115 E 21st Avenue
Gulf Shores, AL, 36542 $ 279,000
Bedrooms3 Baths2.0 Sq 1,076 Monthly Estimate*
$ 1,762
for $279,000 with 3 bedrooms and 2 full baths. This 1,076 square foot home was built in 1950 on a lot size of 0.258.
Rare investment opportunity in the heart of Gulf Shores! Located at 115 E 21st Avenue, this property offers tremendous potential for investors, builders, and buyers looking for a renovation project in one of the fastest-growing areas along Alabama’s Gulf Coast.The existing home is a true fixer-upper and is being offered as-is, presenting an excellent opportunity for a complete renovation, rental investment, or redevelopment project. What truly sets this property apart is its highly desirable R-4 zoning, a high-density residential classification intended for multi-family development. Gulf Shores’ R-4 district is designed to accommodate higher-density residential uses, creating exceptional redevelopment potential for investors seeking to maximize the property’s value. Buyer to verify all permitted uses, density requirements, and development regulations with the City of Gulf Shores. Positioned just minutes from Gulf Shores’ beautiful white-sand beaches, public beach access, restaurants, shopping, entertainment, schools, and the rapidly growing Waterway Village district, this location continues to benefit from strong demand for both long-term and short-term housing opportunities. The property’s central location provides convenient access to Highway 59, Gulf State Park, local marinas, and all that Gulf Shores has to offer.Whether you’re looking to restore the existing structure, add to your investment portfolio, or explore redevelopment possibilities, opportunities like this are becoming increasingly difficult to find in Gulf Shores. Bring your vision and unlock the full potential of this prime in-town property.Property sold as-is. Buyer to verify all information, zoning, dimensions, and development possibilities during due diligence. Buyer to verify all information during due diligence.
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List ByAntoni FigueiredoListing Agent
antonilfigueiredo@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,762
- Monthly Property Taxes
- $130
- 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 $990,591
Percent of Sale Price 255%
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 |
|---|
| 6/24/2026 | $279,000 | | Listed Price |