Updated Duplex with Canal
417 Windmill Ridge Road Gulf Shores, AL 36542
417 Windmill Ridge Road, Gulf Shores, AL, 36542
$550,000
For Sale
$550,000
SINGLE_FAMILY - Gulf Shores, AL
Property Size2,480 SF
Lot Size0.31 Acres
Price / SF$221.77
Days on Market96
Property Features for 417 Windmill Ridge Road
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 2
- Parking features
- Carport
- Fireplace
- 1
- Appliances
- Dishwasher, Disposal, Dryer, Range-Electric, Refrigerator w/Ice Maker, Smoke Detector, Washer
- Standard status
- Active
- APN
- 66-04-20-2-000-053.000.901
- Size
- 2,480 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Description
- UNIT "A" WINDMILL SHORES CONDO IN THE CITY OF GULF SHORES SE C 20-T95-R4E (WD/SURVIVORSHIP)
Utilities
- Water front features
- Lagoon
Building Details
- Year built
- 2005
- Floors in Building
- 2
- Flooring type
- Vinyl, Tile
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
Roberts Brothers, Inc Malbis
(251) 301-1112
111 W Myrtle Ave Suite 3, AL
Listed by
Carol Lee · License #83301
(251) 463-6955
Added: Apr 14 Checked: Jul 18 at 4:06 am
MLS# 395082
Listing URL
Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated duplex offers a canal-facing layout with multiple private accommodations. Side A features 3 bedrooms and 3.5 baths, including two private ensuites. The main level suite overlooks the canal and includes a spacious bathroom with double vanities, a garden tub, a tiled shower, and a large walk-in closet. Upstairs, the second ensuite includes a private bath and balcony, along with an additional bedroom and a flex space suited for a second living area, office, or game room. The property was completely renovated in 2021 with improvements including a fortified roof, new exterior siding, fresh paint, window treatments, vinyl plank flooring in bedrooms, updated fans, insulation, new A/C units, and built-in office furniture in the upstairs suite. A ground-level carport includes a large storage room for beach gear and other items.
Located in Gulf Shores on Windmill Ridge Road, the home sits directly on a canal and is described as being just two blocks from the beach. The property is also noted as being near shopping and dining, and there is no HOA. Buyer to verify all information during due diligence.
Located in Gulf Shores on Windmill Ridge Road, the home sits directly on a canal and is described as being just two blocks from the beach. The property is also noted as being near shopping and dining, and there is no HOA. Buyer to verify all information during due diligence.
Key Highlights
- Renovated duplex (Side A) built in 2005 with 3 bedrooms and 3.5 baths
- Direct canal location with views of Little Lagoon and waterfront activities like kayaking, boating, and fishing
- Multiple ensuite baths, including main‑level ensuite with double vanities, garden tub, tiled shower, and large walk‑in closet
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.2k | $13.80 |
| − Vacancy | −$1.8k | −$0.72 |
| EGI | $32.4k | $13.08 |
| − OpEx | −$9.7k | −$3.92 |
| NOI | $22.7k | $9.16 |
2,480 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.4K
$283.9K – $378.5K
NOI $22,711 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$288.8K
$252.7K – $336.9K
NOI $20,214 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$596.4K
$521.8K – $695.8K
NOI $41,747 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated duplex on a canal with private ensuites, balcony, and ground-level carport with storage room.
Where is this duplex located?
The property is located at 417 Windmill Ridge Road Gulf Shores, AL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Renovated duplex (Side A) built in 2005 with 3 bedrooms and 3.5 baths; Direct canal location with views of Little Lagoon and waterfront activities like kayaking, boating, and fishing; Multiple ensuite baths, including main‑level ensuite with double vanities, garden tub, tiled shower, and large walk‑in closet
