Port Aransas Real Estate

PORT ARANSAS, Texas - Construction is underway on the five final townhomes in the first phase of The Cottages at Pirates Bay in Port Aransas.  The new three bedroom, two bath units offer the popular features that have made this development a tremendous success.  Coastal interiors with scored concrete floors, grainite counters, glass tile backsplash, wainscoting and stained wood ceilings just to name a few.  Also included are impact/storm windows and doors. Priced at $204,900 and completed Dec 2011 - January 2012

Two of the units have already sold and only three units remain in Phase I.  Low HOA fees and vacation rental revenue make these townhomes a popular choice.

PORT ARANSAS, Texas - The Texas Transportation Commission announced yesterday that approximately $690,000 was approved in the Setember meeting.  These funds will be used for planned improvements which include replacing the Automated Weather Observing System (AWOS) and engineer/design for pavement and lighting improvements.

Project costs will be funded through TxDOT's Aviation Facilities Grant Program, which preserves and improves the state's general aviation system and the City of Port Aransas.

Mustang Beach Airport Port Aransas

PORT ARANSAS, Texas - Port Aransas has been chosen as "Best Weekend Getaway" by the Houston Press.  They noted that "The water is much prettier and greener than that of the Upper Coast, and there's both grit and family friendly fun in this Coastal Bend town less than four hours down the Southwest Freeway."  Read the complete article at houstonpress.com.  Earlier this year readers of the San Antonio Express News selected Port Aransas as their preferred weekend getaway.

PORT ARANSAS, Texas, Activity has been brisk in recent weeks at The Cottages At Pirates Bay in Port Aransas.  Four new three-bedroom units are under construction with another five set to begin at the end of the month. Several of these new units are still available for sale.  In addition to the new construction, all the existing Phase I units have been sold but the sales office / model home (Unit 118).

Buyers are discovering the incredible value and the cash flow opportunities that these popular vacation rentals can produce.  The new three bedroom units are priced at $204,900 and comparable existing units will generate $35k+ in gross rental revenue this year.  Based on all the recent activity, it appears to be a winning combination.

Construction has begun on four new 3BR Townhomes in Port Aransas

The lagoon pool at Pirates Bay

Thank you for visiting the Port Aransas real estate blog.

Keith McMullin – Broker/Realtor

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PORT ARANSAS, Texas - Two recent articles in national publications support what is occuring in the Port Aransas real estate market.  "Market for Vacation Homes Is on the Rise" reports the Wall Street Journal earlier this month.

The vacation home market on the Texas Gulf Coast is closely tied to the economic conditions of Houston, Austin, San Antonio and Dallas.  The relative stability in these markets has prevented the extreme highs and lows seen elsewhere in the US (Florida, California, Nevada, etc).

Although the article "Real Estate: Finally a Good Investment?" in Smart Money (1/18/11) is geared towards the residential market rather than vacation homes, the logic holds true in both cases.  Interest rates are still at or near historic lows and the long term prospects for inflation are likely.  Typically, real estate performs well during inflation.

Investment income from short-term vacation rentals has been steadily increasing in Port Aransas.  There are a number of theories as to why more and more people are opting for a family vacation on the Texas Coast.  For most Texans, it is a short drive from home.  Travelers can avoid the headaches associated with air travel (TSA pat downs, baggage fees, layovers, etc).  The "Staycation" concept which keeps people close to home while getting away is another popular theory.

As a result, numerous condos and homes produce $30k to $50k+ in annual gross rental revenue.  This can go a long way in covering expenses.  What many prospects and buyers are saying is quite simple.  They are looking for a sound investment that they can enjoy with their family.

If the trend from late 2010 and early 2011 is any indication, this could be a strong year for sales in Port Aransas and elsewhere along the Texas Gulf Coast.

Port Aransas / Mustang Island

PORT ARANSAS, Texas - Despite what you might hear on CNBC or read in the National Press about the US housing market, buyers are still active in Port Aransas.  Eight new homes are under construction at Village Walk with one more about to start.  Each of these homes are sold and the owners will be ready to enjoy the Spring/Summer season on Mustang Island.  These new homes bring the total number of homes in Village Walk to 55.  There will be 98 upon completion.

Two New Homes In Village Walk Phase II

Vacation rental revenue continues to be strong for Village Walk owners seeking investment income.  The three-story units grossed $50k to $60k in 2010.  

A Three-Story Home Nears Completion In Phase II Of Village Walk

Five homes are sold and under construction at Sunrise Cottages.  The four bedroom cottages will build on many of the design features made popular in Twin Palms, Royal Palms and Village Walk:  open kitchen/dining/living areas featuring polished concrete floors downstairs and wood floors throughout the second level. The units surround a central swimming pool, pavilion and landscaped common area.  Five cottages remain and are priced at $230k.

New Construction At Sunrise Cottages In Port Aransas

Thank you for visiting the Port Aransas real estate blog.

Keith McMullin – Broker/Realtor

Search All Port Aransas Listings

PORT ARANSAS, Texas - The 2010 Cinnamon Shore Seaside Home Tour is well underway.

This tour features a collection of the best work and new ideas by the area’s top designers, architects, and builders. Visitors will be able to tour distinctly beautiful homes set in a traditional seaside village.

Tour Dates and Times

June 9 – Sept 6
Wednesday – Sunday 11AM – 5PM

$5.00 admission with 80% of the proceeds benefiting the Port Aransas Education Foundation.

More About the Home

Simple elegance describes this 5 bedroom, 5.5 bath home. A classic beach home with porches on two sides and gulf views that extend beyond the horizon!

The Enterprise Blog offers more insight on how the Texas economy is outperforming other parts of the country...

New Geography, the online magazine created by Joel Kotkin and others with a special focus on demographics and trends, has been tracking the implosion of California in an interesting way: by comparing it to Texas.

Texas and California are America’s two most populous states, together numbering approximately 55 million people, which is only about 6 million less than the United Kingdom, where I live. California, as everyone knows, has a coolness factor that Texas cannot match. Hollywood, Silicon Valley, and wine. Say no more. But, unless one has been living in a cave, everyone knows that the cool state is also the broke state. If Hollywood turned California’s budget and fiscal position into a movie, it would be a blockbuster horror film indeed.

Texas, on the other hand, is growing, creating wealth, and attracting the entrepreneurial and creative classes that too many people think only go to places like New York and California. This interesting post by Tory Gattis at New Geography explains why. He shares a four-point analysis from Trends magazine:

Read the complete article here: