Duplex with Covered
432 Dune Drive Gulf Shores, AL 36542
New
432 Dune Drive, Gulf Shores, AL, 36542
$699,000
For Sale
$699,000
SINGLE_FAMILY - Gulf Shores, AL
Property Size2,618 SF
Price / SF$266
Days on Market2
Property Features for 432 Dune Drive
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 2
- Parking features
- Carport, Garage
- Appliances
- Cooktop, Dishwasher, Disposal, Microwave, Range-Electric, Refrigerator w/Ice Maker
- Standard status
- Active
- APN
- 69-08-02-0-006-029.000.901
- 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 2:06 am
MLS# 399556
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 for-sale duplex offers a total of 4 bedrooms and 4 bathrooms on each side, providing separate layouts within the same property. The duplex includes generous covered parking and ample space for boats and recreational vehicles. Recent updates include a fresh exterior paint color and updated upstairs flooring on both sides, supporting a move-in ready condition.
Set within The Dunes, a gated Gulf-side community near Fort Morgan in Gulf Shores, the property is positioned for convenient access to coastal recreation. Public remarks note proximity to Fort Morgan Marina and that the historic Fort Morgan area is just minutes away.
An additional detail provided in the remarks is that the property is not located within the CBRA (Coastal Barrier Resources Act) zone. Buyer is advised to verify all information during due diligence.
Set within The Dunes, a gated Gulf-side community near Fort Morgan in Gulf Shores, the property is positioned for convenient access to coastal recreation. Public remarks note proximity to Fort Morgan Marina and that the historic Fort Morgan area is just minutes away.
An additional detail provided in the remarks is that 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
- Duplex in The Dunes gated Gulf‑side community near Fort Morgan, offering 4 bedrooms and 4 bathrooms on each side
- Not located in the CBRA (Coastal Barrier Resources Act) zone, which may provide insurance savings (buyer to verify)
- Parking includes carport and garage, plus generous covered parking and space for boats and recreational vehicles
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 3.43%
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 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 - Duplex in The Dunes community with covered parking and updates including exterior paint and upstairs flooring.
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 $699,000.
What are key features of this property?
This property features: Duplex in The Dunes gated Gulf‑side community near Fort Morgan, offering 4 bedrooms and 4 bathrooms on each side; Not located in the CBRA (Coastal Barrier Resources Act) zone, which may provide insurance savings (buyer to verify); Parking includes carport and garage, plus generous covered parking and space for boats and recreational vehicles
