Nelson and The Nelson Project at Keller Williams Realty with appropriate and specific direction to the original content.

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