Commanding a 27% cash-on-cash return, 13% cap rate, and 17% gross ROI with potential to gross $48,000–$54,000 annually based on AirDNA comp data, this Gulf Shores condo is an absolute investor’s dream. Already operating as a 4.88-star Airbnb with Superhost status, this unit is turnkey and income-ready from day one. The complex is loaded with amenities : four outdoor pools, two outdoor hot tubs, an indoor pool, on-site dining, a coffee shop, pickleball, tennis, basketball, and sand volleyball courts, all within a gated beachside community. Beach access is steps away with toes in the sugar white sand in under three minutes.The 2BR/2BA unit itself sleeps 6 comfortably : king primary suite with ensuite bath, second bedroom with full bed and twin bunks, fully equipped kitchen, and a private balcony boasting gorgeous coastal water views.The kind of property guests rebook and owners love.Buyer to verify all information during due diligence.Gulf Shores Plantation offers 40 acres of gated, beautifully maintained beachfront property with 4,000 feet of shoreline and a wide variety of amenities. Residents and guests can enjoy multiple outdoor pools, an indoor pool, hot tubs, tennis courts, basketball, shuffleboard, grilling areas, lush courtyards, and relaxing swings throughout the grounds. If you’re looking for a comfortable coastal retreat in a well-maintained community with exceptional amenities, this condo is a must-see. Buyer to verify all information during due diligence.
Active
Price cut: $4.1K (6/15)
$324,900
497 Plantation Rd APT 1139, Gulf Shores, AL 36542
2beds
847sqft
Condominium, Residential
Built in 1985
-- sqft lot
$-- Zestimate®
$384/sqft
$506/mo HOA
What's special
Four outdoor poolsSand volleyball courtsGated beachside communityGrilling areasFully equipped kitchenTennis courtsIndoor pool
- 61 days |
- 341 |
- 22 |
Zillow last checked:
Listing updated:
Listed by:
Justin Powell PHONE:217-520-7925,
EXP REALTY,LLC
Source: Baldwin Realtors,MLS#: 396005
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Features: 1st Floor Primary
- Level: Main
- Area: 99
- Dimensions: 11 x 9
Bedroom 2
- Level: Main
- Area: 132
- Dimensions: 11 x 12
Primary bathroom
- Features: Private Water Closet, Tub/Shower Combo
Dining room
- Features: Breakfast Room, Dining/Kitchen Combo
Kitchen
- Level: Main
- Area: 64
- Dimensions: 8 x 8
Living room
- Level: Main
- Area: 192
- Dimensions: 16 x 12
Heating
- Electric
Appliances
- Included: Dishwasher, Disposal, Microwave, Electric Range, Refrigerator w/Ice Maker
- Laundry: Common Area
Features
- Ceiling Fan(s), High Speed Internet, Split Bedroom Plan
- Flooring: Carpet, Tile
- Has basement: No
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 847
- Total interior livable area: 847 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Pool features: Community, Association
- Spa features: Community
- Has view: Yes
- View description: Direct Gulf Front
- Has water view: Yes
- Water view: Direct Gulf Front
- Body of water: Gulf of Mexico/America
Lot
- Size: 7.7 Acres
Details
- Parcel number: 6809290000003.006.909
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Residential
- Attached to another structure: Yes
Materials
- Concrete
- Foundation: Slab
- Roof: Metal
Condition
- Resale
- New construction: No
- Year built: 1985
Utilities & green energy
- Electric: Baldwin EMC
- Utilities for property: Cable Connected
Community & HOA
