CALLING ALL INVESTORS! This property offers a high cap rate and far exceeds the 1% rule. CASH ONLY. The condo is currently rented at $1,200 per month, generating immediate cash flow, and tenants will remain with the sale. Located in Mandeville, this affordable 2-bedroom, 1.5-bath condo features a new roof installed after Hurricane Ida and an HVAC system replaced in 2020. Just 1 minute to the Causeway and 5 minutes to I-12, with access to Mandeville schools. Enjoy a wood-burning fireplace, bar-top seating in a cozy kitchen, a half bath on the main floor, and two bedrooms with a shared bathroom upstairs. The unit has all ceramic tile flooring throughout the first floor. Nearby amenities include Tammany Trace, Mandeville Trailhead, Sunset Point, and the lakefront—all a short bike ride away. The condo also offers a fenced-in patio and assigned parking. Condo fees cover water, garbage, exterior property insurance, common area maintenance, flood insurance, and termite coverage. Don’t miss this great investment opportunity! Free 1yr interest rate buydown and no lender refinance fees for qualified buyers when using Envoy Mortgage.
Active
Price cut: $4K (8/15)
$95,000
181 Sandra Del Mar Dr #181, Mandeville, LA 70448
2beds
1,150sqft
Est.:
Condominium
Built in 2000
-- sqft lot
$-- Zestimate®
$83/sqft
$300/mo HOA
What's special
Assigned parkingFenced-in patioCeramic tile flooringNew roofWood-burning fireplace
- 75 days
- on Zillow |
- 600 |
- 29 |
Zillow last checked: 7 hours ago
Listing updated: August 15, 2025 at 05:46am
Listed by:
Gregg Tepper 985-789-8717,
Keller Williams Realty Services 985-727-7000,
Brandon Duracher 985-273-7511,
Keller Williams Realty Services
Source: GSREIN,MLS#: 2507447

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Description: Flooring: Carpet
- Level: Second
- Dimensions: 13.07 x 12
Bedroom
- Description: Flooring: Carpet
- Level: Second
- Dimensions: 11.10 x 10.11
Primary bathroom
- Description: Flooring: Tile
- Level: Second
- Dimensions: 7.05 x 10.2
Dining room
- Description: Flooring: Tile
- Level: First
- Dimensions: 8 x 11
Kitchen
- Description: Flooring: Tile
- Level: First
- Dimensions: 8 x 8
Laundry
- Description: Flooring: Tile
- Level: First
- Dimensions: 3 x 10.5
Living room
- Description: Flooring: Tile
- Level: First
- Dimensions: 14 x 13.8
Heating
- Central
Cooling
- Central Air, 1 Unit
Appliances
- Included: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup
Features
- Ceiling Fan(s), Stainless Steel Appliances, Cable TV
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,150
- Total interior livable area: 1,150 sqft
Video & virtual tour
Property
Parking
- Parking features: Assigned, Parking Available, Parking Lot, One Space
Features
- Levels: Two
- Stories: 2
- Patio & porch: Concrete
- Exterior features: Fence
- Pool features: None
Lot
- Features: City Lot
Details
- Parcel number: 56867
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Condominium
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Very Good Condition
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Insulation, Lighting, Windows
Community & HOA
Community
- Features: Common Grounds/Area
- Security: None, Smoke Detector(s)
- Subdivision: Mariners Village
HOA
- Has HOA: No
- Services included: Common Areas, Water
- HOA fee: $300 monthly
Location
- Region: Mandeville
Financial & listing details
- Price per square foot: $83/sqft
- Date on market: 6/17/2025
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