990 W Lagoon Avenue new Save Request In-Person Tour Request Virtual Tour
Gulf Shores,AL 36542
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,587 sqft
Price per Sqft $541
Subdivision Gulf Shores
MLS Listing ID 372583
Style Raised Beach
Bedrooms 5
Full Baths 5
Construction Status Resale
Year Built 1970
Annual Tax Amount $2,055
Lot Size 0.310 Acres
Lot Dimensions 50 x 255
Property Description
Discover the ultimate investment haven at the Lagoon! This extraordinary property showcases two houses and an apartment offering a rare chance to capitalize on multiple revenue streams. Nestled along the tranquil Little Lagoon, just a short stroll from a public beach. Featuring versatile spaces and endless potential, the property is ideal for various lifestyle needs. The sellers have thoroughly renovated both homes. Recent upgrades include new metal roofs (end of 2020), new exterior, newer water heaters, HVAC systems, plumbing and electrical. The owners meticulous attention to detail is evident throughout. The luxurious waterfront residences boasts breathtaking sunset views from its wrap around porch. The interior features sleek, contemporary finishes, including appliances, fixtures and flooring and stunning views of the lagoon. Additional features include newer high impact hurricane windows. 2 bedrooms & 2 baths, spacious updated kitchen and dining room. Beneath the waterfront home lies a private apartment, complete with 1 bedroom and 1 bathroom, living area and breakfast nook, offering picturesque views and convenient pier access. The possibilities here are endless. The second home currently operated as an Airbnb showcases two porches with stunning views. The interior features 2 bedroom, 2 baths, two bonus rooms, spacious living room & kitchen. A large dining room with porch access is an additional highlight. The lower level accommodates a laundry area for the current rental property and a substantial storage room which could be repurposed as an additional apartment. The potential for these two homes and apartment is vast. With its million dollar view and prime location this property presents a unique opportunity. Located under 1.5 miles from The Hangout, restaurants and shopping, it is a rare gem. Buyer to verify all information during due diligence.
Location
State AL
County Baldwin
Area Gulf Shores 1
Zoning 2+ Family Residence,Single Family Residence
Interior
Interior Features Breakfast Bar,Bonus Room,Detached Sep Living Suite,Other Rooms (See Remarks),Ceiling Fan(s),High Ceilings,Internet,Storage,Vaulted Ceiling(s)
Heating Electric
Cooling Ceiling Fan(s)
Flooring Wood
Fireplace No
Appliance Cooktop,Dishwasher,Electric Range,Refrigerator
Laundry Inside
Exterior
Parking Features Attached
Community Features None
Waterfront Description Beach Accs (Wlk <=1/4 Mi),Gulf Accs (Wlk <=1/4 Mi),Lagoon Front - Building
View Y/N Yes
View Direct Lagoon Front
Roof Type Metal
Garage Yes
Building
Foundation Pilings
Architectural Style Raised Beach
New Construction No
Construction Status Resale
Schools
Elementary Schools Gulf Shores Elementary
Middle Schools Gulf Shores Middle
High Schools Gulf Shores
Others
Ownership Whole/Full