517 E Beach Blvd #5C $289,000

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    517 E Beach Blvd #5C Gulf Shores, AL 36542

    • 1 Beds
    • 1 Baths
    • 700 sq.ft.
    • Condo/Townhouse
    MLS# 276248 | Active

    $289,000

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    Days On Market: 197 50 Views
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    Property Details

    Sellers will pay The HOA fee & Octobers special assessment with acceptable offer for the rest of 2019, approx value $4800.00 as of 05/09/2019, So Investors this unit should yield over 12.5% in 2019 based on the income already booked for the rest of the year. Yielded 11.5% in 2018 . This condo has grossed over $30,000 pa for the last 5 years and income only getting higher, Not many units on the market today offer such a strong income and high yield. Clearwater Condominium has undergone extensive updating including a new roof, stucco, repainted, new elevator, landscaping and new communal grill area by the pool. This well presented 1 bedroom condo in the heart of Gulf Shores with amazing direct gulf front views across the sugar white sandy beach and the Gulf of Mexico is tastefully decorated throughout with granite and hard wood cabinets in the kitchen and breakfast bar, tiled open plan living space leading directly onto the south facing balcony. The bedroom is well proportioned with private access to the bathroom, full length bunks in the hallway are ideal for the rental market. Turn key and ready to go this is the perfect set up for a no hassle rental investment or 2nd home.

    • General Features
      • Area Gulf Shores 1
      • Association Fees 488
      • County Baldwin
      • Property Type Residential Attached
      • Terms of Sale Cash, Conventional, FHA
      • Year Built 1998
    • BuildingFeatures
      • Apx Living Area 700
      • Appliances Dishwasher, Disposal, Icemaker, Microwave, Range-Electric, Refrigerator, Stack Washer/Dryer
      • Garage Attached
      • Furnished Yes
      • Floors Carpet, Tile
      • Exterior Finish Stucco
      • Energy Saving Features Ceiling Fan(s)
      • Construction Foundation Slab and Piers
      • Condo Complex Clearwater
      • Condo Building Stories 8
      • Bedrooms 1
      • Community Amenities BBQ Area, Fire Sprinkler System, Internet, Pool - Outdoor, Pets - Allowed
      • Boat Facilities None
      • Full Bathrooms 1
      • Balcony Size 13 x 7
      • Style Condo
      • Property Interior Stories One
      • Property Amenities Bunk Alcove, Ceiling Fan(s), Internet
      • Master Bedroom Level Main Level
      • Master Bedroom Dimensions 13 x 9
      • Heat Cooling Central Electric
      • Half Bathrooms 0
    • Room Features
      • Kitchen Level Main Level
      • Kitchen Dimensions 7 x 9
    • Property Features
      • Water Property Type Deeded Access
      • View Direct Gulf Front

    Contact

    Myra Horton

    Sales Associate

    RE/MAX Of Orange Beach

    Cell: 251-424-2010

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    Market Last 30 Days

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    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $289,000
    4/8/2019 9:16:49 AM Price Reduced Source New Value: $289,000 -3.63%
    3/1/2019 11:16:51 AM Price Reduced Source New Value: $299,900 -1.67%
    11/3/2018 9:17:00 PM New in Database Source New Value: $305,000

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    Information is provided in part by the IDX program of the Baldwin REALTORSĀ® Association. All information provided is deemed reliable but is not guaranteed and should be independently verified.