990 W Lagoon Ave

990 W Lagoon Ave, Gulf Shores, AL

$1,400,000

5 Beds

5 Baths

5 full

2587 SqFt

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 Courtesy of Kristen Alexander, IXL Real Estate LLC, MLS ID# 7507684

Property Details

Property Type Residential
Mls # 7507684
LotSize 0.31 acres
Property Subtype Single Family Residence, Residential
Year Built 1970
Basement None
Living Area 2587 Square Feet
Utilities Cable Available, Electricity Available, Sewer Available, Water Available
Appliances Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator
Laundry Lower Level, Main Level
Heating Electric
Heating Fuel Electric
Fireplace None
Spa None
Electric 110 Volts, 220 Volts
Window Insulated Windows, Storm Window(s)
Flooring Hardwood, Other
Levels Two
Accessibility None
Floors Hardwood, Other
View Water
Roof Metal
Patio / Porch Covered, Deck, Front Porch, Rear Porch, Wrap Around
Fencing None
Other Structures Workshop
Exterior Storage
Foundation Pillar/Post/Pier, Slab
Parking Covered
Pool None
Road Frontage Other
Road Surface Type Asphalt
Sewer Public Sewer
Frontage Length Water Frontage (50)
Architecture Beach House
Construction Materials HardiPlank Type, Wood Siding
Parcel Number 6604192000006000
City Gulf Shores
Community Gulf Shores
Elementary School Gulf Shores
Jr High / Middle School Gulf Shores
High School Gulf Shores
Building Area 2587 Square Feet

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The J&B Team
The J&B Team
Team Leader
IXL Real Estate
  • Mobile, AL
  • Phone: (251) 325-5601
  • Office : 2513255601
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