Back 702/561 E Beach Blvd
Off Market

702/561 E Beach Blvd

Gulf Shores AL 36542

1
2
676 sq. ft.
69300 sq. ft.
Condo
Last sold for $520,000
Lee MasonLee Mason, last sold this property on 22 October 2024 after 544 days on market.

Overview

Royal Palms offers breathtaking views from the balcony of this ideal location. It is located within walking distance to the Gulf State Park and Fishing Pier. This 1 bedroom, 2 bath sleeps 6 with the bunks in the hallway. It has tile floors throughout, stainless steel appliances, granite countertops and flat screen TVs. Property amenities include outdoor and indoor pool, steam room, BBQ station, sauna and fitness center. It's ready for its new owners with fresh paint and a new sofa. Royal Palms 702 did $50,458 in gross rentals from 1/15/2021 to 12/31/2021. Rental numbers for 2022 and 2023 averaged over $50,000. This unit can be shown during rental turns. Buyer to verify all information during due diligence.

Features

1 bedroom
2 bathrooms
676 sq. ft. floor area
69300 sq. ft. lot size
Condo

Estimated Value

Based on this property and similar 1 bedroom condos sold in Gulf Shores over the last 12 months, the estimated median property value of 702/561 E Beach Blvd is $281.25k.

Median value
$281.25k
Estimated value range
$146k - $590k
Median days on market
129
Estimated value trend
-12%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Gulf Shores. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 702/561 E Beach Blvd

2024
Sold
$520,000
22 Oct 2024 by Lee Mason, of SeaMitchell Realty & Gulf Beach Rentals
2021
Sold
$355,000
15 Jan 2021 by Brian Reinhardt, of SeaMitchell Realty & Gulf Beach Rentals
2020
Sold
$340,000
25 Mar 2020 by Brian Reinhardt, of Real Estate Counselors, Inc.

Happy sellers in Gulf Shores

64%
64% of sellers in Gulf Shores reported that their sale price either exceeded or met their price expectations.

Gulf Shores stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 31 reviews in Gulf Shores over the last 12 months.

Local market activity for 1 bedroom condos in Gulf Shores

In the last 12 months, 96 one-bedroom condos similar to 702/561 E Beach Blvd, have been sold.

This represents a 38% decrease in one-bedroom condos sales when compared to the previous 12 months.

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