1. Alabama
  2. Gulf Shores
  3. 990 Lagoon W Avenue
$1,400,000

990 Lagoon W Avenue, Gulf Shores, AL 36542

  • 5 beds |
  • 5 baths |
  • 2,587 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1970
  • Property Lot Size Icon0.31acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $541/sqft
  • Property List Date Icon Listed 6 months ago

Property Description

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.

Listing Status:
Active
Date Added:
January 10, 2025 at 06:00AM
Listing Office:
IXL Real Estate LLC : 251-265-1230
Listing Agent:
Kristen Alexander : 251-581-5180
MLS ID:
7507684
  • General: Beamed CeilingsCrown Molding
  • Appliances: DishwasherElectric CooktopElectric OvenElectric Water HeaterRefrigerator
  • Laundry: Lower LevelMain Level
  • Basement: None
  • Flooring: HardwoodWoodOther
  • A/C: Electric
  • Heating: Electric
  • Fireplace: None
  • Disability Feature: None
  • Eco/Green Feature: None

This listing courtesy of Kristen Alexander, IXL Real Estate LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Gulf Shores Elementary School

1600 E 3rd St, Gulf Shores, AL, 36542

Grades PK-5

2.33 miles away

G

Gulf Shores Middle School

450 E 15th Ave, Gulf Shores, AL, 36542

Grades 6-8

2.38 miles away

G

Gulf Shores High School

600 E 15th Ave, Gulf Shores, AL, 36542

Grades 9-12

2.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.