500 Lemoyne Drive, Dauphin Island, AL 36528
Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties
500 Lemoyne Drive,Dauphin Island, AL 36528
$2,250,000
- 4 Beds
- 4 Baths
- 4,067 sq. ft.
- Single family
- Active
Listed by:leslie davis
Office:keller williams mobile
MLS#:7629541
Source:AL_MAAR
Price summary
- Price:$2,250,000
- Price per sq. ft.:$553.23
About this home
Investor-Ready Bayfront 4-Plex on Indian Bay --- Fully Permitted for Vacation Rentals -- Comes Immaculately Furnished and Operational
An exceptional, income-producing opportunity awaits on Indian Bay at Dauphin Island! This turnkey Bayfront 4-Plex offers immediate revenue potential with vacation rental permits already in place and zoning for Commercial or Resort use, making it ideal for short-term rentals, a private retreat, or even future redevelopment.
Positioned on a prime waterfront lot, this Gold Fortified (built to Gold Fortified Residential Standards) property includes four thoughtfully designed units, each offering spacious, stylish interiors with high-end finishes and furnishings:
3 Units feature:
* King bedroom suite + twin bunk alcove + sleeper sofa (sleeps 6)
* All La-Z-Boy furnishings and luxury mattresses
* Gourmet kitchens with GE professional stainless gas ranges, microwaves, full-size refrigerators, and dishwashers
* Open-concept living areas with kitchen islands and waterfront views
* Impact resistant Doors and Windows with Storm Protective Mesh Covers
* 4th Unit currently functions as a professional office but can easily convert into a fully equipped vacation unit.
* Convenient Front and Back Stairs for easy access, with both back and front porches for each unit
Bonus Features Include:
* Stunning upper units with white-washed tongue-and-groove vaulted ceilings and glass doors opening to panoramic bay views
* Individually metered power and water for all units (future condo conversion potential)
* Fully irrigated, professionally landscaped grounds with separate irrigation meter
* Covered outdoor kitchen and dining area for guest entertaining
* Bayfront dock with fish cleaning station, water, and power--ideal for boating and fishing enthusiasts
* Ample on-site parking for 15+ vehicles, plus secure kayak storage
* Gold Fortified construction (to residential standards) with impact-rated windows/doors
* Cargo lift for convenience
* Large enclosed storage room for equipment or owners use
Whether you're seeking potential passive rental income, a boutique resort concept, or a private multi-unit island escape, this property delivers flexibility, durability, and prime location on the island's desirable bayfront.
All the groundwork has been laid---utilities, permits, zoning, and infrastructure. This is a one-of-a-kind investment you can step into and start earning from Day One. Schedule your private showing and see how this property can elevate your portfolio.
Seller is licensed Realtor in State of Alabama
Contact an agent
Home facts
- Year built:2023
- Listing Id #:7629541
- Added:6 day(s) ago
- Updated:August 10, 2025 at 10:39 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Living area:4,067 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central, Electric
Structure and exterior
- Roof:Metal
- Year built:2023
- Building area:4,067 sq. ft.
- Lot area:0.36 Acres
Schools
- High school:Alma Bryant
- Middle school:Peter F Alba
- Elementary school:Dauphin Island
Utilities
- Water:Available, Public
- Sewer:Available, Public Sewer
Finances and disclosures
- Price:$2,250,000
- Price per sq. ft.:$553.23
- Tax amount:$8,202
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