Multi-Family

990 Lagoon Avenue, Gulf Shores

$1,350,000

Bedroom 5 bedrooms
Bathroom 5 baths

  • MLS #: 372583
  • Property Type: Multi-Family
  • Address: 990 Lagoon Avenue, Gulf Shores, AL 36695-
  • County: Baldwin
  • Subdivision: None
  • SQFT: 2587
  • Acres: 0.31
  • Year Built: 1970
  • Date Listed: 1/10/2025

Location Location

Agent Comments Agent Comments
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.

Amenities Amenities
  • Dishwasher
  • Electric Range
  • Refrigerator
  • Cooktop

Interior Features Interior Features
  • Cool System: Ceiling Fan(s)
  • Heat System: Electric
  • Floors: Wood
  • Fireplaces: 0
  • Master Bath: Tub/Shower Combo
  • Interior: Breakfast Bar, Bonus Room, Other Rooms (See Remarks), Detached Sep Living Suite, Ceiling Fan(s), High Ceilings, Internet, Storage, Vaulted Ceiling(s)

Exterior Features Exterior Features
  • Parking: Attached
  • Siding: Wood Siding, Hardboard
  • Roof: Metal

Additional Features Additional Features
  • County: Baldwin
  • Property Type: Duplex
  • Tax Number: 6604192000006
  • Waterfront Features: Beach Accs (<=1/4 Mi), Gulf Accs (<=1/4 Mi), Lagoon Front - Building
  • Year Built: 1970