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$10,000 Closing Credit¹
#376730, Leigh McPherson, Listing Office: RE/MAX of Orange Beach
$1,400,000 List price
990 Lagoon Ave W Gulf Shores, AL 36542
$10,000
Closing credit¹
5 beds
5 full
0.3 acres
House
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
Home typeOther
HeatingElectric
StatusActive
CoolingElectric
Lot size0.31 Acres
Year built1970
ParkingCovered
MLS #7507684
WaterfrontLagoon
ViewWater
Summary
- Full Bathrooms: 5
- Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator
- Basement: No
- Flooring Type: Hardwood, Wood, Other
- Interior: Beamed Ceilings, Crown Molding
- Fireplace: None
- Total Bedroom Count: 5
- Parking: Covered
- Waterfront: Lagoon
- View: Water
- Exterior: Storage
- Heating: Electric
- Cooling: Electric
- List Price: $1,400,000
- Lot: Back Yard, Front Yard, Level, Other
- Year Built: 1970
- Lot Size: 0.31 Acres
- 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: 5/29/2025, 1:20:32 PM 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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Tax history
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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. Typical income of Gulf Shores, AL residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
27%
<35k
47%
35k-100k
24%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
42%
Single, No Kids
5%
Single, with Kids
42%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
5%
12-17 yrs old
14%
18-34 yrs old
51%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Dillards
Wal-Mart
Dick's Sporting Goods
Where do the neighbors go to eat?
Cracker Barrel
Hardee's
Texas Roadhouse
What do the neighbors drive?
Cadillac
Ram
Subaru
What do the neighbors listen to?
News/Talk/Information
Classic Country
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Gulf Shores, AL
Transportation in Gulf Shores includes a mix of private and public options. The Baldwin Regional Area Transit System (BRATS) provides public bus services catering to residents and tourists, with schedules that accommodate peak beach-going times. Ride-sharing services are available, enhancing mobility for those without personal vehicles. The area is bike-friendly, with several trails and dedicated lanes. Major roadways such as State Highway 59 and the Beach Express facilitate travel and commuting, with ongoing improvements to manage the growing traffic demands.
The community is served by a number of public schools, offering educational opportunities from elementary to high school levels, as well as private institutions that cater to various educational needs. Healthcare services are accessible, with facilities providing urgent care, primary care, and specialized medical services. The local library system supports lifelong learning with a range of programs and resources. Retail and dining options are abundant, with many establishments showcasing local seafood and southern cuisine, reflecting the Gulf Shores culture.
Gulf Shores is celebrated for its laid-back beach town atmosphere and strong sense of community. The area prides itself on its pristine white sandy beaches and outdoor recreational activities, including the annual Shrimp Festival, which draws visitors and locals alike. The community is also known for its commitment to preserving natural habitats, with several wildlife reserves and state parks that offer a tranquil escape from the more developed areas.
Gulf Shores offers a diverse array of housing options, with a significant portion of the market dedicated to single-family homes that exhibit a blend of coastal cottage, Mediterranean, and contemporary architectural styles. Condominiums and townhouses are also prevalent, particularly in areas closer to the beach, catering to those seeking a vacation home or investment property. The housing market is dynamic, with new developments and renovations reflecting the area's growth as a desirable coastal destination.
About 990 Lagoon Ave W
The listing price of 990 Lagoon Ave W property is $1,400,000.
The property 990 Lagoon Ave W is a house located in Gulf Shores, Alabama, 36542.
Active Listing: 990 Lagoon Ave W is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 990 Lagoon Ave W are: Gulf Shores Elementary School (GreatSchools Rating 9/10), Swift Elementary School (GreatSchools Rating 5/10), Florence B. Mathis Elementary School (GreatSchools Rating 3/10), Gulf Shores Middle School (GreatSchools Rating 9/10), Foley Middle School (GreatSchools Rating 3/10), Elberta Middle School (GreatSchools Rating 9/10), Foley High School (GreatSchools Rating 6/10), Elberta High School (GreatSchools Rating 6/10), Fairhope High School (GreatSchools Rating 9/10).
The property at 990 Lagoon Ave W has 5 bedrooms and 5 bathrooms.
The year of construction for 990 Lagoon Ave W is 1970.
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.
Gulf Shores, AL housing market in April 2025 saw over 5 listings sold above listed price, more than 17 sold at listed price and over 87 sold below. The number of homes for sale in Gulf Shores, AL increased by 12.4% between March and April 2025. The median list price of listings available in April 2025 was $495,718, while the average time on the real estate market was 99 days.
From Rocket Homes Real Estate and based on county public records data.