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$5,000,000

Beds
7
Baths
7.0
sq ft
4,122

23708 Perdido Beach Blvd, Orange Beach, AL 36561

23708 Perdido Beach Blvd

Orange Beach, AL 36561

  • 71 days on market
    • Price drop $100,000↓
Stunning 7-Bedroom Beachfront Retreat with Private Pool. Outstanding Rental Revenue. Handicap accessible w/ elevator to every floor.  Discover the epitome of luxury living in this magnificent 7-bedroom home, accommodating up to 18 guests. Custom-designed interiors and exquisite furnishings create an ambiance of elegance and comfort. Sold fully furnished, this property offers a seamless transition for new owners. Key Features: • Beachfront Paradise: Wake up to the soothing sound of waves and step directly onto the sandy shores. Your private beach awaits! • Handicap Accessible with Elevator • Private Pool: Lounge by the pool, basking in the sun or enjoying a refreshing swim. • Exceptional Rental Revenue: This home has intentionally maintained a strict pricing threshold and kept occupancy low to limit wear and tear and maintain quality. However, the rental revenue has been exceptional on the limited use.   • Proven Performance: Since its May 2022 debut, this home has grossed over $1.1 million in revenue. In 2023, even on minimal occupancy, it generated $356,681.15. Bookings for 2024 are already at an impressive $294,570. The total occupancy rate since May of 2022 has been 39.5%, but this home has been able to achieve an average daily rate of over 2,400 dollars a night since onboarding in May of 2022.  • Modern & Unique: Architecturally striking, this upscale home stands out as a one-of-a-kind gem. • Rare Location & Built-In Appreciation: This home is beachfront and condos cannot build near its location. That means this land and home will continue to appreciate due to it being in a very rare position on Perdido Beach BLVD.  • Management: The current management company, Unwind Luxury Vacations, agrees to continue management at a most competitive price. They have outperformed the market by more than double when directly compared across other management companies with similar homes. Please request more information.  Don't miss this deal!

Details

Property type

Single Family Residence

Lot size

Unknown

Price per sq ft

$1,214

Year built

2021

Annual property taxes

$21,927

Price History

09/12/2024
FMLS

FMLS #7419821

Price change
$5,000,000
-1.96%
08/26/2024
FMLS

FMLS #7419821

Price change
$5,100,000
-1.92%
07/10/2024
FMLS

FMLS #7419821

Listed
$5,200,000

Schools & Community

Elementary school: 

Orange Beach

Middle school: 

Gulf Shores

High school: 

Gulf Shores

Community features: 

None

Status: Active

Tomo last checked: 09/19/2024 at 11:40 AM

Listing updated: 09/12/2024 at 10:15 AM

Listed by: Ana Bridges, Real Broker, LLC. Phone #: (855) 450-0442

MLS: FMLS #7419821

FMLS logo