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#457683, Nancy Donley, Listing office: Keith Donley Real Estate
$1,995,000 List price
488 Margo Ln Port Aransas, TX 78373
5 beds
4 full
3,366 sqft
0.4 acres
$593 / sqft
House
Property details
About 488 Margo Ln
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!
Highlights
Home typeSingle Family Residence
StatusActive
CoolingCentral Air
Size3,366 sqft
Lot size0.41 Acres
Year built1998
ParkingConcrete, Garage
MLS #460190
Garage2 spaces
WaterfrontCanal
ViewWater
Virtual tour
Summary
- Full Bathrooms: 4
- Appliances: Dishwasher, Electric Cooktop, Refrigerator, Dryer, Washer
- Flooring Type: Tile
- Interior: Open Floorplan, Breakfast Bar
- Total Bedroom Count: 5
- Garage Space: 2 spaces
- Parking: Concrete, Garage
- Waterfront: Canal
- View: Water
- Exterior: Boat Dock, Dog Run, Wood Fence, Porch/Covered, Deck, Patio
- Cooling: Central Air
- List Price: $1,995,000
- Price/SqFt: $592
- HOA Amount: $500 Annually
- Annual Tax Amount: $25,602
- Tax Year: 2024
- Lot: Corner Lot, Landscaped, Waterfront
- Year Built: 1998
- Stories: 2
- Living Area: 3,366 SqFt
- Lot Size: 0.41 Acres
- MLS Number: 460190
- MLS Name: SouthTexasMLS
- Office Name: Tarpon Realty
- Office Phone: (361) 815-6784
- Office Email: ryanrichter78373@gmail.com
- Listing Agent: Ryan Richter
Based on Information provided by South Texas MLS, LLC ©2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied. The MLS aggregate data is a copyright of Texas Association of REALTORS® (TAR) and that the reader may not reproduce or distribute the MLS aggregate data. IDX information is provided exclusively for consumers’ personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Texas Real Estate Commission Consumer Protection Notice
Texas Real Estate Commission Information About Brokerage Service
Last updated on: 7/17/2025, 4:45:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,757,763 | $25,602 |
| 2023 | $2,026,001 | $- |
| 2022 | $1,395,000 | $15,377 |
| 2021 | $959,167 | $13,804 |
| 2020 | $814,230 | $13,804 |
| 2019 | $908,380 | $16,314 |
| 2018 | $877,283 | $16,314 |
| 2017 | $893,966 | $15,150 |
History based on county public records data.
Nearby schools
6
Olsen Elementary School
Public District PK-5
2.5 mi
•100 Sta St
5
Gilbert J Mircovich Elementary School
Public District 2-4
8.1 mi
•2720 Big Oak Ln
2
Charlie Marshall Elementary School
Public District 3-5
8.8 mi
•2300 McMullen Ln
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $53,860. Residents of Port Aransas, TX typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
34%
<35k
39%
35k-100k
23%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
43%
Single, No Kids
8%
Single, with Kids
37%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
7%
12-17 yrs old
15%
18-34 yrs old
48%
35-64 yrs old
21%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
College Football
PGA/LPGA
Where do the neighbors shop?
Stein Mart
Express/Express For Men
Kmart
Where do the neighbors go to eat?
Bob Evans
Sonic
Jimmy Johns
What do the neighbors drive?
Buick
Kia
Lincoln
What do the neighbors listen to?
Adult Standards
New Country
News/Talk/Information
All data provided by Home Junction and Claritas
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Frequently asked questions
About 488 Margo Ln
The listing price of 488 Margo Ln property is $1,995,000.
The property 488 Margo Ln is a house located in Port Aransas, Texas, 78373.
Active Listing: 488 Margo Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 488 Margo Ln are: Olsen Elementary School (GreatSchools Rating 6/10), Gilbert J Mircovich Elementary School (GreatSchools Rating 5/10), Charlie Marshall Elementary School (GreatSchools Rating 2/10), Brundrett Middle School (GreatSchools Rating 8/10), A C Blunt Middle School (GreatSchools Rating 2/10), Gregory-Portland Middle School (GreatSchools Rating 7/10), Port Aransas High School (GreatSchools Rating 9/10), Aransas Pass High School (GreatSchools Rating 5/10), Ingleside High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $25,602 (source: MLS/based on county public records data).
The property at 488 Margo Ln has 5 bedrooms and 4 bathrooms.
The property 488 Margo Ln is 3,366 SqFt (source: MLS/tax record).
The year of construction for 488 Margo Ln is 1998.
This home is located at 488 Margo Ln in Port Aransas, TX and zip code 78373. This 3,366 square foot home, which was built in 1998, sits on a 0.41 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 6, 2025 and is currently priced at $1,995,000.
In June 2025 more than 2 listings in Port Aransas, TX were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 11 were sold below. The number of homes for sale in Port Aransas, TX increased by 8.5% between May and June 2025. Listings spent 119 days on the market in June 2025, and had a median list price of $900,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.