$787,000
$769,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,376 SqFt
SOLD DATE : 03/22/2024
Key Details
Sold Price $787,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,376 sqft
Price per Sqft $571
Subdivision The Palms
MLS Listing ID 349164
Sold Date 03/22/24
Bedrooms 3
Full Baths 2
Construction Status Resale
HOA Fees $726/mo
Year Built 1997
Annual Tax Amount $3,328
Property Description
$65,000+ YEARLY RENTAL PROJECTION based on real figures from other Palms 3BR rental units. Enjoy panoramic views of the Gulf of Mexico from the large private balcony of this 4th floor unit in The Palms, an impressive, sought-after complex in Orange Beach. Wake up to the sound of waves in the primary bedroom, which is furnished with a plush king mattress, and you will find bedside access through the slider for your morning coffee on the balcony. Finding the perfect location to relax on the beautiful white sand beachfront will be easy at this low-density complex, and with only 40 units in the East building you won’t wait long for an elevator. This unit’s convenient location in Orange Beach puts you close to outstanding shopping and dining options such as the new CoastAL complex. The 3BR, 2 bath unit is open and spacious, featuring granite countertops and tile throughout, and was professionally painted in April 2021 to create a beachy vibe. Unit conveys fully furnished with the exception of owners’ personal items. Door lock and linens are owned by rental company. New king mattress in bedroom 2 and updated furniture in bedroom 3 were installed in December 2022. These updates combined with the existing living room sofa sleeper and the king in main bedroom allow the rental to sleep eight. HW heater replaced 2021, HVAC furnace & exterior AC 2020. The Palms will undergo practical and decorative improvements to the balcony railings, sliders, and exterior storage closets beginning Fall 2023, further enhancing this already desirable complex. SELLERS WILL PROVIDE A $29,100 CREDIT FOR ASSESSMENTS COMING IN 2024. See documents section for a list of planned upgrades to the building. Make this exceptional 3BR condo in an ideal location YOURS!
Location
State AL
County Baldwin
Area Orange Beach 1
Interior
Interior Features Ceiling Fan(s), En-Suite, Internet
Heating Electric
Flooring Tile
Fireplace Yes
Appliance Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator w/Ice Maker, Washer
Exterior
Exterior Feature Storage
Garage Parking Lot
Pool Community, Association
Community Features BBQ Area, Condo 2-Bdrms in Complex, Condo 3-Bdrms in Complex, Covered Entry, Fitness Center, Internet, Pool - Indoor, Landscaping, Pool - Outdoor, Steam/Sauna, Tennis Court(s)
Utilities Available Cable Connected
Waterfront Yes
Waterfront Description Gulf Front - Building
View Y/N Yes
View Direct Gulf Front
Parking Type Parking Lot
Garage No
Building
Story 1
Foundation Pilings
New Construction No
Construction Status Resale
Schools
Elementary Schools Orange Beach Elementary
Middle Schools Orange Beach Middle
High Schools Orange Beach High
Others
Pets Allowed Owners Only
HOA Fee Include Association Management,Cable TV,Common Area Insurance,Maintenance Grounds,Pest Control,Recreational Facilities,Reserve Funds,Taxes-Common Area,Trash,Water/Sewer,Internet,Pool
Ownership Condominium
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W240N3485 Pewaukee Rd, Pewaukee, WI, 53072, United States