Short-Term Rental Half
For Sale
$899,900
340 S Breakers Lane, Gulf Shores, AL 36542
Residential, Gulf Shores, AL
Property Size3,865 SF
Price / SF$232.83
Days on Market56
Property Features for 340 S Breakers Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bedroom 3, Bathroom 5, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 2
Patio and Porch features
Patio
Pets allowed
Yes
Interior features
En Suite, Internet, Storage, Ceiling Fan(s)
Exterior features
Storage
Appliances
Dryer, Washer, Ice Maker, Microwave, Dishwasher, Electric Range, Plumbed For Ice Maker, Smoke Detector
Subdivision
Bay To Breakers
Lot features
Less Than 1 Acre
Elementary school
Foley Elementary
Middle school
Foley Middle
High school
Foley High
Directions
From Highway 59, turn on to Highway 180 West (Fort Morgan Highway) and go approximately 18.7 miles. Turn left onto S. Breakers Lane to enter Bay to Breakers subdivision. Head south on S. Breakers Lane and property will be down on your left.
Standard status
Active
APN
69-08-01-0-004-187.004.901
Size
3,865 SF
Taxes and HOA fees
Tax Description
Unit "Sea Oats South" Of Sea Oats At The Breakers Condo Gr S Ec 1-T9s-R2e (st Wd)
Tax Annual Amount
5905
HOA Fee
$394 Monthly
Legal Description
Unit "Sea Oats South" Of Sea Oats At The Breakers Condo Gr S Ec 1-T9s-R2e (st Wd)
Utilities
Heating system
Electric (Heating)
Water front features
Beach Access
Water front
1
Amenities
private pool
two community pools
deeded beach access
private 300-foot pier
Building Details
Year built
1999
Floors in Building
2
Roof type
Metal
Architectural style
Other
Additional Structures
Storage
Listing Agency:
eXp Realty, LLC
Listed By:
Jonathan Lazzarino · License #135458
(888) 923-5547
Added: Aug 27
Changed: Sep 15
Last Checked: Oct 21 at 6:06PM
MLS# 410216
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.
Located at 340 S Breakers Lane in Gulf Shores, this 3,865-square-foot half duplex includes six bedrooms and five bathrooms. The home is fully furnished and includes en suite accommodations, storage, internet access, ceiling fans, a patio, and a metal roof. Appliances include a washer, dryer, dishwasher, microwave, electric range, and ice maker. Built in 1999, the residence is ready for immediate use while also offering room for cosmetic improvements.
Outdoor amenities include a private pool shared with the adjoining duplex, access to two community pools, deeded beach access, and use of a private 300-foot pier on the bay. The adjoining duplex is also available for purchase, creating the option to acquire both sides of the property.
Outdoor amenities include a private pool shared with the adjoining duplex, access to two community pools, deeded beach access, and use of a private 300-foot pier on the bay. The adjoining duplex is also available for purchase, creating the option to acquire both sides of the property.
Key Highlights
- 3,865‑square‑foot half duplex with six bedrooms and five bathrooms
- Fully furnished residence built in 1999
- Shared private pool with adjoining duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,504
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,080
$630.1K
Cap Rate 7%
$450,057
$450.1K
Cap Rate 9%
$350,044
$350.0K
Market Conditions
NOI Build-Up for 3,865 SF
Gross rent
$60.3K $15.60/SF
− Vacancy
−$3.0K −$0.78/SF
EGI
$57.3K $14.82/SF
− OpEx
−$25.8K −$6.67/SF
NOI
$31.5K $8.15/SF
Area
Baldwin County, AL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,080
Cap Rate 7%
$450,057
Cap Rate 9%
$350,044
Alternative Uses
Best Use
Apartment 5plus
$450.1K
$393.8K – $525.1K
NOI $31,504 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$929.5K
$813.3K – $1.08M
NOI $65,062 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
88
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?
Short term rental property - Furnished six-bedroom residence with shared private pool, community pools, deeded beach access, and bay pier privileges.
Where is this short term rental property located?
The property is located at 340 S Breakers Lane Gulf Shores, AL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 3,865‑square‑foot half duplex with six bedrooms and five bathrooms; Fully furnished residence built in 1999; Shared private pool with adjoining duplex
