$5,000,000
$5,000,000
For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
7 Baths
4,158 SqFt
SOLD DATE : 11/08/2024
Key Details
Sold Price $5,000,000
Property Type Single Family Home
Sub Type Contemporary
Listing Status Sold
Purchase Type For Sale
Square Footage 4,158 sqft
Price per Sqft $1,202
MLS Listing ID 365383
Sold Date 11/08/24
Style Contemporary
Bedrooms 7
Full Baths 7
Construction Status Resale
Year Built 2021
Annual Tax Amount $14,875
Property Description
Stunning 7-Bedroom Beachfront Retreat with Private Pool. Outstanding Rental Revenue. Handicap accessible w/ elevator to every floor. Discover the epitome of luxury living in this magnificent 7-bedroom home, accommodating up to 18 guests. Custom-designed interiors and exquisite furnishings create an ambiance of elegance and comfort. Sold fully furnished, this property offers a seamless transition for new owners.Key Features: • Beachfront Paradise: Wake up to the soothing sound of waves and step directly onto the sandy shores. Your private beach awaits! • Handicap Accessible with Elevator • Private Pool: Lounge by the pool, basking in the sun or enjoying a refreshing swim. • Exceptional Rental Revenue: This home has intentionally maintained a strict pricing threshold and kept occupancy low to limit wear and tear and maintain quality. However, the rental revenue has been exceptional on the limited use. • Proven Performance: Since its May 2022 debut, this home has grossed over $1.1 million in revenue. In 2023, even on minimal occupancy, it generated $356,681.15. Bookings for 2024 are already at an impressive $294,570. The total occupancy rate since May of 2022 has been 39.5%, but this home has been able to achieve an average daily rate of over 2,400 dollars a night since onboarding in May of 2022. • Modern & Unique: Architecturally striking, this upscale home stands out as a one-of-a-kind gem. • Rare Location & Built-In Appreciation: This home is beachfront and condos cannot build near its location. That means this land and home will continue to appreciate due to it being in a very rare position on Perdido Beach BLVD. • Management: The current management company, Unwind Luxury Vacations, agrees to continue management at a most competitive price. They have outperformed the market by more than double when directly compared across other management companies with similar homes. Please request more information. Don't miss this deal! This is an equitable inter
Location
State AL
County Baldwin
Area Orange Beach 1
Interior
Interior Features Bunk Room, Ceiling Fan(s), Elevator, En-Suite, High Ceilings
Heating Electric
Flooring Tile, Vinyl, Wood
Fireplace Yes
Appliance Cooktop, Dishwasher, Dryer, Microwave, Gas Range, Refrigerator w/Ice Maker, Washer
Exterior
Garage Attached
Fence Fenced
Pool In Ground
Community Features None
Utilities Available See Remarks, Cable Connected
Waterfront Yes
Waterfront Description Gulf Front - Building
View Y/N Yes
View Direct Gulf Front
Roof Type Composition
Parking Type Attached
Garage No
Building
Lot Description Less than 1 acre, No Trees, Waterfront
Foundation Slab
Architectural Style Contemporary
New Construction No
Construction Status Resale
Schools
Elementary Schools Orange Beach Elementary
Middle Schools Gulf Shores Middle
High Schools Gulf Shores High
Others
Ownership Whole/Full
Acceptable Financing Corporate Owned
Listing Terms Corporate Owned
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with RE/MAX Paradise
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
W240N3485 Pewaukee Rd, Pewaukee, WI, 53072, United States