$770,000
$775,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,302 SqFt
SOLD DATE : 03/07/2025
Key Details
Sold Price $770,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,302 sqft
Price per Sqft $591
Subdivision Emerald Key
MLS Listing ID 371964
Bedrooms 3
Full Baths 2
HOA Fees $600/mo
Year Built 1997
Annual Tax Amount $4,166
Property Sub-Type Condominium
Property Description
Rare Opportunity! Rental Powerhouse Top Floor Gulf-Front Condo Currently Over $25,940 NET Rental Income Already Booked for 2025!Over $60K in Annual NET Rental Income in 2024!This stunning Top Floor 3-bedroom, 2-bathroom condo in the low-density Emerald Key Condominium has been remodeled and is like new! Perfect for investors, this property generates strong rental income year-round, thanks to a loyal repeat client base built by the current owner over the past 19 years. Enjoy breathtaking Gulf and pool views from this 6th-floor unit, which boasts fresh paint throughout, a fully renovated primary suite, and a beautifully updated guest bathroom. The open and spacious floor plan includes a living/dining combo and additional seating at the kitchen bar, offering plenty of room for guests. Step out onto the large private balcony to soak in the serene beach and pool views. Additional features include a gated parking lot, outside storage room, and a brand-new stackable washer and dryer. Plus, the HVAC system is only 2 years old! Location, Location, Location! Conveniently located in the heart of Orange Beach, this condo is within walking distance to the new Coastal restaurant, shops, and entertainment venues, as well as close to shopping and additional dining options. Don't miss this must-see investment opportunity. Buyer to verify all information during due diligence.
Location
State AL
County Baldwin
Area Orange Beach 1
Interior
Heating Electric
Flooring Tile
Exterior
Parking Features Parking Lot
Pool Community, Association
Community Features BBQ Area, Internet, Pool - Outdoor
Utilities Available Cable Available, Cable Connected
Waterfront Description Gulf Front - Building
View Y/N Yes
View Direct Gulf Front
Building
Lot Description Waterfront
Story 1
Foundation Other
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Orange Beach Elementary
Middle Schools Orange Beach Middle
High Schools Orange Beach High
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Bought with Non Member Office
