GREAT INCOME POTENTIAL! Ocean Reef #115 is walking distance to all of the main attractions, beaches, restaurants, and local shopping Gulf Shores has to offer. Primary bedroom on main floor and loft style 2nd bedroom with 1/2 bath on 2nd floor. Customized with vinyl plank flooring, granite counter tops, stainless steel appliances, and more. This low-density, 45-unit building boasts 200 ft of deeded beach access, a tropical landscaped pool area, charcoal grills and on-site laundry facilities. Assigned, covered parking space include. This is a great opportunity to own an investment property or vacation home on Alabama's Gulf Coast! Buyer to verify all information during due diligence.
Active
$439,000
507 W Beach Blvd #115, Gulf Shores, AL 36542
2beds
964sqft
Est.:
Condominium, Residential
Built in 1982
-- sqft lot
$-- Zestimate®
$455/sqft
$400/mo HOA
What's special
Tropical landscaped pool areaCharcoal grillsStainless steel appliancesGranite counter topsVinyl plank flooring
- 658 days |
- 79 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: April 01, 2025 at 05:57pm
Listed by:
Mitch Holliman 251-979-8155,
Dolphin Cove Realty LLC
Source: Baldwin Realtors,MLS#: 358765
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Living/Dining
Primary bedroom
- Level: Main
- Area: 132
- Dimensions: 12 x 11
Bedroom 2
- Level: Second
- Area: 240
- Dimensions: 20 x 12
Primary bathroom
- Features: Tub/Shower Combo
Kitchen
- Level: Main
- Area: 81
- Dimensions: 9 x 9
Cooling
- Electric
Appliances
- Included: Dishwasher, Microwave, Electric Range, Refrigerator
Features
- Ceiling Fan(s), High Speed Internet
- Flooring: Carpet, Vinyl
- Has basement: No
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 964
- Total interior livable area: 964 sqft
Property
Parking
- Parking features: Assigned, Covered
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Pool features: Community, Association
- Has view: Yes
- View description: None
- Waterfront features: Beach Side - Building, Deeded Access, Gulf Accs (<=1/4 Mi), Gulf Front - Building
- Body of water: Gulf of Mexico/America
Lot
- Size: 2.01 Acres
- Dimensions: 200 x 437
- Features: Less than 1 acre
Details
- Parcel number: 6604203000003.000915
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Residential
- Attached to another structure: Yes
Materials
- Wood Siding
- Foundation: Pillar/Post/Pier
Condition
- Resale
- New construction: No
- Year built: 1982
Utilities & green energy
- Electric: Baldwin EMC
- Utilities for property: Gulf Shores Utilities
Community & HOA
Community
- Features: BBQ Area, Landscaping, Pool
- Security: Smoke Detector(s)
- Subdivision: Ocean Reef
HOA
- Has HOA: Yes
- Services included: Association Management, Cable TV, Insurance, Maintenance Grounds, Pest Control, Reserve Fund, Trash, Water/Sewer, Internet, Pool
- HOA fee: $400 monthly
Location
- Region: Gulf Shores
Financial & listing details
- Price per square foot: $455/sqft
- Tax assessed value: $414,500
- Annual tax amount: $1,463
- Price range: $439K - $439K
- Date on market: 3/5/2024
- Ownership: Condominium
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2024 | Listed for sale | $439,000$455/sqft |
Source:  Baldwin Realtors #358765 Report a problem | ||
| 1/11/2024 | Listing removed | -- |
Source: Baldwin Realtors #334349 Report a problem | ||
| 5/1/2023 | Listed for sale | $439,000$455/sqft |
Source: Baldwin Realtors #334349 Report a problem | ||
| 4/17/2023 | Listing removed | -- |
Source: Baldwin Realtors #334349 Report a problem | ||
| 3/22/2023 | Price change | $439,000-4.4%$455/sqft |
Source: Baldwin Realtors #334349 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,771 +1.2% | $82,900 +1.2% |
| 2024 | $2,740 +5.3% | $81,940 +3.9% |
| 2023 | $2,602 | $78,860 +36.3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,792/mo
Principal & interest
$2117
HOA Fees
$400
Other costs
$274
Climate risks
Neighborhood: 36542
Nearby schools
GreatSchools rating
- 9/10Gulf Shores Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 10/10Gulf Shores Middle SchoolGrades: 6-8Distance: 1.9 mi
- 7/10Gulf Shores High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Gulf Shores Elementary
- Middle: Gulf Shores Middle
- High: Gulf Shores High
Source: Baldwin Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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