For the first time in over twenty years, this stunning Gulf front west corner penthouse unit is for sale! The condo features expansive Gulf views from the living room and kitchen, an oversized southern balcony, floor to ceiling glass installed in 2018/19, custom drapes, and Italian tile floors. The complex offers an outdoor pool, kiddie pool, barbecue area, exercise room, and easy access to the beach. The highly sought-after Island Winds complex is located less than 4/10 of a mile from Hwy 59, adjacent to the Alabama State Park, and only steps to the Hangout and other dining and shopping. The HVAC was replaced in 2019, hot water heater in 2020, and disposal in 2019. Rental returns are excellent in this building due to its convenient location (TurnKey Vacation Rentals projection of $55,433 generating a 5.91% Cap Rate and an Internal Rate of Return of 23.30% over a ten year hold period)! This unit can also be purchased with a private one car garage (G2) that includes an additional surface parking space (MLS 298104 - priced at $35,000).
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Listing information last updated on June 5th, 2020 at 2:00pm CDT.