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500 Lemoyne Drive, 
Dauphin Island, AL 36528

$2,250,000


4

Beds


4

Baths


4,067

Sq Ft


Single Family

Active

Listed by

Leslie Davis

Keller Williams Mobile

251-662-5660

Last updated:

August 10, 2025, 10:39 PM

MLS#

7629541

Source:

AL MAAR

About This Home

500 Lemoyne Drive

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

Home Facts

Single Family

4 Baths

4 Bedrooms

Built in 2023

Price Summary

2,250,000

$553 per Sq. Ft.

MLS #:

7629541

Last Updated:

August 10, 2025, 10:39 PM

Added:

5 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

4,067 Sq. Ft.


Structure

Structure

Architectural Style:

Beach House

Building Area:

4,067 Sq. Ft.

Year Built:

2023


Lot

Lot Size (Sq. Ft):

15,816


Finances & Disclosures

Finances

Price:

$2,250,000

Price per Sq. Ft:

$553 per Sq. Ft.

Source:AL MAAR
The information being provided by Mobile Area Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Mobile Area Association of REALTORS All rights reserved.

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