NORTH PADRE ISLAND HOUSING REPORT – AUGUST 2023

Corpus Christi Association of Realtors has posted the North Padre Island Housing Report for August 2023.

Our active listing median prices fell the past month to $389,000 this past month which is a 2.3% decrease from where it was compared to last August at this time! CCAR shows us the data that is rising for active listings by 41.8% with a total of 217 properties this past month while inventory Has risen at 5.6 compared to 2.8 last year during the month of August.

Days on the market for sale are increasing from last month with an average of 59 days and the highest categories for sales with 26.8% of all the sales being priced between $300,000 – $399,999 and $500,000 – $749,999. The market is moving forward nicely this summer with properties available across many pricing areas. North Padre Island’s newest development Whitecap NPI is set up to start sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

Headline Inflation measured by the Consumer Price Index (CPI) was 0.6 percent in August and 3.7 percent over the previous year. Both of these rates were higher than recent figures on inflation, and the main driver of the increase was the rise in retail gasoline prices in August. fuel provided 34 basis points, or slightly more than half, of the overall monthly CPI, which increased by 10.6 percent over the course of the month (the price of fuel has decreased by 3.3 percent over the last year).

Cheri Sperling is the owner of Coastline Properties with a dedicated team of agents specializing in residential listings, sales, and property management in the Padre Island real estate market. Coastline’s team is the most knowledgeable real estate office on Padre Island. No pressure style, patience, and an intimate understanding of the local market. They go to work for you!

 

North Padre Island August 2023 Data (Click Pic below for Larger Image)

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WHAT’S YOUR NORTH PADRE ISLAND STREET NAME MEAN?

A La Entrada – An expedition or journey into unexplored territory, or, in Spanish it means Entrance.

Almeria – A city of southeast Spain on the Gulf of Almería, an arm of the Mediterranean Sea.

Aloha – Hawaiian word used when greeting or parting from someone.

Aquarius – The Water Bearer, a zodiacal constellation – A good person who doesn’t judge.

Aruba – An island in the Netherlands Antilles, in the West Indies.

Atascadera – Atascadero in Spanish means stumbling-block.

Barataria – A bay in The Gulf of Mexico, off Louisiana (See Laffite).

Beaufort – An empirical measure that relates wind speed to observed conditions at sea or on land.

Binnacle – A built-in housing for a ship’s compass.

Blackbeard – Nickname of Edward Thatch who was a notorious English pirate who operated around the West Indies and the eastern coast of the American colonies.

Bonasse – Easy-going and simple-minded.

Bounty – A British naval ship commanded by Captain William Bligh, which was on a scientific voyage in 1789 between Tahiti and the West Indies when her crew mutinied.

Bowsprit – A spar, extending forward from the stem of a ship, to which the stays of the foremast are fastened.

Brigantine – A two-masted sailing ship, square-rigged on the foremast and having a fore-and-aft mainsail, often with square main topsails.

Broomsedge – Broom sedge: any of several grasses of the genus Andropogon.

Bullion – Gold or silver considered in mass rather than in value.

Cabana – A cabin, hut, or shelter, especially one at a beach or swimming pool.

Cabo Blanco – It’s a fishing village in northwestern Peru, or in Spanish, “White Terminal.”

Camino De Oro – In Spanish, meaning “Path to Gold.”

Camino De Plata – In Spanish, meaning “Path to Silver.”

Canadian Mist – A brand of Blended Canadian whisky produced by the Brown-Forman Corporation.

Capstan – A revolving cylinder with a vertical axis used for winding a rope or cable, powered by a motor or pushed around by levers.

Captain Kidd – 1645(ish)–1701, he was a Scottish navigator and privateer who was hanged for piracy.

Caravel – A small, fast Spanish or Portuguese sailing ship of the 15th–17th centuries.

Carlos Fifth – Carlos THE Fifth is the name of a creepy looking candy bar from Mexico, what you call someone that does something in a stupid manner.

Cartagena – A seaport in SE Spain.

Catamaran – A yacht or other boat with twin hulls in parallel.

Cayo Cantiles – Cayo, in Taíno meaning “small island,” Cantiles in Spanish meaning “cliff.”

Cayo Gorda Ct – Cayo, in Taíno meaning “small island,” Gorda in Spanish meaning “fat.”

Cobo De Bara – Cobo, meaning “sea snail” and Bara in Hebrew means “heaven and earth.”

Commodores – A naval officer of high rank, in particular an officer in the US Navy or Coast Guard ranking above captain and below rear admiral.

Coquina Bay – A soft limestone of broken shells, used in road-making in the Caribbean and Florida.

Cozumel – In Mexico, the name was given to it by the Spaniards; however its origin is derived from the words Cuzam (meaning Swallow) and Lumil (meaning land of).

Crossjack – The lowermost square sail set on the mizzenmast of a ship or of a bark with four or more masts.

Cruiser – A relatively fast warship larger than a destroyer and less heavily armed than a battleship.

Cumana – A city in NE Venezuela founded in 1523 that is the oldest European settlement in South America.

Cutlass – A short sword with a slightly curved blade, formerly used by sailors.

Cuttysark – It is a British clipper ship built on the River Clyde in 1869 for the Jock Willis Shipping Line and was one of the last tea clippers to be built.

Dasmarinas – It is the largest city in the province of Cavite, Philippines. In the 19th century during the Spanish Colonial Period, Dasmariñas was originally called Tampus meaning “end of the forest.”

Dorsal – Relating to the upper side or back of an animal, plant, or organ. Fin – an unpaired fin on the back of a fish or whale.

Doubloon – A Spanish gold coin.

Dragonet – A marine fish that often lies partly buried in the seabed; the male is brightly colored.

Ducat – A gold coin formerly current in most European countries.

Dyna – Simply defined as “power.”

Eaglesnest – The nest of a bird built high up on a cliff or on the top of a mountain OR a room or building built high up so that people inside can see things happening below them.

El Soccorro – It’s a Portuguese-Spanish noun meaning “help” or “relief.”

