NOT LISTED FOR SALE

1940 W Beach Blvd Unit 501 Gulf Shores, AL 36542

Estimated Value: $726,000 - $845,000

3 Beds
3 Baths
1,860 Sq Ft
$419/Sq Ft Est. Value

Last Sold July 20, 2023

Last sale price $740,000 $398 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,570/month

128 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Fishing Pier
  • Home fronts a lagoon or estuary
  • Gulf Shores Elementary School Rated A-
  • Fitness Center
  • Gulf View

About This Home

As of July 2023

Fantastic upscale 5th floor condo with great views of the Gulf and the Lagoon. Huge living room with floor to ceiling windows show off the wonderful views complete with stainless appliances, granite and high ceilings. Lagoon Tower offers secure entry, indoor and outdoor pools, exercise room, fishing pier, first come first serve boat slips and deeded beach access. With only 32 Residences Lagoon Tower offers low density, privacy and elegance.

Last Agent to Sell the Property

David Milstead

Bellator Real Estate, LLC Comm Listed on: 03/07/2023

Bellator Real Estate, LLC Comm

Last Buyer's Agent

Gene Hurd

Hurd Real Estate & Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,632

Year Built

  • Built in 2005

Lot Details

  • 0.97

HOA Fees

  • $825 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Reinforced Concrete Foundation
  • Slab Foundation
  • Stucco Exterior

Interior Spaces

  • 1,860 Sq Ft Home
  • Wet Bar
  • Furnished
  • Combination Dining and Living Room
  • Gulf Views
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Outdoor Features

  • Deeded Waterfront Access Rights
  • Water access To Gulf or Ocean
  • Access To Lagoon or Estuary

Schools

  • Gulf Shores Elementary School
  • Gulf Shores High School

Additional Features

  • Home fronts a lagoon or estuary
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 298502

Community Details

Overview

  • Association fees include management, cable, common area insurance, common area maintenance, recreational facilities, reserve funds, security, taxes-common area, trash, water/sewer, internet, pool
  • 2 Elevators
  • Lagoon Tower Community
  • The community has rules related to covenants, conditions, and restrictions
  • 19-Story Property

Recreation

  • Fishing Pier
  • Fitness Center
  • Community Indoor Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,632

Year Built

Built in 2005

Lot Details

0

HOA Fees

$825 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: P-I-P Reinforced Concrete, Slab & Piers
  • Construction Status: Resale
  • Flood Zone: Yes
  • Property Amenities: Wet Bar
  • Property Type: Residential Attached
  • Restrictive Covenants: Yes
  • Style: Condo
  • View: Direct Gulf-Across Rd, Direct Lagoon Front, Northern View, Southern View
  • Owners Association: Yes
  • Parcel Id Tax Id: 298502
  • Year Built: 2005
  • Geo Subdivision: AL
  • Governing Municipality: Gulf Shores
  • Living Room Group: Living/Dining
  • Property Legal Description: LAGOON TOWER UNIT 501 IN THE CITY OF GULF SHORES SEC 2 3-T9S-R3E (ST WD) IN#1434727
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Range-Electric, Refrigerator, Smoke Detector
  • Estimated Living Area: 1860
  • Bathrooms: 3
  • Bedroom 2: Dimensions: 11x14, On Level: Main Level
  • Bedroom 3: Dimensions: 11x11, On Level: Main Level
  • Bedrooms: 3
  • Elevators: 2
  • Floors: Carpet, Tile
  • Kitchen: Dimensions: 10x15, On Level: Main Level
  • Living Dining: Dimensions: 23' X 25', On Level: Lower Level
  • Master Bed: Dimensions: 13X16, On Level: Main Level
  • Price Per Sq Ft: 397.85
  • Property Interior Stories: 1
  • Unit Floor: 5
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: Double Vanity, Jetted Tub, Separate Shower, Walk In Closet, Balcony/Patio

Exterior Features

  • Boat Facilities: Slip-1st Come 1st Served
  • Body Of Water: Little Lagoon
  • Exterior Finish: Stucco
  • Waterfront: Yes
  • Water Property Type: Deeded Access, Gulf Accs (Wlk <=1/4 Mi), Lagoon Acc (Wlk <=1/4 Mi), Lagoon Front - Building

Garage/Parking

  • Garage Parking: Condo: Lot Parking

Utilities

  • Heat Cooling: Central Electric, Central Electric (Cool)
  • Utilities: Baldwin Emc

