2 months on rocket

24400 Perdido Beach Blvd Unit 502, Orange Beach, AL, 36561

$549,000

Home List Price

$6,519*

Closing Credit

1 Bedroom
1 Full Bath
801 SqFt
$685/SqFt
Condo
Schools Nearby

Location

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24400 Perdido Beach Blvd Unit 502, Orange Beach$549,000

Buyer Closing Credits

$6,519*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingParking Lot
Year Built1995
HeatingElectric
WaterfrontGulf
ViewGulf
MLS #357680
StatusActive

About 24400 Perdido Beach Blvd Unit 502

Welcome to the epitome of coastal living at Phoenix V in heart of Orange Beach. Located on the desirable 5th floor, unit 502 is a spacious one bedroom and one bathroom Gulf front condo offering the best views within the complex and fantastic rentals with over $56K in 2023 w/three months of owner usage and $75K in 2022 gross rental income. The unit features a living area that seamlessly merges with the dining room and kitchen, creating an inviting open concept for owners and guests to enjoy. The large floor to ceiling windows allow natural light to flood the interior which highlight the beautiful furnishings and coastal decor. The primary suite features a king sized bed and offers private access to the bathroom. The unit has recently been updated with gorgeous tile plank floors throughout, new washer, dryer, dishwasher and garbage disposal, new light fixtures in the bathroom, new ceiling fan and light fixture in the living room, and new kitchen and bathroom faucets. The HVAC unit was replaced in 2016. This unit is perfect for an investor who is looking to grow their portfolio along the Alabama Gulf Coast. The unit is furnished to comfortably sleep six to seven guests. A unique feature in this unit is the large owner's closet that was converted from outdoor storage to an interior heated and cooled storage room. The fantastic amenities at Phoenix V make this building one of the most highly sought after condo complexes in Orange Beach. With amenities such as a large outdoor pool, indoor pool, children's water park and splash pad, hot tubs, fitness center, basketball court, tennis courts, and an outdoor grilling area, you will honestly never need to leave. Phoenix V is conveniently located within walking distance to Doc's Seafood, The Ruby Slipper, Live Bait, and several other shopping and dining attractions. With the peak rental season approaching, now is the perfect time to own this amazing investment in Orange Beach!

Property Details

Property Features

Property Information:

  • Year Built: 1995
  • Stories: 1
  • Living Area: 801 SqFt

Listing Office:

  • Office Name: RE/MAX of Orange Beach
  • Office Phone: (850) 910-0603
  • Listing Agent: Erin Niel

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Ceiling Fan(s), Storage

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Waterfront: Gulf
  • View: Gulf
  • Exterior: None

Parking Information:

  • Parking: Parking Lot

Virtual/3D Tour

  • Virtual Tour: 24400 Perdido Beach Blvd Unit 502

Virtual Tour

Utilities

Utilities Information:

  • Heating: Electric

School Info

Assigned Schools Information:

  • Gulf Shores High School, Public District Grades 9-12
  • Gulf Shores Middle School, Public District Grades 7-8
  • Orange Beach Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: From 59 South turn left onto East Beach Blvd. Drive approximately 5.5 miles complex will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,000
  • Price Per SqFt: $685/SqFt

HOA Fees:

  • Amount: $433
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Orange Beach, AL.

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Orange Beach, AL

City

Med. Sold Price

$724.1K

Med. Price/SqFt

$513

# of Sold Homes

73

24400 Perdido Beach Blvd Unit 502 vs Orange Beach

82 DAYS ON ROCKET

$549,000

-$175.1K Less

$685/SqFt

+$171 More

KEY TAKEAWAY

This property is $175.1K less than the Median Sold Price and $171/SqFt more than other homes in Orange Beach, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Baldwin County
  • MLS Number: #357680

Listing Office:

  • Office Name: RE/MAX of Orange Beach
  • Office Phone: (850) 910-0603
  • Listing Agent: Erin Niel

IDX Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2024, 10:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,241

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,712

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6704347
9
/10

  • Orange Beach Elementary School

  • 4900 S Wilson Blvd

  • 3.79 miles

  • Public District Grades KG-6

Middle School

school-card-donut-6704348
10
/10

  • Gulf Shores Middle School

  • 450 E 15th Ave

  • 4.28 miles

  • Public District Grades 7-8

High School

school-card-donut-6704349
2
/10

  • Gulf Shores High School

  • 600 East 15th Ave

  • 4.02 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $72,000. The majority of Orange Beach, AL residents have income between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 24400 Perdido Beach Blvd Unit 502

What is the listing price of this property?

The listing price of 24400 Perdido Beach Blvd Unit 502 property is $549,000.

What type of property is this?

The property 24400 Perdido Beach Blvd Unit 502 is a condo located in Orange Beach, Alabama, 36561.

Is this property for sale now?

Active Listing: 24400 Perdido Beach Blvd Unit 502 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 24400 Perdido Beach Blvd Unit 502 are:
Orange Beach Elementary School: GreatSchools Rating 9/10
Gulf Shores Middle School: GreatSchools Rating 10/10
Gulf Shores High School: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 24400 Perdido Beach Blvd Unit 502 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 24400 Perdido Beach Blvd Unit 502 is 801 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 24400 Perdido Beach Blvd Unit 502 is 1995.

Rocket Homes›Alabama›Baldwin County›Orange Beach›36561›24400 Perdido Beach Blvd Unit 502

This home is located at 24400 Perdido Beach Blvd Unit 502 in Orange Beach, AL and zip code 36561. This 801 square foot home was built in 1995. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since February 13, 2024 and is currently priced at $549,000.

In April 2024, from all listings sold in Orange Beach, AL there were more than 2 sold above asking price, over 62 sold below and more than 4 were sold right at the asked price. In April 2024 in Orange Beach, AL there were 11.8% more homes for sale than in March 2024.

From Rocket Homes Real Estate and based on county public records data.

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