Emerald – A bright green precious stone consisting of a chromium-rich variety of beryl.

Encantada – In Spanish, means “delighted” as in “pleased to meet you.”

Escapade – An act or incident involving excitement, daring, or adventure.

Finistere – Element which has reached the limits of its expansion.

Flintlock – An old-fashioned type of gun fired by a spark from a flint.

Forestay – A stay leading forward and down to support a ship’s foremast.

Fortuna Bay – Fortuna was the goddess of fortune and personification of luck in Roman religion and was represented as veiled and blind, as in modern depictions of Justice, and came to represent life’s capriciousness.

Grenadine – A thin fabric of leno weave in silk, nylon, rayon, or wool. Presently, a syrup made from pomegranate juice.

Gun Cay – Where the Lighthouse is located less than 10 miles south of Bimini.

Gunwale – The upper edge of the side of a boat or ship.

Gypsy – A nomadic or free-spirited person.

Halyard – A rope used for raising and lowering a sail, spar, flag, or yard on a sailing ship.

Hawksnest – The nest of a bird of prey OR a house located high on a hill or mountain.

Highland Mist – A Blended Scotch Whisky.

Isabella – A wine made from the fox grape. Also, Queen Isabella  of Castile whose marriage to Ferdinand of Aragon in 1469 marked the beginning of the modern state of Spain.

Isla Colon – Isla meaning Island in Spanish, Colon is a city of northern Panama at the Caribbean entrance to the Panama Canal.

Isla Pinta – Isla menaing Island in Spanish, Pinta was the fastest of the three ships used by Christopher Columbus in his first transatlantic voyage in 1492.

Jackfish – A pike or sauger, especially the northern pike.

Jacktar – It was a common English term used to refer to seamen of the Merchant or Royal Navy. By World War I the term was used as a nickname for those in the U.S. Navy.

Jibstay – In schooners, the stay to which jibs are hanked.

Jolly Roger – A pirate’s flag with a white skull and crossbones on a black background.

Keel  – The longitudinal structure along the centerline at the bottom of a vessel’s hull, on which the rest of the hull is built, in some vessels extended downward as a blade or ridge to increase stability.

Key Largo – The largest island of the Florida Keys.

King Phillip – [War] (1675–77) the first large-scale military action in the American colonies, pitting various Indian tribes against New England colonists and their Indian allies.

La Blanquilla – (N) A very small coin, A Californian fish, A white grape.

Laffite – Pirate Jean Lafitte: he and his brothers smuggled goods to local merchants through the La Barataria (See Barataria) berth on the Louisiana coast in the early 1800s, after the Embargo Act of 1807 barred such trades. Barataria was far from the U.S. naval base, and ships could easily smuggle in goods without being noticed by customs officials. Later, legend has it, he came to our own Packery Channel, as, when pursued, Lafitte’s shallow draft boats could escape into the knee-deep Laguna Madre where larger boats could not follow. Folklore says that he buried treasure here, right near the Port A jetties, and marked it with a golden dagger. 

Lafitte – See Laffite. Pirate Jean Lafitte and his elder brother, Pierre, spelled their last name Laffite, but English-language documents of the time used “Lafitte.”

Lanyard – A rope threaded through a pair of deadeyes, used to adjust the tension in the rigging of a sailing vessel.

Leeward – On or toward the side sheltered from the wind or toward which the wind is blowing; downwind (see opposite, Windward).

Longboat – A large boat that may be launched from a sailing ship.

Main Royal – [mast] Part of the mainmast situated immediately above, and generally formed as a single spar with, the main topgallantmast.

Man O War – An armed sailing ship.

Mingo Cay – An island of the United States Virgin Islands.

Mizzen – The mast aft of a ship’s mainmast.

Mutiny – An open rebellion against the proper authorities, especially by soldiers or sailors against their officers.

Nemo – In Oromo it means “The Man,” but in Latin, the same word means “Nobody.”

Palmira – A city of western Colombia southwest of Bogotá where coffee and tobacco are grown.

Palo Seco – In Spanish means “without anything else.”

Peseta – The basic monetary unit of Spain (until replaced by the euro).

Pionciana – A tropical tree with showy red or red and yellow flowers.

Playa Del Rey – Spanish for “Beach of the King.”

Port Royal – It is a city located at the end of the Palisadoes at the mouth of the Kingston Harbour, in southeastern Jamaica founded in 1518.

Portillo – It literally means “small port” from Latin portus.

Ports O Call – An intermediate port where ships customarily stop for supplies, repairs, or transshipment of cargo.

Primavera – The hard, light-colored timber of a Central American tree.

Punta Bonaire – In Spanish, Punta: point, Bonaire: an island in the E Netherlands Antilles.

Punta Espada – In Spanish, Punta: point, Espada: sword.

Quarterdeck – The part of a ship’s upper deck near the stern, traditionally reserved for officers.

Queen Johanna – She was Queen of Naples and Countess of Provence and Forcalquier from 1343 until her death. She also reigned as Princess of Achaea and claimed the crowns of Jerusalem and Sicily.

Reales – A unit of currency in Spain for several centuries after the mid-14th century.

Royal Fifth – An old royal tax that reserves to the monarch 20% of all precious metals and other commodities acquired by his subjects as war loot, found as treasure or extracted by mining.

Sabre – A heavy cavalry sword with a curved blade and a single cutting edge.

Salt Cay – The second largest of the Turks Islands.

San Felipe – A city in NE Venezuela, on the Orinoco River.

Skysail – A triangular sail set on a stay between the fore and main trucks of a racing schooner.

Tajamar – Spanish for the cutwater.

Tesoro – Spanish for the word treasure.

Three Fathoms Bank – Fathom: a unit of length in the old imperial and the U.S. customary systems, used especially for measuring the depth of water.

Topgallant – The section of a square-rigged sailing ship’s mast immediately above the topmast.

Topsail – A sail, or either of a pair of sails, set immediately above the lowermost sail of a mast and supported by a topmast.

Tortuga – Spanish for the animal Turtle.

Verdemar – Spanish for the color sea-green.

Vincent – From a Latin word meaning “conquering.”

Whitecap – A small wave with a foamy crest.

Windjammer – A merchant sailing ship.

Windward – The side or direction from which the wind is blowing.

Yardarm – The outer extremity of a ship’s yard.

Design Trends in 2021

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“This home is so ’70s.” How many times have we heard a home identified by a year based on its appearance and finishes? Well, 2021 will be no different, as fun and fresh designs are sure to be trending.

Outdoors, Indoors

Here on the Island, we practically live outdoors most of the year! Designs are beginning to recognize this. Homeowners are working on bringing the outside in with things like plants, and double doors, and also purchasing furniture that can be used both indoors and out. Create a fluid space where the indoor outdoor living concept is seamless.

Geometric Tiles

Tile backsplashes aren’t a new concept, but what we expect to see in 2021 are using the tiles to create more geometric patterns that feature fluid movement. New materials for this are coming onto the scene such as cement and wood. Whether it is a backsplash, an intricately patterned floor or a countertop, fluid geometry is eye-catching and coming in strong this year.

White Appliances

With so many homeowners going with the trending white cabinets, white appliances just blend right in. Also, many are becoming tired of the maintenance from the marks and handprints that are so evident and inevitable that show up on stainless steel appliances. Try Ice White from Whirlpool. Slate kitchen appliances can also bring a classic and modern look and are gaining momentum.

Metallics, Metals, and Minerals

All trends come back around, and the 1950s and 1970s are hot fashion trends in 2019, and this will also translate to the home. Gold and metallic finishes are exceedingly popular right now. Retro bling, shine, and polished geodes will rock your home (pun intended). Accessorize with oversized bowls of fools gold, big chunks of quartz, or even unpolished semi-precious stones turned into door pulls. Go au natural!

Chevron is Out

Herringbone, Chevron, Zig-Zag, the fun and often colorful pattern was so 2020. If you are still a fan of it, try putting it in easily removable ways, such as an area rug or throw blanket. Don’t stick it up on a large wall. Instead, try solid-colored, textured fabrics, or even animal hide is in!

Bye Brass

Brass hardware is one design element that almost immediately outdates a home. Hardware is one incredibly easy and inexpensive way to update! To replace brass hardware or other knobs, be sure to choose a size that will cover the “footprint” of whatever is currently installed. For 2021, try brushed or satin nickel hardware. Magic.

Fake Wall Treatments

Solids are back. 2021 interior design approaches emphasize authenticity. The prevalent use of natural materials (back to minerals, above) goes back to midcentury modern design. That means it may be time to get rid of the fake wall treatments such as Tuscan paint finishes and marbled columns. Use a solid paint! It’s chic, clean, and IN.

Padre Island Housing Report August 2019

Total housing sales through the MLS corrected upward in July after declines the previous two months. Despite the monthly jump, the sales pace shows signs of slowing. The Median List price is now $285,000.

Continued concerns about global economic growth and trade uncertainty pulled interest rates down for the ninth consecutive month. The Federal Home Loan Mortgage Corporations 30-year fixed-rate dropped below 3.8%. Refinance mortgage applications, which are more sensitive to interest rate fluctuations, have doubled since year end.

Days on the Market: July was approx 94 days. August approx 139 days.
Median List Price: July was $282,450 August approx $285,000
Closed Sales: July up 7.7% August down 18.3%

Coastline Properties has been on the Island since 1995. We strive to set the standard in our industry and inspire others by raising the bar on providing exception real estate knowledge and savvy!
Come Coast Awhile……right here!


Padre Island August 2019 Data (Click Pic below for PDF)


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North Padre Island Housing Report – March 2019

If you are looking to Purchase or List a home on Padre Island…Ask for the ONLY Padre Island EXPERTS!

Look at this!! The Median priced homes on Padre Island this past March have gone up 19.4% compared to March 2018! That’s good news! However, we are stilling having rain with the fronts moving through and the number of Active listings has fallen. People don’t want to list when it’s rainy and ugly out there AND people don’t want to buy when it’s rainy and ugly. Where’s the sunshine?

The active market in March were homes priced $200,000 to $399,999. The higher end homes seem to continue to sit. Maybe a showing here and a showing there – but sales in the higher end is extremely slow.

Come on Spring…we are ready for you!! ~Cheri Sperling

Our Coastline team lists and sells throughout the Texas Coastal Bend – but we Specialize and are considered the area Experts on Padre Island. When you think about Real Estate on Padre Island, everyone thinks about Coastline Properties. Come Coast Awhile….with us!!


Padre Island March 2019 Data (Click Pic below for PDF)


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North Padre Housing Report – February 2019

If you are looking to Purchase or List a home on Padre Island…Ask for the ONLY Padre Island EXPERTS!

Look at this!! The Median priced homes on Padre Island this past February have gone up 19.4% compared to February 2018! That’s good news! However, with all the rain and bad weather days we’ve had in January and February, the number of Active listings has fallen. People don’t want to list when it’s rainy and ugly out there AND people don’t want to buy when it’s rainy and ugly. Where’s the sunshine?

The active market in February were homes priced $200,000 to $399,999. The higher end homes seem to continue to sit. Maybe a showing here and a showing there – but sales in the higher end is extremely slow.

Come on sunshine…show us your rays!! ~Cheri Sperling

Our Coastline team lists and sells throughout the Texas Coastal Bend – but we Specialize and are considered the area Experts on Padre Island. When you think about Real Estate on Padre Island, everyone thinks about Coastline Properties. Come Coast Awhile….with us!!


Padre Island February 2019 Data (Click Pic below for PDF)


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Padre Island Housing Report – Dec. 2017

THE HOUSING MARKET IS SLOWLY BUT SURELY STARTING TO PICK UP IN THE NEW YEAR. WE ARE SEEING A LULL IN PRICING COMPARED TO LAST YEAR. THE DIFFERENCE IS THE SUPPLY AND DAYS ON MARKET ARE LOWER THAN PREVIOUS HIGHS, SHOWING AN UPWARD TREND IN BUYER DEMAND. LOTS OF NEW BUYER ACTIVITY IN THE THE 300K RANGE.  TAKE A LOOK AT THE STATISTICS ON WHAT’S HAPPENING HERE ON PADRE ISLAND.  CLICK ON THE PICTURE BELOW AND GET A FULL PDF TO PRINT OUT TO KEEP TRACK OF THIS DATA. LOOKING FORWARD TO HAPPY & HEALTHY 2018! GIVE US A CALL AND DISCUSS THE MANY OPPORTUNITIES TO OWN A PIECE OF COASTAL TEXAS! (361) 949-0101

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Schlitterbahn in Chapter 11 Bankruptcy Giving Partners Time

Schlitterbahn Riverpark and Resort Padre Island is in Chapter 11 Bankruptcy

Judge Craig Gargotta in the Western District of Texas ruled Tuesday morning in San Antonio to place the troubled park into reorganization and is set to appoint a trustee to oversee a reorganization plan which must be in place by December 4. If not, according to Gargotta’s ruling Axys Capital Credit which holds a lean against 270 acres surrounding the park will be allowed to foreclose on the property and sell it at auction on December 5. Axys had requested that the land be separated from an Involuntary Bankruptcy filing by companies owned by the Henry family, owners of Schlitterbahn waterparks so it could be sold immediately, that request was denied, but his decision to appoint a trustee was a move to push the partners, who have been at loggerheads for over a year, toward a resolution that will put the park on stable financial footing going forward.

Testimony at the four-day trial in San Antonio was that if Axys was allowed to foreclose on the land then the primary lender in the project IBC Bank could call a separate note for $28 million on the waterpark likely forcing it to close while new owners were sought. To avoid that outcome Gargotta gave the partners until the December 4 date to come up with a reorganization plan.

 At one point in the hearing in San Antonio, Gargotta asked Deborah Williamson, a lawyer for Gary Henry, if selling property would be the solution.

“At the end of the day, the only way this is going to work is if something is sold,” she answered. “And the park may be the one that is easier to sell. It may be easier to attract capital because it is an operating entity.”

The problems began when the builders of the park, Henry Brothers Construction, added on to the size of the building at the park from an original plan calling for less than thirty separate “treehouse” rooms to the current 92-room facility which increased the cost of the development from the original $28 million to over $58 million forcing the owners, Upper Padre Partners to raise an additional capital leading to the borrowing of $18 million from Axys using the land as collateral.

According to court filings from Axys attorneys, “Cash flow from the Debter (UPP) operations is insufficient to repay obligations on any reasonable, confirmable basis. The Henrys control the management of the Debtor’s general partner and, as a result, the Debtor. For all practical purposes, the Debtor has a dysfunctional management and is incapable of effective operations.”

Garotta’s solution was to appoint a trustee to work with the partners and find a long-term solution.

The trustee, yet to be named, along with the Henry family who own two-thirds of the park, and developer Paul Schexnailder whose company owns one-third, must now decide whether to sell some or all of the interest in the park and surrounding land or find an investor or lender to provide about an estimated $10 million to bring the park up to the original design specifications.

Schexnailder said after the hearing that while the park is an integral part of a 500 acre, 552 acre development it is not the main focus of the project.

“This is a project much bigger than just a waterpark,” he said. “The park is part of something much bigger and that project is continuing.”

He was referring to a planned 3600 foot Beach Walk development with retail and commercial elements which would connect the current canal system to Lake Padre and the Gulf of Mexico through the planned Water Exchange Bridge under SPID. The canals to each side of the bridge site are dug and bulkheads in place on the Lake Padre side. However, work to excavate the canal to connect with the existing canal near Cruiser Street near Whitecap was halted Wednesday by order of the City of Corpus Christi over permitting issues.

The Chapter 11 ruling is not expected to have an impact on park operations as plans call for the waterpark to close during the winter season, as it has in previous years, and re-open in the spring.

“The judge understood that this park is important to the future of The Island,” Schexnailder said, “and this ruling allows us to keep it operating as we look for a long term solution.”

Article from Dale Rankin – IslandMoon

Padre Island Housing Report – July 2017

THE HOUSING MARKET IS SHOWING GREAT PROMISE WITH MANY NEW LISTINGS, AS WE ARE IN THE DOG DAYS OF SUMMER 2017.  TAKE A LOOK AT THE STATISTICS ON WHAT’S HAPPENING HERE ON PADRE ISLAND IN CORPUS CHRISTI, TX.  CLICK ON THE PICTURE BELOW AND GET A FULL PDF TO PRINT OUT TO KEEP TRACK OF THIS DATA. LOOKING FORWARD TO A GREAT 3rd QUARTER OF THE YEAR, GIVE US A CALL AND DISCUSS THE MANY OPPORTUNITIES TO OWN A PIECE OF COASTAL TEXAS! (361) 949-0101

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Padre Island Housing Report – April 2017

THE HOUSING MARKET CONTINUES TO BE HEATING UP AS WE MOVE INTO SUMMER TIME OF 2017, THE HOTTEST TIME OF THE YEAR.  TAKE A LOOK AT THE STATISTICS ON WHAT’S HAPPENING HERE ON PADRE ISLAND IN CORPUS CHRISTI, TX.  CLICK ON THE PICTURE BELOW AND GET A FULL PDF TO PRINT OUT TO KEEP TRACK OF THIS DATA.  LOOKING FORWARD TO AN EVEN MORE EXCITING SUMMER AHEAD, GIVE US A CALL AND DISCUSS THE MANY OPPORTUNITIES TO OWN A PIECE OF COASTAL TEXAS! (361) 949-0101

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North Padre Island Housing Report – February 2017

