8 months on rocket

515 W 1st Ave, Gulf Shores, AL, 36542

$725,000

Home List Price

$8,609*

Closing Credit

4 Bedrooms
2 Full Baths, 2 Partial
1,920 SqFt
$378/SqFt
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

515 W 1st Ave, Gulf Shores$725,000

Buyer Closing Credits

$8,609*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeDuplex
ParkingDouble Carport
Year Built1994
HeatingElectric
ViewGulf
MLS #351223
Lot Size0.14 Acres
StatusActive

About 515 W 1st Ave

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 and some B side furnishings do not convey.

Property Details

Property Features

Property Information:

  • Year Built: 1994
  • Living Area: 1,920 SqFt

Listing Office:

  • Office Name: Elite Real Estate Solutions, LLC
  • Office Phone: (251) 303-0552
  • Listing Agent: Kimberly Samry

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Flooring Type: Carpet, Tile

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Gulf
  • Exterior: Porch, Porch Front, None

Parking Information:

  • Parking: Double Carport

Lot Features

Lot Information:

  • Lot Size: 0.14 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: Follow AL 59 to Gulf Shores, Turn right onto W. Beach Blvd at the Hangout. Take the third right one W. 3rd, take the first left onto W 1st ave, the home is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $725,000
  • Price Per SqFt: $378/SqFt

Tax Information:

  • Annual Amount: $2,255
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Gulf Shores, AL

City

Med. Sold Price

$443.1K

Med. Price/SqFt

$310

Avg. Days On Market

53

# of Sold Homes

113

515 W 1st Ave vs Gulf Shores

249 DAYS ON ROCKET

+196 Days

$725,000

+$281.8K More

$378/SqFt

+$68 More

KEY TAKEAWAY

This property is $281.8K more than the Median Sold Price and $68/SqFt more 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: #351223

Listing Office:

  • Office Name: Elite Real Estate Solutions, LLC
  • Office Phone: (251) 303-0552
  • Listing Agent: Kimberly Samry

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: 5/8/2024, 6:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,255$68,200
2019$1,894$57,400
2018$1,042$32,840
2017$1,126$32,000

History based on county public records data.

Payment Calculator

$3,686

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-8819874
8
/10

  • Gulf Shores Elementary School

  • 1600 E 3rd St

  • 1.84 miles

  • Public District Grades PK-6

Middle School

school-card-donut-8819875
10
/10

  • Gulf Shores Middle School

  • 450 E 15th Ave

  • 1.83 miles

  • Public District Grades 7-8

High School

school-card-donut-8819876
2
/10

  • Gulf Shores High School

  • 600 East 15th Ave

  • 1.97 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,303. The most common annual income of people living in Gulf Shores, AL is between $35k-100k. Typical family type is married, no kids. Most 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›515 W 1st Ave

This home is located at 515 W 1st Ave in Gulf Shores, AL and zip code 36542. This 1,920 square foot home, which was built in 1994, sits on a 0.14 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 01, 2023 and is currently priced at $725,000.

Gulf Shores, AL housing market in April 2024 saw over 3 listings sold above listed price, more than 11 sold at listed price and over 86 sold below. In April 2024 in Gulf Shores, AL there were 7.1% more homes for sale than in March 2024. In April 2024 median list price was $443,153 and the average listing age was 53 days.

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

More Resources