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29575769
29575772

0 Waterway West Boulevard, Gulf Shores, AL 36542 For Sale

MT
AL 122221, FL SL3507872
eXp Realty LLC
Listed by eXp Realty LLC
$10,000,000
164 days on market
Updated 2 days ago

0 Waterway West Boulevard

Details
APN 29387; 345107; 345108; 345116
Property Type Multifamily, Land
Sub Type Residential, Apartment Building (+1)
Units 400
Class A
Acreage 20.000
Zoning R-4
Sale Condition N/A

Four adjoining parcels on Intercoastal Waterways with zoning for 20 doors per acre. Last of its kind

Marketing description

Positioned along the highly sought-after Intracoastal Waterway in Gulf Shores, this exceptional ±20-acre waterfront tract represents a rare and strategic opportunity for developers seeking scale, flexibility, and long-term upside in one of the fastest-growing coastal markets in the Southeast.

The property features approximately 800 feet of direct water frontage, offering premium views, strong rental appeal, and the potential for a best-in-class multifamily or mixed-use waterfront community. Zoned R-4, the site allows for up to 20 units per acre, creating the potential for a large-scale development of up to 400 units, subject to site planning and approvals.

With utilities available at the road, favorable topography, and a significant portion of the land believed to be outside of flood-prone zones, the property offers a streamlined path to development.

Investment highlights

Prime Waterfront Location: Direct frontage on the Intracoastal Waterway with strong demand drivers from both residents and seasonal renters

High-Density Zoning (R-4): Supports up to 20 units per acre, ideal for multifamily, build-to-rent, or resort-style development

Scale & Efficiency: ±20 acres allows for institutional-quality project design and economies of scale

Strong Market Fundamentals: Located in Gulf Shores, a high-growth coastal market with increasing rental demand and limited large-scale waterfront development sites

Infrastructure Ready: Utilities accessible at the road, reducing initial development hurdles

Competitive Advantage: Large contiguous waterfront parcels with this zoning and density are extremely limited in today’s market

This is a one-of-a-kind opportunity to deliver a marquee waterfront development in a market experiencing sustained population growth, tourism expansion, and increasing demand for high-quality housing options

Listing Contacts

MT
AL 122221, FL SL3507872
eXp Realty LLC
Listed by eXp Realty LLC

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Additional Information

Name
Marco Toledo
License
122221
Brokerage
eXp realty LLC
Brokerage Phone
7866237328
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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