THE HOUSING MARKET CONTINUES TO BE HEATING UP AS WE MOVE INTO SPRING OF 2017.  TAKE A LOOK AT THE STATISTICS ON WHAT’S HAPPENING HERE ON PADRE ISLAND IN CORPUS CHRISTI, TX.  CLICK ON THE PICTURE BELOW AND GET A FULL PDF TO PRINT OUT TO KEEP TRACK OF THIS DATA.  LOOKING FORWARD TO AN EVEN MORE EXCITING SUMMER AHEAD, GIVE US A CALL AND DISCUSS THE MANY OPPORTUNITIES TO OWN A PIECE OF COASTAL TEXAS! (361) 949-0101

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6 New Years Resolutions For Buyers/Sellers

new-years-day-smallHere is our top 6 tips for the New Year

  1. Eliminate & Simplify Your Home – Buyers out there are saving for their spring purchase,  but why not start your efforts in January? This is an especially great time after the heaps of gifts that they have received. Plus, if they plan to sell your home, it will make selling the house and moving that much easier. It’s simple just start small and go room by room, designating areas for donations, things to be fixed and things to sell. The sooner you start, the better you’ll feel!
  2. Make Your Home Safter – Do you have kids (even if they don’t!), then making your home safer all around is a great resolution to make. Commit to a regular safety maintenance schedule by checking smoke and carbon monoxide alarms monthly, ensuring you have fire extinguishers and preparing the family for emergencies such as weather disasters and fire. Always replenish emergency kits, bottled water and non-perishable food items throughout the year, too.
  3. Make Your Home Smarter – Yep, that’s right!  You may have just missed the boat on making your home safe when they bought your home, but it’s never too late. Some ways to make homes “smarter”? Smart home hubs like Amazon Echo, security video monitors like Ring and smart thermostats like Nest, and even smart plugs and bulbs to bring your home into the 21st century.
  4. Consider Refinancing – Maybe its time to decrease your payments or lock in a low fixed mortgage rate through refinancing. Shopping around for the best rates is a great way to find one the lowest one that works for you and will make your wallet feel a lot better come 2018.
  5. Get a Green Thumb – No, not go out and garden although an argument could be made for that as well. Change your light bulbs to energy-efficient LED ones. This will also help you save money. Another way to be greener is to clean the house with reusable cloths or old, clean rags versus wasteful paper towels (however, use good judgement for especially dirty messes).
  6. Do Something to Help Someone – Yes, it is 2017… the election is over and we are still all just human beings.  We must let go of the past no matter what side of the fence we sit and come together as a nation more than ever now.  If all else fails and you can’t find anything you could do to help your fellow man, than for goodness sakes just smile a ton.  Your mind will come around sooner or later!

Share these five tips with your friends and family and help them be better homeowners and prepared sellers when the time comes!

Happy New Year from your Coastline Properties Family!

Padre Island Housing Report – September 2016

THE HOUSING MARKET CONTINUES TO BOOM IN OUR NECK OF THE WOODS.  TAKE A LOOK AT THE STATISTICS ON WHAT’S HAPPENING HERE ON PADRE ISLAND IN CORPUS CHRISTI, TX.  CLICK ON THE PICTURE BELOW AND GET A FULL PDF TO PRINT OUT TO KEEP TRACK OF THIS DATA.  THE SUMMER IS OVER NOW AND WE ARE HEADING INTO THE HOLIDAYS, GIVE US A CALL AND DISCUSS THE MANY OPPORTUNITIES TO OWN A PIECE OF COASTAL TEXAS! (361) 949-0101

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Water Culverts Lead to Padre Island Bridge Concept

Do you want to know how it all got started?  Here on North Padre Island there is a lot of dirt moving around and lots of new folks would like to know the story behind the story.  Well, what started out as a water quality upgrade for our canal systems has turned into the largest development project we have ever seen.  This is bigger that Schlitterbahn folks, take a look at the article below for a nice summary from the words of the developer.

Exerpt:

When the Army Corps of Engineers deemed a new water exchange between Padre Island, Texas, and an old canal system was necessary, the city of Corpus Christi and private developers could have simply gone with culverts. That would have satisfied the need for a water exchange to improve water quality issues.

But as talks opened about the requirement for the water exchange, the potential and its impacts became increasingly obvious. Now, instead of a simple culvert, there will be an open canal, two bridges and a pedestrian walk, the impact of which should benefit the area in numerous ways.
“The developer suggested the bridge and relocating so it could be elevated and boat traffic could come through,” said Chip Urban, a principal with Urban Engineering, consultant to the city of Corpus Christi for the project. “The Coast Guard liked it because they would have faster response time to the back of the canal. It is going to be an economic driver that helps development. It will also help people come to the island and get out of their cars and stay out and spend time on the island. It will allow traffic on both sides. In the past, there was traffic on only one side. Elevating the bridge and allowing pedestrians underneath is just much more resort friendly.”  READ MORE

Paddle For Parkinson’s Sept. 3, 2016

We are thrilled to once again be a sponsor for the “Paddle for Parkinson’s – Catch the Cure” Races here on North Padre Island Saturday, September 3 2016.  This is our 3rd year sponsoring this event and it is sure to be a great day for all participants and attendees. Last year many of our realtors & family members placed either first or second in several events particularly in the “Kayak Competition”.  Come out for a great day and participate and give to such a great cause!

GO TO their website at www.CatchtheCure.org
 

Padre Island Housing Report June 2016

The Housing Market is Hot,Hot, Hot right now.  Take a look at the statistics on what’s happening here on Padre Island in Corpus Christi, TX.  Click on the Picture below and get a full PDF to print out to keep track of this data.  The summer is going by fast, give us a call and discuss the many opportunities to own a piece of coastal Texas! (361) 949-0101

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North Padre Island Canal Construction Underway

KiiiTV.com South Texas, Corpus Christi, Coastal Bend

KIIITv has recently reported on all the dirt moving around on the east side of Park Road 22. If you live in the area you have no doubt noticed all the heavy equipment moving sand on the Gulf side of Park Road 22. It is all connected to the Riverwalk-style development that is soon to be going up there and the planned bridge over Park Road 22.  Lots of excitement Developing here on North Padre Island, as the “Upper Padre” Development project is well underway.

