Discover the ultimate investment haven at the Lagoon! This extraordinary property showcases two houses and an apartment offering a rare chance to capitalize on multiple revenue streams. Nestled along the tranquil Little Lagoon, just a short stroll from a public beach. Featuring versatile spaces and endless potential, the property is ideal for various lifestyle needs. The sellers have thoroughly renovated both homes. Recent upgrades include new metal roofs (end of 2020), new exterior, newer water heaters, HVAC systems, plumbing and electrical. The owners meticulous attention to detail is evident throughout. The luxurious waterfront residences boasts breathtaking sunset views from its wrap around porch. The interior features sleek, contemporary finishes, including appliances, fixtures and flooring and stunning views of the lagoon. Additional features include newer high impact hurricane windows. 2 bedrooms & 2 baths, spacious updated kitchen and dining room. Beneath the waterfront home lies a private apartment, complete with 1 bedroom and 1 bathroom, living area and breakfast nook, offering picturesque views and convenient pier access. The possibilities here are endless. The second home currently operated as an Airbnb showcases two porches with stunning views. The interior features 2 bedroom, 2 baths, two bonus rooms, spacious living room & kitchen. A large dining room with porch access is an additional highlight. The lower level accommodates a laundry area for the current rental property and a substantial storage room which could be repurposed as an additional apartment. The potential for these two homes and apartment is vast. With its million dollar view and prime location this property presents a unique opportunity. Located under 1.5 miles from The Hangout, restaurants and shopping, it is a rare gem. Buyer to verify all information during due diligence.
Here's your chance to own both sides of this little lagoon front duplex located in a prime Gulf Shores location. Laguna sands consist of 4 standalone duplex buildings with shared amenities such as pool, baby pool, hot tub, & pier/boat dock on Little Lagoon. This building is the only one in the complex situated directly pool front, making it the prime building out of the 4 available. The gulf and beautiful white sand beaches are only a short walk making this property a best of both worlds situation. Spend the day at the beach, come back in the evening & fish off the pier for dinner, or kayak the Lagoon to enjoy the tranquility! Ea. unit has 4 bedroom and 3.5 baths with the primary bedroom on the main level. Upstairs you will find a split bedroom plan with a bunkroom between the two. The two upper north and south bedrooms each have private balconies off the room. The upper balcony on the south side with views of the gulf, while the northern side of each unit has balconies on each level overlooking the Lagoon and property amenities. Each bedroom space is LARGE! Plenty of space, plenty of storage, and in some of the rooms, there is even additional pull out bedding due to the tremendous amount of space offered. The beautiful wood floors throughout each unit and rare in this area & add to the charm of these beautifully decorated beachy duplex units. Many updates have been completed, leaving the new owner with little to worry about! New appliances and one HVAC, as well as constant upkeep & maintenance on decor or any needed rental supplies to make this a well-stocked and kept rental. Fantastic Net income in 2023 of $125k, and 135k this year despite the trending lower rents of 2024. This is a unique situation and a great opportunity for someone to own both sides and take advantage of large group rentals with 8 total bedrooms, &/or use one side and rent the other while enjoying a bounty of amenities, and a location that can't be beat! See MLS 353981 for single side listing
Investor's Dream! Gulf Front Fort Morgan Luxury. Excellent income producing investment property or Family Home. One mile East of Fort Morgan Marina. The duplex rental income producing property has deeded walking access to the Gulf beach and beautiful views from the front porches. Walk down the drive to the Gulf. Close to the marina (boater's dream) and Ft Morgan State Park. Newly remodeled and beautifully decorated, these are beautiful beach homes. Four bedrooms and 2 baths on each side; As a bonus, one bedroom on both sides is a bunk room located off the back porch. Sides are connected/divided by a double locking door on back porches. It is perfect to share or separate these beach homes. Approximately 1200 sq feet each side. 350 sq ft of porches each side. Great rental for large families or groups who need two houses. $80,000 average in rental income. $110,000 projection by rental management company. Perfect for investors or for someone who wants to live in one side and rent out the other or perhaps even a family that wants to go together to purchase a family beach house. Offered just in time for Gulf Coast Summer rental season. Gulf Shores is a very sought after island resort and Fort Morgan adds the perfect balance of beach, privacy and all the fun things to do close by. The room dimensions listed are per duplex side. Move in and rental ready, you won't need to do one thing to begin living in or renting this beach haven. Rental revenue past and 2024 available. Huge bonus: No HOA. You will love the area. From large parties to family rentals, this beautiful property offers so much. Must see. Tour today! Buyer to verify all information during due diligence.
Two gulf front bedroom suites with access to huge the balcony (8 x 40). Living room features floor to ceiling windows overlooking the beach and 9 ft ceilings. Wonderful kitchen with granite counters, stainless appliances and large bar area. Parking is easy. Drive up to parking garage, covered parking available with access to 2 elevators or 1 flight of stairs. This is a unique building with only 3 condos per floor. Island Tower amenities include infinity edge outdoor pool and climate controlled indoor pool, fitness center overlooking the white sandy beach, and private grilling area. SUPER LOCATION with everything you need in walking distance, including the Hangout, City Park, Coffee Shops, etc. Great rental with approx. $40,000 for this year thru July 31, 2024. Building has received an exterior restoration including balconies,pools,and boardwalk. Buyer to verify all information during due diligence.
**SELLER IS OFFERING 2% SELLER CONCESSIONS WITH ACCEPTABLE OFFER AT CLOSING** Welcome to your private 100ft Gulf-front paradise in the peaceful community of Fort Morgan, Alabama! Nestled along the pristine shores of the Gulf of Mexico, this luxurious vacation rental duplex offers the perfect blend of comfort, convenience, and breathtaking views. With the capacity to accommodate a total of 32 guests, this duplex is an ideal choice for large groups, family reunions, or any special occasion. The duplex is situated right on the Gulf-front, providing unobstructed views of the sparkling waters. The property is designed as two identical, mirror-image units, each with its own private entrance with 6 bedrooms/6.5 bathrooms and a pool on each side. A private boardwalk leads directly to the 100ft private sandy shores, allowing guests easy access to the beach for sunbathing, swimming, and relaxing. Property is currently listed with a management company projected rentals are $350K rental projections. Fully Furnished! Buyer to verify all information during due diligence.
Gulf Shores is located in Alabama. Gulf Shores, Alabama has a population of 14,712. Gulf Shores is less family-centric than the surrounding county with 19.65% of the households containing married families with children. The county average for households married with children is 29.71%.
The median household income in Gulf Shores, Alabama is $53,048. The median household income for the surrounding county is $64,346 compared to the national median of $69,021. The median age of people living in Gulf Shores is 50 years.
The average high temperature in July is 90 degrees, with an average low temperature in January of 40.8 degrees. The average rainfall is approximately 63.5 inches per year, with 0 inches of snow per year.
