Sailboat Bay Condos Gulf Shores
Address: 4170 Spinnaker Drive Gulf Shores, AL. 36542
I happen to know "a lot" about Sailboat Bay because I have lived here myself! This community is one of the few condos in Gulf Shores that isn't in the immediate proximity of the Gulf. Located on Plash Island near the intersection of Route 4 and 6, Sailboat Bay is a little known gem tucked away in a gated community that is on the southeast shore of Mobile Bay at the mouth of the Bon Secour River. Although living here is off the beaten path of Route 59, you are still only about 10 minutes away from the beach.
Coming through the gate you almost get the sense that you're driving through a resort area. A landscaping committee, made up of neighbor volunteers, spend an amazing amount of time to assure that the beauty of our flower beds, shrubs, and trees are up to par. Also, large palms line the streets and are lit up at night. The complex has it's own deep-water marina and every unit has "exclusive use" to an assigned boat slip. Each boat slip contains power and water for your convenience. Needless to say, every condo that you will find for sale has a water view. Sailboat Bay is bordered by Bon Secour Bay to the west and the Intra-coastal Waterway to the south.
Sailboat Bay Condos Real Estate
Each of the units have spacious balconies that allow you to take in the sunsets, watch the pelicans fly over head, or even see the occasional dolphin passing by the parked sailboats. Although there are some vacationers that stay here from time to time, this community seems to attract owners who live here full time or use it as a nice second home. Sailboat Bay lays adjacent to the Intra-coastal Waterway and Bon Secour Bay with about a 10 minute drive to the beach - a boaters dream. Because the property isn't at the beach, you'll find that the condos that are for sale are a little less per square foot than those right on the Gulf.
Built in 1985, this sprawling community contains 39 buildings with 184 units and 184 boat slips. Although there are a few duplex buildings on the west side, most of the buildings are 4 stories with exterior stairs as well as elevators. Parking is underneath the buildings which makes it very convenient when we get those summer afternoon showers. Every unit has a nice sized deck overlooking the harbor or the bay where you can watch the dolphins or pelicans do what they do. Needless to say, it is very peaceful here. My wife and I spent many hours on our deck watching the boats go by or just merely taking in the scenery.
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Most of the condos in Sailboat Bay are 2 and 3 bedrooms with square footage between 1100 and 1450, Almost all of the units have large balconies and a storage closet on the ground floor.
Rental History and Potential
Because this community is located about 6 miles from the beach, I do not have a "broad" forecast or history for rental income. Sailboat Bay mainly attracts buyers who are looking for a full-time residence or second home. There are short and long term renters here but not near as many as there would be closer to the beach. I can get you rental income and a history for a particular unit if by chance it was on a rental program.
Condo (HOA) fees of $535 include:
Here's an example of what your mortgage payment would be using a sales price of $236,000 (the average sales price of Sailboat Bay). If you put 20% down as a down payment and have a 4.5% interest rate on a 30 year fixed conventional loan, your principal and interest payment would $957. Property taxes vary between $350 and $750 depending on the size of the property and if it was an investment or not. I'll use $500/year for this example for taxes. Condo fees are $535/mo. So, your total payment would around $1,470/mo.
Sailboat Bay - The Area
CrimeCrime is rated as the "lowest" at this location according to www.spotcrime.com andwww.crimereports.com.
Restaurants/ShoppingHere's a list of restaurants and stores that are within 6 miles of Sailboat Bay:
Contact me if you would like to see any of these condos for sale in Sailboat Bay or if you have other questions about Gulf Shores real estate.
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