About This Home

This 5-bedroom, 4-bathroom single family at 488 Margo Lane in Port Aransas, TX is listed for $1,695,000 ($504 per sqft). Built in 1998, the home offers 3,366 sqft of living space on a 0.41 acres lot.

Key Features

  • Built in 1998
  • 0.41 acre lot
  • 2 stories
  • 6 parking spaces
  • Fireplace
  • Waterfront

Property Details

2 stories
4 full
3-car garage
1998

Amenities

FireplaceWaterfrontViewA/C
Listing 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 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!

Monthly Cost Estimate

$9,565/mo

20% down · 6.5% · 30 years

Principal$1,226
Interest$7,345
Insurance$494
HOA$500

Estimates only. Actual payments may vary.

Location

488 Margo Lane

Port Aransas, TX 78373

Mustang Beach

Features & Amenities

Interior Features

OpenFloorplanBreakfastBar

Exterior Features

BoatLiftDeckDockDogRunIrrigationSprinklers

Property Details

Flooring

Tile

Construction

HardiplankType

Views

Water

Outdoor Features

DeckPatio

Parking

Off StreetGarage

Cooling

Central Air

Appliances

DishwasherElectricCooktopRefrigeratorDryerWasher

Questions & Answers

This 5-bedroom, 4-bathroom single family at 488 Margo Lane is listed at $1,695,000 ($504/sqft). The estimated monthly payment is $9,565 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $500/month.

Key features include: Built in 1998, 0.41 acre lot, 2 stories, 6 parking spaces, Fireplace, Waterfront. Interior Features: OpenFloorplan, BreakfastBar. Exterior Features: BoatLift, Deck, Dock.

This property is listed by Ryan Richter.

RR

Ryan Richter

License 0635792

Agent at Ryan Richter, Broker

Listed by Ryan Richter, Broker · Broker phone: 361-749-2366 · View on Broker Site · Broker website

MLS# 467366· Source: South Texas Multiple Listing Service, LLC· 356 days on PropertySimple

Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

488 Margo Lane, Port Aransas, TX 78373

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