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351 E 2nd Avenue, Gulf Shores, AL 36542

$699,000
  • 351 E 2nd Avenue, Gulf Shores, AL 36542 Main Photo

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Active Price Reduced $6,000 on July 10th, 2026
BEDS4 BATHS3 full 1 half SQUARE FEET2,044 MLS#390598
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONMcphillips

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.

351 E 2nd Avenue | MLS# 390598

This single family home located at 351 E 2nd Avenue, Gulf Shores, AL 36542 is currently listed for sale with an asking price of $699,000. This property was built in 1952 and has 4 bedrooms and 3 full and 1 partial baths with 2044 sq. ft. E 2nd Avenue is located in the Mcphillips subdivision. Search Mcphillips real estate on annetteoden.gobellator.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Heat Pump, Ceiling Fan(s)
Heating: Electric
Home Style: Raised Beach
Lot Size: 0.14 Acres
Property Type: Raised Beach
Stories: 2.0
Year Built: 1952

Amenities

En-Suite
Internet
Storage

Feature Descriptions

Appliances: Dishwasher, Microwave, Electric Range, Refrigerator w/Ice Maker
Community Features: Water Access-Deeded
Construction Materials: Vinyl Siding, Wood Frame
Days on Site: 176
Exterior: Vinyl
Fencing: Partial
Flooring: Tile, Wood
Foundation: Pilings
Lot: 1-3 acres
Lot Dimensions: 0.14 acre(s)
Utilities: Gulf Shores Utilities

Local Schools

High School: Gulf Shores High
Middle School: Gulf Shores Middle
Elementary School: Gulf Shores Elementary

Listed By / Shown By

Listed By

Agency Name: RE/MAX of Orange Beach
Agency Phone: 251-981-2400

Shown By

Agent Name: Annette Oden
Agent Phone: (251) 554-8623
Agency Title: Bellator Real Estate

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Estimated Payment

$ 3,556.56 per month $3,352.69 Principal & Interest $0.00 Property Tax (data not provided by mls) $203.88 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 07/17/2026. The listing information on this page last changed on 07/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 07/17/2026 12:01:23 AM EST) or Pensacola MLS (last updated Thu 07/16/2026 11:53:15 PM EST) or Baldwin County MLS (last updated Thu 07/16/2026 11:51:17 PM EST) or Gulf Coast MLS (last updated Thu 07/16/2026 11:51:12 PM EST). Real estate listings held by brokerage firms other than Bellator Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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