ActiveResidential · sale

340 Alister

Port Aransas, TX 78373

$339,000

  • 2 beds
  • 1 baths
  • 406 sq ft
  • 0.04 acres
  • Built 1937

Listed by Atrium Real Estate Services · MLS #ACT1106618

340 Alister, Port Aransas, TX 78373 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Living spaces

The queen bedroom offers a cozy private retreat, while the living room includes a queen sleeper sofa for additional guest accommodations.

Details worth a look

Enjoy relaxing on the welcoming front porch featuring comfortable outdoor furniture, perfect for morning coffee while overlooking the historic palm trees lining the peaceful courtyard.

Year built

Built in 1937.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Gibbs Cottage #3- Lost Flamingo- Own a piece of Port Aransas history at the iconic Gibbs Cottages, one of the island’s original fisherman-style cottage properties. Originally built to host visiting anglers and beachgoers, Gibbs Cottages has become a beloved Port A destination blending vintage island vibes with modern comfort.

This fully renovated cottage is turnkey and already established in a successful vacation rental pool with New Wave Vacation Rentals & Management, making it an ideal investment, weekend getaway, or personal coastal retreat. Renovations include updated finishes, fixtures, furnishings, décor, and thoughtful upgrades throughout while preserving the cottage’s relaxed beach town feel. All new furniture, decor, appliances, and upgrades convey with the sale, offering a truly move-in and rental ready opportunity.

The bright and inviting interior features warm wood plank ceilings, beadboard walls, wood flooring, and coastal inspired finishes throughout. The queen bedroom offers a cozy private retreat, while the living room includes a queen sleeper sofa for additional guest accommodations. The charming kitchen features open shelving, retro-inspired appliances, dining space, and efficient storage.

The beautifully updated bathroom offers a clean coastal-cottage aesthetic with classic white subway tile shower walls, warm wood-plank ceilings, plantation shutters, woven cane-front vanity cabinetry, stylish fixtures, and a bright spa-like walk-in shower.

Enjoy relaxing on the welcoming front porch featuring comfortable outdoor furniture, perfect for morning coffee while overlooking the historic palm trees lining the peaceful courtyard. Located in the heart of Old Town Port Aransas, this cottage is just minutes from the beach, marina, fishing, shopping, restaurants, nightlife, and all the popular Port A attractions, making it the perfect blend of historic charm, island lifestyle, and income-producing potential.
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THE NEIGHBORHOOD

Explore the location.

340 Alister, Port Aransas, TX 78373

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1937
Full baths
1
Half baths
0
Garage spaces
0
Cooling
Central Air
Heating
Central
Appliances
Electric Oven, Refrigerator
Flooring
Wood
Fencing
None
Accessibility
None
Pool features
None
Subdivision
C0050
Parcel
611345
HOA
Gibbs Cottages HOA
HOA amenities
Maintenance Grounds, Trash
HOA fee frequency
Monthly
Elementary school
Outside School District
Middle school
Outside School District
High school
Outside School District
Annual property tax
$3,833.29
HOA fee
$286.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$425.33
Estimated monthly rent$1,412.50
Cap rate1.76%

Annual operating income: $5,951.51

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Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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340 Alister, Port Aransas, TX 78373 · MLS #ACT1106618

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Listing information

MLS #ACT1106618 · Austin Board of Realtors

Listing brokerage: Atrium Real Estate Services
Listing agent: Lory Johnson

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.