About 500 Lemoyne Drive
Investor-Ready Bayfront 4-Plex on Indian Bay ? Fully Permitted for Vacation Rentals 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 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 stainless gas ranges, microwaves, full-size refrigerators, and dishwashers* Open-concept living areas with kitchen islands and waterfront views* 4th Unit currently functions as a professional office but can easily convert into a fully equipped vacation 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 Seller is a licensed real estate agent in the State of Alabama. Buyer to verify all information during due diligence.
Features of 500 Lemoyne Drive
| MLS® # | 384137 |
|---|---|
| Price | $1,800,000 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 4,067 |
| Year Built | 2023 |
| Type | Residential |
| Sub-Type | Raised Beach |
| Style | Raised Beach |
| Status | Active |
Community Information
| Address | 500 Lemoyne Drive |
|---|---|
| Area | Mobile County |
| Subdivision | Indian Bay |
| City | Dauphin Island |
| County | Mobile |
| State | AL |
| Zip Code | 36528 |
Amenities
| Amenities | Landscaping, Water Access-Deeded, Playground |
|---|---|
| Utilities | Water Available |
| Parking Spaces | 8 |
| Parking | Covered, Parking Lot |
| View | Marina View |
| Is Waterfront | Yes |
| Waterfront | Bay Access (<=1/4 Mi) |
| Has Pool | No |
Interior
| Interior | Laminate |
|---|---|
| Interior Features | Ceiling Fan(s), High Ceilings |
| Appliances | Dishwasher, Microwave, Gas Range, Refrigerator w/Ice Maker, Washer/Dryer Stacked |
| Heating | Electric |
| Cooling | Central Electric (Cool) |
| Fireplace | No |
| Stories | Two |
| Has Basement | No |
Exterior
| Exterior | Hardboard |
|---|---|
| Lot Description | Waterfront |
| Roof | Metal |
| Construction | Resale |
| Foundation | Pillar/Post/Pier, Pilings |
School Information
| Elementary | Dauphin Island |
|---|---|
| Middle | Peter F Alba |
| High | Alma Bryant |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
Listing Details
| Office | Keller Williams - Mobile |
|---|