NOT LISTED FOR SALE

Royal Palms Condominiums 561 E Beach Blvd Unit 1405 Gulf Shores, AL 36542

Estimated Value: $609,000 - $692,000

2 Beds
2 Baths
1,000 Sq Ft
$636/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $590,002 $590 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,369/month

71 Days on Market

Highlights

  • Property fronts gulf or ocean
  • High Ceiling
  • Community Pool
  • Gulf Shores Elementary School Rated A-
  • Furnished
  • Tile Flooring

About This Home

As of May 2024

Introducing Royal Palms 1405, a stunning 2-bedroom condo in Gulf Shores, Alabama, that epitomizes beachside living. This property has been beautifully maintained, offering a picture-perfect retreat with breathtaking views and an array of amenities. The view from Royal Palms 1405 is nothing short of spectacular. Imagine sipping coffee on the spacious balcony while watching dolphins play in the waves. The condo's king bed and well-appointed furnishings ensure a comfortable stay. Royal Palms is known for its excellent Homeowner's Association, which maintains the property to high standards. The building's proximity to an undeveloped white sandy beach adds to its appeal, providing a serene setting for long walks and relaxation. Amenities at Royal Palms include outdoor and indoor pools, a hot tub, BBQ area, fitness room, sauna/steam room, and owner community space. The building's location is ideal, with easy access to the Gulf State Park, fishing pier, restaurants, and the Hugh Branyon Backcountry Trail system. As a rental property, Royal Palms 1405 has a proven track record of success. Its prime location and excellent amenities make it a highly sought-after condo complex.Don't miss the opportunity to own this beautiful Gulf Shores gem. Schedule an appointment today to experience the beauty and convenience of Royal Palms 1405.

Last Agent to Sell the Property

Scott Myrick

RE/MAX of Orange Beach Listed on: 02/28/2024

RE/MAX of Orange Beach

Last Buyer's Agent

Wendy Hoffman

Real Broker, LLC

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,686

Year Built

  • Built in 1998

Lot Details

  • Property fronts gulf or ocean
  • Landscaped
  • Property is zoned Pud

HOA Fees

  • $644 Monthly HOA Fees

Home Design

  • Entry on the 14th floor
  • Block Foundation
  • Steel Frame

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Furnished
  • High Ceiling
  • ENERGY STAR Qualified Ceiling Fan
  • Ceiling Fan
  • Combination Dining and Living Room

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Dryer
  • Washer

Parking

  • Covered Parking
  • Parking Lot

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 66-05-21-1-000-016.000996

Community Details

Overview

  • Association fees include management, cable, common area insurance, common area maintenance, custodial services, pest control, reserve funds, security, taxes-common area, water/sewer
  • 2 Elevators
  • Royal Palms Community

Recreation

Security

  • Fenced around community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,686

Year Built

Built in 1998

Lot Details

0

HOA Fees

$644 per month

Listing Details

  • Class: Residential-Single Family
  • Construction Foundation: Concrete Block, Steel Frame
  • Construction Status: Resale
  • Property Amenities: Cable, Ceiling Fan(s), High Ceilings
  • Property Type: Residential Attached
  • Style: Condo
  • View: Direct Gulf Front, Direct Gulf-Across Rd
  • Zoning Area: Pud
  • Owners Association: Yes
  • Parcel Id Tax Id: 66-05-21-1-000-016.000996
  • Year Built: 1998
  • Geo Subdivision: AL
  • Living Room Group: Living/Dining
  • Property Legal Description: Unit #1405 Royal Palms Condo In The City Of Gulf Shores Sec 21-T9s-R4e (Wd)
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Refrigerator W/Ice Maker, Washer
  • Estimated Living Area: 1000
  • Balcony Size: ROOMY
  • Bathrooms: 2
  • Bedroom 2: Dimensions: 11x13, On Level: Main Level
  • Bedrooms: 2
  • Dining Area Type: Lvg/Dng/Ktchn Combo
  • Elevators: 2
  • Floors: Carpet, Tile
  • Kitchen: Dimensions: 12x10, On Level: Main Level
  • Living Dining: Dimensions: 14x15, On Level: Main Level
  • Living Room: Dimensions: 14x13, On Level: Main Level
  • Master Bed: Dimensions: 13x10, On Level: Main Level
  • Price Per Sq Ft: 590
  • Property Interior Stories: 1
  • Unit Floor: 14
  • Primary Bedroom Bathroom Combo: Yes
  • Primary Bedroom Bathrooms: Shower Only

Exterior Features

  • Body Of Water: Gulf Of Mexico
  • Waterfront: Yes
  • Water Property Type: Gulf Front - Building

Garage/Parking

  • Garage Parking: Condo: Covered Parking, Condo: Lot Parking

Utilities

  • Heat Cooling: Central Electric, Central Electric (Cool)
  • Utilities: Cable Tv, Sewage-City, Total Electric, Water Heater-Electric, Water-City

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Fees: 644
  • Association Fees Include: Association Management, Cable, Common Area Insurance, Common Area Maintenance, Custodial Services, Pest Control, Reserve Funds, Security, Taxes-Common Area, Water/Sewer
  • Community Amenities: Covered Entry, Fencing, Landscaping, Pool - Outdoor, Pets - Allowed
  • Condo Building Stories: 1
  • Condo Complex: Royal Palms

Schools

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

Green Features

  • Energy Saving Features: Ceiling Fan(s)

Lot Info

  • Lot Block Unit: 1405
  • Lot Size: 2 acres

Rental Info

  • Furnished: Yes
  • More Than2 Pets Allowed: Yes

Tax Info

  • Property Taxes: 2686
  • Assessor Parcel Number: 233355

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
Feb 28, 2024
Closed on
May 16, 2024
Sold by
Sun Surf And Relaxation Llc
Bought by
Abx2 Llc
Seller's Agent
Scott Myrick
RE/MAX of Orange Beach
Buyer's Agent
Wendy Hoffman
Real Broker, LLC
List Price
$639,000
Sold Price
$590,002
Premium/Discount to List
-$48,998
-7.67%
Views
38
Current Estimated Value
$636,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,258
Avg. Annual Appreciation
5.50%

Purchase Details

Listed on
Aug 24, 2015
Closed on
Sep 15, 2015
Sold by
Aab Inherited Properties Llc
Bought by
Sun Surf & Relaxation Llc
Seller's Agent
Joe Sankey
RE/MAX of Gulf Shores
Buyer's Agent
Kathy Jumper-Drago
eXp Realty Southern Branch
List Price
$353,000
Sold Price
$353,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.10%
Original Mortgage
$300,050
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 3, 2010
Sold by
Taylor Dorothy E
Bought by
Aab Inherited Properties Llc

Purchase Details

Closed on
Jan 14, 2005
Sold by
Higdon Danny R
Bought by
Taylor James M and Taylor Dorothy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,600
Interest Rate
5.69%
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
Abx2 Llc $590,500 Professional Land Title
Sun Surf & Relaxation Llc $353,000 Ct
Aab Inherited Properties Llc -- Ct
Taylor James M -- Attorneys Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sun Surf & Relaxation Llc $300,050
Previous Owner Taylor James M $295,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2024 05/20/24 Sold $590,002 -3.3% $590 / Sq Ft
05/09/2024 05/09/24 Pending -- -- --
04/20/2024 04/20/24 Price Changed $610,000 -1.6% $610 / Sq Ft
03/26/2024 03/26/24 Price Changed $620,000 -1.4% $620 / Sq Ft
03/14/2024 03/14/24 Price Changed $629,000 -1.6% $629 / Sq Ft
02/28/2024 02/28/24 For Sale $639,000 +81.0% $639 / Sq Ft
09/15/2015 09/15/15 Sold $353,000 0.0% $363 / Sq Ft View Prior Sale
08/24/2015 08/24/15 For Sale $353,000 -- $363 / 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 $4,175 $126,500 $0 $126,500
2023 $3,701 $107,040 $0 $107,040
2022 $2,954 $89,520 $0 $0
2021 $2,678 $79,780 $0 $0
2020 $2,678 $79,780 $0 $0
2019 $2,601 $77,460 $0 $0
2018 $2,550 $75,900 $0 $0
2017 $2,318 $68,880 $0 $0
2016 $2,177 $64,600 $0 $0
2015 $1,868 $56,620 $0 $0
2014 $1,715 $50,600 $0 $0
2013 -- $50,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Scott Myrick

    Seller's Agent in 2024

    Scott Myrick

    RE/MAX

    (251) 269-3114

    35 in this area

    117 Total Sales

    Scott Myrick
    Section Image
  • Wendy Hoffman

    Buyer's Agent in 2024

    Wendy Hoffman

    Real Broker, LLC

    (334) 596-7055

    4 in this area

    31 Total Sales

    Wendy Hoffman
    Section Image

  • J

    Seller's Agent in 2015

    Joe Sankey

    RE/MAX of Gulf Shores

  • K

    Buyer's Agent in 2015

    Kathy Jumper-Drago

    eXp Realty Southern Branch

    Section Image
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About Royal Palms Condominiums

Map

Source: Baldwin REALTORS®

MLS Number: 358458

Baldwin REALTORS®

APN: 66-05-21-1-000-016.000-996

Alabama Baldwin County Gulf Shores 36542

561 E Beach Blvd Unit 1405, Gulf Shores, AL

This home is located at 561 E Beach Blvd Unit 1405, Gulf Shores, AL 36542 since 28 February 2024 and is currently estimated at $636,260, approximately $636 per square foot. This property was built in 1998. 561 E Beach Blvd Unit 1405 is a home located in Baldwin County with nearby schools including Gulf Shores Elementary School, Gulf Shores Middle School, and Gulf Shores High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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