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500 Lemoyne Drive

Dauphin Island, AL 36528
  • $1,800,000
  • STATUS: Active
  • ON SITE: 254 Days
  • MLS #: 7629541
UPDATED: 22 min ago
$1,800,000
  • 4
    BEDS
  • 0.36
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 4,067
    SQFT
  • $443
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2023
County:

School Information

Elementary School:
Middle School:
High School:

Description

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

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© 2026 Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided is deemed reliable but is not guaranteed or warranted and should be independently verified. The data relating to real estate for sale on this web site comes in part from the IDX/RETS Program of the Gulf Coast Multiple Listing Service, Inc. IDX/RETS real estate listings displayed which are held by other brokerage firms contain the name of the listing firm. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-04-20T23:44:55.313.

Waters Edge Realty
www.watersedgerealty.org/homes/166737112
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500 Lemoyne Drive Dauphin Island, AL 36528

  • Price: $1,800,000
  • Status: Active
  • On Site: 254 Days
  • Updated: 22 min ago
  • MLS #: 7629541
4
Beds
4
Baths
0
½ Baths
0.36
Acres
4,067
SQFT
$443
$/SQFT
2023
Built
Neighborhood:
Indian Bay
County:
Mobile - Al
Elementary School:
Dauphin Island
Middle School:
Peter F Alba
High School:
Alma Bryant
Property Description
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
Exterior Features

Architectural Style Beach HouseMid-Rise (up to 5 stories) Carport Spaces 8 Carport YN Yes Construction Materials Cement SidingHardiPlank Type Dock BulkheadDeepwater AccessDockDouble SlipPier Exterior Features BalconyPrivate EntrancePrivate YardStorage Fencing Back YardFencedFront YardVinyl Foundation Details Pillar/Post/PierRaised Frontage Length Water Frontage (40) Levels Two Lot Features Flood PlainLandscapedLevelSprinklers In FrontSprinklers In Rear Other Structures Shed(s) Parking Features AttachedCarportCoveredDrive Under Main LevelDrivewayLevel DrivewayParking Lot Patio And Porch Features BreezewayCoveredDeckFront PorchPatioRear PorchWrap Around Pool Features None Road Frontage Type City Street Road Surface Type Asphalt Roof Metal Topography Level View BayWater View YN Yes Waterfront Features Bay AccessBay Front Waterfront YN Yes

Interior Features

Appliances DishwasherDisposalDryerENERGY STAR Qualified AppliancesENERGY STAR Qualified Water HeaterGas RangeMicrowaveRange HoodRefrigeratorWasher Basement None Cooling Ceiling Fan(s)Central AirElectric Cooling YN Yes Dining Room Features Great Room Fireplace Features None Fireplace YN No Flooring Laminate Heating CentralElectric Heating YN Yes Interior Features Cathedral Ceiling(s)Crown MoldingEntrance FoyerHigh Ceilings 9 ft LowerHigh Ceilings 9 ft MainHigh Ceilings 9 ft UpperHigh Speed InternetWalk-In Closet(s) Kitchen Features Breakfast BarCabinets OtherCabinets WhiteKitchen IslandSolid Surface CountersView to Family Room Master Bathroom Features Shower Only Master Bedroom Level Main Rooms Total 0 Spa Features None Spa YN No Window Features Double Pane WindowsENERGY STAR Qualified WindowsInsulated Windows

Property Features

Accessibility Features None Assessment Due Contemplated YN No Association Rent Restrictions YN No Community Features Airport/RunwayBeach AccessBoatingFishingGolfNear SchoolsNear Trails/GreenwayParkRestaurantRV / Boat StorageSidewalksTennis Court(s) FHACondo Approval YN Yes Green Energy Efficient Appliances Land Lease YN No Mls Property Type Residential Detached Occupant Type Tenant Property Sub Type Single Family Residence Sewer Public Sewer Special Circumstances Owner/Agent Tax Annual Amount 8202 Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Water Source Public

Listing provided by Leslie Davis of Keller Williams Mobile: 251-662-5660.


© 2026 Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided is deemed reliable but is not guaranteed or warranted and should be independently verified. The data relating to real estate for sale on this web site comes in part from the IDX/RETS Program of the Gulf Coast Multiple Listing Service, Inc. IDX/RETS real estate listings displayed which are held by other brokerage firms contain the name of the listing firm. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-04-20T23:44:55.313.

Waters Edge Realty
 
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Waters Edge Realty
8 S Bancroft St
Fairhope AL, 36532