29040 Perdido Beach Blvd Unit 10B2, Orange Beach, AL 36561

Property Description

Phoenix Key, Gulf Front Luxury, Scheduled opening date December, 2026. At the time of listing, this is the lowest floor on the market! Rare 5BR/5BA residence offering over 3,000 sq. ft. with an expansive 10th-floor balcony featuring a private hot tub and built-in gas grill. Premium Gulf views and a low density building with only 56 total residences and 3 elevators.Resort style amenities include a 6th floor elevated lazy river, indoor heated pool, multiple hot tubs, state of the art fitness center, and signature waterslide. Interior features include 10' ceilings, upgraded trim package, solid core doors, tankless water heater, designer free standing tub, frameless glass showers, and high end appliance package.Exceptional rental potential with projections exceeding $225,000 annually. 1031 Exchanges welcome. Construction update: Tile in showers installed; cabinets being set this week. Photos updated monthly. Seller is a licensed Alabama Real Estate Agent. Buyer to verify all information during due diligence. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title.