IMPORTANT INFORMATION

As many of you know, Port Aransas has long been known as a small, unique, picturesque fishing village on Mustang Island with a permanent population of some 3,000 persons. During the last two to three years however, thanks to cover articles in national publications touting the area as the last frontier in the country with affordable, water oriented properties and a wonderful tropical climate plus the lack of the many natural disasters that have occurred in other parts of the country like floods, land slides, fire etc., plus our low mortgage rates, Mustang and Padre Island have been discovered. Thanks to the stunning new 18 hole Arnold Palmer Signature Golf Course and the improvements being planned for the local airport, the area now has incredible potential for continued growth and appreciation. Investors from across the country are discovering this area and making investments. The ever popular Red McCombs has just purchased a large tract of land on the Island Moorings Marina and is developing an upscale condo project called the Palmilla. I encourage you to check out the many links I have included below for more information about the many projects now underway. Take a look at The Moorings and The Harbours and call for more information about these and others.

Newport Dunes Golf Course: The December 20th 2008 issue of Links Magazine named Newport Dunes Golf Course one of the best golf courses of 2008. We have many homesites and townhome sites for sale on the golf course. Some overlook the course and the Gulf of Mexico. Download the following for more information: http://linksmagazine.com.

The Cottages at Pirates Bay. Phase I construction to begin October 2009, for  these colorful 24 town homes that can be bought now. The two (1214sf) bedroom, two bathroom townhomes overlook a fabulous large lagoon styled swimming pool. Located just off of Highway 361  in close proximity to the beach, the golf course and a convenience store, these homes will have all the bells and whistles that includes 2 assigned parking spaces plus an extra parking space for a boat etc  The first 10 will be sold at pre-construction prices of $149,900., They'll make great first or second homes or the perfect rental property investment making them the best buy on the island. Call for more information.

The Harbour Condominiums: These luxury two and three bedroom , 1868sf - 2185 sf unit, are located on Cotter Street near the Port Aransas ferry overlooking the ship channel.  They feature amazing views of the tankers flying flags from all over the world making their way to and from the Port of Corpus Christi refineries, a parking garage and countless other amenities including a great patio and pool area. This location is the premiere site in Port Aransas.

The Harbours consists of 18 condos ranging in price from  $899,500 to $969,500. Many are under contract. but persons wanting more information about these one-of-a kind condos should call Betty Turner Real Estate or check out their website- www.theharbourcondos.com.

Newport: This 2000+ acre, multi-billion dollar planned community withh about 4,000 homes and condos, located on both sides of State Highway 361 just east of Island Moorings, will reportedly  feature four or five hotels, a fabulous canal front residential community, a marina and yacht club, two golf courses and a golf club, town homes, condos etc. Craig Millard, from Palm Beach and Newport,. Rhode Island is the primary investor. His spectacular 18 hole Arnold Palmer Signature Golf Course located directly across the highway from Island Moorings overlooking the Gulf of Mexico has officially opened and has already surpassed its original ideas of numbers of golfers interested in playing the course. Home sites overlooking the golf course or the Gulf of Mexico may be purchased now as well as larger sites for townhomes, condos or hotel development. This project has set a whole new standard for development on the island. www.newportdunesgolf.com

Cinnamon Shore: This planned 60 acre seaside, $235 million  village features about 209 home sites, 56 condos and retail space.  The retail space will include retail stores, an artisan center, 1,200 of Gulf beach, at least four swimming pools and so much more. Several area builders have already purchased lots and several undeveloped lots are available at prices ranging from $125,000 to $2,000,000. Phase I now offers homesites. This project appears to be a very well thought out planned community with amazing amenities that, in addition to the lakes, includes miles of walkable paths, a green area for concerts, two boardwalks to the beach and more! Coastal Living has selected this project for one of its Home of the Year features later this year.
www.cinnamonshore.com

Porto Villageo: This  high end residential 12 acre beach front  Mediterranean villa-styled community is currently under construction on State Highway 361 about 5 miles from Port Aransas. The project will include 55 luxury single family homes ranging in price from $135,000 to $750,000 per lot. We have some newly built homes for sale in this subdivision.

