3 months on rocket

116 W 5th Ave Unit A, Gulf Shores, AL, 36542

$724,900

Home List Price

$8,608*

Closing Credit

5 Bedrooms
5 Full Baths, 1 Partial
3,700 SqFt
$196/SqFt
Multi
Schools Nearby

Location

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116 W 5th Ave Unit A, Gulf Shores$724,900

Buyer Closing Credits

$8,608*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingAttached, Double Garage
Attached GarageYes
Year Built2006
HeatingElectric
WaterfrontCanal, Other
ViewOther, Canal
MLS #357056
Lot Size0.20 Acres
StatusActive

About 116 W 5th Ave Unit A

Experience the epitome of luxury living in this expansive 3,700SF waterfront home nestled in an area designated for full-time residence, ensuring tranquility and exclusivity, allowing 6+ month rentals only. This property is conveniently located on a serene, dead-end strip (practically an island on the island with almost no traffic) just a short, 3-min walk or boat ride from the beach/heart of Gulf Shores; enjoy access directly from your boat dock to Little Lagoon and even to the Gulf of Mexico. This spectacular, 5BED/5.5BA property is undoubtedly a treasure loaded with many wonderful features including no HOA Fees, an elevator, a private pool & boat dock, 4 covered balconies w/ beautiful canal views, all kitchen appliances (& kitchenette), 2 fireplaces, stunning light fixtures, ample storage space, beautiful LVP flooring throughout, oversized 2-car garage (could potentially fit more), and much more! This property has also seen some meticulous landscaping/exterior updates in 2022 including new stair railing and paint job (new petrified wood/statues are negotiable). The kitchen, dining/living space, first en-suite bedroom w/ 2 walk-in closets, and access to 2 covered balconies (north and south facing) make up the main floor; the rear balcony has access down to the fenced-in pool yard/seating area and boat dock w/ outdoor shower! The second floor holds two sizeable, en-suite bedrooms (one w/ access to covered balcony) and the laundry room. The top floor is entirely made up of the primary suite along with the last bedroom. Admire the massive primary bedroom w/ 3 walk-in closets and access to 4th covered balcony. Down the hall, the remainder of the floor holds a kitchenette, the last bedroom w/ fireplace, and beautiful primary bath. Don't miss out on this spacious hidden gem. Motto Mortgage Gulf Coast offering a free appraisal credit at closing!

Property Details

Property Features

Property Information:

  • Year Built: 2006
  • Living Area: 3,700 SqFt

Listing Office:

  • Office Name: RE/MAX of Gulf Shores
  • Office Phone: (251) 948-2400
  • Listing Agent: The Kevin Corcoran Team

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator, Ice Maker, Wine Cooler, Cooktop
  • Flooring Type: Vinyl
  • Interior: Ceiling Fan(s), Elevator, En-Suite, High Ceilings, Storage

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Canal, Other
  • View: Other, Canal
  • Exterior: Porch/Covered, Patio, Boat Dock

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached, Double Garage

Virtual/3D Tour

  • 3D Tour: 116 W 5th Ave Unit A

3D Tour

Lot Features

Lot Information:

  • Lot: Few Trees, Waterfront
  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Electric

School Info

Assigned Schools Information:

  • Gulf Shores High School, Public District Grades 9-12
  • Gulf Shores Middle School, Public District Grades 7-8
  • Gulf Shores Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: Heading South on 59, take a right on to W 5th Ave just past Papa Rocco's. The large, blue Duplex will be on the right!

Price Information

Listing Price Info

Price Summary:

  • List Price: $724,900
  • Price Per SqFt: $196/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Annually
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Housing Market Comparison

See how this home compares to others in Gulf Shores, AL.

Med. Sold Price

$443.1K

Med. Price/SqFt

$310

Avg. Days On Market

53

# of Sold Homes

113

116 W 5th Ave Unit A vs Gulf Shores

94 DAYS ON ROCKET

+41 Days

$724,900

+$281.7K More

$196/SqFt

-$114 Less

KEY TAKEAWAY

This property is $281.7K more than the Median Sold Price and $114/SqFt less than other homes in Gulf Shores, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Baldwin County
  • MLS Number: #357056

Listing Office:

  • Office Name: RE/MAX of Gulf Shores
  • Office Phone: (251) 948-2400
  • Listing Agent: The Kevin Corcoran Team

IDX Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2024, 5:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,685

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,240

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6343872
8
/10
  • Gulf Shores Elementary School

  • 1600 E 3rd St

  • 1.35 miles

  • Public District Grades PK-6

Middle School

school-card-donut-6343873
10
/10
  • Gulf Shores Middle School

  • 450 E 15th Ave

  • 1.34 miles

  • Public District Grades 7-8

High School

school-card-donut-6343874
2
/10
  • Gulf Shores High School

  • 600 East 15th Ave

  • 1.46 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,303. Typical income of Gulf Shores, AL residents is between $35k-100k annually. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket Homes›Alabama›Baldwin County›Gulf Shores›36542›116 W 5th Ave Unit A

This home is located at 116 W 5th Ave Unit A in Gulf Shores, AL and zip code 36542. This 3,700 square foot home, which was built in 2006, sits on a 0.20 acre lot. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since January 31, 2024 and is currently priced at $724,900.

Over 3 listings were sold over their listed price in April 2024 in Gulf Shores, AL. In the same period over 86 listings were sold below the listed price and 11 listings were sold for the listed price. The number of homes for sale in Gulf Shores, AL increased by 7.1% between March 2024 and April 2024. While the average time on the market in April 2024 was 53 days, the median list price was $443,153.

From Rocket Homes Real Estate and based on county public records data.

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