Coastal Duplex with Covered
432 Dune Drive A, Gulf Shores, AL 36542
For Sale
New
$699,000
Each side offers four bedrooms and four bathrooms, with room for boats and recreational vehicles.
Property Size2,618 SF
Price / SF$266
Days on Market2
Property Features for 432 Dune Drive A
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
(251) 220-5889
Listed By:
Coleman Moore
Source:
Sweetwillowrealty
Added: Nov 10
Last Checked: Nov 10 at 2:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coleman Moore
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Investment Insights
Based on property information with market context.
This 2,618-square-foot duplex, built in 2000, has two four-bedroom, four-bathroom residences. Recent work includes exterior paint and updated flooring upstairs in both units. Covered parking and additional space for boats and recreational vehicles serve the property.
The duplex is in The Dunes, a gated Gulf-side community near Fort Morgan in Gulf Shores. Fort Morgan Marina and the historic Fort Morgan are nearby, with beaches, boating, fishing, and nature trails in the surrounding area. The property is outside the Coastal Barrier Resources Act (CBRA) zone.
The duplex is in The Dunes, a gated Gulf-side community near Fort Morgan in Gulf Shores. Fort Morgan Marina and the historic Fort Morgan are nearby, with beaches, boating, fishing, and nature trails in the surrounding area. The property is outside the Coastal Barrier Resources Act (CBRA) zone.
Key Highlights
- Two residences, each with 4 bedrooms and 4 bathrooms
- 2,618 square feet; built in 2000
- Gated Gulf‑side setting in The Dunes, near Fort Morgan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,975
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,500
$479.5K
Cap Rate 7%
$342,500
$342.5K
Cap Rate 9%
$266,389
$266.4K
Market Conditions
NOI Build-Up for 2,618 SF
Gross rent
$36.1K $13.80/SF
− Vacancy
−$1.9K −$0.72/SF
EGI
$34.2K $13.08/SF
− OpEx
−$10.3K −$3.92/SF
NOI
$24.0K $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%
$479,500
Cap Rate 7%
$342,500
Cap Rate 9%
$266,389
Alternative Uses
Best Use
Multifamily LT 5
$342.5K
$299.7K – $399.6K
NOI $23,975 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$304.8K
$266.7K – $355.7K
NOI $21,339 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$629.6K
$550.9K – $734.5K
NOI $44,070 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
69
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
$366,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Gulf Shores, AL
Properties on Market for Duplexes in Gulf Shores
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each side offers four bedrooms and four bathrooms, with room for boats and recreational vehicles.
Where is this duplex located?
The property is located at 432 Dune Drive A Gulf Shores, AL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two residences, each with 4 bedrooms and 4 bathrooms; 2,618 square feet; built in 2000; Gated Gulf‑side setting in The Dunes, near Fort Morgan
