3,366 Sq. Ft.
$563 / Sq. Ft.
3,366
Sq. Ft.
$563
per Sq. Ft.

Description

Open canal views! Huge lot! Two living spaces! Large square footage! Welcome to 488 Margo Lane! Located in the coveted canal neighborhood of Island Moorings, this ICONIC 5-bedroom 4 bath home offers SO MANY unique and desired qualities! Starting upstairs, the inverted floor plan hosting an open kitchen/living/dining space with cozy fireplace lives beautifully. Outside, the complete wrap around balcony extends the living space and offers stunning OPEN CANAL VIEWS! Upstairs is complete with a spacious...Open canal views! Huge lot! Two living spaces! Large square footage! Welcome to 488 Margo Lane! Located in the coveted canal neighborhood of Island Moorings, this ICONIC 5-bedroom 4 bath home offers SO MANY unique and desired qualities! Starting upstairs, the inverted floor plan hosting an open kitchen/living/dining space with cozy fireplace lives beautifully. Outside, the complete wrap around balcony extends the living space and offers stunning OPEN CANAL VIEWS! Upstairs is complete with a spacious master suite, king guest bedroom, flexible study/bedroom, full bath and designated laundry room. Downstairs offers 2 guest bedrooms with king beds and en-suite bathrooms. A second family room entertains beautifully. Imagine grilling diner in the backyard and enjoying a family meal while taking in the great views! The updated dock space offers 2 boat slips with lifts. Unique to Port Aransas real estate, this property sits on a HUGE LOT! Extending down Bayside and fronting Margo Lane, there is plenty of room to add a pool, guest house or both! Offering a 3 car drive through garage, ample parking and plenty of storage this home would make a lovely primary residence or fabulous second home. Make your island dreams come true at 488 Margo Lane!
  1. Listed by Ryan Richter • TREC #0635792 • Tarpon Realty

Property Details for 488 Margo Lane

Parking Features
Concrete, FrontEntry, Garage, RearSideOffStreet
Parking Total
6.00
Stories
2
Subdivision Name
Mustang Beach
View
Water
Waterfront
Yes
Waterfront Features
Channel, BoatRampLiftAccess, CanalAccess
LISTING UPDATED: 11/05/2025 12:46 PM

Property Details for 488 Margo Lane

StatusActive
MLS #467366
Days on Market104
Taxes-
HOA Fees$500 / year
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Detached
Year Built1998
Lot Size0.41 AC / 17,859 SF
CountyNueces County

Location

Listing Courtesy of Tarpon Realty
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Building Information for 488 Margo Lane

Stories2Year Built1998Building Size-Lot Size0.41 AC / 17,859 SF

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$11,161 per month

30 year fixed, 6.15% Interest

Principal and Interest

$9,236

Property Taxes

$1,883

HOA Dues

$42

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Property Information for 488 Margo Lane

