Duplex with Covered
432 Dune Drive Gulf Shores, AL 36542
New
432 Dune Drive, Gulf Shores, AL, 36542
$675,000
For Sale
$675,000
SINGLE_FAMILY - Gulf Shores, AL
Property Size2,618 SF
Price / SF$257.83
Days on Market2
Property Features for 432 Dune Drive
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 1
- Appliances
- Cooktop, Dishwasher, Range-Electric, Refrigerator w/Ice Maker, Smoke Detector, Stack Washer/Dryer
- Standard status
- Active
- APN
- 69-08-02-0-006-029.000.902
- Size
- 2,618 SF
Utilities
- Water front
- 1
Building Details
- Year built
- 2000
- Floors in Building
- 3
- Flooring type
- Tile, Vinyl
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
Crescent Sotheby's Intl Rty-GS
(251) 968-6869
AL
Listed by
Timothy Wilson
(251) 978-0745
Added: Jul 17 Checked: Jul 18 at 4:06 am
MLS# 399555
Listing URL
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 duplex offers two mirrored sides, each featuring 4 bedrooms and 4 bathrooms. The property includes generous covered parking and ample space described for boats and recreational vehicles. Recent updates include a fresh exterior paint color and updated upstairs flooring on both sides, presented as move-in and rent-ready.
The home is located at 432 Dune Drive in The Dunes, a gated Gulf-side community near Fort Morgan. The remarks note proximity to Fort Morgan Marina and that Fort Morgan is minutes away.
The listing also states the property is not located within the CBRA (Coastal Barrier Resources Act) zone. Buyer is advised to verify all information during due diligence.
The home is located at 432 Dune Drive in The Dunes, a gated Gulf-side community near Fort Morgan. The remarks note proximity to Fort Morgan Marina and that Fort Morgan is minutes away.
The listing also states the property is not located within the CBRA (Coastal Barrier Resources Act) zone. Buyer is advised to verify all information during due diligence.
Key Highlights
- Gated Gulf‑side community duplex built in 2000, offering 4 bedrooms and 4 bathrooms on each side
- Appliances included: cooktop, dishwasher, electric range, refrigerator with ice maker, and smoke detectors
- Roof is metal; flooring includes tile and vinyl
Local 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 | $36.1k | $13.80 |
| − Vacancy | −$1.9k | −$0.72 |
| EGI | $34.2k | $13.08 |
| − OpEx | −$10.3k | −$3.92 |
| NOI | $24.0k | $9.16 |
2,618 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$342.5K
$299.7K – $399.6K
NOI $23,975 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$304.8K
$266.7K – $355.7K
NOI $21,339 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$629.6K
$550.9K – $734.5K
NOI $44,070 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two 4-bedroom, 4-bath units with covered parking and recent exterior paint and upstairs flooring updates.
Where is this duplex located?
The property is located at 432 Dune Drive Gulf Shores, AL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Gated Gulf‑side community duplex built in 2000, offering 4 bedrooms and 4 bathrooms on each side; Appliances included: cooktop, dishwasher, electric range, refrigerator with ice maker, and smoke detectors; Roof is metal; flooring includes tile and vinyl
