3 months on rocket

507 W Beach Blvd Unit 113, Gulf Shores, AL, 36542

$449,900

Home List Price

$5,343*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
1,044 SqFt
$431/SqFt
Condo
Schools Nearby

Location

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507 W Beach Blvd Unit 113, Gulf Shores$449,900

Buyer Closing Credits

$5,343*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCovered, Deeded
Year Built1982
HeatingElectric, Central
WaterfrontGulf
ViewGulf, Pool
MLS #355926
Lot Size2.01 Acres
StatusActive

About 507 W Beach Blvd Unit 113

Indulge in coastal living at its finest at Ocean Reef Condos. Exquisite 2-bedroom, 2-bath condo in Gulf Shores, within walking distance of The Hangout, restaurants and shopping. Perfect for 6-8 guests, this fully furnished gem boasts upscale beach decor, covered parking for 2 cars, and a unique office/study area adds 80 sq ft of living area. Granite counters, wood plank tile floors and an electric fireplace, every detail exudes luxury. Enjoy the best tropical pool area, just steps from the Gulf of Mexico. Gross income of $39,850 for 2022, $25,671 for 2023, with a projected annual income of $38,000 per year, this low-density complex of 45 units offers wood plank porcelain tile, 200' of deeded beach access, and the promise of a dreamy beachside lifestyle. 2024 Summer Rental Bookings look great for this ultimate getaway and income-producing investment!

Property Details

Property Features

Property Information:

  • Year Built: 1982
  • Stories: 2
  • Living Area: 1,044 SqFt

Listing Office:

  • Office Name: Realty Executives Gulf Coast
  • Office Phone: (314) 221-9008
  • Listing Agent: Nancy Gordon

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Microwave, Electric Range, Refrigerator, Ice Maker
  • Flooring Type: Carpet, Tile
  • Interior: Internet, Split Bedroom Plan

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Gulf
  • View: Gulf, Pool
  • Exterior: None

Parking Information:

  • Parking: Covered, Deeded

Lot Features

Lot Information:

  • Lot Size: 2.01 Acres

Utilities

Utilities Information:

  • Heating: Electric, Central

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: From Hwy 59 and The Hang Out turn right on W Beach Blvd, Ocean Reef Condos on the beach side 1/2 mile just before you get to the Island Tower Condos

Price Information

Listing Price Info

Price Summary:

  • List Price: $449,900
  • Price Per SqFt: $431/SqFt

HOA Fees:

  • Amount: $400
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Gulf Shores, AL.

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Gulf Shores, AL

City

Med. Sold Price

$443.1K

Med. Price/SqFt

$310

Avg. Days On Market

53

# of Sold Homes

113

507 W Beach Blvd Unit 113 vs Gulf Shores

117 DAYS ON ROCKET

+64 Days

$449,900

+$6.7K More

$431/SqFt

+$121 More

KEY TAKEAWAY

This property is $6.7K more than the Median Sold Price and $121/SqFt more than other homes in Gulf Shores, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Baldwin County
  • MLS Number: #355926

Listing Office:

  • Office Name: Realty Executives Gulf Coast
  • Office Phone: (314) 221-9008
  • Listing Agent: Nancy Gordon

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: 5/2/2024, 4:20:42 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

$2,713

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,415

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-4810078
8
/10

  • Gulf Shores Elementary School

  • 1600 E 3rd St

  • 1.89 miles

  • Public District Grades PK-6

Middle School

school-card-donut-4810079
10
/10

  • Gulf Shores Middle School

  • 450 E 15th Ave

  • 1.88 miles

  • Public District Grades 7-8

High School

school-card-donut-4810080
2
/10

  • Gulf Shores High School

  • 600 East 15th Ave

  • 2.01 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 $65,303. The majority of Gulf Shores, AL residents have income between $35k-100k annually. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 507 W Beach Blvd Unit 113

What is the listing price of this property?

The listing price of 507 W Beach Blvd Unit 113 property is $449,900.

What type of property is this?

The property 507 W Beach Blvd Unit 113 is a condo located in Gulf Shores, Alabama, 36542.

Is this property for sale now?

Active Listing: 507 W Beach Blvd Unit 113 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 507 W Beach Blvd Unit 113 are:
Gulf Shores Elementary School: GreatSchools Rating 8/10
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 507 W Beach Blvd Unit 113 has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 507 W Beach Blvd Unit 113 is 1,044 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 507 W Beach Blvd Unit 113 is 1982.

Rocket Homes›Alabama›Baldwin County›Gulf Shores›36542›507 W Beach Blvd Unit 113

This home is located at 507 W Beach Blvd Unit 113 in Gulf Shores, AL and zip code 36542. This 1,044 square foot home, which was built in 1982, sits on a 2.01 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 06, 2024 and is currently priced at $449,900.

In April 2024 more than 3 listings in Gulf Shores, AL were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 86 were sold below. The number of listings in Gulf Shores, AL increased by 7.1% between March 2024 and April 2024. While the average time on the market in April 2024 was 53 days, the median list price was $443,153.

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

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