Lakefront Villa in Glenlakes
9577 Villas Dr Foley, AL 36535
9577 Villas Dr, Foley, AL, 36535
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For Sale
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2-bedroom, 2-bath villa with lake views and golf course access.
Property Size1,190 SF
Price / SF$192.44
Days on Market134
Property Features for 9577 Villas Dr
General Information
- Standard status
- Active
- Size
- 1,190 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1999
Listing Agency
Beachball Properties
Listed by
Jonathan R. Bennett Orange Beach & Gulf Shores Realtor · License #110875
Source
Crexi
Added: Mar 5 Checked: Jul 16 at 10:53 am
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 Beachball Properties
Investment Insights
Based on property information with market context.
Located in Foley, Alabama, this lakefront townhome villa at 9577 Villas Drive is situated within the Glenlakes Golf Club. The property features 2 bedrooms and 2 bathrooms within its 1,190 square feet of living space. Calming lake views are visible from the main living area, sunroom, and primary suite. The property includes an enclosed screened porch. Updates and upgrades include new carpet in the primary bedroom, wood laminate flooring, fresh interior paint, custom window treatments, and a wet bar. It also features a whole-home surge protector and a leaf-free gutter system, along with an active termite contract. Two assigned parking spaces are included. The property is located near shopping, dining, and the beaches of Gulf Shores and Orange Beach. Optional memberships at Glenlakes Golf Club are available.
Key Highlights
- Lakefront property with water views from living area, sunroom, and primary suite
- Located in Glenlakes Golf Club, offering optional golf and social memberships
- Low‑maintenance villa living with updates including new carpet, wood laminate flooring, and fresh paint
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 | $16.4k | $13.80 |
| − Vacancy | −$854 | −$0.72 |
| EGI | $15.6k | $13.08 |
| − OpEx | −$4.7k | −$3.92 |
| NOI | $10.9k | $9.16 |
1,190 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$155.7K
$136.2K – $181.6K
NOI $10,898 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$138.6K
$121.3K – $161.7K
NOI $9,700 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$286.2K
$250.4K – $333.9K
NOI $20,032 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - 2-bedroom, 2-bath villa with lake views and golf course access.
Where is this duplex located?
The property is located at 9577 Villas Dr Foley, AL.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Lakefront property with water views from living area, sunroom, and primary suite; Located in Glenlakes Golf Club, offering optional golf and social memberships; Low‑maintenance villa living with updates including new carpet, wood laminate flooring, and fresh paint
