Active

990 W Lagoon Avenue

Gulf Shores AL, 36542

$1,400,000


$541.17 per sqft

Active

5 Beds

5 Baths

2,587 sqft

Multi-family

Built in 1970

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.

372583

MLS ID

January 11, 2025

Listed

January 15, 2025

Updated

Map

990 W Lagoon Avenue
Gulf Shores AL, 36542

Interior Features

Total Stories

2


Bedrooms

5


Total Bathrooms

5


Full Bathrooms

5


Interior Features

Breakfast Bar, Ceiling Fan(s), High Ceilings, Storage, Vaulted Ceiling(s)


Appliances

Cooktop, Dishwasher, Electric Range, Refrigerator


Laundry Description

Inside


Floor Description

Wood


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.31 Acres


Lot Features

Waterfront


Architectual Style

Raised Beach


Roof

Metal

School Information

High School

Gulf Shores


Elementary School

Gulf Shores Elementary

Other Property Details

Taxes

$2,055


Tax Frequency

Annually


Garage

No


Parking

Attached


View

Yes


County

Baldwin


Pool

No


Waterfront

Yes


Zoning

2+ Family Residence,Single Family Residence

Courtesy of IXL Real Estate, Kristen Alexander

Listing Contact: 2515815180 

The data relating to real estate for sale on this web site comes in part from the Baldwin County Association of REALTORS.  Real estate listings held by brokerage firms other than Top Tier Team are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Top Tier Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data on this page was last updated on 1/15/2025.

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