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    RV Resort Lakefront Lot Title is generated by Realmo AI

    722 Vacation Circle lot 99, Foley, AL 36535

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    Claim this Listing
    For Sale
    $136,900

    LAND - Foley, AL

    Lot size:
    0.07 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    91
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 722 Vacation Circle lot 99

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PUD
    Standard status
    Active
    APN
    61-02-09-0-001-002.117
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Description
    LOT 99 GRAND RIVIERA RV RESORT A RESUB OF LOT 5A GRAND RIVIERA PHASE 1 SLIDE-2891- D&E

    We can help!

    Listing Contact
    Stephanie Wheeler
    Stephanie Wheeler

    Listing agent Stephanie Wheeler License #109875

    Listing office Redfin Corporation 302 Innovations Dr Ste 320, Franklin, AL

    Listing date Mar 6, 2026

    MLS# 392920 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.

    HighLights

    • Lot 99 in the brand‑new Grand Riviera RV Resort on Co Rd 20 (Miflin Rd) in Foley, AL
    • North shore lot with lake views and a short walk to the main clubhouse, heated swimming pool, and pickleball courts
    • Patio furniture to convey; utilities provided through a single pedestal hookup for RV installation
    • Resort amenities include a large clubhouse, covered pavilion, 3 bathhouses, 2 laundry facilities, 3 swimming pools, playground, and soccer field
    • HOA includes landscaping, pool maintenance, pest/termite services, common area insurance, and utilities such as cable/internet, waste collection, water, and sewer
    • Onsite rental program allows the lot owner to generate monthly income when not in use

    Overview

    Lot 99 in the Grand Riviera RV Resort offers an RV lifestyle setup within a resort community. The property is described as a premium lot on the north shore of the resort’s scenic lake. Current patio furniture is noted to convey. Utilities are provided through a single pedestal hookup, intended to support straightforward RV installation. The resort is planned under PUD zoning, and all details are subject to buyer verification during due diligence.

    The lot is located at 722 Vacation Circle, Foley, Alabama, on Co Rd 20 (Miflin Rd). The listing highlights easy proximity to core community features, including the main clubhouse, a heated swimming pool, and pickleball courts. The broader area is described as an entertainment district, with nearby attractions such as OWA Amusement Park, Tropic Falls indoor water park, and Tanger Outlets Mall. The Gulf Coast beaches and other regional recreation are also referenced as being within driving distance.

    For buyers seeking a hands-on RV ownership alternative, this lot is positioned as an opportunity to place an RV into the resort’s onsite rental program when not in use, rather than renting a space. Resort amenities called out include a large clubhouse, covered pavilion, multiple bathhouses, laundry facilities, multiple swimming pools, playground, a soccer field, pickleball courts, and a dog park. The listing also states lawn maintenance and several services are covered by a low monthly HOA, with association management, landscaping, pool maintenance, pest and termite services, and common area insurance included, along with utilities such as water and sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Campgrounds

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.671168
    Latitude
    30.367748

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    FAQs

    What type of property is this?
    Campground - A PUD RV lot with single-pedestal utility hookup and resort amenities, positioned on the lake’s north shore.
    Where is this campground located?
    The property is located at 722 Vacation Circle lot 99 Foley, AL.
    What is the asking price?
    The asking price for this property is $136,900.
    What are key features of this property?
    This property features: Lot 99 in the brand‑new Grand Riviera RV Resort on Co Rd 20 (Miflin Rd) in Foley, AL; North shore lot with lake views and a short walk to the main clubhouse, heated swimming pool, and pickleball courts; Patio furniture to convey; utilities provided through a single pedestal hookup for RV installation
    (251) 223-2636
    We can help!
    Listing Contact
    Stephanie Wheeler
    Stephanie Wheeler
    Real Estate License ID: 109875
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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