Colleen McIntyre will not seek reelection

District 4 City Councilwoman Colleen McIntyre said Monday she has decided this will be her last term as a Corpus Christi City Council member.

McIntyre has accepted a position as the director of Seashore Middle School and as the superintendent of Seashore Charter Schools on Padre Island.

McIntyre told KRIS 6 News her new position makes it difficult to put in the time and effort to serve on City Council.

She has served for two terms.

“Being with all of the different groups in the community. Being able to help with… whether it’s code enforcement, animal control, zoning cases, all the different things that I’ve dealt with in the areas of the district I’ll miss that a lot,” said McIntyre.

Her term will end in November. via Kristv.com

We want to personally thank Ms. Colleen McIntyre of her dedication to city council over the past 2 terms. We truly have enjoyed her keeping an eye on padre island interests and much of the work she has completed and set into motion during her term. You will be missed, and we are excited for your new position to lead Seashore Middle Academy forward into an even more successful future. Thank you again for your service in our city government, we feel blessed to know you! ~Coastline Properties

PREPPING YOUR HOME FOR A SPRING SALE

Sell-a-home-in-the-spring

Spring cleaning isn’t the only thing many people do in April here in South Texas – it’s also the beginning of the popular time of year to sell property! If you’re considering listing your home this Spring, my guess is that you want to sell quickly and get top dollar. Right? Well now that the sun is shining and the checkbooks are coming out of hibernation, consider these steps!

  1. Shop around. For an agent that is! A size 9 shoe will fit no matter which store it’s from, but not every agent will be the right fit for you. There are many options…many GOOD options. Ask questions that are important to you (do they host open houses, do they market their listings, do they provide feedback and advice). Find the agent whose vision matches yours.
  2. Price it right. This sounds like an obvious suggestion, but an overpriced home may not sell as quickly as one that is priced right. Sometimes the longer a home sits, the more buyers may wonder “what’s wrong with it?” A well-priced home is more likely to move, get multiple offers, get the sales price both seller and buyer desire.
  3. De-Personalize. When a buyer steps into your home, you want them to envision their own life there. As beautiful as your family portraits are, it may make it harder for a buyer to visualize – this goes hand in hand with STAGING. If a room is designed as an office but you use it as your exercise room, do your best to turn it back into an office.
  4. The heart of the home – it’s most likely the most important room for the majority of buyers. Anything you can do to upgrade or stage your kitchen will be beneficial.
  5. Mow! Or…rake your rock garden, or do whatever maintaining needs to be done to grab positive attention at the curb. Curb appeal is like the book cover – you don’t want buyers to not even open the door because the exterior is unappealing.
  6. Make your house shine, sparkle, smell of roses (or sugar cookies or bahama breeze or whatever lights your wick). There’s no bigger turnoff than a home that hasn’t been sustained. This is especially important if you have pets. Love the fur babies, but don’t want to smell them!
  7. All clutter and valuables. Any extra “stuff” lying around is distracting, and valuables are even more so! Clean out your closets, jewelry boxes, china cabinets, knick knacks, collectibles, etc. and stick it in a storage unit. It’ll make moving easier when that time comes, anyway!
  8. Lighten up! Your home is bigger, happier and brighter when blinds are open and all bulbs are working. Quickly changing out your burnt bulbs is probably the fastest task with the largest reward. Unlike your dancing partner at the nightclub, a home is prettier in the light!
  9. They will be opened. Not because buyers are snoopers, but because buyers like to see storage spaces. Best to tidy up those drawers, organize your pots and pans, alphabetize your spices. Ok, you don’t have to go THAT far, but you get the idea.
  10. Selling your home/memory keeper/safe haven, can be an emotional challenge. Start the detachment early! Think happy thoughts of your next journey, your next sanctuary. So when that offer does come in, you’re ready and it’s more about business than attachments.

 

 

Construction Resumes on Schlitterbahn Corpus Christi

sclitterlove

Exciting News going on over at Schlitterville.  Progress continues after partnership negotiations have concluded.

KIII News Video
KiiiTV.com South Texas, Corpus Christi, Coastal Bend

Dale Rankin – “Work at the moribund Schlitterbahn Upper Padre waterpark is kicking back into high gear after a refinancing of the 75-acre waterpark and resort went into slowdown in the middle of 2015 due to a redesign of the project which doubled its size.
“We are fully funded and getting back to work,” Project Manager and part-owner Jeff Henry said from his crowded and cluttered office on the site on Tuesday. “ Our self-imposed goal is to have the waterpark finished in 70 days.”
As part of the new deal local businessman Willard Hammonds sold his one-third interest in the project to the Henry family, who own the Schlitterbahn chain and will now own a 67% interest in the local park, with the remainder continuing under the ownership of a group formed by Developer Paul Schexnailder. Estimated cost of the park at the beginning of construction was set at around $50 million, while park officials would not give a final figure for the cost of the park, sources place the number between $75 million and $100,000 million, depending on further changes in the design.
“We will concentrate first on getting park finished,” Henry said, “Our goal is to have the entire park ready to open by Memorial Day.”
But Henry said that while his goal is to have the entire park ready to open this summer, it will be actually be operated under a “brown out” system, in which portions will be opened to the public while others may remain closed.
“When we increased the size of the park,” Henry said, “it now will take 8000 people to fill it up and there is not enough time to do the advertising and planning for that many people this summer, and there is not enough time to hire the staff.”
Checks began going out this week to contractors who were owed back fees, and hiring for the project has now begun.
“We have about 1000 yards of concrete left to pour,” Henry said. “In spite of how it may look we don’t really have that much left to do.”
He said the first priorities will be the Downhill River, an 8000-linear foot waterway that will convey park visitors from one ride to the next, along with the Flow Rider feature which produces a standing wave. He said work on the 90-room hotel at the site will have to wait, however the exterior of the building is expected to be finished by the end of September to meet the deadlines set for $117 million in tax incentives from the City of Corpus Christi.
“We can’t there this summer on the hotel,” he said. “We will have the first floor and possibly the second floor open this summer.”
The fourth floor of the building has been redesigned to include a music venue large enough for about one thousand people.
As a side note, the machinations of building the park and the re-financing have all been captured on camera by the Travel Channel which has scheduled a special on Henry and the project for July 1.
“We still have some surprises in store,” Henry said. “But we are back on track and back to work. When we are finished this is going to be a great park.”

