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500 Lemoyne Drive, 
Dauphin Island, AL 36528

$1,975,000


4

Beds


4

Baths


4,067

Sq Ft


Single Family

Active

Listed by

Leslie Davis

Keller Williams - Mobile

251-662-5660

Last updated:

August 22, 2025, 08:40 PM

MLS#

384137

Source:

AL BCAR

About This Home

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 for equipment or owners 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 islands desirable bayfront. Buyer to verify all information dur

Home Facts

Single Family

4 Baths

4 Bedrooms

Built in 2023

Price Summary

1,975,000

$485 per Sq. Ft.

MLS #:

384137

Last Updated:

August 22, 2025, 08:40 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

4,067 Sq. Ft.


Structure

Structure

Architectural Style:

Raised Beach

Building Area:

4,067 Sq. Ft.

Year Built:

2023


Finances & Disclosures

Finances

Price:

$1,975,000

Price per Sq. Ft:

$485 per Sq. Ft.

Source:AL BCAR
The information being provided by Baldwin County 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 Baldwin County Association of Realtors All rights reserved.

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