517 East Beach Blvd Unit 5c, Gulf Shores


1 Beds
1 Baths
700 Sqft
0 Acres
0 Garages

Sellers will pay The HOA fee & Octobers special assessment with acceptable offer for the rest of 2019, approx value $4800.00 as of 05/09/2019, So Investors this unit should yield over 12.5% in 2019 based on the income already booked for the rest of the year. Yielded 11.5% in 2018 . This condo has grossed over $30,000 pa for the last 5 years and income only getting higher, Not many units on the market today offer such a strong income and high yield. Clearwater Condominium has undergone extensive updating including a new roof, stucco, repainted, new elevator, landscaping and new communal grill area by the pool. This well presented 1 bedroom condo in the heart of Gulf Shores with amazing direct gulf front views across the sugar white sandy beach and the Gulf of Mexico is tastefully decorated throughout with granite and hard wood cabinets in the kitchen and breakfast bar, tiled open plan living space leading directly onto the south facing balcony. The bedroom is well proportioned with private access to the bathroom, full length bunks in the hallway are ideal for the rental market. Turn key and ready to go this is the perfect set up for a no hassle rental investment or 2nd home.

Essential Information
MLS® #276248
Full Baths1
Square Footage700
Year Built1998

Residential Attached, One Bedroom

Community Information
Address517 East Beach Blvd Unit 5c
AreaGulf Shores 1
CityGulf Shores
Zip Code36542
UtilitiesGulf Shores Utilities
FeaturesCeiling Fan(s)
Is WaterfrontYes
Has PoolYes

BBQ Area, Pool - Outdoor, Pets - Allowed, Water Access-Deeded, Fire Sprinkler System, Internet, Pets - Owners


Direct Gulf Front, Southern View


Beach Side - Building, Deeded Access, Gulf Front - Building, Gulf of Mexico

InteriorCarpet, Tile
CoolingCentral Electric
# of Stories1
Interior Features

Ceiling Fan(s), Internet, Bunk Alcove


Dishwasher, Disposal, Icemaker, Microwave, Range-Electric, Refrigerator, Smoke Detector, Stack Washer/Dryer

FoundationSlab & Piers
School Information
ElementaryGulf Shores Elementary
HighGulf Shores
Additional Information
Date ListedNovember 3rd, 2018
Days on Market197
HOA Fees488.00
HOA Fees Freq.Monthly
Listing Details
OfficeRE/MAX of Gulf Shores

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Listing information last updated on May 19th, 2019 at 10:00am CDT.

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