26 photos
$735,000
200 W Retama St
South Padre Island, TX 78597
Jesus Robert De Leon, Housekey Realty · (512) 710-9577
What the listing says
OWNER FINANCING AVAILABLE AT JUST 4.9% INTEREST WITH A MINIMUM 20% DOWN PAYMENT! OR AS LOW AS 4.5% RATE WITH 25% DOWN! Take advantage of this rare financing opportunity to own a fully furnished, income-producing property on South Padre Island! This versatile 4-bedroom, 3-bath coastal retreat features a unique "2 homes in 1" layout, ideal for vacation rentals, multi-gen living, or personal use with rental income potential. Each level offers a private entrance, full kitchen, and living area, allowing for flexible use. Enjoy your own private backyard oasis with a swimming pool, spacious 6-car driveway, and attached garage. Desirable corner lot near beach access, restaurants, and entertainment. No HOA! Move-in ready and fully furnished. Owner-financing terms based on a $735k purchase price, 4.9% interest, minimum 20% down payment, 20-year amortization, and 5-year balloon. Conventional, FHA, and VA offers welcome! Seller willing to negotiate a lower price for traditional financing.
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Single Family
Lot Size
6,250.86 sq ft
HOA
None
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Questions about owner financing in South Padre Island
What is owner financing for 200 W Retama St?
Owner financing means the seller of 200 W Retama St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this South Padre Island, TX home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this South Padre Island home?
There is no standard down payment. The seller of this South Padre Island home sets their own, and it is negotiable. Ask the seller or their agent.