Belles Sea Inn – Income Property with Gulf Views. Perched atop one of Port Aransas’ highest dunes, the iconic Belles Sea Inn delivers immediate income and exceptional redevelopment potential. This 48,351 SF parcel (Tourist & Recreational Zoning).  The property has a flexible business model to operate as either a boutique hotel or as a traditional multi-family property. The seller’s pro forma indicates a 7.3% cap rate if operated solely as a multi-family rental property, highlighting its financial strength and stability.  There are 14 regular units and a spacious multi-use grand suite.  The property has ocean views, outdoor patios, breezeways, a pool area, and a full commercial kitchen and dining space ready for revitalization. Located in the popular Eleventh Street corridor with direct beach access via neighboring dune walkover, this is a rare Port A opportunity combining strong returns today with flexibility for future repositioning as a boutique hotel, bed and breakfast, or simply maintained as a  multi-family rental property.  The listing also includes an adjacent vacant parcel. Seller-provided proforma available upon request.