NOT LISTED FOR SALE

Island Towers 521 W Beach Blvd Unit 2003 Gulf Shores, AL 36542

Estimated Value: $911,000 - $969,000

3 Beds
3 Baths
1,621 Sq Ft
$585/Sq Ft Est. Value

Last Sold June 13, 2023

Last sale price $900,000 $555 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,182/month

16 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Property fronts gulf or ocean
  • Community Indoor Pool
  • Gulf Shores Elementary School Rated A-
  • Fitness Center
  • Sauna

About This Home

As of June 2023

Spectacular unobstructed views and prime Location! Luxurious west corner condo overlooking both the Gulf and Little Lagoon with breathtaking sunsets. This unit located on the 20th floor has a open concept and split bedroom plan having 3 bedrooms and 3 baths. The primary and 2nd bedroom both being en-suite to allow comfort and privacy. The beautifully decorated unit boast 9 ft floor to ceiling window with panoramic views, recessed lighting and a custom-made driftwood chandelier. The large kitchen has granite countertops, glass tile bar, stainless steel appliances including a ice maker. The private Gulf front balcony is accessed from both the living room and the primary bedroom. The second balcony is connected to the 2nd and 3rd bedrooms and having amazing views of both the Gulf and the Lagoon. This condo is in the heart of Gulf Shores on the desirable west beach within walking distance to shopping, restaurants, festivals, and entertainment. When you are not enjoying the beach, you have your choice of using one of the other amenities including the outdoor infinity pool, indoor pool, sauna, fitness center, or the BBQ area. This wonderfully maintained unit has not been used as a rental unit but has great potential to become one.

Last Agent to Sell the Property

Amy Hughes

Coldwell Banker Coastal Realty Listed on: 05/08/2023

Coldwell Banker Coastal Realty

Last Buyer's Agent

Jessica Limbaugh

Elite By The Beach, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,442

Year Built

  • Built in 2006

Lot Details

  • Sprinkler System

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • Covered Parking

Property Views

Home Design

  • Entry on the 20th floor
  • Reinforced Concrete Foundation
  • Stucco Exterior

Interior Spaces

  • 1,621 Sq Ft Home
  • Furnished
  • High Ceiling
  • ENERGY STAR Qualified Ceiling Fan
  • Ceiling Fan
  • Combination Dining and Living Room
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Convection Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Garden Bath
  • Separate Shower

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Wheelchair Access

Outdoor Features

  • Deeded Waterfront Access Rights
  • Access To Lagoon or Estuary

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 66-04-20-3-000-004.001-948

Community Details

Overview

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

Amenities

  • Community Barbecue Grill
  • Lobby
  • Community Wi-Fi

Recreation

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,442

Year Built

Built in 2006

Lot Details

0

HOA Fees

$750 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: P-I-P Reinforced Concrete
  • Construction Status: Resale
  • Property Amenities: Cable, Ceiling Fan(s), En-Suite, High Ceilings, Internet, Split Bedroom Plan, Wheelchair Accessible
  • Property Type: Residential Attached
  • Restrictive Covenants: Yes
  • Style: Condo
  • Type of Unit: Corner Unit
  • View: Direct Gulf Front, Indirect Lagoon-Across Rd
  • Parcel Id Tax Id: 66-04-20-3-000-004.001-948
  • Year Built: 2006
  • Geo Subdivision: AL
  • Governing Municipality: Gulf Shores
  • Living Room Group: Living/Dining
  • Property Legal Description: UNIT 2003 ISLAND TOWER CONDO IN CITY OF GULF SHORES SEC 20-T TAX DISTRICT 08
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Refrigerator W/Ice Maker, Icemaker, Microwave, Smoke Detector, Washer
  • Estimated Living Area: 1621
  • Bathrooms: 3
  • Bedroom 2: Dimensions: 12x10, On Level: Main Level
  • Bedroom 3: Dimensions: 11x11, On Level: Main Level
  • Bedrooms: 3
  • Dining Area Type: Lvg/Dng/Ktchn Combo
  • Elevators: 2
  • Floors: Tile
  • Kitchen: Dimensions: 9x10, On Level: Main Level
  • Living Dining: Dimensions: 15x20, On Level: Main Level
  • Master Bed: Dimensions: 15x20, On Level: Main Level
  • Price Per Sq Ft: 555.21
  • Property Interior Stories: 1
  • Unit Floor: 20
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: 1st Floor Primary, Double Vanity, Direct Gulf View-Primary, Garden Tub, Separate Shower, Walk In Closet

Exterior Features

  • Body Of Water: Gulf Of Mexico
  • Exterior Finish: Stucco
  • Waterfront: Yes
  • Water Property Type: Deeded Access, Gulf Front - Building, Lagoon Acc (Wlk <=1/4 Mi)