Casa Villageo: This is a 34 acre resort beachfront community on Padre Island with 34 single family homes and more than a dozen town homes. The project is under construction just south of the Port Royal Condominium. Beachfront lots will range from $500,000 to over a million dollars. New homes are also available.

Beachwalk Village: This is a 300 acre resort located on Padre Island near Packery Channel. The two villages - Beachwalk Village and Balli Village - that make up this resort - are patterned after the very popular and colorful  WaterColor and Sandestin communities in Florida.

The Moorings at Mustang Island - This is an exclusive gated residential community that consists of  3 and 4 bedroom, luxurious townhomes  built on a multi- acre tract along two private lagoons that access the Marina in the Island Mooring community subdivision. The Moorings is located across the highway from the new 18 hole Arnold Palmer Signature Golf Course and is  in walking distance to the Gulf beaches and the municipal airport.   The Gnazzos of Boston are the developers. Prices of the town homes with their own deeded boat slips have been running from $784,900 to $1,099.900 making this an impressive and unique  investment of waterfront property.  Don't miss viewing their great website: www.livetheisland.com. Call for a informational packet.

The Palmilla By the way, the remaining undeveloped acres of this 28 acre property was recently bought by the infamous Bart Koontz-Red McComb's development group out of San Antonio, adding to the heavy hitters who are targeting Mustang Island as the #1 investment opportunity in the country. This fabulous resort development is being built in phases. The first phase will consist of five story complexes with 2 and 3 bedroom condos, each with a view of the lagoon or marina or the golf course and the Gulf of Mexico. Call us to help you identify the perfect unit ready to be reserved at pre-construction prices and learn more about The Palmilla. www.thepalmilla.com

Palm Bay Village -Palm Bay is a 53 townhome development currently under construction on a 3.5 acre tract on Pade Island bordered by South Padre Island Drive and Whitecap. The project features a fabulous $300,000 swimming pool with waterfalls and lush gardens. The townhomes are 2 and 3 bedroom units with prices ranging from $170,000. to $249,000. The homes may be rented for nightly or weekly stays. 14 of the 53 units are currently under contract. This project also features one story , 1 bedroom, a bath units called The Cabanas at Palm Bay Village>.These units are currently being sold under $100,000 with 10% down. All the Palm Bay Village amenities are available to Cabana owners and renters.

Island Park Estates
This 20 acre, 57 lot beachfront subdivision is located next to the Corpus Christi's Padre Island fire station on State Highway 361. Lots are available ranging in price from $80,000 to $600,000. This project has its own board walk to the beach with a fascinating lookout. Several lots have been sold and spec homes are available.

Belle Vista
This project consists of 41 single family, free standing condominiums on a 9 acre site,centered around a small lake. This development is located at the center of Mustang Island, about mid-way between Port Arnsas and Padre Island next to the Mayan Princess condo. It will be a gated community with a spa and hot-tub area, man-made waterfalls, outdoor kitchens, gazebos and lighted fountains. Very attractive and very affordable home sites.

Tortuga Dunes
The newest beachfront development on the island is the 137 acre project known as Tortuga Dunes.
This project is located immediately north of the Corpus Christi owned park land and construction has begun on 142 homes, 97 condominiums and 37,000 square feet of retail space that features the architecture of the  Caribbean.  Lots of great amenities here including beach access. a swimming pool and lush tropical landscaping. Prices for lots range from the mid $200,000's to the mid $700,000's with homes ranging from the mid $600,000's to $1.7 million. Reservations for the lots are being accepted now.
www.TortugaDunes.com

These are just a few of the projects that are currently underway. They join the several tracts of land that run from the highway to the beach that have been subdivided into residential lots and are selling at prices that vary in accordance with whether or not the lot has a Gulf view. Prices vary from in the mid to high $200,000's to the high $700,000's or higher.

Get informed and discover some of the most affordable beachfront properties on the Texas Gulf Coast.

Is this a good time to invest? At the rate that property is being developed and sold and then appreciating - I'd say it is a good time. Not as good as two years ago but probably a whole lot better than two years from now  -when we anticipate much higher prices.

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