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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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351 E 2nd Ave , Gulf Shores, AL 36542
$705,000
Est. Payment: $3,578.23/mo
4 Bed
3.5 Bath
1952 Sqft
Status: active | Days on site: 17
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House 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.

Highlights

Listed by Heather Harp , 251-533-6677 RE/MAX OF ORANGE BEACH , 251-981-2400. Pensacola Association of REALTORS®, Inc.

Property Type

Residential

Lot/Acreage
0.14

Year Built

1952

County

Baldwin

Neighborhood

Mcphillips

Listing ID

686923

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:3.5
  • Full Bathrooms:3
  • 1/2 Bathrooms:1
Appliances:Electric Water Heater
Air Cond:Central Air,Ceiling Fan(s)
Fireplaces:
Floor:Tile
Water:Public

Exterior Features

Lot:Central Access
Garage Capacity:2
Zoning:Res Single
Roof:Metal
Others:
  • Additional:Resale
Sewer:Public Sewer
Parking Features:2 Car Carport
Principal Interest
$3,578
Taxes
$449

Home Price

$705,000

Loan Details

30 yrs
6.536%

Down Payment

20%
$141,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,578.23

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,578.23 $449.44 $0.00 $4,027.66
Yearly $42,938.72 $5,393.25 $0.00 $48,331.97
Total $1,288,161.74 $161,797.50 $0.00 $1,449,959.24

Today's Rates

30 Year

6.54%

20 Year

6.33%

15 Year

5.81%

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Market insight data is pulled from the same city as the listing being viewed (Gulf Shores, AL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Pensacola Association of REALTORS®, Inc., and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T07:06:24.000Z

© 2026 Pensacola Association of REALTORS®, Inc.