Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1469 W Lagoon Ave Gulf Shores, AL 36542

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $629,000

    DUPLEX - Other - Gulf Shores, AL

    Property size:
    1,518 SF
    Price / SF:
    $414/SF
    Added:
    Apr 29, 2026
    Days on Market:
    10
    Last Refresh:
    May 8 at 2:06 am

    Property Features for 1469 W Lagoon Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1
    Parking features
    Carport, Driveway
    Vegetation
    Wooded
    Patio and Porch features
    Porch, Deck
    Interior features
    CeilingFans, GraniteCounters, OpenConcept, Pantry, SolidSurfaceCounters, WalkInClosets
    Exterior features
    OutdoorGrill
    Appliances
    Dryer, Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator, WaterHeater, Washer
    Standard status
    Active
    APN
    67-06-24-3-001-085.000.901
    Size
    1,518 SF

    Taxes and HOA fees

    Tax Description
    UNIT "A" WAVE WATCH II CONDO SEC 24-T9S-R3E

    Utilities

    Water source
    Public

    Building Details

    Year built
    1996
    Floors in Building
    2
    Flooring type
    Hardwood
    Building materials
    CementSiding, VinylSiding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Melinda Corder
    Melinda Corder

    Listing agent Melinda Corder

    Listing office Corder Real Estate 1306 Queen City Ave, Tuscaloosa, AL

    Listing date Apr 29, 2026

    MLS# 174915 Listing URL

    Copyright © 2026 West Alabama Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully furnished and turnkey, ready for immediate enjoyment or rental income.
    • Just a short 4‑minute walk (0.2 miles) to the beach!
    • Spacious duplex featuring 3 bedrooms and 3 bathrooms.
    • Three covered balconies with views of West Beach Blvd.
    • Ample outdoor patio space for entertaining or parking.
    • Low‑maintenance coastal living with HOA covering landscaping.

    Overview

    Furnished Duplex Near Gulf Shores

    This fully-furnished duplex in Gulf Shores is located just 0.2 miles from the beach. The property features 3 bedrooms, 3 bathrooms, and 3 covered balconies with surrounding views of West Beach Blvd. Designed for relaxation and entertaining, the duplex includes ample outdoor patio space for gathering, unwinding, or additional parking. The main level features an open concept living room, dining area, and kitchen, along with a generously sized bedroom and a full bathroom. Upstairs, there is a primary suite with a double sink vanity, an additional bedroom, a full bathroom, and a laundry closet. The property size is 1518 square feet. The HOA covers landscaping. This turnkey property delivers comfort, location, and coastal living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Three Cs Hotel & Motel

    Suggested Use

    Restaurant Hair Salon Building Supply Real Estate Agency Big Box & Wholesale Store Department Store Food Market Bakery Travel Agency Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Shores
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.729666
    Latitude
    30.243565

    Nearby Similar for Sale

    • $584,000
      2,480 SF

      Updated Duplex Near Gulf Shores Beach

      Updated duplex near the beach with canal access.
      417 Windmill Ridge Road, Gulf Shores, AL 36542
      View Details
    • $109,500

      RV Lot in Whispering Pines

      Shaded RV lot in Gulf Shores resort community.
      19558 County Road 8, Gulf Shores, AL 36542
      View Details
    • $97,500

      RV Lot in Whispering Pines Resort

      Shaded RV lot with storage shed near Gulf Shores.
      19558 County Road 8, Gulf Shores, AL 36542
      View Details
    • $95,000

      RV Lot in Gulf Shores

      Deeded RV lot in a resort-style community near beaches.
      195558 County Road 8, Gulf Shores, AL 36542
      View Details
    • $99,900

      RV Lot in Upscale Resort

      Prime RV lot in a newer resort near Gulf beaches.
      19558 County Road 8, Gulf Shores, AL 36542
      View Details
    • $2,599,000
      6,558 SF

      Gulf-Front Duplex: Income Potential

      Gulf-front duplex with 12 bedrooms, strong rental history, and luxury appeal.
      3014 Ponce De Leon Court, Gulf Shores, AL 36542
      View Details
    • $1,295,000
      3,300 SF

      Beachside Duplex with Gulf Views

      Renovated duplex near the beach, ideal for rental income.
      6488 Sawgrass Drive, Gulf Shores, AL 36542
      View Details
    • $95,900

      Improved RV Lot Near Beach

      Deeded, paved RV lot near beach with amenities and utilities.
      19558 County Road 8, Gulf Shores, AL 36542
      View Details
    • $139,900

      Improved RV Lot - Gulf Shores

      RV lot with owner financing near Gulf Shores Public Beach.
      19648 County Road 8, Gulf Shores, AL 36542
      View Details
    • $100,000

      RV Lot in Whispering Pines

      RV lot with amenities near Gulf Shores beaches.
      19648 County Road 8, Gulf Shores, AL 36542
      View Details
    • $105,000

      Gulf Shores RV Resort Lot

      RV lot in a resort setting with income potential.
      19648 County Road 8, Gulf Shores, AL 36542
      View Details
    • $172,000

      Improved RV Lot with River Views

      RV lot with covered deck and included RV near Gulf Shores.
      17287 Pirate Circle, Gulf Shores, AL 36542
      View Details

    FAQs

    What type of property is this?
    Duplex - Spacious, fully-furnished duplex near the beach in Gulf Shores, AL.
    Where is this duplex located?
    The property is located at 1469 W Lagoon Ave Gulf Shores, AL.
    What is the asking price?
    The asking price for this property is $629,000.
    What are key features of this property?
    This property features: Fully furnished and turnkey, ready for immediate enjoyment or rental income.; Just a short 4‑minute walk (0.2 miles) to the beach!; Spacious duplex featuring 3 bedrooms and 3 bathrooms.
    (205) 799-3977
    We can help!
    Listing Contact
    Melinda Corder
    Melinda Corder
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1469 W Lagoon Ave, Gulf Shores, AL 36542
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!