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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