$620,000
SOLD JUN 13, 2025

The Palms East 26266 Perdido Beach Blvd Unit 514 Orange Beach, AL 36561

2 Beds
2 Baths
1,233 Sq Ft
$651/mo HOA Fee

Recently Sold

$503 Per Sq Ft

11% Below List Price

255 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Fitness Center
  • High Ceiling
  • Property fronts gulf or ocean
  • Community Indoor Pool
  • Tennis Courts

About This Home

As of June 2025

$$$ NEW PRICE $$$ ON THIS GORGEOUS GULF FRONT CONDO. PRICED BELOW COMPS IN THE PALMS. NO 2025 INSURANCE ASSESSMENT! COVERED BY STRONG RESERVES. With very recent renovations, The Palms complex boasts of many building & amenities updates: refurbished stucco, refinished tennis court, new roof, balconies, & glass in 2024. The BEST gulf front, low density complex in Orange Beach featuring GULF FRONT PRIMARY SUITES. LARGE PRIVATE balconies and spacious rooms, gulf side pool, indoor pool & spa, tennis & workout room, plus fantastic location close to restaurants & shopping make this condominium highly desirable. Beautiful gulf views for miles & the best Orange Beach sunsets. Durable POLYWOOD outdoor furnishings are colorful, impervious to weather and comfy. Take note of many desirable updates & features: fabulous walk-in tiled showers; new bathroom cabinets & countertops; new kitchen countertops, new island & stainless appliances; drop ceiling removed and replaced with decorative beadboard; no popcorn ceilings; fresh paint & colorful decor create a relaxing, move in ready beachfront getaway that requires no remodeling. UNIT CURRENTLY HAS TWO WALK IN SHOWERS BUT SELLER WILL INSTALL A TUB IN ONE WITH ACCEPTABLE OFFER. Sink into the new luxury leather sofa and watch the waves and boats pass by. HVAC replaced 2021. Unit was never rented and is in sparkling condition. Renters love this complex and return year after year. Rental Projection of $55,000 per year gross. Unit conveys turnkey furnished and ready to start a fantastic rental opportunity. Just bring your flip flops and shades to enjoy this wonderful second home or investment property. Buyer to verify all information during due diligence.

Last Agent to Sell the Property

Mary Fran Hershiser

Goode Realty, LLC Listed on: 09/09/2024

Last Buyer's Agent

Michelle Bigler

Bayside Real Estate Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,064

Year Built

  • Built in 1996

Lot Details

  • Property fronts gulf or ocean
  • Landscaped

HOA Fees

  • $651 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 5th floor
  • Reinforced Concrete Foundation
  • Stucco

Interior Spaces

  • 1,233 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deeded Waterfront Access Rights
  • Balcony
  • Outdoor Storage

Schools

  • Orange Beach Elementary School
  • Orange Beach Middle School
  • Orange Beach High School

Utilities

  • Central Heating and Cooling System
  • Internet Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 6502090002068.009.927

Community Details

Overview

  • Association fees include management, cable TV, common area insurance, ground maintenance, pest control, recreational facilities, reserve funds, security, trash, water/sewer, internet, pool
  • 99 Units
  • Community features wheelchair access

Amenities

  • Community Barbecue Grill
  • Lobby

Recreation

  • Community Spa

Pet Policy

  • Only Owners Allowed Pets

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,064

Year Built

Built in 1996

Lot Details

0

HOA Fees

$651 per month

Listing Details

  • Property Type: Residential
  • View: Direct Gulf Front
  • Parcel Number: 6502090002068.009.927
  • Year Built: 1996
  • Property Sub-Type: Condominium
  • ResoCommunityFeatures: BBQ Area, Common Lobby, Condo 2-Bdrms in Complex, Condo 3-Bdrms in Complex, Covered Entry, Fitness Center, Internet, Pool - Indoor, Landscaping, Pool - Outdoor, Satellite TV, Tennis Court(s), Wheelchair Accessible, Water Access-Deeded
  • Water Body Name: Gulf of Mexico/America
  • ResoSecurityFeatures: Smoke Detector(s), Fire Sprinkler System
  • Co List Office Phone: 251-981-2929
  • Ownership: Leasehold
  • MLS Status: Closed
  • Subdivision Name: The Palms
  • ResoBuildingAreaSource: Assessor
  • Carport Y N: No
  • Entry Level: 5
  • Reso Interior Features: Ceiling Fan(s), En-Suite, High Ceilings
  • Unit Levels: One
  • Living Area: 1233
  • New Construction: No
  • Property Attached Yn: Yes
  • ResoPropertyCondition: Resale
  • Reso Structure Type: Condo
  • Reso Window Features: Window Treatments
  • Financial Info Electric: Baldwin EMC
  • BK20_LFD_BoatFacilities_4: None
  • Kitchen Level: Main
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator w/Ice Maker, Washer
  • Spa Features: Community
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Tile
  • Stories: 1
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Area: 194.4
  • Master Bedroom Master Bedroom Width: 12
  • Room Bedroom2 Level: Main
  • Master Bedroom Features: Balcony/Patio, Direct Gulf View-Primary
  • Room Kitchen Area: 180
  • Room Master Bedroom Area: 168

Exterior Features

  • Waterfront: Yes
  • Pool Features: Community, Association
  • View: Yes
  • Waterfront Features: Beach Side - Building, Gulf Front - Building
  • Home Warranty: No
  • Construction Type: Stucco, P-I-P Reinforced Concrete
  • Exterior Features: Storage

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot

Utilities

  • Utilities: Cable Connected
  • Cooling: Central Electric (Cool)
  • Cooling Y N: Yes
  • Heating: Electric, Central
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association Fee: 651
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Owners Only

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Common Area Insurance, Maintenance Grounds, Pest Control, Recreational Facilities, Reserve Funds, Security, Trash, Water/Sewer, Internet, Pool

Schools

  • Middle Or Junior School: Orange Beach Middle

Lot Info

  • ResoLotSizeUnits: Square Feet

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units In Community: 99

Tax Info

  • Tax Annual Amount: 4064

MLS Schools

  • Elementary School: Orange Beach Elementary
  • HighSchool: Orange Beach High

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 Sold $620,000 -3.1% $503 / Sq Ft
05/22/2025 05/22/25 Pending -- -- --
04/27/2025 04/27/25 Price Changed $640,000 -2.9% $519 / Sq Ft
01/28/2025 01/28/25 Price Changed $659,000 -3.8% $534 / Sq Ft
12/10/2024 12/10/24 Price Changed $685,000 -1.3% $556 / Sq Ft
09/09/2024 09/09/24 For Sale $694,000 +39.4% $563 / Sq Ft
03/16/2021 03/16/21 Sold $498,000 0.0% $404 / Sq Ft
01/26/2021 01/26/21 Pending -- -- --
12/22/2020 12/22/20 Price Changed $498,000 +2.7% $404 / Sq Ft
02/09/2020 02/09/20 Price Changed $485,000 +4.3% $393 / Sq Ft
11/07/2019 11/07/19 Price Changed $464,900 +1.1% $377 / Sq Ft
08/08/2019 08/08/19 Price Changed $459,900 +2.7% $373 / Sq Ft
02/23/2019 02/23/19 For Sale $447,900 -- $363 / Sq Ft
Source: Baldwin REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Baldwin REALTORS®

MLS Number: 367663

Baldwin REALTORS®