Listed price in listed location currency (USD).
$699,000

440

MLS® 390598

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 2044 sqft
Garage 
Taxes 
Days Active 191
Lot Size 0.143 Acres
Approx. Age 1952
Avg. Price Per Sqft $341
MLS® Number 390598

Property Address: 351 E 2nd Ave, Gulf Shores, AL, 36542-6625

Average square foot calculated using Size range provided by listing agent.

Description

10.17% ROI | NO HOA | DEEDED BEACH ACCESS | FULLY RENOVATED | SELLER WILL PAY BUYER'S CLOSING COSTS Exceptional opportunity to own a fully renovated, turn-key property in the heart of Gulf Shores with an estimated 10.17% ROI, NO HOA, and flexible zoning that allows short-term rentals, residential, or commercial use. Properties offering this combination are exceptionally rare.This spacious 4-bedroom, 3.5-bath home comfortably sleeps up to 13 guests and comes fully furnished, allowing for immediate enjoyment or continued rental operation. Future bookings are already in place, providing a seamless transition for the next owner.Ideally located just a short walk from the sugar-white beaches, dining, shopping, festivals, and popular Gulf Shores attractions, the property also features deeded beach access and a 27-foot Gulf-facing deck perfect for enjoying coastal views and breezes.Major improvements have already been completed, including a Fortified Roof (2022), upstairs HVAC (2018), downstairs HVAC (2024), and a new grinder pump (2024), offering peace of mind for years to come.Projected annual gross rental income is approximately $76, 391.99, with a projected net operating income of $71, 671.31, making this an outstanding opportunity for buyers seeking a strong-performing coastal property.Seller is offering closing cost assistance or a 2/1 interest rate buydown with an acceptable offer, creating additional value for qualified buyers.Properties with NO HOA, deeded beach access, flexible zoning, strong income potential, and a prime Gulf Shores location are rarely available at this price point.Buyer to verify all information during due diligence. Buyer to verify all information during due diligence.
MLS® Number390598
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1952
Basement
DrivewaySingle Carport
Garage Spaces
HeatElectric
A/CHeat Pump

Extras

Price History

Jul 27, 2026End Date
Not Sold YetSold Price

For Sale

Apr 8, 2026List Date
$699,000List Price
  • Commute

Commute

Starting Address
Destination Address
351 E 2Nd Ave, Gulf Shores, AL

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