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Listed by Kristen Alexander • IXL Real Estate LLC

$1,400,000

Est. payment - /mo

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5 BD

5 BA

2,587 SqFt

New

990 Lagoon AVE W Gulf Shores, AL 36542

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The J&B Team

thejandbteam1@gmail.com +1(251) 235-3686

UPDATED:

01/15/2025 03:47 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,587 sqft

Price per Sqft $541

Subdivision Gulf Shores

MLS Listing ID 7507684

Bedrooms 5

Full Baths 5

Year Built 1970

Annual Tax Amount $2,055

Tax Year 2055

Lot Size 0.310 Acres

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.

Location

State AL

County Baldwin - Al

Direction Head West on W Beach Blvd. Turn right onto W Lagoon Ave. Homes are on Righ

Rooms

Basement None

Primary Bedroom Level Main

Dining Room Separate Dining Room

Kitchen Breakfast Bar, Cabinets Other, Eat-in Kitchen, Pantry, Second Kitchen

Interior

Interior Features Beamed Ceilings, Crown Molding

Heating Electric

Cooling Electric

Flooring Hardwood, Wood, Other

Fireplaces Type None

Appliance Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator

Laundry Lower Level, Main Level

Exterior

Exterior Feature Storage

Fence None

Pool None

Community Features None

Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available

Waterfront Description Lagoon

View Y/N true

View Water

Roof Type Metal

Building

Lot Description Back Yard, Front Yard, Level, Other

Foundation Pillar/Post/Pier, Slab

Sewer Public Sewer

Water Public

Architectural Style Beach House

Level or Stories Two

Schools

Elementary Schools Gulf Shores

Middle Schools Gulf Shores

High Schools Gulf Shores

Others

Special Listing Condition Standard

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The J&B Team

Team Leader | License ID: 127888

+1(251) 235-3686

990 Lagoon AVE W Gulf Shores, AL 36542

The J&B Team

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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990 Lagoon AVE W