Coastal Multifamily Unit With
For Sale
$550,000
1389 W Lagoon Avenue, Gulf Shores, AL 36542
Residential, Gulf Shores, AL
Property Size1,497 SF
Lot Size0.29 Acres
Price / SF$367.40
Days on Market11
Property Features for 1389 W Lagoon Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MultiFamily
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
Parking features
Carport
Patio and Porch features
Patio, Porch
Pets allowed
Yes
Interior features
En Suite, Storage, Ceiling Fan(s), High Ceilings, Vaulted Ceiling(s)
Fireplace
1
Appliances
Disposal, Microwave, Dishwasher, Refrigerator, Electric Range, Washer/Dryer Stacked, Smoke Detector
Subdivision
Sun Princess
Lot features
Less Than 1 Acre
Elementary school
Gulf Shores Elementary
Middle school
Gulf Shores Middle
High school
Gulf Shores High
Directions
Hwy 59 South to Gulf of America. Turn West on Beach Blvd. Veer to Right onto W. Lagoon Ave. Home on the left.
Standard status
Active
APN
67-06-24-3-001-106.000.901
Size
1,497 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
Unit A Sun Princess Condo In The City Of Gulf Shores Sec 24- T9s-R3e (Vld)
Tax Annual Amount
3161
Legal Description
Unit A Sun Princess Condo In The City Of Gulf Shores Sec 24- T9s-R3e (Vld)
Utilities
Heating system
Electric (Heating)
Water front features
Beach Access, Lagoon
Water front
1
Amenities
pool
private deck
stackable washer/dryer
Building Details
Year built
1999
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Roof type
Metal
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Jill L Collins · License #109619
(334) 274-7145
Added: Aug 31
Changed: Sep 9
Last Checked: Sep 10 at 6:06AM
MLS# 409821
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 1,497-square-foot multifamily unit includes three bedrooms and two bathrooms within a comfortable residential layout. Interior features include granite countertops, vaulted and high ceilings, vinyl flooring, an en suite primary bedroom with walk-in closet, and a stacked washer and dryer. The seller has replaced the windows and French doors in the living room, kitchen, and bedrooms. A private deck, patio, porch, and covered parking add functional outdoor space, while the property also includes access to a pool with surrounding decking.
The 0.2868-acre property is located near public beach access to the Gulf of America and public access to Little Lagoon. Waterfront features include beach access and lagoon access, supporting coastal recreation such as kayaking, boating, and fishing. The property is zoned MultiFamily, has no HOA, and is identified as having short-term rental potential. The adjoining duplex side is also available for separate consideration.
The 0.2868-acre property is located near public beach access to the Gulf of America and public access to Little Lagoon. Waterfront features include beach access and lagoon access, supporting coastal recreation such as kayaking, boating, and fishing. The property is zoned MultiFamily, has no HOA, and is identified as having short-term rental potential. The adjoining duplex side is also available for separate consideration.
Key Highlights
- 1,497‑square‑foot multifamily unit with 3BR/2BA layout
- 0.2868‑acre property zoned MultiFamily
- Public access to the Gulf of America and Little Lagoon nearby
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 36542, AL
16,993
Population
18,551
Households
0.9
Avg Household Size
51
Median Age
38%
College-Educated
95%
High-School Grad
52.0 sq mi
ZIP Area
327
Density / Sq Mi
$74,861
Median Household Income
$35,580
Median Earnings
$1,365
Median Rent
$366,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Three-bedroom residence with lagoon access, private outdoor space, and short-term rental potential.
Where is this multifamily property located?
The property is located at 1389 W Lagoon Avenue 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: 1,497‑square‑foot multifamily unit with 3BR/2BA layout; 0.2868‑acre property zoned MultiFamily; Public access to the Gulf of America and Little Lagoon nearby