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fees: 825
  • Association Fees Include: Association Management, Cable, Common Area Insurance, Common Area Maintenance, Recreational Facilities, Reserve Funds, Security, Taxes-Common Area, Trash, Water/Sewer, Internet, Pool
  • Community Amenities: Exercise Room, Fishing Pier, Pool - Indoor, Pool - Outdoor, Pets - Owners Only, Pets - Limited # Pets
  • Condo Building Stories: 19
  • Condo Complex: Lagoon Tower

Fee Information

  • Transfer Fees: Yes

Schools

  • Elementary School: Gulf Shores Elementary
  • High School: Gulf Shores High

Lot Info

  • Lot Block Unit: Unit 501
  • Lot Description: 1-3 Acres
  • Number Lots: 1

Rental Info

  • Furnished: Yes

Tax Info

  • Property Taxes: 1632
  • Assessor Parcel Number: 298502

MLS Schools

  • Elementary School: Gulf Shores Elementary
  • HighSchool: Gulf Shores High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2023
Closed on
Jul 14, 2023
Sold by
Jacks Gerald H
Bought by
Jacks Gerald H
Seller's Agent
David Milstead
Bellator Real Estate, LLC Comm
Buyer's Agent
Gene Hurd
Hurd Real Estate & Company
List Price
$775,000
Sold Price
$740,000
Premium/Discount to List
-$35,000
-4.52%
Views
275
Current Estimated Value
$782,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,500
Avg. Annual Appreciation
5.28%

Purchase Details

Closed on
Mar 18, 2015
Sold by
Nichols H Thomas
Bought by
Jacks Gerald H

Purchase Details

Closed on
Dec 16, 2013
Sold by
Sharpe Street Properties Llc
Bought by
Jacks Gerald H and Thomas Nichols H

Purchase Details

Closed on
Sep 5, 2012
Sold by
First National Bank Of Baldwin County
Bought by
Sharpe Street Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,200
Interest Rate
3.58%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 27, 2012
Sold by
Hoffman Michael
Bought by
First National Bank Of Baldwin County

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,200
Interest Rate
3.58%
Mortgage Type
Unknown

Purchase Details

Closed on
May 18, 2007
Sold by
Lagoon Tower Inc
Bought by
Hoffman Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$669,600
Interest Rate
6.12%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jacks Gerald H -- None Listed On Document
Jacks Gerald H $316,500 None Available
Jacks Gerald H $316,500 None Available
Sharpe Street Properties Llc -- None Available
First National Bank Of Baldwin County $250,000 None Available
Hoffman Michael -- Slt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jacks Gerald H $199,965
Previous Owner Sharpe Street Properties Llc $300,200
Previous Owner Hoffman Michael $669,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2023 07/20/23 Sold $740,000 -4.5% $398 / Sq Ft
03/07/2023 03/07/23 For Sale $775,000 -- $417 / Sq Ft
Source: Baldwin REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,070 $153,640 $0 $153,640
2023 $2,394 $72,540 $0 $72,540
2022 $2,179 $66,040 $0 $0
2021 $1,633 $49,480 $0 $0
2020 $1,633 $49,480 $0 $0
2019 $1,657 $50,220 $0 $0
2018 $1,657 $50,220 $0 $0
2017 $1,596 $48,360 $0 $0
2016 $1,283 $38,880 $0 $0
2015 $1,197 $36,280 $0 $0
2014 $2,443 $72,540 $0 $0
2013 -- $63,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Milstead

    Seller's Agent in 2023

    David Milstead

    Bellator Real Estate, LLC Comm

    (251) 458-8202

    33 Total Sales

    Section Image
  • Gene Hurd

    Buyer's Agent in 2023

    Gene Hurd

    Hurd Real Estate & Company

    (850) 565-0018

    88 Total Sales

    Section Image
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Map

Source: Baldwin REALTORS®

MLS Number: 342766

Baldwin REALTORS®

APN: 67-06-23-3-001-014.000-907

Alabama Baldwin County Gulf Shores 36542

1940 W Beach Blvd Unit 501, Gulf Shores, AL

This home is located at 1940 W Beach Blvd Unit 501, Gulf Shores, AL 36542 since 07 March 2023 and is currently estimated at $779,000, approximately $418 per square foot. This property was built in 2005. 1940 W Beach Blvd Unit 501 is a home located in Baldwin County with nearby schools including Gulf Shores Elementary School, Gulf Shores Middle School, and Gulf Shores High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Baldwin REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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