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Sold for $550,000 on 04/13/23
  • $550,000

    561 E Beach Blvd UNIT 504, Gulf Shores, AL 36542

    1beds
    2baths
    676sqft
    Condo
    Built in 2000
    -- sqft lot
    $493,300 Zestimate®
    $814/sqft
    $1,934 Estimated rent

    Owner options

    List your home for rent

    $1,934/mo

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    $1,934/mo

    Rent Zestimate®

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    $3,600/mo

    Est. payment

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    $3,600/mo

    Est. payment

    What's special

    This truly is a MUST SEE RECENTLY COMPLETELY RENOVATED condo with exceptional rental history! Upscale coastal design combined with a fantastic unique location makes this a RARE opportunity for a buyer looking for a beachfront condo that needs absolutely nothing, just bring your suitcase!! If you are looking for a true turnkey unit, look no further. Recent renovation includes entire unit painted including ceilings, popcorn removal, new LVT flooring throughout, shiplap feature wall, complete kitchen renovation (new cabinets, quartz countertops, all new appliances, dishes & cookware). Both bathrooms have new vanities, fixtures and decor, entire unit furnished with ALL new furniture, mattresses, ceiling fans, washer & dryer, wall mounted smart TVs and new glass in sliding glass doors. Custom bunks with a fun shiplap theme and features private secure owner storage underneath the bunks. Unlike many 1 Bedroom condos, at Royal Palms the 1 bedroom units have the benefit of a full second bathroom. Royal Palms is the last condo complex on the beach adjacent to the Gulf State Park so instead of a condo complex as your neighbor you have the beautiful 6500 acre state park, with a recreational fishing pier, restaurants, bike trails and so much more just a short stroll from Royal Palms. For the buyer looking for great proven vacation rental property look no further: having earned 47 5 STAR reviews this popular rental unit began renting in May of 2021 and generated over $49K in rental income in only 8 months. The year to date NET rental income for 2022 is already over $52K for this rental machine. To make it an even easier transition for a buyer interested in vacation rentals the KABA Keyless lock, linens and towels will convey with the sale. Royal Palms is a well managed condo complex featuring sought after amenities such as indoor pool, hot tub, outdoor pool (heated seasonally), fitness room, sauna, steam room and BBQs.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    Interior area
    • Total interior livable area: 676 sqft

    Property

    Lot
    • Size: 1.59 Acres
    Details
    • Parcel number: 6605211000016000925

    Construction

    Type & style
    • Home type: Condo
    Condition
    • Year built: 2000

    Community & neighborhood

    Location
    • Region: Gulf Shores

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $606 monthly
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $493,300
    2% more+$9,866
    With Zillow Showcase(estimated)$503,166