$800,000
$816,500
2.0%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,392 SqFt
SOLD DATE : 04/12/2024
Key Details
Sold Price $800,000
Property Type Single Family Home
Sub Type Residential Attached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,392 sqft
Price per Sqft $574
Subdivision Phoenix East Ii
MLS Listing ID 357013
Sold Date 04/12/24
Style Condo
Bedrooms 3
Full Baths 2
Construction Status Resale
HOA Fees $884/mo
HOA Y/N Yes
Rental Info Yes
Year Built 1997
Property Sub-Type Residential Attached
Source Baldwin County
Property Description
EXCEPTIONAL INVESTMENT CONDO! This beautiful & updated condo is the benchmark for a vacation rental. With stunning views of the Gulf of Mexico and Perdido Pass, the condo has consistently delivered above-market revenue. In 2023 it generated $84K in total nightly revenue (excluding taxes and cleaning) at an 87% occupancy rate and has $60K booked so far in 2024. The condo is rented through VRBO and holds a 5.0 Exceptional Rating. The VRBO listing can be accessed at https://www.vrbo.com/2817823. The condo features a spacious living/dining area, a fully-equipped kitchen with stainless steel appliances & granite countertops, a breakfast bar, two owner closets, full washer & dryer, and a large furnished balcony with outside storage. The condo has three bedrooms (sleeps 10 guests) & two full baths, including a primary bedroom with king bed and a private full bath, views of the beach & access to the Gulf-facing balcony; a secondary bedroom with king bed; and a bunk room with two queen and two twin beds. The condo is 100% turnkey and comes fully furnished. Phoenix East II is a low-density property that offers a quiet respite from the crowds. It's situated along a beautiful stretch of Perdido Beach Boulevard and is just minutes from outstanding restaurants, shopping, and all the activities and entertainment the area has to offer. Property amenities include direct beach access, an outdoor pool, a heated indoor pool and hot tub, a fitness room, a sauna, tennis courts and a BBQ area.
Location
State AL
County Baldwin
Zoning MultiFamily
Rooms
Dining Room BreakfastBar, LivingDiningCombo, DiningKitchenCombo
Interior
Interior Features En Suite, Internet, Bunk Room, Storage, Ceiling Fan(s), Split Bedroom Plan
Heating Central
Cooling Electric
Flooring Laminate
Furnishings Furnished
Fireplace No
Window Features Window Treatments
Appliance Dryer, Washer, Disposal, Microwave, Dishwasher, Electric Range, Plumbed For Ice Maker
Heat Source Central
Exterior
Exterior Feature Storage
Parking Features Condo Lot Parking, Condo Assigned Parking
Community Features Gated, Gazebo, BBQ Area, Internet, Landscaping, Spa Hot Tub, Steam Sauna, Common Lobby, Meeting Room, Covered Entry, Exercise Room, Guard At Gate, Pets Owners Only, On Site Management, Tennis Racquetball, Water Access Deeded, Fire Sprinkler System, Wheelchair Accessible
Utilities Available Baldwin EMC, Cable
Waterfront Description Gulf Front Building
View Y/N Yes
View Direct Gulf Front
Building
Story 15
Architectural Style Condo
Construction Status Resale
Schools
Elementary Schools Orange Beach Elementary
Middle Schools Orange Beach Middle
High Schools Orange Beach High
Others
HOA Fee Include Pool,Trash,Cable TV,Internet,Security,Pest Control,Recreation Facilities,Water Sewer,Reserve Funds,Taxes Common Area,Common Area Insurance,Association Management,Common Area Maintenance
Financing Conventional
Special Listing Condition None
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