Duplex with Beach
For Sale
$625,000
1467 Sandy Lane, Gulf Shores, AL 36542
Residential, Gulf Shores, AL
Property Size2,247 SF
Price / SF$278.15
Days on Market60
Property Features for 1467 Sandy Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 2, Dining Room, Bedroom 1
Window features
Window Treatments
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
En Suite, Internet, Ceiling Fan(s), High Ceilings, Termite Contract, Split Bedroom Plan
Exterior features
Storage
Appliances
Dryer, Washer, Disposal, Microwave, Dishwasher, Electric Range, Plumbed For Ice Maker
Subdivision
The Dunes
Lot features
Less Than 1 Acre
Elementary school
Foley Elementary
Middle school
Foley Middle
High school
Foley High
Directions
Head West on Fort Morgan road (hwy 180) approximately 20 miles. property is on the Gulf Side of the road.
Standard status
Active
APN
69-08-01-0-005-008.004.901
Size
2,247 SF
Taxes and HOA fees
Tax Description
Unit "A" Duplex At The Dunes Revised Slide 1907-B & 1908-A 5-18-00 Wb Ms100 Pg586 Ms89 Pg51 Gr Sec 1-T9s-R 1E (Wd)
Tax Annual Amount
1683
HOA Fee
$350 Quarterly
Legal Description
Unit "A" Duplex At The Dunes Revised Slide 1907-B & 1908-A 5-18-00 Wb Ms100 Pg586 Ms89 Pg51 Gr Sec 1-T9s-R 1E (Wd)
Utilities
Heating system
Electric (Heating)
Water front features
Beach Access
Water front
1
Amenities
pool
spa
beach access
gated community
Building Details
Year built
1998
Floors in Building
2
Number of units
2
Roof type
Metal
Architectural style
Other
Additional Structures
Storage
Buildings
1
Listing Agency:
Goode Realty, LLC
Listed By:
Debbie E Fulmer · License #96663
(251) 981-2929
Added: Aug 27
Changed: Oct 23
Last Checked: Oct 25 at 7:06AM
MLS# 409747
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.
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Investment Insights
Based on property information with market context.
This 2,247-square-foot duplex, built in 1998, has three bedrooms, three bathrooms, an open living and dining area, and two decks. The kitchen features quartz counters, custom tile details, and newer stainless steel appliances. Wood-look tile flooring, a metal roof, and newer double-pane windows are also noted. Parking beneath the property accommodates vehicles and watercraft, with additional storage available.
The home is in a gated community in the Fort Morgan area and has Gulf views. Community amenities include a pool and spa, while private beach access is available. The property also has a pet-friendly beach access point.
The home is in a gated community in the Fort Morgan area and has Gulf views. Community amenities include a pool and spa, while private beach access is available. The property also has a pet-friendly beach access point.
Key Highlights
- 2,247‑square‑foot duplex with 3 bedrooms and 3 bathrooms
- Two decks and Gulf views
- Gated community with pool and spa
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,577
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,540
$411.5K
Cap Rate 7%
$293,957
$294.0K
Cap Rate 9%
$228,633
$228.6K
Market Conditions
NOI Build-Up for 2,247 SF
Gross rent
$31.0K $13.80/SF
− Vacancy
−$1.6K −$0.72/SF
EGI
$29.4K $13.08/SF
− OpEx
−$8.8K −$3.92/SF
NOI
$20.6K $9.16/SF
Area
Baldwin County, AL
Vacancy
5.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,540
Cap Rate 7%
$293,957
Cap Rate 9%
$228,633
Alternative Uses
Best Use
Multifamily LT 5
$294.0K
$257.2K – $343.0K
NOI $20,577 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$261.6K
$228.9K – $305.3K
NOI $18,315 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$540.4K
$472.8K – $630.4K
NOI $37,825 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A gated coastal community setting includes Gulf views, shared pool and spa access, and parking with additional storage.
Where is this duplex located?
The property is located at 1467 Sandy Lane Gulf Shores, AL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,247‑square‑foot duplex with 3 bedrooms and 3 bathrooms; Two decks and Gulf views; Gated community with pool and spa
