515 W 1st Avenue $800,000


    515 W 1st Avenue Gulf Shores, AL 36542

    • 4 Beds
    • 4 Baths
    • 1,920 sq. ft.
    • Single-Family
    • MLS# 351223
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    Views: 29 Days On Site: 20

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    Property Details

    Welcome to your dream investment opportunity just steps away from the stunning Gulf Shores beaches! This exceptional duplex offers not one, but two charming living spaces, each featuring 2 bedrooms and 1.5 bathrooms. Whether you're seeking a coastal getaway or a savvy income generator, this property has it all. Situated just one street away from the pristine Gulf Shores beaches, you'll enjoy the luxury of coastal living at its finest. Picture waking up to the sound of waves crashing and salty sea breezes on your doorstep. Duplex Layout: This property is divided into two identical, mirror-image units, each with 2 spacious bedrooms and 1.5 well-appointed bathrooms. Perfect for accommodating family, friends, or renters. Income Potential: With a duplex configuration, you have the option to live in one unit while renting out the other. Imagine generating a steady stream of rental income to offset your living expenses or as a lucrative investment. Coastal Living: The duplex features ample windows that flood each unit with natural light and showcase the Gulf Coast's beauty. Step outside onto your private balcony to savor the salty sea air and breathtaking sunsets on each level of each duplex. Both units come equipped with appliances, including a fully-equipped kitchen, in-unit laundry facilities, and comfortable living spaces for relaxed beachside living. The low-maintenance exterior ensures more time for you to enjoy the beach, while the property's history of responsible upkeep ensures a turnkey investment. Off-street parking spaces ensure hassle-free access for both residents and guests. Whether you're looking for a permanent residence, a vacation getaway, or an income-generating property, this Gulf Shores duplex is your ticket to coastal paradise. Don't miss out on this fantastic opportunity to own a slice of Gulf Shores beachside living. Buyer / Buyers agent to verify all information deemed important. A side furnishings do not convey.

    • General Features
      • Area Gulf Shores 1
      • Bathrooms 4
      • Bedrooms 4
      • Community Features None
      • Full Bathrooms 2
      • Half Bathrooms 2
      • Listing Terms Cash, Conventional, Portfolio
      • Pets Allowed More Than 2 Pets Allowed
      • Property Sub Type Duplex
      • Subdivision Name Gulf Shores
    • Building Features
      • Appliances Dishwasher, Dryer, Electric Range, Refrigerator, Washer
      • Construction Materials Vinyl Siding
      • Flooring Carpet, Tile
      • Foundation Details Pilings
      • Heating Electric
      • Roof Dimensional
    • Room Features
      • Bedroom 2 Area 154
      • Bedroom 2 Length 14
      • Bedroom 2 Level Second
      • Bedroom 2 Width 11
      • Bedroom 3 Area 168
      • Bedroom 3 Length 14
      • Bedroom 3 Level Second
      • Bedroom 3 Width 12
      • Bedroom 4 Area 154
      • Bedroom 4 Length 14
      • Bedroom 4 Level Second
      • Bedroom 4 Width 11
      • Kitchen Area 224
      • Kitchen Length 16
      • Kitchen Level Main
      • Kitchen Width 14
      • Living Room Area 176
      • Living Room Length 16
      • Living Room Level Main
      • Living Room Width 11
      • Master Bedroom Area 168
      • Master Bedroom Length 14
      • Master Bedroom Width 12
      • Room Master Bedroom Level Second
    • Property Features
      • Boat Facilities None
      • Parking Features Double Carport
      • Utilities Gulf Shores Utilities
      • View Indirect Gulf-Across Rd
    • Schools
      • custom elem Gulf Shores Elementary
      • custom high Gulf Shores High



    36542 (Gulf Shores) Demographics

    51 Median Age
    198 Population Density (per sq. mile)
    42% College Educated
    $52,214 Estimated Median Income
    4,468 Estimated Total Home Owners
    2,808 Estimated Total Renters
    61% / 39% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    14,937 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $420,000 Median Sales Price
    123 Homes Sold
    206 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $800,000
        9/1/2023 6:16:00 PM New in Database Source: Multiple Listing Service New Value: $800,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Baldwin REALTORS® Association. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.