$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 Condo
Sub Type Condominium
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
Bedrooms 3
Full Baths 2
Construction Status Resale
HOA Fees $884/mo
Year Built 1997
Annual Tax Amount $3,173
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
Area Orange Beach 1
Zoning 2+ Family Residence
Interior
Interior Features Breakfast Bar, Bunk Room, Ceiling Fan(s), En-Suite, Internet, Split Bedroom Plan, Storage
Heating Central
Cooling Central Electric (Cool), Ceiling Fan(s)
Flooring Laminate
Fireplace Yes
Appliance Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator w/Ice Maker, Washer
Exterior
Exterior Feature Storage
Garage Assigned, Parking Lot
Pool Community, Association
Community Features BBQ Area, Common Lobby, Covered Entry, Fitness Center, Gazebo, Internet, Pool - Indoor, Pool - Kiddie, Landscaping, Meeting Room, On-Site Management, Pool - Outdoor, Steam/Sauna, Tennis Court(s), Wheelchair Accessible, Gated, Water Access-Deeded
Utilities Available Cable Connected
Waterfront Description Gulf Front - Building
View Y/N Yes
View Direct Gulf Front
Garage No
Building
Story 1
Foundation Pilings
New Construction No
Construction Status Resale
Schools
Elementary Schools Orange Beach Elementary
Middle Schools Orange Beach Middle
High Schools Orange Beach High
Others
Pets Allowed Owners Only
HOA Fee Include Association Management,Cable TV,Common Area Insurance,Maintenance Grounds,Pest Control,Recreational Facilities,Reserve Funds,Security,Taxes-Common Area,Trash,Water/Sewer,Internet,Pool
Ownership Condominium
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1 Chase Corporate Drive Suite 400, Birmingham, AL, 35244, United States