This is a rare opportunity to own a second home, investment property, or primary residence at an affordable value at the iconic Island Villa. This is the first converted short-term rental property in the new Waterway Village District. The location is ideal and you are in the middle of it all: 5 minutes to the white sandy beaches, within walking distance of the State Park Trails and minutes to local coffee shop, yoga studio, eclectic shopping, dining and entertainment. There are at least 8 restaurants within easy walking distance, not to mention Gulf Shores' only Brewery. The new Pedestrian Bridge over the Intracoastal Waterway which should be under construction in 2023 is an easy walk away, and will be a game-changer for The Waterway Village District. The interior and exterior of the iconic Island Villa has been totally renovated. The complex has a new roof, fresh paint, landscaping, and a new iconic pool. This ground floor unit has been beautifully updated with features that include new LVP flooring throughout, new lighting fixtures, new ceiling fans, and is fully furnished down to the cookware and utensils (rent-ready). The bright, coastal color theme in the kitchen has a tiled backsplash, new countertops, and dining area. This 1-bedroom condo can comfortably sleep 4 people with a king bed in the primary bedroom and a queen sleeper sofa in the living room. The primary also has sliding glass doors that open to the patio. Each unit has a view of the sparkling pool, access to laundry and ice machine facilities as well as the BBQ/grill area.