990 W Lagoon Avenue, Gulf Shores, AL 36542
Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties
990 W Lagoon Avenue,Gulf Shores, AL 36542
$1,350,000
- 5 Beds
- 5 Baths
- 2,587 sq. ft.
- Multi-family
- Active
Listed by:kristen alexander
Office:ixl real estate
MLS#:372583
Source:AL_BCAR
Price summary
- Price:$1,350,000
- Price per sq. ft.:$521.84
About this home
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.
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Home facts
- Year built:1970
- Listing ID #:372583
- Added:257 day(s) ago
- Updated:August 12, 2025 at 02:42 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Full bathrooms:5
- Living area:2,587 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s)
- Heating:Electric
Structure and exterior
- Roof:Metal
- Year built:1970
- Building area:2,587 sq. ft.
- Lot area:0.31 Acres
Schools
- High school:Gulf Shores
- Middle school:Gulf Shores Middle
- Elementary school:Gulf Shores Elementary
Finances and disclosures
- Price:$1,350,000
- Price per sq. ft.:$521.84
- Tax amount:$2,055
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