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Rebecca Wilson, RE/MAX Gulf Shores
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Listing Photo 296000
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MLS Number: 296000
Complex Name: Ocean Reef
Unit #: South
List Price: $217,500
View: Other-See Remarks
Address: 507 W Beach Blvd
City: Gulf Shores
Area: Gulf Shores 1
Community Amenities: Pool - Outdoor
Apx Living Sqft: 572
Furnished:  
Bedrooms: 1
Full Baths: 1
Half Baths: 0
Appliances: Dishwasher, Disposal, Microwave, Range-Electric, Refrigerator w/Ice Maker
Utilities: Sewage-City, Water-City
Remarks: Here is a chance to own your own piece of paradise at a great price! Cute 1br/1ba condo in a Gulf front complex. This condo has been a rental workhorse for us for 10 years and now we are retiring to travel. We are putting this moneymaker on the market - our loss is your cash flow! Modern 16x18 neutral ceramic floor tile, we have done many upgrades including fresh paint, black and stainless appliances, new AC unit, etc during our ownership. Sold fully furnished and ready to start making you money from day 1. Ocean Reef is a small ocean front complex containing 1 BR, 1 BR+ loft, 2 BR, and a few 3 BR ocean front townhomes. HOA fees are only $217 for our unit, insurance is approx $932, and utilities (detail available) usually in the $150 range. Complex has tropically landscaped pool with charcoal grills, and an onsite coin operated laundry. In 2018 and 2019 combined, rents recorded through VRBO only, were $41, 454.73, creating a great ROI. This does not include rentals to friends and yearly return renters who book directly through us! The entire complex recently received complete facelift with new siding, paint, and a new metal roof, ready for the next 25 years or so!
Boat Facilities: None
Water Property Type: Gulf Accs (Wlk <=1/4 Mi), Other-See Remarks
Directions: HWY 59 South to the end and turn right (West) Go 4 blocks and on the left.
Listing Photo 293485
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MLS Number: 293485
Complex Name: Ocean Reef
Unit #: 203
List Price: $299,900
View: Pool Area View
Address: 507 W Beach Blvd
City: Gulf Shores
Area: Gulf Shores 1
Community Amenities: BBQ Area, Condo 1-Bdrms in Complex, Condo 2-Bdrms in Complex, Condo 3-Bdrms in Complex, Pets - Owners Only
Apx Living Sqft: 987
Furnished: Yes
Bedrooms: 3
Full Baths: 2
Half Baths: 0
Appliances: Dishwasher, Microwave, Refrigerator w/Ice Maker
Utilities: Sewage-City, Total Electric, Water-City, Baldwin EMC
Remarks: GREAT BEACHSIDE PRICE! This private condo is located around the pool area. The complex is walking distance (.5 mi) from the main public beach area where many shops and restaurants are located. The complex is low density with only 45 condos with 200' of beach frontage. The tropical pool area is very popular. The interior of this condo is in great condition with only personal usage. Assigned, covered parking is another great feature.
Boat Facilities: None
Water Property Type: Beach Side - Building
Directions: From Hwy 59, turn right on West Beach Blvd. Complex will be on the left 1/4 mile down West Beach Blvd.