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Off market
  • $490,800

    561 E Beach Blvd Unit 504, Gulf Shores, AL 36542

    1beds
    2baths
    676sqft
    Condo
    Built in 2000
    -- sqft lot
    $490,800 Zestimate®
    $726/sqft
    $1,618 Estimated rent

    Home value

    $490,800

    $461,000 - $520,000

    $1,618/mo

    Zestimate® history
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    $1,618/mo

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    $1,618/mo

    Rent Zestimate®

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    $3,439/mo

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    $3,439/mo

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    What's special

    This truly is a MUST SEE RECENTLY COMPLETELY RENOVATED condo with exceptional rental history! Upscale coastal design combined with a fantastic unique location makes this a RARE opportunity for a buyer looking for a beachfront condo that needs absolutely nothing, just bring your suitcase!! If you are looking for a true turnkey unit, look no further. Recent renovation includes entire unit painted including ceilings, popcorn removal, new LVT flooring throughout, shiplap feature wall, complete kitchen renovation (new cabinets, quartz countertops, all new appliances, dishes & cookware). Both bathrooms have new vanities, fixtures and decor, entire unit furnished with ALL new furniture, mattresses, ceiling fans, washer & dryer, wall mounted smart TVs and new glass in sliding glass doors. Custom bunks with a fun shiplap theme and features private secure owner storage underneath the bunks. Unlike many 1 Bedroom condos, at Royal Palms the 1 bedroom units have the benefit of a full second bathroom. Royal Palms is the last condo complex on the beach adjacent to the Gulf State Park so instead of a condo complex as your neighbor you have the beautiful 6500 acre state park, with a recreational fishing pier, restaurants, bike trails and so much more just a short stroll from Royal Palms. For the buyer looking for great proven vacation rental property look no further: having earned 47 5 STAR reviews this popular rental unit began renting in May of 2021 and generated over $49K in rental income in only 8 months. The year to date NET rental income for 2022 is already over $52K for this rental machine. To make it an even easier transition for a buyer interested in vacation rentals the KABA Keyless lock, linens and towels will convey with the sale. Royal Palms is a well managed condo complex featuring sought after amenities such as indoor pool, hot tub, outdoor pool (heated seasonally), fitness room, sauna, steam room and BBQs.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    Interior area
    • Total interior livable area: 676 sqft

    Property

    Features
    • On waterfront: Yes
    Lot
    • Size: 1.59 Acres
    Details
    • Parcel number: 6605211000016000925

    Construction

    Type & style
    • Home type: Condo
    Condition
    • Year built: 2000

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $606 monthly
    Location
    • Region: Gulf Shores

    Financial & listing details

    • Price per square foot: $726/sqft
    • Tax assessed value: $540,800
    • Annual tax amount: $3,594

    Price history

    DateEventPrice
    4/13/2023Sold$550,000-3.5%$814/sqft
    Source: Public Record Report a problem
    12/9/2022Price change$569,900-2.8%$843/sqft
    Source: Baldwin Realtors #333779 Report a problem
    8/1/2022Listed for sale$586,500$868/sqft
    Source: Baldwin Realtors #333779 Report a problem
    7/28/2022Pending sale$586,500$868/sqft
    Source: Baldwin Realtors #333779 Report a problem
    7/14/2022Listed for sale$586,500+63.8%$868/sqft
    Source: Baldwin Realtors #333779 Report a problem
    3/12/2021Sold$358,000+0.1%$530/sqft
    Source: Baldwin Realtors #308947 Report a problem
    2/1/2021Pending sale$357,500$529/sqft
    Source: Baldwin Realtors #308947 Report a problem
    1/30/2021Listed for sale$357,500+17.2%$529/sqft
    Source: Baldwin Realtors #308947 Report a problem
    1/30/2018Sold$305,000$451/sqft
    Source: Baldwin Realtors #263406 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,594 +25.9%$108,160 +25%
    2023$2,855 $86,520 +23.1%
    2022-- $70,300 +10.6%
    2021$2,097 $63,540 +5.6%
    2020-- $60,160 +1.1%
    2019$1,963 +10%$59,480 +10%
    2018$1,785 +2.6%$54,080 +2.6%
    2017$1,740 -1.8%$52,720 +5.9%
    2016$1,771 +5.8%$49,760 +18.7%
    2015$1,673 +33%$41,920 +12.7%
    2014$1,258 $37,180 +3.8%
    2013$1,258 $35,820
    2011-- $35,820 -0.8%
    2010-- $36,100 -28.7%
    2009$1,672 -4.4%$50,660 -4.4%
    2008$1,749 -1.6%$53,000 -1.6%
    2007$1,777 +85.5%$53,860 +85.5%
    2006$958 $29,040
    2005$958 -9.3%$29,040 -9.3%
    2004$1,057 $32,020
    2003$1,057 +6.4%$32,020 +6.4%
    2002$993 +1.5%$30,080
    2001$978 $30,080
    Find assessor info on the county website

    Neighborhood: 36542

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $490,800
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $490,800