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Cynthia Frank

New Schlitterbahn Waterpark on North Padre Island

Well it looks like the Gulf Coast may be expanding despite arguments against the proposed Schlitterbahn Water Park to be built on North Padre Island. This is going to help property owners rent their homes and condos and bring in  additional revenue. We have seen sales explode in the past several months bringing in new investers who want to take money from other financial holdings and put into the real estate market. Both Port Aransas and Padre Island have been affected by the decision. Padre Island has a much lower number of homes on the market than they did several months ago. Not sure if owners are holding out for more money when the park opens or people are buying up the inventory. Port Aransas is selling properties like hot cakes. Many new owners putting their homes in Vacation rental management programs. Good time to buy here!        
Published Thursday, January 12, 2012 3:11 PM by Cynthia Frank

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