THE TRUTH ABOUT FORECLOSURE AUCTIONS

foreclosures

Foreclosures: There’s something about them that makes ears perk up. A “good deal” is hard to ignore…but what are the foreclosure auctions all about? Here are some tips and tricks if you ever find yourself with a paddle in your hand, bidding on your very own foreclosure.

1. Bring the funds with you. This must be in the form of cash or a cashier’s check

No personal checks, pre-approval letter, or your mom’s famous coffee cake. These simply won’t cut it.

Because you pay directly on the spot upon winning, you don’t want to overpay as it will take approximately 30 days to get that refund. Instead, if you’re coming with a cashier’s check, come with multiple denominations so that you can add them together to create the appropriate amount. Also, have them made out to you so you can deposit the left over checks back into your bank account. If you win, you simply sign them over.

If, however, you are in an auction online, you have a bit longer to come up with the funds.

*Some companies charge a percentage of the final sales price as a buyer’s fee. Be sure to ask about this, or read the fine print.

2. Do your research: Foreclosures are sold “AS IS, WHERE IS, NO PROMISE OF ANYTHING.”

There is no guarantee of a clear title, functioning plumbing, electrical, structural issues, etc. You must do your due diligence to make sure you know what you may be purchasing. Liens on properties are public record and can be found online or at the local courthouse.

3. Opening bid does not necessarily mean you can get the property at that price.

This number is normally set by the foreclosing lender, and is usually the estimated loan amount owed to the lender. Sometimes, the opening bid is simply an estimated minimum by law that includes only taxes delinquent on the date of judgment, or a number that the creditor believes will spark interest. This minimum bid can be just a tool to get the bidding ball rolling  – but if the bids do not reach the creditors bottom line, then the property will not sell and will go back to the creditor to do with it what they choose.

4. Purchasing an occupied foreclosure.

If the homeowner does not vacate the property after the foreclosure sale, you as the new owner, must give them a formal notice to move out. If they do not, you have the right to bring on an eviction lawsuit. If the person occupying the property is a tenant of the former owner, a different form of action must be taken. There are certain laws that actually protect these types of tenants. It all comes back to doing your research before you purchase so you know what you’re getting yourself into.

5. If you’re the one bidding, you’re the one buying.

There is an exception: By signing a Power of Attorney, you may appoint a representative to bid for you. Sometimes, auction companies may offer live remote bidding by telephone through an auction representative or has live Internet bidding capabilities. There are options if you are unable to attend an auction.

6. If the auction begins at 10, be there before 10., the first Tuesday of every month, at the county courthouse.

Auctions in Texas are the first Tuesday of every month, on the south side of the County Courthouse. The auction may only last 10 minutes total, so be timely, or you may miss the whole thing!

With that said, Texas law requires a three hour window from the time given on the auction notice and when the auction actually happens.

 

If Corpus Christi foreclosures are something that interest you, final words of advice would be: Save your money, do your research, and don’t be late! Happy bidding!

WHAT YOU SHOULD KNOW ABOUT HOME APPRAISALS!

homeappraisals

Appraisals are a key component to every real estate transaction, with the exception of an all-cash transaction. Whether it’s a property using a mortgage, refinancing an existing mortgage, or selling property, the appraisal matters. But how does the appraisal work and how is it determined? Whether you’re a buyer, owner or seller, the following are important points to understand.

 

Appraisal Definition

The act of judging the value of something by an unbiased professional.

Why Appraise?

Most often, an appraisal is ordered for use in a sales transaction. The appraised value is used to determine whether the property’s contract price is appropriate given its condition, size, location and special features. In a refinance situation, the appraisal serves as a guarantee to the lender that they won’t be loaning more than the property is worth.

Why Do Lenders Care?

For mortgage companies, the property serves as collateral if the borrower defaults on their loan. That is why it is important for lenders to ensure that homeowners are not over-borrowing for a property: If foreclosure occurs, the lender can likely recoup the money it lent by selling the home.

How Appraisal Values Are Determined

Because the appraisal primarily protects the lender, they are normally the ones to order the appraisal. It’s important to note that an appraisal must be made by a qualified and licensed appraiser; someone who has no direct or indirect interest in the transaction and who is familiar with the area.

Once the lender has ordered the appraisal with a recognized appraiser, they will not only visit the property and conduct a thorough visual inspection, but they’ll also compare recent sales of similar properties. Factors that may influence the value will be some of the home’s amenities, number of bedrooms and bathrooms, floor plan functionality and square footage. The appraiser may also note any conditions that adversely affect the property’s value and, if necessary, may request repairs to fulfill the loan.
The appraiser then provides a report with the appraisal value, which includes an analysis and conclusions about the property’s value based on his or her observations. The appraiser’s detailed report costs several hundred dollars, and typically, the buyer/borrower is responsible for paying this fee.

Knowledge For Buyers

If the appraisal comes in at or above the sales price on your contract, the transaction proceeds as planned. However, if the appraisal comes in low, it can derail the transaction. If the seller is willing to come down in price to the appraised value, you’re back on track. After all, you both have the same goal: Get the property to close! But if the seller will not come down, you may consider negotiating to meet somewhere in the middle, or even terminating the contract altogether. Because the lender will not loan over the appraised value, it keeps buyers from overpaying.

