Investor Alert - Proven Income-Producing Condo at the Purple Parrot Resort! This fully renovated 1-bedroom condo in the highly sought-after Purple Parrot Resort is the perfect opportunity for investors seeking strong rental income in Perdido Key. With gross rental revenue of over $33,000 in 2024 and projections showing 2025 on track to exceed $38,000, this property has a proven track record of performance and future growth potential. Inside, the condo has been completely updated with flooring, paint, upgraded doors, impact rated windows, modern kitchen cabinetry with granite countertops, and a refreshed bathroom featuring a new vanity and tub/shower combo. The open living area includes a sleeper sofa for extra guest capacity, maximizing occupancy and rental returns. The Purple Parrot Resort is a favorite with vacationers thanks to its extensive amenities: a 5,000 sq. ft. lagoon-style outdoor pool with waterfall and island hot tub, a year-round indoor heated pool and hot tub, fitness center, saunas, and the popular on-site Tiki Bar featuring live music. With its gated setting and convenient location near Perdido Key's white-sand beaches, restaurants, shopping, and attractions, the Purple Parrot consistently draws repeat guests. Adding to the long-term value, the HOA has upgraded all units to impact rated doors and windows - a major improvement that benefits owners and strengthens rental appeal. Whether you're expanding your short-term rental portfolio or entering the market with a proven performer, this turn-key property delivers both strong rental income and future appreciation potential. Contact us today to review rental history and projections or to schedule a private showing of this exceptional investment property.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Appliances
- Electric Water Heater
- Dryer
- Washer
- Dishwasher
- Disposal
- Microwave
- Refrigerator
- Laundry Features: Inside
Heating and Cooling
- Cooling Features: Central Air, Ceiling Fan(s)
- Heating Features: Central
- Heating: Yes
- Ceiling Fans: Yes
Kitchen and Dining
- Dining Room Level: Second
Exterior and Lot Features
- Balcony
- Patio And Porch Features: Screen Porch
- Porch: Yes
Pool and Spa
- Pool Features: Heated, Indoor, In Ground, Pool/Spa Combo
Land Info
- Lot Description: Central Access, Interior Lot
- Lot Size Acres: 9.46
- Lot Size Square Feet: 412078
Garage and Parking
- Parking Features: 2 Space/Unit, Parking Lot
Homeowners Association
- Association: Yes
- Association Fee: 9299
- Association Fee Frequency: Annually
- Association Fee Includes: Association, Cable TV, Deed Restrictions, Maintenance Grounds, Management, Pest Control, Recreation Facility, Water/Sewer
- Calculated Total Monthly Association Fees: 775
- Pets Allowed: Yes, Breed Restrictions
School Information
- Elementary School: Hellen Caro
- High School: Escambia
- Middle School: BAILEY
Rental Info
- Leasable Area Units: Square Feet
- Lease Considered: No
Amenities and Community Features
- Community Features: Pool, Fitness Center, Gated, Pavilion/Gazebo, Picnic Area, Sauna
Other Property Info
- Source Listing Status: Active
- County: Escambia - Fl
- Directions: WEST ONTO PERDIDO KEY FROM SORRENTO RD. PURPLE PARROT IS ON THE LEFT SHORTLY AFTER YOU CROSS THE THEO BAARS BRIDGE.
- List Price Low: 280000
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: Purple Parrot
- Parcel Number: 263S321002078001
- Subdivision: Purple Parrot
- Zoning Description: County, Deed Restrictions, Res Multi
- Property Subtype: Condo
Building and Construction
- Total Square Feet Living: 654
- Year Built: 2000
- Building Area Total: 654
- Building Area Units: Square Feet
- Building Name: Purple Parrot
- Construction Materials: Frame
- Foundation Details: Slab
- Levels: Two
- Living Area Units: Square Feet
- Property Age: 25
- Property Condition: Resale
- Roof: Metal
- Levels or Stories: 2
- Architectural Style: Cottage
Utilities
Home Features
- Security Features: Smoke Detector(s)