517 E Beach Blvd #5C $279,000

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

    • 1 Beds
    • 1 Baths
    • 700 sq.ft.
    • Condo/Townhouse
    MLS# 276248 | Contingent on Sale

    $279,000

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    Days On Market: 228 56 Views
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    Property Details

    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
    • Building Features
      • 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

    Kathleen Kershaw

    Broker Associate

    Alabama & Florida

    RE/MAX of Gulf Shores

    Direct: 251-923-7636

    Neighborhood

    36542 (Gulf Shores) Demographics

    49Median Age
    257Population Density (per sq. mile)
    42%College Educated
    $51,138 Estimated Median Income
    3,371Estimated Total Home Owners
    2,396Estimated Total Renters
    58% / 42%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    13,494Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $290,000 Median Sales Price
    112 Homes Sold
    137 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $279,000
        6/14/2019 3:17:03 PM Status Changed Source New Value: Contingent on Sale
        5/31/2019 5:16:56 PM Price Reduced Source New Value: $279,000 -3.46%
        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 REALTORS® Association. All information provided is deemed reliable but is not guaranteed and should be independently verified.