Knowledge For Sellers

If the appraisal comes in low, but is accurate, you will likely have to lower your property’s sale price to allow the transaction to move forward toward closing. As we already know, lenders won’t approve loans for more than a home is worth, and holding out for an all-cash buyer is a risky move and possibly improbable.
If you think that your property’s appraisal has been incorrectly valued or it has been dragged down by the sales prices of nearby foreclosures and short sales, you have options.  Depending on the type of loan, you may be given the opportunity to convince the appraiser that your home is worth more. If a low appraisal is standing in your way, consider getting a second opinion. Appraisers are only humans after all, and can and do sometimes make mistakes and/or have faulty or incomplete information.

Knowledge For Refinancing Homeowners

Your property needs to appraise at or above the amount you want to refinance for your loan to be approved if you have a conventional mortgage. On the contrary, if you have an FHA mortgage, you can refinance through the FHA Streamline program without an appraisal.

Crux

Even though the appraisal is just one of the dozens of moving parts that must get ticked off on the loan-closing checklist, it is a critical player. Know what it means for you in the role you play in the transaction. Don’t be afraid of the dreaded appraisal…Knowledge is power!

New Restaurant “Island Time Sushi” gets rave reviews!

 

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Who loves sushi? Have you tried the new sushi restaurant on the Island yet? If not, get over there!

Island Time Sushi has a great atmosphere, friendly staff and amazing food! The sushi is fresh and FUN…plus they offer many cooked options as well! Try the Chargrilled Steak or Grilled Salmon then add a side of Jalapeno Bacon Mac&Cheese.

My favorite rolls were the Shaggy Dog and the Rattlesnake Roll shown in the photo. The Spicy Poke and Creamy Seaweed Salad were the perfect starters!

Support our Island! Eat Local!

You can find their info here: http://www.facebook.com/IslandTimeSushi

Schlitterbahn Corpus Christi to Fully Open Spring Break 2015!

schlitterblaster

CORPUS CHRISTI – It’s only partially opened, but Schlitterbahn Corpus Christi was a popular spot on Labor Day.

The Island resort is considered about one-third complete with construction ongoing daily. The park was open Monday with a newly operational Momentum River, but it didn’t see the crowd the owner had hoped for in its first Labor Day holiday.

“Attendance has been slow, although good,” said Schlitterbahn CEO Jeff Henry. “Because the park isn’t finished and because it doesn’t look finished and there aren’t as many attractions open as we’d like to have open, we’re pleased with the attendance that we’ve had.”

Henry said the Veranda restaurant is doing well and visitors are enjoying the parts of the park that are available.

“We’ve got about a little over a third of the park, about 3,500 person capacity, open and operating today. Got a river system open and operating, a hot tub open and operating, two childrens pools open and operating, a river ride open an operating,” said Henry.

The park was initially touted to open by summer 2014. While it did open, it wasn’t to the extent that people were expecting.

The question now is, when will Schlitterbahn Corpus Christi be completely ready?

“We will open March 1, 2015, with the park completely finished,” said Henry, “All 90 hotel rooms, all three restaurants, all the concessions, and all of the rides, and we’ll be ready to go next year at Spring Break.”

Click here for Schlitterbahn ticket information.

via KrisTV.com

The Dawn of Schlitterbahn Corpus Christi

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From sunrise to sunset, the new water park gracing the Upper Padre Island skyline is creating big waves with the Torrent Wave River and Boogie Bahn surfing on the horizon, two signature attractions that are in the works to be completed in the next couple of weeks.

But most importantly, what tempting enchantments await you NOW? Lil’ Skipper’s Cove Kiddie Pool and Bob’s Cabana Bay Swim-Up Bar along with concessions were ready for swimmers and drinkers alike on the soft opening June 21, 2014. Since then, Schlitterbahn has welcomed approximately 300 new members, and just last week the park opened up to the public for $10/person. Now members and the public alike can bask in Schlitterbahn glory from 10 am – 8 pm daily.

But this is nothin’ compared to what is to take shape over the coming months. What do we have to look forward to?

Colette Rye, Marketing Director, has briefed me on what’s to come over the coming weeks. The front part of the park will open next, which will include:

  • A tasty new restaurant, The Veranda Restaurant and Bar, which will be a full service Seafood and Mexican restaurant in the clubhouse
  • A retail space for souvenirs, also in the clubhouse
  • A river system
  • Kids play area
  • Two volleyball courts
  • Another swim-up bar
  • A wavepool
  • Amphitheater (no concerts yet planned)

Slightly further in the future, Schlitterbahn will see:

  • Master Blaster Rollercoaster
  • A fine dining private restaurant (yet to be named) tentatively located on the 4th floor of the clubhouse (open to members only)
  • A barge called the “Jubilee,” which is a casino boat brought from Louisiana (not to operate here as casino boat), will be equipped with hotel rooms (likely won’t open until next season)

Think you want to be a part of this booming park? Caitlin Grant, Operations Dispatch, says you’re in luck…they’re hiring! Tuesday, July 22 and Wednesday July 23 from 1 pm – 6 pm, the park is hosting a job fair to hire staff for The Veranda Restaurant and Bar. Come to the front of the main building, bring 2 forms of ID, and apply online to save you time. Be prepared for on-site interviews and even on the spot hiring!! Don’t have a food handler’s permit? Don’t worry about it! They will have an onsite course for that.

For additional job opportunities, visit: http://schlitterbahn.com/corpus-christi/jobs

Stay tuned for more information as it becomes available. And don’t miss out on the suntan and family fun to be had while the summer (and your inner child) is still young!

 

Schlitterbahn Upper Padre Opens for a Preview

Club members Get a Preview Of Schlitterbahn Park

CORPUS CHRISTI – The soft opening of Schlitterbahn Upper Padre officially took place on Saturday at 10am. The park is not open to the public just yet, but it was a great time for the families that enjoyed the fun.

This opening was a private affair, mainly for members of the nearby Padre Isles Country Club and their families, as well as local distributors and suppliers.

Everyone was given a guided tour around the Schlitterbaun Beach Country Resort, to see for themselves the attractions that are complete, as well as some that are still in the works.

Stay Tuned as the Grand Opening to the Public will be announced Soon!

 

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