Duplex in Gated Coastal
933 Calalou Way Gulf Shores, AL 36542
933 Calalou Way, Gulf Shores, AL, 36542
$625,000
For Sale
$625,000
SINGLE_FAMILY - Gulf Shores, AL
Property Size2,029 SF
Price / SF$308.03
Days on Market73
Property Features for 933 Calalou Way
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1
- Parking features
- Assigned
- Appliances
- Dishwasher, Range-Electric, Refrigerator
- Standard status
- Active
- APN
- 68-08-27-0-000-002.058
- Size
- 2,029 SF
Taxes and HOA fees
- Tax Description
- Cottage per title
Utilities
- Utilities
- Cable Available
- Water front
- 1
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Flooring type
- Tile, Vinyl
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
Beach Home Alabama Realty LLC
(251) 215-2385
24060 Perdido Beach Blvd., Orange Beach, AL
Listed by
Karen Sepko
(251) 215-2385
Added: May 7 Checked: Jul 18 at 4:06 pm
MLS# 396268
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 3-bedroom duplex is located within the gated Martinique coastal community and is described as immaculately maintained. The home offers a back patio with views of the natural landscape. The property can also be rented on a short-term basis with a 3-night minimum, which may help offset ownership costs.
Martinique features a clubhouse, indoor and outdoor pools and spas, tennis courts, and a fitness center, along with access to an uncrowded beach. Buyer to verify all information during due diligence.
The remarks also note master dues of $1,348.80 per quarter and landowner dues of $660.19 per quarter.
Martinique features a clubhouse, indoor and outdoor pools and spas, tennis courts, and a fitness center, along with access to an uncrowded beach. Buyer to verify all information during due diligence.
The remarks also note master dues of $1,348.80 per quarter and landowner dues of $660.19 per quarter.
Key Highlights
- 3BR duplex built in 2002 in the gated Martinique coastal community in Gulf Shores
- Martinique amenities include clubhouse, indoor/outdoor pools and spas, tennis courts, fitness center, and an uncrowded beach
- Appliances included: dishwasher, electric range, and refrigerator
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 | $28.0k | $13.80 |
| − Vacancy | −$1.5k | −$0.72 |
| EGI | $26.5k | $13.08 |
| − OpEx | −$8.0k | −$3.92 |
| NOI | $18.6k | $9.16 |
2,029 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$265.4K
$232.3K – $309.7K
NOI $18,581 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$236.3K
$206.7K – $275.6K
NOI $16,538 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$487.9K
$426.9K – $569.3K
NOI $34,155 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - 3BR duplex in a gated community with clubhouse, pools/spas, tennis, fitness center, and beach access.
Where is this duplex located?
The property is located at 933 Calalou Way Gulf Shores, AL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3BR duplex built in 2002 in the gated Martinique coastal community in Gulf Shores; Martinique amenities include clubhouse, indoor/outdoor pools and spas, tennis courts, fitness center, and an uncrowded beach; Appliances included: dishwasher, electric range, and refrigerator