Garage/Parking

  • Garage Parking: Condo: Covered Parking

Utilities

  • Heat Cooling: Central Electric
  • Utilities: Baldwin Emc

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fees: 750
  • Association Fees Include: Pool, Association Management, Cable, Common Area Insurance, Common Area Maintenance, Internet, Pest Control, Recreational Facilities, Reserve Funds, Security, Taxes-Common Area, Trash, Water/Sewer
  • Community Amenities: Bbq Area, Common Lobby, Covered Entry, Exercise Room, Fire Sprinkler System, Internet, Pool - Indoor, Pool - Outdoor, Pets - Owners Only, Steam/Sauna, Wheelchair Accessible, Water Access-Deeded
  • Condo Building Stories: 26
  • Condo Complex: Island Tower

Green Features

  • Energy Saving Features: Ceiling Fan(s)

Rental Info

  • Furnished: Yes

Tax Info

  • Property Taxes: 1441.68
  • Assessor Parcel Number: 271178

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Jun 13, 2023
Sold by
Head Leon P and Head Linda D
Bought by
Waters Edge Property Management Llc
Seller's Agent
Amy Hughes
Coldwell Banker Coastal Realty
Buyer's Agent
Jessica Limbaugh
Elite By The Beach, LLC
List Price
$969,000
Sold Price
$900,000
Premium/Discount to List
-$69,000
-7.12%
Views
68
Current Estimated Value
$947,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,785
Avg. Annual Appreciation
2.16%

Purchase Details

Listed on
Oct 26, 2015
Closed on
May 5, 2016
Sold by
Mac Old Iii Ephriam
Bought by
Head Linda D and Head Leon P
Seller's Agent
Jerry Peters
Advantage Real Estate
Buyer's Agent
Kathy Jumper-Drago
eXp Realty Southern Branch
List Price
$527,000
Sold Price
$527,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.83%

Purchase Details

Listed on
Jan 29, 2015
Closed on
Apr 17, 2015
Sold by
Rgi Properties Llc
Bought by
Mac Old Iii Ephriam
Seller's Agent
Non Member
Non Member Office
Buyer's Agent
Jerry Peters
Advantage Real Estate
List Price
$475,000
Sold Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%
Original Mortgage
$356,250
Interest Rate
3.95%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 15, 2007
Sold by
Turchetta Gary and Kimball Ralph C
Bought by
Rgi 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
$580,000
Interest Rate
6.37%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Waters Edge Property Management Llc $900,000 None Listed On Document
Head Linda D $527,000 Ct
Mac Old Iii Ephriam $475,000 Atc
Rgi Properties Llc -- Slt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mac Old Iii Ephriam $356,250
Previous Owner Rgi Properties Llc $580,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/13/2023 06/13/23 Sold $900,000 -7.1% $555 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $969,000 +83.9% $598 / Sq Ft
05/09/2016 05/09/16 Sold $527,000 0.0% $325 / Sq Ft View Prior Sale
04/05/2016 04/05/16 Pending -- -- --
10/26/2015 10/26/15 For Sale $527,000 +10.9% $325 / Sq Ft
04/17/2015 04/17/15 Sold $475,000 0.0% $297 / Sq Ft View Prior Sale
03/18/2015 03/18/15 Pending -- -- --
01/29/2015 01/29/15 For Sale $475,000 -- $297 / 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 $5,349 $162,100 $0 $162,100
2023 $5,135 $155,620 $0 $155,620
2022 $1,656 $63,220 $0 $0
2021 $1,549 $59,180 $0 $0
2020 $1,442 $55,120 $0 $0
2019 $1,407 $53,820 $0 $0
2018 $1,685 $51,060 $0 $0
2017 $1,659 $50,260 $0 $0
2016 $3,049 $92,400 $0 $0
2015 $3,017 $89,160 $0 $0
2014 $2,942 $86,880 $0 $0
2013 -- $81,060 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amy Hughes

    Seller's Agent in 2023

    Amy Hughes

    Coldwell Banker Coastal Realty

    (270) 625-6009

    4 in this area

    23 Total Sales

    Amy Hughes
    Section Image
  • Jessica Limbaugh

    Buyer's Agent in 2023

    Jessica Limbaugh

    Elite By The Beach, LLC

    (251) 949-2100

    19 in this area

    38 Total Sales

    Jessica Limbaugh
    Section Image

  • J

    Seller's Agent in 2016

    Jerry Peters

    Advantage Real Estate

    Section Image

  • K

    Buyer's Agent in 2016

    Kathy Jumper-Drago

    eXp Realty Southern Branch

    Section Image

  • N

    Seller's Agent in 2015

    Non Member

    Non Member Office

See All Agents

About Island Towers

Map

Source: Baldwin REALTORS®

MLS Number: 345661

Baldwin REALTORS®

APN: 66-04-20-3-000-004.001-948

Alabama Baldwin County Gulf Shores 36542

521 W Beach Blvd Unit 2003, Gulf Shores, AL

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