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
MULTI_FAMILY - Other - 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 Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 3
- Parking
- 3
- Parking features
- Carport, Driveway, Covered
- Window features
- Double Pane Windows, Window Treatments
- Patio and Porch features
- Porch
- Interior features
- Double Vanity, High Ceilings 9 ft Main, High Speed Internet, Walk-In Closet(s)
- Exterior features
- Balcony, Private Entrance, Storage
- Appliances
- Disposal, Dishwasher, Dryer, Electric Water Heater, Refrigerator, Washer
- Standard status
- Active
- APN
- 6604202000053000901
- Size
- 2,480 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1800
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central, Heat Pump (Heating)
- Cooling system
- Ceiling Fan(s), Central Air, Heat Pump, Electric
- Water source
- Public
- Water front features
- Lagoon
- Water front
- 1
Building Details
- Year built
- 2005
- Floors in Building
- 2
- Flooring type
- Tile - Ceramic, Vinyl
- Building materials
- Blown-In Insulation, Wood Siding
- Roof type
- Composition
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
Roberts Brothers, Inc Malbis
(251) 301-1112
Mobile, AL
Listed by
Carol Lee · License #83301
(251) 463-6955
Added: Apr 14 Checked: Jul 18 at 5:06 am
MLS# 7752766
Listing URL
Copyright © 2026 Mobile Area Association of 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 updated duplex was renovated in 2021 and presents a configured Side A residence with 3 bedrooms and 3.5 baths. The main level includes a private suite overlooking the canal, with a spacious bathroom offering double vanities, a garden tub, a tiled shower, and a large walk-in closet. Upstairs, there is a second ensuite with its own private bath and balcony, plus an additional bedroom and a versatile flex space suitable for a second living area, office, or game room. Recent improvements include a fortified roof, new exterior siding, fresh paint, window treatments, vinyl plank flooring in the bedrooms, updated fans, insulation, new A/C units, and built-in office furniture in the upstairs suite. The ground-level carport area provides a large storage room for tools and beach gear.
The property sits directly on a canal, with boating, kayaking, and fishing described as available from the backyard. It is located in Gulf Shores, approximately two blocks from the beach, and is positioned near shopping and dining. The lot is listed at 0.31 acres.
For buyers seeking a turnkey residential income setup or a live-in-and-rent arrangement, the duplex layout offers private ensuites and flexible interior space. The absence of HOA is also noted, and buyers are encouraged to verify all information during due diligence.
The property sits directly on a canal, with boating, kayaking, and fishing described as available from the backyard. It is located in Gulf Shores, approximately two blocks from the beach, and is positioned near shopping and dining. The lot is listed at 0.31 acres.
For buyers seeking a turnkey residential income setup or a live-in-and-rent arrangement, the duplex layout offers private ensuites and flexible interior space. The absence of HOA is also noted, and buyers are encouraged to verify all information during due diligence.
Key Highlights
- Updated duplex (Side A) built in 2005 with 3 bedrooms and 3.5 baths, including two private ensuites
- 2021 renovation upgrades: fortified roof, new exterior siding, fresh paint, updated fans/insulation, new A/C units, and vinyl plank flooring in bedrooms
- Canalfront with lagoon views and waterfront access—ideal for kayaking, boating, and fishing from your backyard
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
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FAQs
What type of property is this?
Duplex - Renovated 2021 duplex on a canal with a carport storage area and updated finishes, suited for flexible live-in income.
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: Updated duplex (Side A) built in 2005 with 3 bedrooms and 3.5 baths, including two private ensuites; 2021 renovation upgrades: fortified roof, new exterior siding, fresh paint, updated fans/insulation, new A/C units, and vinyl plank flooring in bedrooms; Canalfront with lagoon views and waterfront access—ideal for kayaking, boating, and fishing from your backyard
