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Teresa Howard

teresa.howard@engelvoelkers.com +1(251) 802-5988

$ 429,000

Est. payment -/mo

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Price Dropped by $10K

24160 Perdido Beach Boulevard #2056 Orange Beach, AL 36561

1 Bed

1 Bath

685 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 685 sqft

Price per Sqft $626

Subdivision Phoenix Ii

MLS Listing ID 387323

Bedrooms 1

Full Baths 1

Construction Status Resale

HOA Fees $460/mo

Year Built 1985

Annual Tax Amount $3,143

Property Sub-Type Condominium

Property Description

Now priced aggressively, this direct Gulf-front 1-bedroom condo at Phoenix II offers an outstanding opportunity for investors and second-home buyers seeking strong income potential in Orange Beach. With a documented rental history over the past five years averaging approximately 69% occupancy, this unit has demonstrated consistent performance relative to market trends. This property now reflects an estimated cap rate of approximately 5.28% on a cash purchase. Located on the fifth floor, this turnkey unit features a light, coastal interior with plank-style flooring, granite countertops, light wood cabinetry, and a tumbled stone backsplash. The walk-in shower with glass enclosure adds a modern, spa-inspired feel. Floor-to-ceiling sliding glass doors open to an oversized private balcony offering sweeping, unobstructed views of the Gulf of Mexico—perfect for enjoying sunrise coffee or sunset views over the sugar-white sands. Phoenix II is a well-established Gulf-front complex offering a full suite of amenities, including indoor and outdoor pools, hot tub, sauna, fitness center, tennis and racquetball courts, and direct beach access via private boardwalk. The location provides excellent walkability to popular dining and attractions, including The Ruby Slipper Café and Wolf Bay Restaurant. The building includes hurricane-rated sliding glass doors, and the association is professionally managed, supporting long-term ownership and peace of mind. This is one of the best-priced direct Gulf-front condos in Orange Beach with proven rental history and strong upside potential. Buyer to verify all information, including rental income, HOA details, and property specifications, during due diligence. Buyer to verify all information during due diligence.

Location

State AL

County Baldwin

Area Orange Beach 1

Interior

Interior Features Ceiling Fan(s), Internet

Heating Electric

Flooring Luxury Vinyl Plank

Fireplace No

Appliance Dishwasher, Microwave, Electric Range, Refrigerator, Washer/Dryer Stacked

Exterior

Parking Features Parking Lot

Pool Community, Association

Community Features BBQ Area, Common Lobby, Covered Entry, Fitness Center, Game Room, Internet, Landscaping, Pool - Outdoor, Tennis Court(s), Water Access-Deeded

Utilities Available Cable Connected

Waterfront Description Gulf Front - Building

View Y/N Yes

View Direct Gulf Front

Garage No

Building

Story 1

Sewer Public Sewer

Water Public

Unit Floor 5

New Construction No

Construction Status Resale

Schools

Elementary Schools Orange Beach Elementary

Middle Schools Orange Beach Middle

High Schools Orange Beach High

Others

Pets Allowed Owners Only

HOA Fee Include Association Management,Cable TV,Common Area Insurance,Maintenance Grounds,Pest Control,Recreational Facilities,Trash,Water/Sewer,Internet,Pool

Senior Community No

Ownership Condominium

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Listed by NextHome Coast & Country

Teresa Howard

Advisor | License ID: 122574

+1(251) 802-5988

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