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Image 1 - Ocean Reef Condo, 507 West Beach Boulevard, Gulf Shores, AL 36542, USA - Condo for sale

Image 2 - Ocean Reef Condo, 507 West Beach Boulevard, Gulf Shores, AL 36542, USA - Condo for sale

Image 3 - Ocean Reef Condo, 507 West Beach Boulevard, Gulf Shores, AL 36542, USA - Condo for sale

Image 4 - Ocean Reef Condo, 507 West Beach Boulevard, Gulf Shores, AL 36542, USA - Condo for sale

Image 5 - Ocean Reef Condo, 507 West Beach Boulevard, Gulf Shores, AL 36542, USA - Condo for sale

Image 6 - Ocean Reef Condo, 507 West Beach Boulevard, Gulf Shores, AL 36542, USA - Condo for sale

Image 7 - Ocean Reef Condo, 507 West Beach Boulevard, Gulf Shores, AL 36542, USA - Condo for sale

Image 8 - Ocean Reef Condo, 507 West Beach Boulevard, Gulf Shores, AL 36542, USA - Condo for sale

Condo For Sale In Gulf Shores, Alabama

Ocean Reef Condo, 507 West Beach Boulevard, Gulf Shores, AL 36542, USA

Condo For Sale In Gulf Shores, Alabama

condo for sale

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Listed: 01/29/24

Ocean Reef Condo, 507 West Beach Boulevard, Gulf Shores, AL 36542, USA

2 Bed:

1.5 Bath:

1,044 Sq Ft Living Area:

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Price

$ 449,900

Price: Average

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About This Condo

Indulge in coastal living at its finest at Ocean Reef Condos. Exquisite 2-bedroom, 2-bath condo in Gulf Shores, within walking distance of The Hangout, restaurants and shopping. Perfect for 6-8 guests, this fully furnished gem boasts upscale beach decor, covered parking for 2 cars, and a unique office/study area adds 80 sq ft of living area. Granite counters, wood plank porcelian tile floors and an electric fireplace, every detail exudes luxury. Enjoy the best tropical pool area, just steps from the Gulf of Mexico. Generating an income of$65, 500for 2022 through 2023, with a projected annual income of$38, 000per year, this low-density complex of 45 units offers wood plank porcelain tile, 200' of deeded beach access, and the promise of a dreamy beachside lifestyle. Act fast to make this condo your ultimate getaway and income-producing investment!

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Original listing

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Gulf Shores Housing & Living

Average sale prices for condos

2 bed

Show as List Show as Graph

Month	Median Price
Apr 2024	$425,294 (0%)
Mar 2024	$425,294 (0%)
Feb 2024	$425,294 (0%)
Jan 2024	$425,294 (-18.1%)
Dec 2023	$518,986 (+11.8%)
Nov 2023	$464,360 (+15.4%)

In April 2024, the asking price for 2 bed condos for sale in/near Gulf Shores, United States averaged $425,294, staying on the same level compared to the previous month.

Median price trends for properties for sale in Gulf Shores, United States as of April 2024.

Household Income

Median household income: $50,227

Number of households: 5,488

The average household income in Gulf Shores, AL declined from $50,814 to $50,227 in the past year. This data is an estimate based upon 5,488 households in Gulf Shores, AL.
The chart below presents how household income is distributed in Gulf Shores, AL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: <$800

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Gulf Shores, AL compared to median property taxes around the country. The prevalent amount of property taxes in Gulf Shores, AL equals <$800 , which is more than the national average.