Updated Duplex with Canal
For Sale
$550,000
417 Windmill Ridge Road, Gulf Shores, AL 36542
MULTI_FAMILY - Other - Gulf Shores, AL
Property Size2,480 SF
Lot Size0.31 Acres
Price / SF$221.77
Days on Market108
Property Features for 417 Windmill Ridge Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 2
Parking
3
Parking features
Carport, Covered, Driveway
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
Subdivision
Windmill Shores Condo
Lot features
Back Yard, Landscaped, Level, Wooded
View
Water
Elementary school
Gulf Shores
Middle school
Gulf Shores
High school
Gulf Shores
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
Heat Pump (Heating), Electric (Heating), Central
Cooling system
Heat Pump, Electric, Ceiling Fan(s), Central Air
Water source
Public
Water front features
Lagoon
Water front
1
Building Details
Year built
2005
Floors in Building
2
Flooring type
Vinyl, Tile - Ceramic
Building materials
Blown-In Insulation, Wood Siding
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Roberts Brothers, Inc Malbis · Berkshire Hathaway HomeServices
(251) 301-1112
Listed By:
Carol Lee · License #83301
(251) 463-6955
Added: Apr 14
Changed: Jul 27
Last Checked: Jul 30 at 3:06PM
MLS# 7752766
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
- Side A of a duplex with 3 bedrooms and 3.5 baths, including two private ensuites
- Lagoon/canal frontage with views of Little Lagoon for kayaking, boating, and fishing
- Renovated in 2021 with new A/C units, updated insulation, and fresh exterior siding and paint
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
446
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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: Side A of a duplex with 3 bedrooms and 3.5 baths, including two private ensuites; Lagoon/canal frontage with views of Little Lagoon for kayaking, boating, and fishing; Renovated in 2021 with new A/C units, updated insulation, and fresh exterior siding and paint
