Rare investment opportunity in the heart of Gulf Shores! Located at 115 E 21st Avenue, this property offers tremendous potential for investors, builders, and buyers looking for a renovation project in one of the fastest-growing areas along Alabama’s Gulf Coast.The existing home is a true fixer-upper and is being offered as-is, presenting an excellent opportunity for a complete renovation, rental investment, or redevelopment project. What truly sets this property apart is its highly desirable R-4 zoning, a high-density residential classification intended for multi-family development. Gulf Shores’ R-4 district is designed to accommodate higher-density residential uses, creating exceptional redevelopment potential for investors seeking to maximize the property’s value. Buyer to verify all permitted uses, density requirements, and development regulations with the City of Gulf Shores. Positioned just minutes from Gulf Shores’ beautiful white-sand beaches, public beach access, restaurants, shopping, entertainment, schools, and the rapidly growing Waterway Village district, this location continues to benefit from strong demand for both long-term and short-term housing opportunities. The property’s central location provides convenient access to Highway 59, Gulf State Park, local marinas, and all that Gulf Shores has to offer.Whether you’re looking to restore the existing structure, add to your investment portfolio, or explore redevelopment possibilities, opportunities like this are becoming increasingly difficult to find in Gulf Shores. Bring your vision and unlock the full potential of this prime in-town property.Property sold as-is. Buyer to verify all information, zoning, dimensions, and development possibilities during due diligence. Buyer to verify all information during due diligence.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Source: Baldwin Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.