$5,000,000
$5,000,000
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7 Beds
7 Baths
4,122 SqFt
SOLD DATE : 11/08/2024
Key Details
Sold Price $5,000,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 4,122 sqft
Price per Sqft $1,213
MLS Listing ID 7419821
Sold Date 11/08/24
Style Beach House
Bedrooms 7
Full Baths 7
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 2021
Annual Tax Amount $21,927
Tax Year 2022
Property Description
Stunning 7-Bedroom Beachfront Retreat with Private Pool. Outstanding Rental Revenue. Handicap accessible w/ elevator to every floor.
Discover the epitome of luxury living in this magnificent 7-bedroom home, accommodating up to 18 guests. Custom-designed interiors and exquisite furnishings create an ambiance of elegance and comfort. Sold fully furnished, this property offers a seamless transition for new owners.
Key Features:
• Beachfront Paradise: Wake up to the soothing sound of waves and step directly onto the sandy shores. Your private beach awaits!
• Handicap Accessible with Elevator
• Private Pool: Lounge by the pool, basking in the sun or enjoying a refreshing swim.
• Exceptional Rental Revenue: This home has intentionally maintained a strict pricing threshold and kept occupancy low to limit wear and tear and maintain quality. However, the rental revenue has been exceptional on the limited use.
• Proven Performance: Since its May 2022 debut, this home has grossed over $1.1 million in revenue. In 2023, even on minimal occupancy, it generated $356,681.15. Bookings for 2024 are already at an impressive $294,570. The total occupancy rate since May of 2022 has been 39.5%, but this home has been able to achieve an average daily rate of over 2,400 dollars a night since onboarding in May of 2022.
• Modern & Unique: Architecturally striking, this upscale home stands out as a one-of-a-kind gem.
• Rare Location & Built-In Appreciation: This home is beachfront and condos cannot build near its location. That means this land and home will continue to appreciate due to it being in a very rare position on Perdido Beach BLVD.
• Management: The current management company, Unwind Luxury Vacations, agrees to continue management at a most competitive price. They have outperformed the market by more than double when directly compared across other management companies with similar homes. Please request more information.
Don't miss this deal!
Location
State AL
County Baldwin
Lake Name None
Rooms
Bedroom Description Double Master Bedroom
Other Rooms None
Basement None
Main Level Bedrooms 1
Dining Room Open Concept
Interior
Interior Features Bookcases, Double Vanity, Elevator, Entrance Foyer, High Speed Internet, Walk-In Closet(s), Wet Bar
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Ceramic Tile, Wood
Fireplaces Type None
Window Features None
Appliance Dishwasher, Disposal, Dryer, Electric Oven, Gas Cooktop, Microwave, Range Hood, Refrigerator, Washer
Laundry In Hall, Laundry Closet, Main Level, Upper Level
Exterior
Exterior Feature Balcony, Lighting
Garage Carport, Covered
Fence Back Yard, Fenced
Pool In Ground, Private
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
Waterfront Description Beach Front
View Beach, Ocean
Roof Type Metal
Street Surface Asphalt
Accessibility Accessible Elevator Installed
Handicap Access Accessible Elevator Installed
Porch Covered, Deck, Patio, Rear Porch
Private Pool true
Building
Lot Description Back Yard, Cleared
Story Three Or More
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Beach House
Level or Stories Three Or More
Structure Type Concrete,Stucco
New Construction No
Construction Status Resale
Schools
Elementary Schools Orange Beach
Middle Schools Gulf Shores
High Schools Gulf Shores
Others
Senior Community no
Restrictions false
Tax ID 6606134001012000902
Special Listing Condition None
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