$370,000
$389,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
821 SqFt
SOLD DATE : 11/17/2020
Key Details
Sold Price $370,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 821 sqft
Price per Sqft $450
Subdivision Island Winds West
MLS Listing ID 305509
Sold Date 11/17/20
Bedrooms 2
Full Baths 2
Construction Status Resale
HOA Fees $520/mo
Year Built 1983
Annual Tax Amount $1,955
Property Description
This beautifully furnished and updated unit in Island Winds West generated over $42,000 gross rental income in 2019! This unit is turnkey and features expansive Gulf views from the living room and kitchen, floor to ceiling impact glass windows in master bedroom and living room (installed in 2018), granite countertops throughout, tiled floors throughout, LED light fixtures, stainless appliances, king beds in master and guest room, new walk in shower in master, and new patio furniture. The complex offers an outdoor pool, kiddie pool, barbecue area, exercise room, and easy access to the beach. The highly sought-after Island Winds complex is located less than 4/10 of a mile from Hwy 59, adjacent to the Alabama State Park, and only steps to the Hangout and other dining and shopping attractions. The washer and dryer were replaced in 2017. This unit features an interior door, which connects to adjoining unit 272. Both units can be purchased together for $778,000. Each adjoining door has its own lock and the units can be combined as a 4BD/4BA, or they can be used separately as 2BD/2BA. This unit offers a 4.89% cap rate as a 2BD/2BA and a 4.86% cap rate as a 4BD/4BA.
Location
State AL
County Baldwin
Area Gulf Shores 1
Interior
Interior Features En-Suite, Internet
Heating Electric
Flooring Tile
Fireplace Yes
Appliance Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
Exterior
Garage Parking Lot
Pool Community, Association
Community Features BBQ Area, Fitness Center, Pool - Kiddie, Landscaping, Pool - Outdoor
Utilities Available Cable Connected
Waterfront Yes
Waterfront Description Gulf Front - Building
View Y/N Yes
View Direct Gulf Front
Parking Type Parking Lot
Garage No
Building
Story 1
New Construction No
Construction Status Resale
Schools
Elementary Schools Gulf Shores Elementary
Middle Schools Gulf Shores Middle
High Schools Gulf Shores High
Others
HOA Fee Include Association Management,Common Area Insurance,Maintenance Grounds,Pest Control,Reserve Funds,Security,Taxes-Common Area,Water/Sewer,Pool
Ownership Whole/Full
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Bought with Brett R/E Robinson Dev OB