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Brian Harris

[email protected] +1(251) 979-6577

$ 1,400,000

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990 W Lagoon Avenue Gulf Shores, AL 36542

5 Beds

5 Baths

2,587 SqFt

UPDATED:

01/15/2025 07:49 AM

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

Listed by IXL Real Estate

Brian Harris

Broker | License ID: 96534

+1(251) 979-6577

Brian Harris

990 W Lagoon Avenue Gulf Shores, AL 36542

Key Details

Location

Interior

Exterior

Building

Schools

Others

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990 W Lagoon Avenue