This 17.8-acre R3-zoned parcel in Foley, Alabama presents a highly versatile investment opportunity, primed for either its original 200-unit multifamily design, a senior living development, or a commercial/residential mixed-use project aligned with the city’s new comprehensive plan. The inclusion of complete due diligence materials-including architectural drawings, surveys, Geotech reports, wetland permits, and a traffic study – significantly reduces development lead time and upfront costs. There are two existing, occupied rental houses providing cash flow. Positioned “in the heart of Foley,” this site sits within a rapidly expanding economic hub. It benefits from proximity to major South Baldwin County drivers, including the Tanger Outlets Foley, the OWA Parks & Resort entertainment district, and a large medical infrastructure. It also serves as a key residential feeder for the coastal tourism economies of Gulf Shores and Orange Beach. Sellers are Licensed Real Estate Agents in Alabama. Buyer to verify all information during due diligence.
Active
$2,995,000
212 E Michigan Ave, Foley, AL 36535
0beds
0baths
17.8Acres
Unimproved Land, Land
Built in ----
17.8 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 12 days
- 28
- 2
Zillow last checked:
Listing updated:
Listed by:
Austin Hynson 251-604-0327,
Coastal Real Estate and Invest
Source: GCMLS,MLS#: 7844049
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Video & virtual tour
Property
Features
- Fencing: None
- Has view: Yes
- View description: City
- Waterfront features: None
Lot
- Size: 17.8 Acres
- Dimensions: 630 x 1233
Details
- Additional structures: Residence
- Additional parcels included: 5408333000018.002,5408333000018.012,5408333000017.000,5408333000018.000
- Parcel number: 5408333000018002
- Zoning: R3
- Special conditions: Owner/Agent
Utilities & green energy
- Utilities for property: Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Features: None
- Subdivision: Metes & Bounds
Location
- Region: Foley
Financial & listing details
- Tax assessed value: $256,900
- Annual tax amount: $6,436
- Date on market: 9/23/2026
- Electric utility on property: Yes
- Road surface type: None
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/24/2026 | Listed for sale | $2,995,000+1147.9% |
Source:  Baldwin Realtors #411124 Report a problem | ||
| 11/6/2024 | Sold | $240,000-26.2% |
Source: Public Record Report a problem | ||
| 8/31/2008 | Listing removed | $325,000 |
Source: NCI Report a problem | ||
| 8/11/2008 | Listed for sale | $325,000 |
Source: NCI Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $804 +2.3% | $25,720 +2.1% |
| 2024 | $786 +19.1% | $25,180 +17.9% |
| 2023 | $660 | $21,360 +9.9% |
| 2022 | -- | $19,440 +23.2% |
| 2021 | $476 +5.7% | $15,780 +5.2% |
| 2020 | $450 | $15,000 +6.4% |
| 2019 | -- | $14,100 +11.6% |
| 2018 | -- | $12,640 +24.2% |
| 2017 | -- | $10,180 -18.6% |
| 2016 | -- | $12,500 +4.3% |
| 2015 | -- | $11,980 |
| 2014 | -- | $11,980 |
| 2013 | -- | $11,980 +26.1% |
| 2011 | -- | $9,500 -3.1% |
| 2010 | -- | $9,800 -23.1% |
| 2009 | -- | $12,740 |
| 2008 | -- | $12,740 +2.6% |
| 2007 | -- | $12,420 +22% |
| 2006 | $251 +10.8% | $10,180 +9.9% |
| 2005 | $226 +6.5% | $9,260 +5.9% |
| 2004 | $213 | $8,740 |
| 2003 | $213 +17.2% | $8,740 +15.6% |
| 2002 | $181 +1.6% | $7,560 |
| 2001 | $179 | $7,560 |
| 2000 | $179 | $7,560 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 36535
Nearby schools
Schools provided by the listing agent
- Elementary: Foley
- Middle: Foley
- High: Foley
Source: GCMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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