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692 Gulf Way Dr, Gulf Shores, AL, 36542

$800,000

Home List Price

$9,500*

Closing Credit

4 Bedrooms
4 Full Baths
1,783 SqFt
$449/SqFt
House

Location

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692 Gulf Way Dr, Gulf Shores$800,000

Buyer Closing Credits

$9,500*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Parking2 Car Carport, Covered
Year Built1995
HeatingMulti Units, Central
CoolingMulti Unit(s), Central Air, Ceiling Fan(s)
MLS #653135
Lot Size0.46 Acres
StatusActive

About 692 Gulf Way Dr

The perfect coastal retreat! Located just a short walk or golf cart ride from neighborhood private beach access, this beautiful offers both convenience and relaxation. Upstairs, youll find three spacious bedrooms with their own bathrooms and a screened porch overlooking the private pool. Downstairs, a fully equipped studio apartment with its own kitchen, bed, and bathroom provides extra space. This home is currently used as a short-term rental and grossed $71,000 in its first year on the rental market (2023), receiving amazing reviews from happy guests. Home is being sold fully furnished and sleeps 16. Golf carts allowed. Dog friendly beach. Whether youre looking for a personal getaway or a smart investment, this beach house offers it all! Buyer to verify all information during due diligence.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1995
  • Stories: 1
  • Living Area: 1,783 SqFt

Listing Office:

  • Office Name: Waters Edge Realty
  • Office Phone: (251) 215-1783
  • Listing Agent: Chasity Chadwick

Interior Features

Interior Information:

  • Appliances: Electric Water Heater
  • Flooring Type: Tile, Simulated Wood
  • Interior: Guest Room/In Law Suite

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: 2 Car Carport, Covered

Lot Features

Lot Information:

  • Lot Size: 0.46 Acres

Utilities

Utilities Information:

  • Heating: Multi Units, Central
  • Cooling: Multi Unit(s), Central Air, Ceiling Fan(s)

Other

Directions Information:

  • Directions: Take Hwy. 180 West to Surfside Shores Dr. on the left. Turn left onto Palmetto Dr. Go to the end then turn right and it is fifth house on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $800,000
  • Price Per SqFt: $449/SqFt

HOA Fees:

  • Amount: $200
  • Frequency: Annually

Tax Information:

  • Annual Amount: $927
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Gulf Shores, AL.

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Gulf Shores, AL

City

Med. Sold Price

$473.1K

Med. Price/SqFt

$310

Avg. Days On Market

3

# of Sold Homes

77

692 Gulf Way Dr vs Gulf Shores

49 DAYS ON ROCKET

+46 Days

$800,000

+$326.8K More

$449/SqFt

+$138 More

KEY TAKEAWAY

This property is $326.8K more than the Median Sold Price and $138/SqFt more than other homes in Gulf Shores, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Pensacola MLS
  • MLS Number: #653135

Listing Office:

  • Office Name: Waters Edge Realty
  • Office Phone: (251) 215-1783
  • Listing Agent: Chasity Chadwick

Copyright © 2024 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/18/2024, 11:55:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 17, 2020Home Sold
$495,000
Apr 11, 2017Home Sold
$265,000
May 20, 2009Home Sold
$120,500

Tax History

YEARPROP. TAXASSESSMENT
2020$927$34,720
2019$825$31,100
2018$675$25,720
2017$724$21,000

History based on county public records data.

Payment Calculator

$4,076

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,465

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-873479
5
/10

  • Swift Elementary School

  • 6330 Bon Secour Hwy

  • 11.79 miles

  • Public District Grades KG-6

school-card-donut-873480
9
/10

  • Gulf Shores Elementary School

  • 1600 E 3rd St

  • 13.43 miles

  • Public District Grades PK-5

school-card-donut-873481
10
/10

  • Dauphin Island Elementary School

  • 1501 Bienville Blvd

  • 13.44 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,056. Residents of Gulf Shores, AL typically earn between $35k-100k each year. Most families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Gulf Shores, AL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Gulf Shores, AL.

Gulf Shores offers a diverse array of housing options, with a significant portion of the market dedicated to single-family homes that exhibit a blend of coastal cottage, Mediterranean, and contemporary architectural styles. Condominiums and townhouses are also prevalent, particularly in areas closer to the beach, catering to those seeking a vacation home or investment property. The housing market is dynamic, with new developments and renovations reflecting the area's growth as a desirable coastal destination.

What is it like to live in Gulf Shores, AL?

Gulf Shores is celebrated for its laid-back beach town atmosphere and strong sense of community. The area prides itself on its pristine white sandy beaches and outdoor recreational activities, including the annual Shrimp Festival, which draws visitors and locals alike. The community is also known for its commitment to preserving natural habitats, with several wildlife reserves and state parks that offer a tranquil escape from the more developed areas.

Is it easy to get around Gulf Shores, AL without a car?

The community is served by a number of public schools, offering educational opportunities from elementary to high school levels, as well as private institutions that cater to various educational needs. Healthcare services are accessible, with facilities providing urgent care, primary care, and specialized medical services. The local library system supports lifelong learning with a range of programs and resources. Retail and dining options are abundant, with many establishments showcasing local seafood and southern cuisine, reflecting the Gulf Shores culture.

Transportation in Gulf Shores, AL.

Transportation in Gulf Shores includes a mix of private and public options. The Baldwin Regional Area Transit System (BRATS) provides public bus services catering to residents and tourists, with schedules that accommodate peak beach-going times. Ride-sharing services are available, enhancing mobility for those without personal vehicles. The area is bike-friendly, with several trails and dedicated lanes. Major roadways such as State Highway 59 and the Beach Express facilitate travel and commuting, with ongoing improvements to manage the growing traffic demands.

Frequently Asked Questions About 692 Gulf Way Dr

What is the listing price of this property?

The listing price of 692 Gulf Way Dr property is $800,000.

What type of property is this?

The property 692 Gulf Way Dr is a house located in Gulf Shores, Alabama, 36542.

Is this property for sale now?

Active Listing: 692 Gulf Way Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $927 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 17, 2020 for $495,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 692 Gulf Way Dr has 4 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 692 Gulf Way Dr is 1,783 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 692 Gulf Way Dr is 1995.

Rocket Homes›Alabama›Baldwin County›Gulf Shores›36542›692 Gulf Way Dr

This home is located at 692 Gulf Way Dr in Gulf Shores, AL and zip code 36542. This 1,783 square foot home, which was built in 1995, sits on a 0.46 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $800,000.

In October 2024 more than 2 listings in Gulf Shores, AL were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 59 were sold below. The number of homes for sale in Gulf Shores, AL increased by 9.9% between September 2024 and October 2024. In October 2024 median list price was $473,151 and the average listing age was 3 days.

From Rocket Homes Real Estate and based on county public records data.

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