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!
For sale
$1,995,000
488 Margo Ln, Port Aransas, TX 78373
5beds
3,366sqft
Est.:
Single Family Residence
Built in 1998
0.41 Acres Lot
$1,844,000 Zestimate®
$593/sqft
$42/mo HOA
What's special
Cozy fireplaceWrap around balconyHuge lotUpdated dock spaceTwo living spacesInverted floor planSpacious master suite
- 64 days
- on Zillow |
- 468 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: June 26, 2025 at 12:38pm
Listed by:
Ryan Richter 361-815-6784,
Tarpon Realty
Source: South Texas MLS,MLS#: 460190
Originating MLS: Corpus Christi

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Cooktop, Refrigerator, Dryer, Washer
Features
- Open Floorplan, Breakfast Bar
- Flooring: Tile
- Has fireplace: No
Interior area
- Total structure area: 3,366
- Total interior livable area: 3,366 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Concrete, Front Entry, Garage, Rear/Side/Off Street
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Patio
- Exterior features: Boat Lift, Deck, Dock, Dog Run, Sprinkler/Irrigation
- Pool features: None
- Fencing: Wood
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Channel, Boat Ramp/Lift Access, Canal Access
Lot
- Size: 0.41 Acres
- Features: Corner Lot, Landscaped
Details
- Parcel number: 547400010060
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- HardiPlank Type
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 1998
Utilities & green energy
- Utilities for property: Municipal Utilities
Community & HOA
Community
- Subdivision: Mustang Beach
HOA
- Has HOA: Yes
- Amenities included: Other
- Services included: Other
- HOA fee: $500 annually
Location
- Region: Port Aransas
Financial & listing details
- Price per square foot: $593/sqft
- Tax assessed value: $1,757,763
- Annual tax amount: $22,599
- Date on market: 6/6/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
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