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$705,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 351 E 2nd Ave
General
- Price: $705,000
- Status: Active
- Type: Single Family
- Source: Pensacola
- MLS ID: 686923
- Updated: 8/3/2026
- Added to Site: 6 day(s) ago
Interior
- Appliances: Electric Water Heater
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
- Primary Bedroom: 20 x 13, Second Level, 260 Sq. Ft.
- Bedroom 1: 15 x 10, Second Level, 150 Sq. Ft.
- Bedroom 2: 15 x 12, First Level, 180 Sq. Ft.
Other Rooms
- Kitchen: Updated, 15 x 11, First Level, 165 Sq. Ft.
- Dining Room: Living/Dining Combo
Parking
- Carports: Yes
- Total Spaces: 2
- Parking Features: 2 Car Carport
Location
- County: Baldwin
- Subdivision: Mcphillips
- Driving Directions: From Hwy 59 heading South, turn left on E 2nd Ave. Go approximately .4 miles and the home will be on the right.
School Information
- Elementary School: Local School In County
- Middle School: LOCAL SCHOOL IN COUNTY
- High School: Local School In County
Heating & Cooling
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Traditional
- Construction: Frame
- Roof: Metal
- Stories/Levels: 2
- Square Feet: 1,952
- Year Built: 1952
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.14
- Road Maintenance: Public Maintained Road
- Lot Features: Central Access
- Zoning: Res Single
Financial Considerations
- Price Per Sq. Ft.: $361.17
Disclosures and Reports
- Property ID: 6605212000030
Listed by Re/Max Of Orange Beach
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Schools
Schools serving 351 E 2nd Ave
| Name | Grades | Distance |
|---|---|---|
Gulf Shores Elementary School 1600 East 3rd Street, Gulf Shores, AL 36542 | PK-5 | 1.3 mi |
Gulf Shores Middle School 450 East 15th Avenue, Gulf Shores, AL 36542 | 6-8 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 351 E 2nd Ave
Date
Details
Price
Change
Source
8/03/2026
Listed
$705,000
-10.76%
MLS
7/08/2022
Sold
$790,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 351 E 2nd Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,689
7%
$142,100
7%
2024
$4,383
4%
$132,820
4%
2023
$4,233
246%
$128,260
233%
2022
$1,224
56%
$38,460
50%
2021
$786
—
$25,580
-13%
2021
$786
-9%
$29,360
7%
2019
$863
10%
$27,520
9%
2018
$785
5%
$25,160
5%
2017
$747
15%
$24,000
14%
2016
$648
2%
$21,000
2%
2015
$635
-6%
$20,620
-6%
2014
$677
16%
$21,880
15%
2013
$584
—
$19,060
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 351 E 2nd Ave
351 E 2nd Ave, Gulf Shores, AL 36542 (MLS# 686923) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 351 E 2nd Ave is currently listed for $705,000 and was received on August 03, 2026. Want to learn more about 351 E 2nd Ave? Do you have questions about finding other Single Family real estate for sale in Gulf Shores? You can browse all Gulf Shores real estate or contact a Coldwell Banker agent to request more information.

