Island Dunes Resort

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30041198
Property Subtypes: Low-Rise/Garden, Mid-Rise
Status: Pending/Contingent
Number of Units: 12 Units
Building Size (RSF): 8,488 SF
Gross Building Area: See Agent
Sale Price: $1,999,000
Unit Price: $166,583.33 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 6/12/2018

Overview / Comments

Property formerly known as Island Dunes Resort. Currently has 12 existing condos with zoning for 22 additional. Has 13 boat slips on approximately one acre of land.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-65-02-09-0-002-052.001
Property Located Between: Just past HWY 161 on Perdido Beach Blvd on Cotton Bayou
Airports: Jack Edwards Airport
Site Description: See Survey attached
Area Description: Vacation Resort area with water access
Property Condition: Good
Number of Stories: 3
Year Built: 1984
Year Renovated: 2006
Roof Type: Gable
Construction/Siding: Wood Frame, Wood Siding
Exterior Description: See Photos
Parking Ratio: 3.2 (per 1000 SF)
Parking Type: Surface
Parking Description: Underneath units or as determined by developer
Total Parking Spaces: 2
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Interior Description: Each individual unit is different
Zoning Description: RM-1 with possibilities of PUD and GB zoning if requested and approved
Lot Frontage: See Survey
Lot Depth: See Survey
Water Service: Municipal
Easements: Electric Lines, Ingress/Egress
Easements Description: TBD
Land Ownership: Tenants in Common
Legal Description: See Survery on file

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,078 15,064
Median Age: 44.16 42.98
Households: 1,787 6,632


Photograph of Listing Agent

Randy McKinney

Realty Executives Gulf Coast Gulf Coast CMLS Member
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