Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Homesite with 100' Frontage Title is generated by Realmo AI

    Bayview Drive lot 8, Lillian, AL 36549

    View on Map
    Claim this Listing
    For Sale
    $625,000

    LAND - Lillian, AL

    Lot size:
    0.75 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for Bayview Drive lot 8

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single Family Residence
    Standard status
    Active
    APN
    63-02-10-0-000-005.009
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Description
    100' X 330'S IRR LOT 8 PERDIDO HIGHLAND & A 1/19TH INT IN LO T 15 PB9 PG106 SEC 10-T8S-R6E (QCD) DB0224 PG534

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Shannon Young

    Listing agent Shannon Young License #125562

    Listing office Coldwell Banker Coastal Realty 34491 US Hwy 98, Lillian, AL

    Listing date Mar 3, 2026

    MLS# 392819 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

    • 0.75‑acre waterfront homesite in Perdido Highlands, Lot 8
    • 100 ft of frontage along Perdido Bay
    • Cleared lot and ready to build
    • Established rip‑rap seawall already in place
    • Waterfront views include sunrise views and bay breezes
    • Pier and kayak access potential along the bay frontage

    Overview

    This offering is a cleared waterfront homesite in Perdido Highlands, identified as Lot 8. The property provides approximately 0.75 acres and features about 100 feet of frontage along Perdido Bay, offering a straightforward buildable canvas for a coastal residence. An established rip-rap seawall is already in place, providing added protection at the water’s edge.

    The lot is located in Lillian, Alabama, and is described as tucked away within the Perdido Highlands community. The listing notes access to the surrounding Gulf Coast area, including approximately 15 minutes to Perdido Key beaches, about 30 minutes to Orange Beach, and roughly 20 minutes to shopping, dining, and entertainment at OWA Parks & Resort.

    For buyers seeking a bayfront build site, this property’s cleared condition and existing seawall are practical considerations. With generous waterfront footage, the lot is positioned for a private pier and waterfront-focused outdoor use, subject to buyer due diligence and all applicable requirements. Buyers are advised to verify all information during due diligence, including any assumptions related to development and permitted improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Lillian
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.470981
    Latitude
    30.356515

    Nearby Similar for Sale

    • $799,900

      Waterfront Multi-Family Development Land

      Waterfront-facing development parcel zoned for multi-family, with 25 prepaid water and sewer taps and 2005 plans for 51 villas.
      County Road 99, Lillian, AL 36549
      View Details
    • $799,900

      Multi-Family Development Land with Prepaid Taps

      Residential multi-family development land with 25 prepaid water and sewer taps plus pre-approved 2005 plans for 51 villas.
      County Road 99, Lillian, AL 36549
      View Details
    • $799,900

      Waterfront Multifamily Development Land

      8.5-acre parcel across Perdido Bay with multi-family zoning and prepaid water and sewer taps for development.
      County Road 99, Lillian, AL 36549
      View Details
    • $325,000

      Corner Lot in Lillian, AL

      2.8 acre corner lot with large oak trees.
      33019 US Highway 98 lot: 5, Lillian, AL 36549
      View Details
    • $175,000

      RV Lot in Spanish Cove

      Immaculate RV lot with full hookups and resort-style amenities.
      553 Escambia Loop, Lillian, AL 36549
      View Details
    • $295,500

      Agricultural Land with Split Parcels

      Mostly cleared agricultural land totaling 6.733 acres, split into two parcels for flexible ownership options.
      Krieger Lane, Lillian, AL 36549
      View Details
    • $2,999,000

      Waterfront Mixed-Use Land Opportunity

      Over six acres with approximately 852 feet of Perdido Bay frontage, zoned B-2 for neighborhood business uses.
      12580 6th Street lot: 5-17, Lillian, AL 36549
      View Details
    • $175,000

      RV Lot with Fifth-Wheel Camper

      Includes utility hookups and a concrete pad for RV living, plus a fifth-wheel camper.
      553 Escambia Loop lot: 553, Lillian, AL 36549
      View Details
    • $289,350

      Waterfront Mixed-Use Land Opportunity

      Waterfront land on Perdido Bay with B-2 zoning for commercial use and potential live-work development.
      12664 6th Street lot: 10, Lillian, AL 36549
      View Details
    • $134,900

      Improved RV Lot in Lillian

      Coastal getaway in a golf-cart-friendly community with upgrades.
      368 Buena Vista Drive lot: 368, Lillian, AL 36549
      View Details
    • $220,000

      Residential Lot in Cypress Bay

      1.7-acre residential lot in Lillian, AL, ready for building.
      Tarklin View Drive lot: 4, Lillian, AL 36549
      View Details
    • $145,000

      Improved RV Lot in Lillian

      RV lot with carport, shed, and lanai in Lillian.
      134 Defuniak Loop lot: 134, Lillian, AL 36549
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Cleared 0.75-acre bayfront lot in Perdido Highlands with 100 feet of frontage along Perdido Bay.
    Where is this waterfront land located?
    The property is located at Bayview Drive lot 8 Lillian, 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: 0.75‑acre waterfront homesite in Perdido Highlands, Lot 8; 100 ft of frontage along Perdido Bay; Cleared lot and ready to build
    (251) 800-2509
    We can help!
    Listing Contact
    Shannon Young
    Real Estate License ID: 125562
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Bayview Drive lot: 8, Lillian, AL 36549
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!