497 Plantation Rd Unit 1139, Gulf Shores, AL 36542

$324,900
2
BD
2
BA
847
SqFt

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List Price
$324,900
Price Change
▼ $4,100 1782985465
MLS#
396005
Status
ACTIVE
Type
Condo
Year Built
1985
Acres
7.70
City
Gulf Shores
Subdivision
Resort Conference Center
Bedrooms
2
Bathrooms
2
Hoa Fee
$506

Property Description

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.

Additional Information

Style
Condo/Townhouse
High School
Orange Beach High
Living Area
847
Interior Features
Ceiling Fans, Split Bedroom Plan
Heating
Electric
Roof
Metal

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Calculator source: Real Geeks

Listing courtesy of eXp Realty, LLC.

© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .