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Back 181/181 Sandra del Mar Drive
Off Market

181/181 Sandra del Mar Drive

Mandeville LA 70448

2
2
1
1150 sq. ft.
Condo
Gregg TepperGregg Tepper, last sold this property on 17 October 2025 after 121 days on market.

Overview

CALLING ALL INVESTORS! This property offers a high cap rate and far exceeds the 1% rule. CASH ONLY. The condo is currently rented at $1,200 per month, generating immediate cash flow, and tenants will remain with the sale. Located in Mandeville, this affordable 2-bedroom, 1.5-bath condo features a new roof installed after Hurricane Ida and an HVAC system replaced in 2020. Just 1 minute to the Causeway and 5 minutes to I-12, with access to Mandeville schools. Enjoy a wood-burning fireplace, bar-top seating in a cozy kitchen, a half bath on the main floor, and two bedrooms with a shared bathroom upstairs. The unit has all ceramic tile flooring throughout the first floor. Nearby amenities include Tammany Trace, Mandeville Trailhead, Sunset Point, and the lakefront—all a short bike ride away. The condo also offers a fenced-in patio and assigned parking. Condo fees cover water, garbage, exterior property insurance, common area maintenance, flood insurance, and termite coverage. Don’t miss this great investment opportunity! Free 1yr interest rate buydown and no lender refinance fees for qualified buyers when using Envoy Mortgage.

Features

2 bedrooms
2 bathrooms
1 carspace
1150 sq. ft. floor area
Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Mandeville over the last 12 months, the estimated median property value of 181/181 Sandra del Mar Drive is $172.5k.

Median value
$172.5k
Estimated value range
$105k - $240k
Median days on market
34
Estimated value trend
-33%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Mandeville. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 181/181 Sandra del Mar Drive

2025
Sold
Undisclosed
17 Oct 2025 by Gregg Tepper, of Keller Williams Realty Services
2020
Sold
Undisclosed
03 Jun 2020 by ALBERT LONG, of Team Geaux Realty
2006
Sold
Undisclosed
07 Jul 2006 by WANDA GILSON, of LATTER & BLUM (LATT15)

Happy sellers in Mandeville

77%
77% of sellers in Mandeville reported that their sale price either exceeded or met their price expectations.

Mandeville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 17 reviews in Mandeville over the last 12 months.

Local market activity for 2 bedroom condos in Mandeville

In the last 12 months, 17 two-bedroom condos similar to 181/181 Sandra del Mar Drive, have been sold.

This represents a 80% decrease in two-bedroom condos sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Mandeville

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Natalia Wagner

Natalia Wagner is an award winning recommended agent for Mandeville.  They have 4 local sales and collected 3 local reviews across the last 12 months.

  •   5   (48 reviews)
  •  3 Reviews in Mandeville
  •  4 Sales in Mandeville
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Sharon Bostwick

Sellers who recommend Sharon Bostwick have praised them for being attentive, supportive, and local expert

  •   5   (28 reviews)
  •  3 Reviews in Mandeville
  •  2 Sales in Mandeville
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Jamie Mixon Cure

Sellers who recommend Jamie Mixon Cure have praised them for being local expert, responsive, clear communication, supportive, dedicated, great team, and friendly

  •   5   (178 reviews)
  •  2 Reviews in Mandeville
  •  3 Sales in Mandeville
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WAYNE MAYBERRY

WAYNE MAYBERRY is a recommended agent for Mandeville.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (3 reviews)
  •  2 Reviews in Mandeville
  •  2 Sales in Mandeville
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