$1,400,000

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

  • 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: 2/21/2025, 6:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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back of property featuring a lawn

$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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $65,303. Most Gulf Shores, AL residents have annual incomes between $35k-100k. The majority of 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?

  • HuntingHunting
  • NASCARNASCAR
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • DillardsDillards
  • Wal-MartWal-Mart
  • Dick's Sporting GoodsDick's Sporting Goods

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • Hardee'sHardee's
  • Texas RoadhouseTexas Roadhouse

What do the neighbors drive?

  • CadillacCadillac
  • RamRam
  • SubaruSubaru

What do the neighbors listen to?

  • News/Talk/InformationNews/Talk/Information
  • Classic CountryClassic Country
  • New CountryNew Country
All data provided by Home Junction and Claritas

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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.

While more than 4 listings in Gulf Shores, AL in January 2025 were sold above asking price, there were more than 6 listings sold at asking price, and more than 47 were sold below. The number of listings in Gulf Shores, AL increased by 11.7% between December and January 2025. In January 2025, listings were on the market for 99 days. During the same period, the median list price in this real estate market was $494,466.

From Rocket Homes Real Estate and based on county public records data.

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