351 E 2nd Avenue
Gulf Shores, AL, 36542 $ 699,000
Bedrooms4 Baths3.1 Sq 2,044 Monthly Estimate*
$ 4,414
for $699,000 with 4 bedrooms and 3 full baths, 1 half bath. This 2,044 square foot home was built in 1952 on a lot size of 0.143.
10.17% ROI | NO HOA | DEEDED BEACH ACCESS | FULLY RENOVATED | SELLER WILL PAY BUYER'S CLOSING COSTS Exceptional opportunity to own a fully renovated, turn-key property in the heart of Gulf Shores with an estimated 10.17% ROI, NO HOA, and flexible zoning that allows short-term rentals, residential, or commercial use. Properties offering this combination are exceptionally rare.This spacious 4-bedroom, 3.5-bath home comfortably sleeps up to 13 guests and comes fully furnished, allowing for immediate enjoyment or continued rental operation. Future bookings are already in place, providing a seamless transition for the next owner.Ideally located just a short walk from the sugar-white beaches, dining, shopping, festivals, and popular Gulf Shores attractions, the property also features deeded beach access and a 27-foot Gulf-facing deck perfect for enjoying coastal views and breezes.Major improvements have already been completed, including a Fortified Roof (2022), upstairs HVAC (2018), downstairs HVAC (2024), and a new grinder pump (2024), offering peace of mind for years to come.Projected annual gross rental income is approximately $76,391.99, with a projected net operating income of $71,671.31, making this an outstanding opportunity for buyers seeking a strong-performing coastal property.Seller is offering closing cost assistance or a 2/1 interest rate buydown with an acceptable offer, creating additional value for qualified buyers.Properties with NO HOA, deeded beach access, flexible zoning, strong income potential, and a prime Gulf Shores location are rarely available at this price point.Buyer to verify all information during due diligence. Buyer to verify all information during due diligence.
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List ByHeather HarpListing Agent
Re/Max Of Orange BeachBroker
heather@harpsells.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,414
- Monthly Property Taxes
- $365
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbySingle family listings in Gulf Shores, AL
Average List Price $991,028
Percent of Sale Price 42%
About Gulf Shores, AL 11,977 Population
81% Since 2002
$ 54,232 Median Income
43.13 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Gulf Shores High High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/10/2026 | $699,000 | -0.85% | Price Down |
| 6/23/2026 | $705,000 | -3.42% | Price Down |
| 5/27/2026 | $730,000 | -3.82% | Price Down |
| 4/18/2026 | $759,000 | -2.69% | Price Down |
| 1/21/2026 | $780,000 | | Listed Price |