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990 W Lagoon Avenue Gulf Shores, AL $ 1,350,000
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$ 1,350,000 Get more info
990 W Lagoon Avenue
$ 1,350,000
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Share Save

990 W Lagoon Avenue

Gulf Shores, AL, 36542
$ 1,350,000
Bedrooms5 Baths5.0 Sq 2,587

Monthly Estimate*

$ 8,422

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Multi-Family Home for sale in Gulf Shores, AL

for $1,350,000 with 5 bedrooms and 5 full baths. This 2,587 square foot home was built in 1970 on a lot size of 0.31.

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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Multi-Family Active

Price

$ 1,350,000

Bedrooms

5

Full Bath

5

Property Type

Multi-Family

Taxes

$ 2,055

Style

Lot Size

0.31

Year Built

1970

Town/City

Gulf Shores

County/Region

Baldwin

MLS | Web ID

372583
Features
Interior
Interior Amenities Breakfast Bar Bonus Room Detached Sep Living Suite Other Rooms (See Remarks) Ceiling Fan(s) High Ceilings Internet Storage Vaulted Ceiling(s)
Flooring Wood
Total Fireplaces 0
Kitchen Level Main
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
Laundry Features Inside
Total Bedrooms 5
Total Baths 5
Master Bathroom Features Tub/Shower Combo
Dining Room Features Breakfast Area-Kitchen Dining/Kitchen Combo Lvg/Dng/Ktchn Combo Separate Dining Room
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General
Heating Electric
Cooling Ceiling Fan(s)
Possession Close Of Escrow
Roof Metal
Appliances Cooktop Dishwasher Electric Range Refrigerator
Patio/Porch Features Covered Porch-Open Wrap Around Front Porch Rear Porch
Architectural Style Raised Beach
Construction Materials Hardboard Wood Siding
Year Built 1970
Electric Baldwin EMC
View Direct Lagoon Front
Levels Two
Property Subtype Duplex
Ownership Whole/Full
Waterfront Features Beach Accs (Wlk <=1/4 Mi) Gulf Accs (Wlk <=1/4 Mi) Lagoon Front - Building
Community Features None
County Baldwin
New Construction N
Property Type Residential Income
HOA N
Subdivision Name None
Garage Y/N N
Other Structures Guest House
Full Baths 5
Status Active
Directions Head West on W Beach Blvd. Turn right onto W Lagoon Ave. Homes are on Right
High School Gulf Shores
City Gulf Shores
Body of Water Little Lagoon
Senior Community Y/N N
Zoning Description 2+ Family Residence Single Family Residence
MLS Area Gulf Shores 1
Lot Size Units Square Feet
Lot Size Square Feet 13503.6
Carport Y/N N
Elementary School Gulf Shores Elementary
Property Attached Y/N N
Tax Annual Amount 2055.2
Home Warranty Y/N N
Middle/Junior High School Gulf Shores Middle
Property Condition Resale
Building Area Units Square Feet
Primary Bedroom Level Main
Living Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Tax Lot 23
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Exterior
Parking Features Attached
Lot Size Area 13503.6
Foundation Details Pilings
Spa N
Building Area Total 2587
Lot Dimensions 50 x 255
Lot Size Acres 0.31
Waterfront Y/N Y
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* Excluded Features
List By
Kristen Alexander

Listing Agent

Ixl Real Estate

Broker

soldbykristen18@gmail.com

Email

Affordability Calculator

$8,593
Per Month
98%
2%
0%
Monthly Principal & Interest
$8,422
Monthly Property Taxes
$171
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Gulf Shores High School High School
See complete school information
Pricing History
Date Price Price Change Description
8/12/2025 $1,350,000 -3.57% Price Down
6/23/2025 $1,400,000 Listed Price

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990 W Lagoon Avenue, Gulf Shores, AL, 36542 is a Multi-Family Home for sale at $1,350,000 with 2,587 sqft and a lot size of 0.31. 990 W Lagoon Avenue has 5 bedrooms, 5.0 baths, and was built in 1970. The property's zip code is 36542 which is in Gulf Shores, AL

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