Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Gulf Shores Title is generated by Realmo AI

    Zeanah Road lot Blk 1 Lot 139, Gulf Shores, AL 36542

    View on Map
    Claim this Listing
    For Sale
    $199,000

    LAND - Gulf Shores, AL

    Added:
    Nov 29, 2025
    Days on Market:
    186
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for Zeanah Road lot Blk 1 Lot 139

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    05-68-08-28-0-002-048.000

    Taxes and HOA fees

    Tax Description
    61' X 100' BLK 1 LOT 139 PB1 P152 GULF HIGHLANDS DB516 P696- 697

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Joe Emerson
    Joe Emerson

    Listing agent Joe Emerson License #120179-1

    Listing office EXIT Realty Gulf Shores 3145 Gulf Shores Parkway, AL

    Listing date Nov 29, 2025

    MLS# 388557 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

    • Deeded beach access for endless seaside enjoyment.
    • No HOA fees, offering freedom and savings.
    • Ready for custom residential build, design your dream home.
    • Located in Gulf Highlands Community.
    • Adjacent to Exclusive Beach Club Resort (membership options available).
    • Nestled near protected state lands, enjoy nature's tranquility.

    Overview

    This property presents an opportunity to own land with deeded beach access and no Home Owners Association fees. Located in the Gulf Highlands community, the lot is situated in the northeast corner of protected State lands and is adjacent to the Beach Club resort. The property is suitable for a custom residential build. Club membership options are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Gulf Shores
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8145
    Latitude
    30.249

    Nearby Similar for Sale

    • $584,000
      2,480 SF

      Updated Duplex Near Gulf Shores Beach

      Updated duplex near the beach with canal access.
      417 Windmill Ridge Road, Gulf Shores, AL 36542
      View Details
    • $4,575,000

      Gulf Shores Commercial Development Site

      Prime 3.79-acre commercial development site in a rapidly growing area.
      1600 E Second Street, Gulf Shores, AL 36542
      View Details
    • $2,750,000

      Prime Land on Highway 59

      48+/- acres with Highway 59 frontage in Gulf Shores, AL.
      STATE HIGHWAY 59 lot: 2, Gulf Shores, AL 36535
      View Details
    • $399,000

      Fort Morgan Road Commercial Lot

      Commercial lot in Fort Morgan, zoned for mixed use.
      2322 State Highway 180, Gulf Shores, AL 36542
      View Details
    • $2,500,000

      Prime Land in Gulf Shores

      Development opportunity near Gulf Shores Public Beach and The Hangout.
      204 W 1st Avenue lot: 26/8, Gulf Shores, AL 36542
      View Details
    • $399,000

      Commercial Lot in Gulf Shores

      Commercial lot with mixed-use potential in Fort Morgan.
      0 State Highway 180, Gulf Shores, AL 36542
      View Details
    • $425,000

      Waterfront Land with Building Potential

      Waterfront lot with RV, utilities, and building potential.
      16303 Bon Bay Drive, Gulf Shores, AL 36542
      View Details
    • $629,000
      1,518 SF

      Furnished Duplex Near Gulf Shores

      Spacious, fully-furnished duplex near the beach in Gulf Shores, AL.
      1469 W Lagoon Ave, Gulf Shores, AL 36542
      View Details
    • $99,900

      RV Lot in Upscale Resort

      Prime RV lot in a newer resort near Gulf beaches.
      19558 County Road 8, Gulf Shores, AL 36542
      View Details
    • $137,300

      Residential Lot Near Bay

      Homesite near community boat ramp with potential bay views.
      12475 State Highway 180, Gulf Shores, AL 36542
      View Details
    • $157,500

      Residential Lots in Gulf Shores

      Almost 1/2 acre vacant land ready for building plans.
      17086 State Highway 180, Gulf Shores, AL 36542
      View Details
    • $157,500

      Vacant Land in Gulf Shores

      Almost half-acre vacant land ready for building in Gulf Shores.
      17086 State Highway 180, Gulf Shores, AL 36542
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land with deeded beach access and no HOA.
    Where is this residential land & home lot located?
    The property is located at Zeanah Road lot Blk 1 Lot 139 Gulf Shores, AL.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Deeded beach access for endless seaside enjoyment.; No HOA fees, offering freedom and savings.; Ready for custom residential build, design your dream home.
    (251) 550-9021
    We can help!
    Listing Contact
    Joe Emerson
    Joe Emerson
    Real Estate License ID: 120179-1
    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
    Zeanah Road lot: Blk 1 Lot 139, Gulf Shores, AL 36542
    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!