Discover the ultimate investment haven at the Lagoon! This

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Townhome/Townhouse For Sale

990 W Lagoon Avenue

Gulf Shores, Alabama 36542

Baldwin County

Community: 

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$1,350,000 5 br, 5.0 bath 2587 sq. ft. 0.310 acres

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 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.

Interior:
  • Bedrooms: 5
  • Baths: 5.0
  • Sq Ft: 2587
  • Year Built: 1970
  • Utilities: 
  • Fireplaces: 
  • Stories: 2
  • Heat/AC: 
  • Garage: 
Exterior:
  • Lot Size: 0.310 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: 
  • Roof: Metal
  • MLS #: 372583
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Contact Information:
Beach Townhome/Townhouse For Sale in Gulf Shores, Alabama
Listing Agent: Kristen Alexander, IXL Real Estate, 251-581-5180, 251-265-1230 Listing Site, Listing Status: Active
Copyright © 2025 Baldwin County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 5692921
Viewed 128 times.
Updated: Oct 15, 2025

This property is a Townhome/Townhouse located at 990 W Lagoon Avenue, Gulf Shores, Alabama 36542, and is currently For Sale at $1,350,000. This Townhome/Townhouse has 5 bedrooms, 5.0 baths, 2587 sq ft.