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990 W Lagoon Avenue

Gulf Shores, AL 36542
  • $1,400,000
  • STATUS: Active
  • ON SITE: 2 Days
  • MLS #: 372583
New On Site 2 Days Ago
UPDATED: 21 min ago
$1,400,000
  • 5
    BEDS
  • 0.31
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,587
    SQFT
  • $541
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Information

Elementary School:
Middle School:
High School:

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. Perfect for savvy investors or those seeking a primary residence with supplementary income, this property boasts two homes and an apartment nestled along the tranquil Little Lagoon, just a short stroll from a public beach. 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.

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Listing information © 2025 Baldwin County Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Coastal Realty. Data last updated 2025-01-13T08:27:51.147.
www.gulfshoresrealestatesearch.com/homes/159365898
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990 W Lagoon Avenue Gulf Shores, AL 36542

  • Price: $1,400,000
  • Status: Active
  • On Site: 2 Days
  • Updated: 21 min ago
  • MLS #: 372583
5
Beds
5
Baths
0
½ Baths
0.31
Acres
2,587
SQFT
$541
$/SQFT
1970
Built
Neighborhood:
Gulf Shores
County:
Baldwin
Area:
Gulf Shores 1
Elementary School:
Gulf Shores Elementary
Middle School:
Gulf Shores Middle
High School:
Gulf Shores
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. Perfect for savvy investors or those seeking a primary residence with supplementary income, this property boasts two homes and an apartment nestled along the tranquil Little Lagoon, just a short stroll from a public beach. 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.
Exterior Features

Architectural Style Raised Beach Boat Facilities Boat Dock Carport YN No Construction Materials Wood SidingHardboard Foundation Details Pilings Garage YN No Levels Two Lot Size Dimensions 50 x 255 Other Structures Guest House Parking Features Attached Patio And Porch Features CoveredPorch-OpenWrap AroundFront PorchRear Porch Roof Metal View Direct Lagoon Front View YN Yes Water Body Name Little Lagoon Waterfront Features Beach Accs (Wlk <=1/4 Mi)Gulf Accs (Wlk <=1/4 Mi)Lagoon Front - Building Waterfront Footage 50 Waterfront YN Yes

Interior Features

Appliances DishwasherElectric RangeRefrigeratorCooktop Building Area Total 2587 Cooling Ceiling Fan(s) Dining Room Features Breakfast Area-KitchenDining/Kitchen ComboLvg/Dng/Ktchn ComboSeparate Dining Room Fireplace YN No Fireplaces Total 0 Flooring Wood Heating Electric Heating YN Yes Interior Features Breakfast BarBonus RoomOther Rooms (See Remarks)Detached Sep Living SuiteCeiling Fan(s)High CeilingsInternetStorageVaulted Ceiling(s) Kitchen Level Main Laundry Features Inside Master Bathroom Features Tub/Shower Combo Master Bedroom Level Main

Property Features

Association YN No Community Features None Electric Baldwin EMC New Construction YN No Number Of Units In Community 2 Ownership Whole/Full Property Condition Resale Property Sub Type Duplex Tax Annual Amount 2055.2 Zoning Description Single Family Residence2+ Family Residence

Listing provided by IXL Real Estate: . Listing information © 2025 Baldwin County Association of REALTORS® MLS.


Listing information © 2025 Baldwin County Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Coastal Realty. Data last updated 2025-01-13T08:27:51.147.
 
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Coldwell Banker Coastal Realty
3817 Gulf Shores Parkway , Suite 6
Gulf Shores AL, 36542
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