We had a strange stay as the HOA was painting/repairing the exterior so the management company moved us hours before we arrived. I'll mostly exclude those event from my review. But I will say that the management company was great to work with in a situation that they couldn't control. My one complaint would be that on the day that we actually transferred to Shipwatch they didn't have us checking in until 1pm and denied early check-in, but clearly nothing had been done to the property that morning, so we wasted a morning waiting when we could have moved earlier. (And we had to move the patio furniture back outside). Still, I'm happy with Southern's handling of a tough situation.
The location is really nice for seclusion. The beach could not be better and due to the smaller size of Shipwatch the beach was nearly empty. If you come just for the beach, this is ideal. It is too far to walk to almost anything except maybe Flora-Bama and Crab Trap, which still aren't close. This was my first time in Perdido Key, and I may just prefer the walkability of Orange Beach to the seclusion on Perdido - but it's a personal preference.
As for the condo itself, I really loved the oversized balcony with an unbeatable beach view. The kitchen is updated and large. The couch is also new (we noticed several small differences/upgrades from the photos which should be retaken). The beds were outstanding - and I'm difficult to please with a mattress. The rest of the place was slightly dated. Nothing bad, just 90s oak furniture which I would update for esthetics, but obviously aren't too important.
The biggest problem we had with the condo was that it was missing blankets for the pullout sofa (it had pillows and sheets, but nothing warmer), so we had to run to Target to buy some. As a very minor recommendation, I would like some games or playing cards to pass the rainy days but the cable TV worked well instead.