24400 Perdido Beach Boulevard # 502

MILLION DOLLAR VIEWS of the GULF OF MEXICO from this DIRECT BEACHFRONT UNIT in the MOST DESIRABLE STACK of Phoenix V, with a large private Oceanfront balcony! List price was just reduced by $14K making it the lowest priced unit for sale in PV. Exceptional opportunity to acquire this condo, which has consistently been a top rental performer year after year! Located on the desirable 5th floor, unit 502 is a spacious 1br/1ba offering the best Beach & Gulf views within the complex. Fantastic rentals: over $56K in 2023 w/three months of owner usage & record setting $75K in 2022. This unit features a large living area that seamlessly merges with the dining room & kitchen, creating an inviting open concept for owners & guests to enjoy. A wall of floor to ceiling glass doors & windows allows natural light to flood the interior which highlights the beautiful furnishings & coastal decor. The primary suite features a king size bed & offers private access to the bathroom. This unit is furnished to comfortably sleep 6/7 guests, with a queen size sleeper sofa, & a daybed with an additional pull out popup trundle bed that stores neatly underneath when not in use. Recently updated with gorgeous porcelain tile plank floors throughout, new washer, dryer, dishwasher, garbage disposal. New modern light fixtures, ceiling fan & bathroom/kitchen faucets. The HVAC unit was replaced in 2016. A unique feature in this unit is a large owner's closet converted from outdoor storage to an interior heated & cooled locked storage room where owners can keep personal belongings when renting. Fantastic amenities at Phoenix V, including an onsite children’s splash water park, makes it the most highly sought after complex in the area. Centrally located in the best part of Orange Beach and is within walking distance to several restaurants, shopping & entertainment. This condo is a real gem, ideally located, & priced to sell fast. If you’ve been waiting for the perfect investment property, this is the one