#370058, Kimberly Willman, Listing Office: RE/MAX Paradise
990 Lagoon Ave W Gulf Shores, AL 36542
Property details
About 990 Lagoon Ave W
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.
Highlights
Summary
- MLS Number: 7507684
- MLS Name: GCMLS2
- Office Name: IXL Real Estate LLC
- Listing Agent: Kristen Alexander
Information is provided by Gulf Coast Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Gulf Coast Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/12/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,400,000
990 Lagoon Ave W
$10,000
closing credit¹
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Price information
Property sales
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Nearby schools
9
Gulf Shores Elementary School
Public District PK-5
2.3 mi
•1600 E 3rd St
5
Swift Elementary School
Public District KG-6
4.9 mi
•6330 Bon Secour Hwy
3
Florence B. Mathis Elementary School
Public District KG-6
9.6 mi
•600 W 9th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $65,303. The majority of Gulf Shores, AL residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
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Frequently asked questions
Living in Gulf Shores, AL
About 990 Lagoon Ave W
This home is located at 990 Lagoon Ave W in Gulf Shores, AL and zip code 36542. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since January 11, 2025 and is currently priced at $1,400,000.
In March 2025, from all listings sold in Gulf Shores, AL there were more than 2 sold above asking price, over 68 sold below and more than 9 were sold right at the asked price. Between February and March 2025, Gulf Shores, AL real estate market has seen increase in the number of listings by 19.1%. Listings spent 57 days on the market in March 2025, and had a median list price of $499,368 during the same period.