$209,900

497 Plantation Rd Unit 1263 Gulf Shores, AL 36542

Fort Morgan Neighborhood

Estimated payment $1,478/month

Total Views 673
-- Bed
1 Bath
464 Sq Ft
$452 Price per Sq Ft

Highlights

  • Property fronts gulf or ocean
  • Fitness Center
  • In Ground Pool
  • Steam Room
  • Gated with Attendant
  • Community Barbecue Grill

About This Home

Rental Machine! Gulf-Front Studio in a Family-Friendly Resort. Welcome to your relaxing beach getaway! This gulf-front studio is located in one of the most sought-after destinations along the Alabama coast. Situated on the Gulf of Mexico in beautiful Fort Morgan, this resort offers a peaceful retreat away from the hustle and bustle of Gulf Shores — yet still just a short drive to shopping, dining, and entertainment. Enjoy the beautiful sugar-white sand beaches, perfect for spreading out, relaxing, and soaking up the sun without the crowds.Resort amenities include 6 outdoor swimming pools, 2 outdoor hot tubs, indoor hot tub, sauna & fitness center, tennis, putting green, volleyball, basketball & shuffleboard courts, laundry facilities (credit card friendly), boardwalks, BBQ areas & picnic spaces. There is also on on-site restaurant, ice cream shop, and coffee shop.Whether you’re looking for a family vacation spot, an investment property, or a peaceful couple’s escape, this studio offers everything you need. Leave your stress behind, breathe in the salty air, and put your toes in the sand. This unit is currently listed on Airbnb and gross rents for 2024 were $31,134 with 2025 on track to do similar numbers. This unit has a cap rate of 9.8%. Buyer to verify all information during due diligence.

Listing Agent

Melissa Lohmeier

RE/MAX of Orange Beach Brokerage Phone: 251-256-6231 Listed on: 08/04/2025

RE/MAX of Orange Beach

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,169

Year Built

  • Built in 1985

Lot Details

  • Property fronts gulf or ocean

HOA Fees

  • $232 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Studio
  • Slab Foundation
  • Wood Frame Construction
  • Concrete Fiber Board Siding
  • Hardboard

Interior Spaces

  • 1 Full Bathroom
  • 464 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Gulf Views
  • Termite Clearance

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Pool

  • In Ground Pool
  • Heated Spa

Schools

  • Foley Elementary School
  • Foley Middle School
  • Foley High School

Utilities

  • Central Heating
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 6809290000003.006.990
  • $2,500 per year additional tax assessments

Community Details

Overview

  • Association fees include management, cable TV, common area insurance, ground maintenance, recreational facilities, reserve funds, security, trash, water/sewer, internet, pool
  • 107 Units

Amenities

  • Community Barbecue Grill
  • Steam Room
  • Laundry Facilities

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • No Pets Allowed

Security

  • Gated with Attendant

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,169

Year Built

Built in 1985

Lot Details

0

HOA Fees

$232 per month

Listing Details

  • Property Type: Residential
  • View: Indirect Gulf Side
  • Parcel Number: 6809290000003.006.990
  • Year Built: 1985
  • Property Sub-Type: Condominium
  • ResoCommunityFeatures: BBQ Area, Fitness Center, Internet, Pool - Outdoor, Steam/Sauna
  • ResoLaundryFeatures: Common Area
  • Water Body Name: Gulf of Mexico/America
  • ResoSecurityFeatures: Gated with Guard
  • Attribution Contact: PHONE: 251-256-6231
  • Co List Office Phone: 251-981-2400
  • Ownership: Condominium
  • MLS Status: Active
  • Subdivision Name: Gulf Shores Plantation
  • ResoBuildingAreaSource: Assessor
  • Carport Y N: No
  • Entry Level: 2
  • Reso Fireplace Features: None
  • Reso Interior Features: Ceiling Fan(s), Internet
  • Unit Levels: One
  • Living Area: 464
  • New Construction: No
  • Property Attached Yn: Yes
  • ResoPropertyCondition: Resale
  • Reso Structure Type: Condo, Studio/Efficiency
  • Financial Info Electric: Baldwin EMC
  • BK20_LFD_BoatFacilities_4: None
  • Kitchen Level: Main
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
  • Spa Features: Community, Heated
  • Private Spa: Yes
  • Full Bathrooms: 1
  • Fireplace: No
  • Flooring: Tile, Luxury Vinyl Plank
  • Stories: 1
  • Living Room Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main

Exterior Features

  • Waterfront: Yes
  • Pool Features: Community, In Ground, Association
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Gulf Front - Building
  • Home Warranty: No
  • Construction Type: Concrete Board, Hardboard, Wood Frame
  • Exterior Features: Termite Contract
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot

Utilities

  • Utilities: Cable Connected
  • Heating: Electric, Central
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association Fee: 232
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: No Pets

Fee Information

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

Schools

  • Middle Or Junior School: Foley Middle

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units In Community: 107

Tax Info

  • Tax Annual Amount: 1169.28
  • Tax Other Annual Assessment Amount: 2500

MLS Schools

  • Elementary School: Foley Elementary,Foley Intermediate
  • HighSchool: Foley High

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,117 $39,900 $0 $39,900
2023 $1,091 $38,980 $0 $38,980
2022 $909 $32,480 $0 $0
2021 $780 $27,840 $0 $0
2020 $733 $25,520 $0 $0
2019 $668 $23,200 $0 $0
2018 $616 $21,340 $0 $0
2017 $577 $19,960 $0 $0
2016 $447 $15,320 $0 $0
2015 $447 $15,320 $0 $0
2014 $434 $14,840 $0 $0
2013 -- $7,420 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 For Sale $209,900 +99.9% $452 / Sq Ft
04/13/2017 04/13/17 Sold $105,000 0.0% $226 / Sq Ft
03/16/2017 03/16/17 Pending -- -- --
01/13/2016 01/13/16 For Sale $105,000 -- $226 / Sq Ft
Source: Baldwin REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $162,400 Taupeka Law Llc
Warranty Deed $105,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $61,000 New Conventional
Closed $83,342 Credit Line Revolving
Source: Public Records

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Source: Baldwin REALTORS®

MLS Number: 383223

Baldwin REALTORS®

APN: 68-09-29-0-000-003.006-990