$1,350,000
$50K PRICE DROP

990 W Lagoon Ave Gulf Shores, AL 36542

Estimated payment $7,470/month

Total Views 11,883
5 Beds
5 Baths
2,587 Sq Ft
$522 Price per Sq Ft

Highlights

  • Guest House
  • Home fronts a lagoon or estuary
  • Wood Flooring
  • Gulf Shores Elementary School Rated A-
  • Vaulted Ceiling
  • Main Floor Primary Bedroom

About This Home

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.

Listing Agent

Kristen Alexander

IXL Real Estate Listed on: 01/10/2025

IXL Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,055

Year Built

  • Built in 1970

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 50 x 255
  • Home fronts a lagoon or estuary
  • Zoning described as Single Family Residence,2+ Family Residence

Parking

  • Attached Garage

Home Design

  • Stilt Home
  • Metal Roof
  • Wood Siding
  • Piling Construction
  • Hardboard

Interior Spaces

  • 2,587 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Open Floorplan
  • Formal Dining Room
  • Bonus Room
  • Storage
  • Laundry in unit
  • Wood Flooring
  • Property Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 5 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Outdoor Features

  • Wrap Around Porch

Additional Homes

  • Guest House
  • Dwelling with Separate Living Area

Schools

  • Gulf Shores Elementary School
  • Gulf Shores Middle School
  • Gulf Shores High School

Utilities

  • Heating Available
  • Internet Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 23 / 23
  • Assessor Parcel Number 6604192000006.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,055

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • View: Direct Lagoon Front
  • Parcel Number: 6604192000006.000
  • Year Built: 1970
  • Property Sub-Type: Duplex
  • ResoCommunityFeatures: None
  • ResoLaundryFeatures: Inside
  • Lot Size Acres: 0.31
  • Water Body Name: Little Lagoon
  • Co List Office Phone: 251-265-1230
  • Ownership: Whole/Full
  • MLS Status: Active
  • Subdivision Name: None
  • Architectural Style: Raised Beach
  • ResoBuildingAreaSource: Appraiser
  • Carport Y N: No
  • Reso Interior Features: Breakfast Bar, Bonus Room, Other Rooms (See Remarks), Detached Sep Living Suite, Ceiling Fan(s), High Ceilings, Internet, Storage, Vaulted Ceiling(s)
  • Unit Levels: Two
  • Living Area: 2587
  • New Construction: No
  • ResoPropertyCondition: Resale
  • Financial Info Electric: Baldwin EMC
  • Kitchen Level: Main
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Electric Range, Refrigerator, Cooktop
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Wood
  • Dining Room Features: Breakfast Area-Kitchen, Dining/Kitchen Combo, Lvg/Dng/Ktchn Combo, Separate Dining Room
  • Master Bedroom Master Bedroom Level: Main
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Roof: Metal
  • Waterfront: Yes
  • View: Yes
  • Waterfront Features: Beach Accs (<=1/4 Mi), Gulf Accs (<=1/4 Mi), Lagoon Front - Building
  • Disclosures: Seller Disclosure
  • Construction Type: Wood Siding, Hardboard
  • Foundation Details: Pilings
  • Other Structures: Guest House
  • Patio And Porch Features: Covered, Porch-Open, Wrap Around, Front Porch, Rear Porch

Garage/Parking

  • Attached Garage: No
  • Parking Features: Attached

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Electric
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Gulf Shores Middle

Lot Info

  • Lot Dimensions: 50 x 255
  • Lot Size Sq Ft: 13503.6
  • ResoLotSizeUnits: Square Feet
  • Zoning Description: Single Family Residence,2+ Family Residence

Multi Family

  • Number Of Units In Community: 2

Tax Info

  • Tax Annual Amount: 2055.2
  • Tax Block: 23
  • Tax Lot: 23

MLS Schools

  • Elementary School: Gulf Shores Elementary
  • HighSchool: Gulf Shores

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,634 $88,460 $34,500 $53,960
2023 $2,085 $62,280 $26,960 $35,320
2022 $1,757 $54,620 $0 $0
2021 $1,584 $35,280 $0 $0
2020 $1,870 $58,020 $0 $0
2019 $1,658 $51,620 $0 $0
2018 $1,410 $42,740 $0 $0
2017 $1,349 $40,540 $0 $0
2016 $2,140 $64,440 $0 $0
2015 -- $61,340 $0 $0
2014 -- $56,740 $0 $0
2013 -- $56,040 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 Price Changed $1,350,000 -3.6% $522 / Sq Ft
01/10/2025 01/10/25 For Sale $1,400,000 +300.0% $541 / Sq Ft
03/28/2016 03/28/16 Sold $350,000 0.0% $132 / Sq Ft
01/29/2016 01/29/16 Pending -- -- --
05/18/2015 05/18/15 For Sale $350,000 -- $132 / Sq Ft
Source: Baldwin REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $350,000 None Available
Source: Public Records

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Source: Baldwin REALTORS®

MLS Number: 372583

Baldwin REALTORS®

APN: 66-04-19-2-000-006.000

Alabama Baldwin County Gulf Shores 36542

990 W Lagoon Ave, Gulf Shores, AL

This home is located at 990 W Lagoon Ave, Gulf Shores, AL 36542 and is currently priced at $1,350,000, approximately $521 per square foot. This property was built in 1970. 990 W Lagoon Ave is a home located in Baldwin County with nearby schools including Gulf Shores Elementary School, Gulf Shores Middle School, and Gulf Shores High School.

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Nearby Homes
Listing Agent
Kristen Alexander
Section Image
IXL Real Estate
(251) 220-1508