Real estate on the Gulf Coast just continues to climb! Check out REAL PROFITS MADE ON RECENT SALES:
SEAWIND CONDOS, Gulf Shores
$363,265 INCREASE IN 6 YEARS!
Unit #1908 Sold in April 2023 for $713,000
$225,000 GAIN IN UNDER 3 YEARS!
Unit #1302 Sold in March 2023 for $685,000 (gain of $225,000 in <3 years)
$405,000 GAIN IN 7 YEARS!
Unit #402 Sold in June 2023 for $699,000
Purchased in 2016 for $294,000
FOR SALE NOW AT SEAWINDS:
#807 Listed at $710,000 ($390,000 increase in 14 years)
#905 Listed for $745,000 ($108,000 gain in 1 year!)
$278,300 increase in 3 years!
BeachClub B808
Last sold in 2020 for $481,606. Now listed for $759,900 (with plenty of showings, will be under contract soon)
$210,000 INCREASE IN UNDER 3 YEARS!
Crystal Shores West
#1002 Sold for $645,000 in April 2023. Paid $435,000 in Nov. 2020
WHY DO CONDOS ON THE GULF COAST INCREASE IN VALUE SO FAST?
There are about 6 million people who come to our beaches in "lower Alabama" every year for vacation. The tourist industry in Gulf Shores and Orange Beach cater to the condo rental industry (you'll find very few hotels). Sport fishing tournaments, amusement parks, entertainment districts, concerts, shopping, and some of the best seafood in the south! Plus, festivals like ShrimpFest in October and Hangout Fest (MTV) in late April draw crowds long past the typical "in-season" rental dates. There is a reason to come to the Gulf Coast 10 months a year!
ARE CONDOS A GOOD INVESTMENT?
Financial guru Dave Ramsey says, "Let’s cut to the chase: Yes, condos are a fine investment. You just don’t want to get a junky one that’s poorly managed.
https://www.ramseysolutions.com/real-estate/are-condos-a-good-investment
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