24160 Perdido Beach Boulevard , #2056

Description

Now priced aggressively, this direct Gulf-front 1-bedroom condo at Phoenix II offers an outstanding opportunity for investors and second-home buyers seeking strong income potential in Orange Beach. With a documented rental history over the past five years averaging approximately 69% occupancy, this unit has demonstrated consistent performance relative to market trends. This property now reflects an estimated cap rate of approximately 5.28% on a cash purchase. Located on the fifth floor, this turnkey unit features a light, coastal interior with plank-style flooring, granite countertops, light wood cabinetry, and a tumbled stone backsplash. The walk-in shower with glass enclosure adds a modern, spa-inspired feel. Floor-to-ceiling sliding glass doors open to an oversized private balcony offering sweeping, unobstructed views of the Gulf of Mexico—perfect for enjoying sunrise coffee or sunset views over the sugar-white sands. Phoenix II is a well-established Gulf-front complex offering a full suite of amenities, including indoor and outdoor pools, hot tub, sauna, fitness center, tennis and racquetball courts, and direct beach access via private boardwalk. The location provides excellent walkability to popular dining and attractions, including The Ruby Slipper Café and Wolf Bay Restaurant. The building includes hurricane-rated sliding glass doors, and the association is professionally managed, supporting long-term ownership and peace of mind. This is one of the best-priced direct Gulf-front condos in Orange Beach with proven rental history and strong upside potential. Buyer to verify all information, including rental income, HOA details, and property specifications, during due diligence. Buyer to verify all information during due diligence.