Commercial > Multi-family / Apartments
Active
08/08/2025
List Price
$1,975,000
500 Lemoyne Dr
Dauphin Island, AL 36528
- 4Beds
- 4Baths
- 3,200ft²Living Area
- 0.4acLot Size
- -Pool
- 8Car
- 2023Year Built
- 126DOM
- -Permit
500 Lemoyne Dr, Dauphin Island, AL 36528 is a 4 bed, 4 bath, 3,200 ft² multi-family/apartments property built in 2023 on a 0.363 acre lot. This multi-family/apartments is currently on the market for $1,975,000, and it was last sold in 2021.
MLS Description
The listing agent's description. Original Listing
Investor-Ready Bayfront 4-Plex on Indian Bay --- Fully Permitted for Vacation Rentals -- Comes Immaculately Furnished and Operational
An exceptional, income-producing opportunity awaits on Indian Bay at Dauphin Island! This turnkey Bayfront 4-Plex offers immediate revenue potential with vacation rental permits already in place and zoning for Commercial or Resort use, making it ideal for short-term rentals, a private retreat, or even future redevelopment.
Positioned on a prime waterfront lot, this Gold Fortified (built to Gold Fortified Residential Standards) property includes four thoughtfully designed units, each offering spacious, stylish interiors with high-end finishes and furnishings:
3 Units feature:
* King bedroom suite + twin bunk alcove + sleeper sofa (sleeps 6)
* All La-Z-Boy furnishings and luxury mattresses
* Gourmet kitchens with GE professional stainless gas ranges, microwaves, full-size refrigerators, and dishwashers
* Open-concept living areas with kitchen islands and waterfront views
* Impact resistant Doors and Windows with Storm Protective Mesh Covers
* 4th Unit currently functions as a professional office but can easily convert into a fully equipped vacation unit.
* Convenient Front and Back Stairs for easy access, with both back and front porches for each unit
Bonus Features Include:
* Stunning upper units with white-washed tongue-and-groove vaulted ceilings and glass doors opening to panoramic bay views
* Individually metered power and water for all units (future condo conversion potential)
* Fully irrigated, professionally landscaped grounds with separate irrigation meter
* Covered outdoor kitchen and dining area for guest entertaining
* Bayfront dock with fish cleaning station, water, and power--ideal for boating and fishing enthusiasts
* Ample on-site parking for 15+ vehicles, plus secure kayak storage
* Gold Fortified construction (to residential standards) with impact-rated windows/doors
* Cargo lift for convenience
* Large enclosed storage room for equipment or owners use
Whether you're seeking potential passive rental income, a boutique resort concept, or a private multi-unit island escape, this property delivers flexibility, durability, and prime location on the island's desirable bayfront.
All the groundwork has been laid---utilities, permits, zoning, and infrastructure. This is a one-of-a-kind investment you can step into and start earning from Day One. Schedule your private showing and see how this property can elevate your portfolio.
Seller is licensed Realtor in State of Alabama
Listing Agents
The listing agent for 500 Lemoyne Dr is Leslie Davis.
LD
Leslie Davis
Keller Williams Mobile
Phone: (251) 662-5660
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2024$8,201.55From latest Total Assessed Value5.35%Total Assessed Value$153,300=Land+
Assessed Value$30,660Additions
Assessed Value$122,640
In 2024, taxes billed for 500 Lemoyne Dr were $8,201.55, which is 5.35% from latest Total Assessed Value of $153,300.
Property History
500 Lemoyne Dr has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 500 Lemoyne Dr
Hazard Risks
Hurricane396Weather235Wind104Nat'l Avg100Carb Mono96Particulates86Ozone83Air Pollution83Tornado74Hail65Lead39Earthquake25
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 500 Lemoyne Dr.
Walkability Index
8 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
500 Lemoyne Dr has a walkability score of 8 out of 20, which means that it is in a car dependent area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
45°F
High
61°F
Summer
Average
Low
75°F
High
88°F
In the winter at 500 Lemoyne Dr, temperatures range from 44.96°F to 60.5°F with an average of 52.73°F. In the summer, the temperature ranges from 74.63°F to 88.02°F with and average of 81.33°F.
School Information
Public/private schools serving 500 Lemoyne Dr
Public Schools
Alba Middle School
Grades: 6-8
12.49 mi
C+
Dauphin Island Elementary School
Grades: KG-5
1.01 mi
Bryant High School
Grades: 9-12
16.19 mi
D
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 500 Lemoyne Dr have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in 36528.
Seasonal Housing units 36528
88%of housing is for seasonal rent.
Daytime Population for 36528
-11%of people during work hours.
Crime Index for 36528
196
196
The crime index in 36528 is 196, which is 2.0 times higher than national average.
Market Trends
Historical market data near 500 Lemoyne Dr over selected time period.
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