$370,000
$80K PRICE DROP

507 W Beach Blvd Unit 502 Gulf Shores, AL 36542

Estimated payment $2,491/month

Total Views 35,340
2 Beds
1 Bath
720 Sq Ft
$514 Price per Sq Ft

Highlights

  • Deeded Waterfront Access Rights
  • Property fronts gulf or ocean
  • Resident Manager or Management On Site
  • Gulf Shores Elementary School Rated A-
  • Community Pool
  • Community Barbecue Grill

About This Home

Looking for your piece of paradise? This cozy, coastal condo offers the perfect beachside retreat with 2 bedrooms, 1 bathroom, and charming light and airy furnishings and décor throughout. Enjoy balcony access from both bedrooms and the living area, with views overlooking the sparkling pool. The unit features durable luxury vinyl plank flooring throughout and a fully equipped kitchen with painted cabinets, overlooking the breakfast area—ideal for a vacation getaway or investment property. Additional highlights include assigned owner parking, easy beach access just steps away, a large outdoor pool area with grills and plenty of seating, and a convenient laundry facility underneath the condo. The HVAC unit was replaced in September 2023. Located in a prime spot within walking distance to popular restaurants, shopping, and entertainment. Don’t miss out on this fantastic opportunity! Buyer to verify all information during due diligence.

Listing Agent

Clarke Armstrong

RE/MAX of Orange Beach Brokerage Phone: 251-543-6093 Listed on: 06/01/2024

RE/MAX of Orange Beach

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,208

Year Built

  • Built in 1982

HOA Fees

  • $366 Monthly HOA Fees

Property Views

  • Gulf
  • Pool

Home Design

  • Entry on the 1st floor
  • Concrete Fiber Board Siding
  • Piling Construction

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Home Security

Parking

  • 2 Parking Spaces
  • Covered Parking
  • Parking Lot
  • Assigned Parking

Schools

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

Utilities

  • Heating Available
  • Internet Available
  • Cable TV Available

Additional Features

  • Deeded Waterfront Access Rights
  • Property fronts gulf or ocean

Listing and Financial Details

  • Assessor Parcel Number 6604203000003.000930

Community Details

Overview

  • Association fees include management, common area insurance, ground maintenance, pest control, taxes-common area, trash, water/sewer, internet, pool
  • 45 Units

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • Only Owners Allowed Pets

Security

  • Resident Manager or Management On Site
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,208

Year Built

Built in 1982

Lot Details

0

HOA Fees

$366 per month

Listing Details

  • Property Type: Residential
  • View: Indirect Gulf Side, Pool Area View
  • Parcel Number: 6604203000003.000930
  • Year Built: 1982
  • Property Sub-Type: Condominium
  • ResoCommunityFeatures: BBQ Area, On-Site Management, Pool - Outdoor, Water Access-Deeded
  • ResoLaundryFeatures: Common Area
  • Water Body Name: Gulf of Mexico/America
  • ResoSecurityFeatures: Fire Sprinkler System
  • Attribution Contact: PHONE: 251-543-6093
  • Co List Office Phone: 251-981-2400
  • Ownership: Condominium
  • MLS Status: Active
  • Subdivision Name: Ocean Reef
  • ResoBuildingAreaSource: Assessor
  • Carport Y N: No
  • Entry Level: 1
  • Reso Interior Features: Ceiling Fan(s), Internet
  • 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, Microwave, Electric Range, Refrigerator w/Ice Maker
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Luxury Vinyl Plank
  • Stories: 1
  • Dining Room Features: Lvg/Dng Combo
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Level: Main

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned, Covered, Parking Lot
  • Total Parking Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Association Fee: 366
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Owners Only

Fee Information

  • Association Fee Includes: Association Management, Common Area Insurance, Maintenance Grounds, Pest Control, Taxes-Common Area, Trash, Water/Sewer, Internet, Pool

Schools

  • Middle Or Junior School: Gulf Shores Middle

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units In Community: 45

Tax Info

  • Tax Annual Amount: 2207.7

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 $2,614 $79,200 $0 $79,200
2023 $2,208 $66,900 $0 $66,900
2022 $1,711 $51,840 $0 $0
2021 $1,625 $48,240 $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
09/25/2025 09/25/25 Price Changed $370,000 -1.3% $514 / Sq Ft
08/12/2025 08/12/25 Price Changed $375,000 -8.5% $521 / Sq Ft
07/24/2025 07/24/25 Price Changed $410,000 -1.2% $569 / Sq Ft
06/04/2025 06/04/25 Price Changed $415,000 -3.5% $576 / Sq Ft
03/27/2025 03/27/25 Price Changed $430,000 -3.4% $597 / Sq Ft
08/20/2024 08/20/24 Price Changed $445,000 -1.1% $618 / Sq Ft
06/03/2024 06/03/24 For Sale $450,000 +7.1% $625 / Sq Ft
08/25/2023 08/25/23 Sold $420,000 -5.6% $583 / Sq Ft View Prior Sale
07/22/2023 07/22/23 Pending -- -- --
04/23/2023 04/23/23 For Sale $445,000 +35.3% $618 / Sq Ft
12/21/2021 12/21/21 Sold $329,000 0.0% $457 / Sq Ft View Prior Sale
12/21/2021 12/21/21 Sold $329,000 -2.9% $457 / Sq Ft View Prior Sale
11/16/2021 11/16/21 Pending -- -- --
11/16/2021 11/16/21 Pending -- -- --
08/23/2021 08/23/21 For Sale $339,000 -- $471 / Sq Ft
Source: Baldwin REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $187,500 None Listed On Document
Warranty Deed $329,000 None Listed On Document
Warranty Deed $250,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $230,300 New Conventional
Previous Owner $190,000 Future Advance Clause Open End Mortgage
Source: Public Records

Source: Baldwin REALTORS®

MLS Number: 363184

Baldwin REALTORS®

APN: 66-04-20-3-000-003.000-930

Alabama Baldwin County Gulf Shores 36542

507 W Beach Blvd Unit 502, Gulf Shores, AL

For Sale

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Clarke Armstrong
Listing Agent
Clarke Armstrong
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RE/MAX of Orange Beach
(251) 766-4531