Community
- Features: BBQ Area, Condo 2-Bdrms in Complex, Condo 3-Bdrms in Complex, Fitness Center, Fencing, Internet, Landscaping, Pool, Tennis Court(s), Wheelchair Accessible, Gated, Condo-Effic in Complex, Water Access-Deeded
- Security: Smoke Detector(s), Fire Sprinkler System, Gated with Guard
- Subdivision: Resort Conference Center
HOA
- Has HOA: Yes
- Services included: Association Management, Cable TV, Insurance, Maintenance Grounds, Pest Control, Recreational Facilities, Reserve Fund, Security, Taxes-Common Area, Trash, Water/Sewer, Internet, Pool
- HOA fee: $506 monthly
Location
- Region: Gulf Shores
Financial & listing details
- Price per square foot: $384/sqft
- Tax assessed value: $351,500
- Annual tax amount: $2,039
- Price range: $324.9K - $324.9K
- Date on market: 5/1/2026
- Ownership: Condominium
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Price change | $324,900-1.2%$384/sqft |
Source:  Baldwin Realtors #396005 Report a problem | ||
| 5/1/2026 | Listed for sale | $329,000+15%$388/sqft |
Source: Baldwin Realtors #396005 Report a problem | ||
| 6/18/2021 | Sold | $286,000-1%$338/sqft |
Source: Baldwin Realtors #311358 Report a problem | ||
| 4/17/2021 | Price change | $289,000-2%$341/sqft |
Source:  Exit Realty #311358 Report a problem | ||
| 3/24/2021 | Listed for sale | $295,000+129.6%$348/sqft |
Source: Exit Realty #311358 Report a problem | ||
| 6/12/2015 | Sold | $128,500-8.1%$152/sqft |
Source: Baldwin Realtors #198791 Report a problem | ||
| 2/19/2015 | Price change | $139,900+3.7%$165/sqft |
Source: Remax Gulf Shores #198791 Report a problem | ||
| 11/15/2014 | Listed for sale | $134,900$159/sqft |
Source: Remax Gulf Shores #198791 Report a problem | ||
| 8/2/2014 | Listing removed | $134,900$159/sqft |
Source: Remax Gulf Shores #198791 Report a problem | ||
| 6/28/2014 | Listed for sale | $134,900$159/sqft |
Source: Remax Gulf Shores #198791 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,968 -3.5% | $70,300 -3.5% |
| 2024 | $2,040 +2.4% | $72,840 +2.4% |
| 2023 | $1,992 | $71,140 +27.3% |
| 2022 | -- | $55,900 +144.3% |
| 2021 | $641 +5.9% | $22,880 +5.9% |
| 2020 | $605 +20.9% | $21,600 +10.9% |
| 2019 | $500 +16.6% | $19,480 +15% |
| 2018 | $429 +6.5% | $16,940 +17.6% |
| 2017 | $403 | $14,400 +17.3% |
| 2016 | $403 +17.3% | $12,280 -50% |
| 2015 | $344 -50.7% | $24,560 +3.5% |
| 2014 | $697 | $23,720 +7.7% |
| 2013 | $697 | $22,020 +8.4% |
| 2011 | -- | $20,320 -25% |
| 2010 | -- | $27,100 -5.9% |
| 2009 | $806 -41.4% | $28,800 -41.4% |
| 2008 | $1,375 -30% | $49,120 -30% |
| 2007 | $1,964 +4.3% | $70,160 +4.3% |
| 2006 | $1,883 +331% | $67,240 +331% |
| 2005 | $437 -9.4% | $15,600 -9.4% |
| 2004 | $482 | $17,220 |
| 2003 | $482 | $17,220 |
| 2002 | $482 +1.8% | $17,220 |
| 2001 | $474 | $17,220 |
| 2000 | $474 | $17,220 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 36542
Nearby schools
GreatSchools rating
- 4/10Foley Elementary SchoolGrades: PK-6Distance: 17.1 mi
- 4/10Foley Middle SchoolGrades: 7-8Distance: 17.1 mi
- 7/10Foley High SchoolGrades: 9-12Distance: 15.9 mi
Schools provided by the listing agent
- Elementary: Orange Beach Elementary
- Middle: Orange Beach Middle
- High: Orange Beach High
Source: Baldwin Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Alabama
- Baldwin County
- Gulf Shores
- 36542
- 497 Plantation Rd Apartment 1139
Nearby cities
Nearby zip codes
Other Gulf Shores Topics
