$382,500
$17K PRICE DROP

507 W Beach Blvd Unit 402 Gulf Shores, AL 36542

Estimated payment $2,535/month

Total Views 10,550
2 Beds
1 Bath
720 Sq Ft
$531 Price per Sq Ft

Highlights

  • Property fronts gulf or ocean
  • Community Pool
  • Central Heating
  • Gulf Shores Elementary School Rated A-
  • Tile Flooring
  • Ceiling Fan

About This Home

Seller offering to cover 12 months of HOA dues to new buyer. This charming Beachfront condo is in a low density, two storied complex that offers a fantastic partial ocean view and quick access to the beach. Located in the heart of Gulf Shores, Ocean Reef is within walking distance to the Hang Out, local restaurants, and popular attractions. From this unit you will have views of the courtyard pool and the Gulf of Mexico. This short-term rental has covered parking as well as a large outdoor deck. Don’t miss out on this rare opportunity to own a piece of Gulf Shores paradise! Buyer to verify all information during due diligence.

Listing Agent

April McCraney

Lewis & Co. Real Estate Listed on: 04/15/2025

Lewis & Co. Real Estate

Co-Listing Agent

Andrew Lewis

Lewis & Co. Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,318

Year Built

  • Built in 1982

HOA Fees

  • $336 Monthly HOA Fees

Parking

  • Covered Parking

Home Design

  • Entry on the 2nd floor
  • Concrete Fiber Board Siding
  • Piling Construction

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Gulf Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Gulf Shores Elementary School
  • Gulf Shores Middle School
  • Gulf Shores High School

Additional Features

  • Property fronts gulf or ocean
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 6604203000003.000.926

Community Details

Overview

  • Association fees include common area insurance, ground maintenance, trash, water/sewer, internet, pool
  • 45 Units

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,318

Year Built

Built in 1982

Lot Details

0

HOA Fees

$336 per month

Listing Details

  • Property Type: Residential
  • View: Indirect Gulf Side
  • Parcel Number: 6604203000003.000.926
  • Year Built: 1982
  • Property Sub-Type: Condominium
  • ResoCommunityFeatures: Pool - Outdoor
  • Water Body Name: Gulf of Mexico/America
  • Co List Office Phone: 713-294-5518
  • Co List Office Phone: 713-294-5518
  • Ownership: Condominium
  • MLS Status: Active
  • Subdivision Name: Ocean Reef
  • ResoBuildingAreaSource: Assessor
  • Carport Y N: No
  • Entry Level: 2
  • Reso Interior Features: Ceiling Fan(s)
  • Unit Levels: One
  • Living Area: 720
  • New Construction: No
  • Property Attached Yn: Yes
  • ResoPropertyCondition: Resale
  • Reso Structure Type: Condo
  • Financial Info Electric: Baldwin EMC
  • BK20_LFD_BoatFacilities_4: None
  • Kitchen Level: Main
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Electric Range, Refrigerator, Refrigerator w/Ice Maker
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Tile
  • Stories: 1
  • Living Room Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Level: Main

Exterior Features

  • Waterfront: Yes
  • Pool Features: Community, Association
  • View: Yes
  • Waterfront Features: Beach Side - Building, Gulf Front - Building
  • Construction Type: Concrete Board
  • Foundation Details: Pilings

Garage/Parking

  • Attached Garage: No
  • Parking Features: Covered

Utilities

  • Heating: Electric, Central
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association Fee: 336
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Area Insurance, Maintenance Grounds, Trash, Water/Sewer, Internet, Pool

Schools

  • Middle Or Junior School: Gulf Shores Middle

Multi Family

  • Number Of Units In Community: 45

Tax Info

  • Tax Annual Amount: 2317.92

MLS Schools

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

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $2,744 $83,160 $0 $83,160
2023 $2,318 $70,240 $0 $70,240
2022 $1,797 $54,440 $0 $0
2021 $1,705 $50,660 $0 $0
2020 $1,521 $45,080 $0 $0
2019 $1,411 $41,760 $0 $0
2018 $1,221 $36,000 $0 $0
2017 $1,055 $30,960 $0 $0
2016 $888 $25,920 $0 $0
2015 $888 $25,920 $0 $0
2014 $793 $23,040 $0 $0
2013 -- $20,880 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2025 12/01/25 Price Changed $382,500 -1.9% $531 / Sq Ft
11/04/2025 11/04/25 Price Changed $389,990 -2.5% $542 / Sq Ft
04/15/2025 04/15/25 For Sale $399,990 +9.6% $556 / Sq Ft
03/04/2022 03/04/22 Sold $365,000 +0.3% $507 / Sq Ft View Prior Sale
01/24/2022 01/24/22 Pending -- -- --
01/22/2022 01/22/22 For Sale $363,999 +40.5% $506 / Sq Ft
04/01/2020 04/01/20 Sold $259,000 -0.4% $360 / Sq Ft View Prior Sale
03/04/2020 03/04/20 Pending -- -- --
02/08/2020 02/08/20 For Sale $260,000 +33.3% $361 / Sq Ft
11/17/2017 11/17/17 Sold $195,000 -4.8% $271 / Sq Ft View Prior Sale
10/11/2017 10/11/17 Pending -- -- --
09/25/2017 09/25/17 For Sale $204,900 -- $285 / Sq Ft
Source: Baldwin REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $272,500 Professional Land Title
Warranty Deed $365,000 None Listed On Document
Warranty Deed $259,000 None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $328,500 New Conventional
Previous Owner $194,250 New Conventional
Previous Owner $146,250 New Conventional
Source: Public Records

Source: Baldwin REALTORS®

MLS Number: 377610

Baldwin REALTORS®

APN: 66-04-20-3-000-003.000-926

Alabama Baldwin County Gulf Shores 36542

507 W Beach Blvd Unit 402, Gulf Shores, AL

For Sale

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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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Listing Agent
April McCraney
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Lewis & Co. Real Estate
(251) 356-2178