Ad #6501538
MLS #7629541
Investor-Ready Bayfront 4-Plex on Indian Bay --- Fully Permitted
500 Lemoyne Dr, Dauphin Island, AL 36528
$1,800,000
4Beds
4Baths
3,200Sqft
0.36Acres
About this property
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
Property Features
4 Beds
4 Baths
3,200 Sqft
Built in 2023
0.36 Acres
2 Stories
Isle Dauphine Club Golf Course
On Golf Course
Covered, Parking Lot, Carport, Driveway
Siding: Cement Siding, HardiPlank Type
Metal Roof
Electric (Heating), Central
$8,202 / yr property tax
Mobile County
Indian Bay Community
Additional Photos
Contact Information
Leslie Davis
Keller Williams Realty Mobile
251-232-9999
Location
Listing Agent: Leslie Davis 251-232-9999
Broker: Keller Williams Realty Mobile 251-662-5660 Listing Site
Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Keller Williams Realty Mobile 251-662-5660 Listing Site
Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
GolfHomes.com
Printed Aug 12, 2026
Photo Gallery
$1,800,000
4
Beds
4
Baths
3,200
Sqft
500 Lemoyne Dr, Dauphin Island, AL 36528
By contacting this agent you agree to these Terms and Conditions.
MLS# 7629541
Investor-Ready Bayfront 4-Plex on Indian Bay --- Fully Permitted
$1,800,000
500 Lemoyne Dr, Dauphin Island, AL 36528
4
Beds
4
Baths
3,200
Sqft
0.36
Acres
$1,800,000
500 Lemoyne Dr, Dauphin Island, AL 36528
4 Beds
4 Baths
3,200 Sqft
0.36 Acres
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
368 days
on GolfHomes.com
84
views
0
saves
Property Details
HOME DETAILS
4 Beds
4 Baths
3,200 Sqft
Built in 2023
0.36 Acres
2 Stories
GOLF COURSE & VIEW
Isle Dauphine Club Golf Course
On Golf Course
EXTERIOR
Covered, Parking Lot, Carport, Driveway
Siding: Cement Siding, HardiPlank Type
Metal Roof
INTERIOR
Electric (Heating), Central
FINANCIAL & COMMUNITY
$8,202 / yr property tax
Mobile County
Indian Bay Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
6501538
Viewed
84 times
Listing Status
Active
Added
Aug 08, 2025
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Mobile Area Association of REALTORS®
Source Property ID
7629541
Listing Agent: Leslie Davis 251-232-9999
Broker: Keller Williams Realty Mobile 251-662-5660 Listing Site
Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Keller Williams Realty Mobile 251-662-5660 Listing Site
Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Request Information
Start advertising today
Explore options for real estate agents and homeowners advertising on GolfHomes.com
Sell Your Home
Explore Similar Properties
