2501 Gulf Avenue lot: 1 Located within the gated Colony Park Condominium community, this New Orleans-style townhome offers approximately 1, 393 SF of living space and exceptional potential. Featuring two bedrooms, one and a half baths, two living areas, a wet bar, a dedicated dressing/makeup room, and ample closet space, the flexible floor plan allows for the possible addition of a third bedroom on the downstairs level, as well as conversion of the existing half bath into a full bath. Sold ''As Is'' and priced to sell! This property is a true fixer-upper with tremendous opportunity to update, decorate, and transform into a comfortable and personalized home. It would be ideal for a young couple, retiree, or buyer seeking a simple lifestyle within a secure community setting. The residence offers private upper and lower patios overlooking one of the community's most desirable pool views, complete with a soothing waterfall feature. Reimagine the garden patio area with some lovely flowers and/or coastal plants to accent your future haven sanctuary. Amenities include a clubhouse, grilling area, RV/boat parking, and a dog park. The monthly HOA fee of $550 covers water, sewer, trash service, exterior insurance, common area electricity, grounds maintenance, pool service, and security. Please note that short-term rentals (Airbnb/VRBO) are not permitted. Minimum 6 mos. rental allowed. The fireplace is currently non-functional but may be suitable for conversion to an electric unit with the assistance of a licensed contractor. Conveniently located within walking distance to the beach and boardwalk, Colony Park has become a highly regarded residential enclave known as a private oasis and hidden gem. This property also presents an excellent opportunity as a second home for buyers from nearby markets such as New Orleans, LA, or Mobile, AL--perfect for weekend getaways and enjoying the area's entertainment, restaurants, beaches, and casinos.