Summary
Location and General Information
  • City: Port Aransas
  • County Or Parish: Nueces
  • State Or Province: TX
  • Postal Code: 78373
Taxes and HOA Information
  • Parcel Number: 547400010060
  • Association Fee: $500.00
  • Association Fee Frequency: Annually
  • Association Fee Includes: Other
  • Association: Yes
  • Tax Block: 1
  • Tax Legal Description: MUSTANG BEACH UNIT 2 BLK 1 LOT 6
  • Tax Lot: 6
School Information
  • Elementary School: Olsen
  • Elementary School District: Port Aransas ISD
  • High School: Port Aransas
  • High School District: Port Aransas ISD
  • Middle Or Junior School: Brundrett
  • Middle Or Junior School District: Port Aransas ISD
Parking
  • Covered Spaces: 3.00
  • Garage Spaces: 3.00
  • Garage: Yes
Virtual Tour
Property
Lot Information
  • Building Area Source: Appraiser
  • Building Area Total: 3366.0
  • Living Area: 3366.0
  • Living Area Source: Appraiser
  • Lot Features: CornerLot, Landscaped
  • Lot Size Acres: 0.41
  • Lot Size Area: 18025.0
  • Lot Size Square Feet: 18025.0
Property and Assessments
  • Documents Available: Aerial
  • Property Attached: No
  • Year Built: 1998
  • Property Sub Type: Detached
  • Property SubType Additional: Detached
  • Property Type: Residential
  • Construction Materials: HardiplankType
Utilities
  • Utilities: MunicipalUtilities
Interior and Exterior Features
Exterior Features
  • Association Amenities: Other
  • Exterior Features: BoatLift, Deck, Dock, DogRun, SprinklerIrrigation
  • Fencing: Wood
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Deck, Patio
  • Pool Features: None
  • Roof: Shingle
  • View: Yes
Interior Features
  • Appliances: Dishwasher, ElectricCooktop, Refrigerator, Dryer, Washer
  • Cooling: Yes
  • Cooling: CentralAir
  • Fireplace: Yes
  • Fireplace Features: WoodBurning
  • Flooring: Tile
  • Interior Features: OpenFloorplan, BreakfastBar
  • Levels: Two
  • Stories Total: 2
  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total: 4
  • Bedrooms Total: 5
Mobile Home
Mobile/Manufactured Home
  • Human Modified: Yes

Property History for 488 Margo Lane

DateEvent & SourcePriceAppreciation
Nov 4, 2025

Listed (Active)

South Texas MLS #467366

$1,895,000
Sep 24, 2025

Withdrawn

South Texas MLS #460190

Jun 6, 2025

Price Change

South Texas MLS #460190

$1,995,000
Jun 6, 2025

Listed (Active)

South Texas MLS #460190

$1,195,000
Mar 17, 2021

Sold

South Texas MLS #377854

Mar 2, 2021

Pending

South Texas MLS #377854

Feb 14, 2021

Listed (Active)

South Texas MLS #377854

$1,395,000
Nov 9, 2019

Withdrawn

South Texas MLS #336030

Oct 16, 2018

Listed (Active)

South Texas MLS #336030

$1,695,000
Oct 16, 2018

Listed (Active)

CCARMLS #336030

$1,695,000
DateEvent & SourcePrice
11/04/2025

Listed (Active)

South Texas MLS #467366

$1,895,000
09/24/2025

Withdrawn

South Texas MLS #460190

06/06/2025

Price Change

South Texas MLS #460190

$1,995,000
06/06/2025

Listed (Active)

South Texas MLS #460190

$1,195,000
03/17/2021

Sold

South Texas MLS #377854

03/02/2021

Pending

South Texas MLS #377854

02/14/2021

Listed (Active)

South Texas MLS #377854

$1,395,000
11/09/2019

Withdrawn

South Texas MLS #336030

10/16/2018

Listed (Active)

South Texas MLS #336030

$1,695,000
10/16/2018

Listed (Active)

CCARMLS #336030

$1,695,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 488 Margo Lane

Taxable ValueLand$1,108,415Additions$458,383Total$1,566,798
Tax Record2024$22,599 ($1,883 / month)
Home Facts
Beds0Total Finished SqFt3,366 SqFtAbove Grade Finished SqFt3,366 SqFtStories2Lot Size18,034 SqFtStyleSingle Family ResidenceYear Built1998ZoningRESCountyNUECESAPN5474-0001-0060

Schools near 488 Margo Lane

This home is within Port Aransas Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Olsen Elementary School
PublicPK to 5

Brundrett Middle School
Public6 to 8

Port Aransas High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

488 Margo Lane is a single family home for sale in Port Aransas, TX 78373. This property was listed for sale on November 5, 2025 by Tarpon Realty, it's currently listed at $1,895,000. It has been on the market for a total of 104 days and was last sold on March 17, 2021. This listing's school district is Port Aransas Independent School District. Nearby schools include Olsen Elementary School, Brundrett Middle School and Port Aransas High School. 488 Margo Lane is a 5-bed, 4-bath, 3,366 sqft single family home built in 1998.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Tarpon Realty

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.