People like beach condominiums on South Padre Island, great views, low maintenance, two bedrooms are the best value, easier to sell and provide the best CAP rate and ROI.
More importantly, South Padre Island has a resort style beach, the best sand, sun, and turquoise water on the Texas coast, meaning it has a nice beach you’ll really want to walk or just hang out on, plus no cars! The condominiums on the beach are super convenient, as the beach is your front yard, you don’t need a golf cart and all that hassle, just walk outside – and with our tropical climate, year-round warm temperatures, sunny days, you’ll be doing so every day.
These charts paint a picture-perfect snapshot of the market, and indeed it is, but at peak, and big data numbers indicate we’re already in the early stages of market correction in the real estate cycle.
See what our internal numbers show