$705,000
$753,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,234 SqFt
SOLD DATE : 01/31/2024
Key Details
Sold Price $705,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,234 sqft
Price per Sqft $571
Subdivision Island Winds West
MLS Listing ID 353840
Sold Date 01/31/24
Bedrooms 3
Full Baths 2
Construction Status Resale
HOA Fees $1,103/mo
Year Built 1983
Annual Tax Amount $3,762
Property Description
RENTAL MACHINE IN THE CENTER OF GULF SHORES!!! This updated, fully furnished, beachfront Penthouse is the ultimate destination for getting away from it all, as well as an investors dream! Rental income produces incredible return on investment, with 2022 rentals totaling $83K and 2023 rentals at $71K so far, with a potential additional $14K to $16K in revenue with owners usage put back in! Located in the heart of Gulf Shores, this beautiful 3 bedroom 2 bathroom unit, which sleeps 10, delivers in every aspect! Leathered granite countertops, new LVL flooring and porcelain tile throughout, new full size washer and dryer combo, 3 year old HVAC system and water heater, and unobstructed views of Little Lagoon and the Gulf of Mexico from every room, are just a few of the priceless features of this amazing property. The low density Island Winds West building features a beautiful heated outdoor pool with covered patio area, kiddie pool, all new boardwalk installed in 2022 with poly decking, new fitness equipment installed in the fitness center within the past two years, a brand new roof installed in the Spring of 2023, and new poolside mens and womens restrooms currently under construction. The building was also upgraded in 2018/2019 with all new windows, sliding doors, and railings. Within walking distance to a multitude of restaurants and shops, this top floor corner unit will not disappoint!
Location
State AL
County Baldwin
Area Gulf Shores 1
Interior
Interior Features Ceiling Fan(s), En-Suite, Internet
Heating Electric
Flooring Tile, Laminate
Fireplace Yes
Appliance Dishwasher, Disposal, Microwave, Electric Range, Refrigerator w/Ice Maker, Washer/Dryer Stacked
Exterior
Garage Parking Lot
Pool Community, Association
Community Features BBQ Area, Common Lobby, Fitness Center, Internet, Pool - Kiddie, Landscaping, Pool - Outdoor, Satellite TV
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
Pets Allowed Owners Only
HOA Fee Include Association Management,Cable TV,Common Area Insurance,Maintenance Grounds,Pest Control,Reserve Funds,Security,Taxes-Common Area,Trash,Water/Sewer,Internet,Pool
Ownership Condominium
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Bought with Keller Williams AGC Realty - Orange Beach