205 W 3rd Street, Gulf Shores, AL - Pearce & Associates
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205 W 3rd Street, Gulf Shores, AL
205 W 3rd Street, Gulf Shores, AL
205 W 3rd Street, Gulf Shores, AL
205 W 3rd Street, Gulf Shores, AL
205 W 3rd Street, Gulf Shores, AL
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205 W 3rd Street, Gulf Shores, AL

205 W 3rd Street, Gulf Shores, AL

Lot Number:10
Connecting
...
Start Time:12/2/2024 6:00:00 PM
End Time:1/14/2025 7:00:00 PM
Bid Count:0
Current High Bidder:
Starting Bid:$1.00
Bid Increment:$1.00
Current Bid:$1.00
a
Bed:3
Bath:2

Welcome to 205 W 3rd Street, Gulf Shores, AL 

Located on 1.5 lots! 

Parcel ID 05-66-04-20-2-000-202.000

This incredible legacy property originally built in 1956 and renovated in 1973

3 Bedrooms, 2 bathroom home selling furnished with following caveats: 2 Mahogany bedroom suites, Statuary at pool, table/benches at pool, butterfly artwork at pool, brass lamp in bedroom and toys throughout home do not remain - otherwise sells furnished!

Gas Water heater on demand on outside of home - one inside as well but not hooked up

Electric appliances

Gravity flow sewer

Gulf Shores Utility water & sewer

RV hook up and outdoor shower

Hurricane shutters on 3 sides

Projected rental income is $99,000.00 annually! 

INCREDIBLE Gunite commercial in ground heated pool with spa! 

  • Spectacular pool/spa - heated
  • has drain for groundwater around the pool before pool is drained 
  • Butterfly art, statuary, table/benches do not remain

Across 2nd Avenue is a legacy lot, historically maintained by the owner of 205 W 3rd street and has provided water access to Stanton Creek and beyond - this lot is owned by the State of Alabama and access is not deeded. 

This property has had 2 owners since its original construction 

Selling subject to Seller Confirmation and Acceptance of high bid. 

There are no bids for the lot at this time

No donations for this lot

Gulf Shores Real Estate Opportunity - (2) Residential Properties - Buy One or Buy Both!

(2) incredible properties next door to each other just blocks from the beach.  Investment potential, rental income, and/or Family Compound.  

Being sold furnished with a few exceptions - click on each house's lot information for full details on each property.   

Lot 10 is 205 W 3rd Street

Lot 11 is 409 W 2nd Avenue

Lot 12 is buying both in combination

Properties are being sold individually with the opportunity to buy both together!  

Selling Subject to Seller's Confirmation & Acceptance of High Bid 

Open House/Inspection: To be scheduled 

Please download the "Protect Your Family From Lead in Your Home" brochure - by registering for this sale you are acknowledging receipt of this important pdf file in the "Documents" section of this Auction! 

Terms



REAL ESTATE AUCTION



These announcements supersede any prior oral or printed statements and will be attached to and become a part of the contract.





Winning bidder must sign a non-contingent contract and pay earnest money within 24 hours of auctions end.



The property will be sold by legal description and transferred by warranty deed.



A 10% buyer’s premium will be added to the winning bid to determine the final sales

price.



The terms are 10% down payment with the balance due within 45 days. 



Purchaser to receive possession of the property upon delivery of deed at closing.



Purchaser to pay closing cost and title insurance. Seller guarantees

title to be free and clear.



Ad Valorem taxes will be prorated at closing.



PROPERTY SOLD SUBJECT TO THE FOLLOWING: All outstanding easements of any kind on said property, including but not limited to, roads, right of ways, utilities, water lines, and the like; any mineral, oil and past conveyances, leases or reservations; to any cemeteries that might exist on the property, outstanding leases recorded or unrecorded; zoning ordinances affecting the property; restrictions of record; wet lands; all rules and regulations of any appropriated authority having jurisdiction over the property, and any recorded encroachments of record.



BUYERS NOTE: Prior to the auction all prospective purchases should examine the property and all surrounding documents carefully as each bidder is responsible for evaluating the property and shall not rely on the sellers nor the auctioneers. Sellers and Auctioneers are assuming that the bidders have inspected the property and are satisfied and accept it “As

Is” without warranties expressed or implied. Personal on-site inspection of the property is recommended. Failure of any bidder to inspect or to be fully informed as to the condition of all or any portion of the property offered, will not constitute any grounds for any claim or demand for adjustment or withdrawal of a bid, offer or earnest money after its opening

or tender.



All information was obtained from sources deemed reliable. Although every precaution has been taken to ensure accuracy, the sellers and all of their agents will not be responsible for any errors or omissions herein.



Default by the Seller: If the Sellers are unable to make conveyance and to give title as herein agreed, the earnest money shall be refunded to the buyer and all obligations of either party shall wholly cease.



Default by the Buyer: Should the Buyer default in the performance of his/her contract in the time and the manner specified, then the earnest money shall be retained as partial liquidated damages and the seller may sue for specific performance.





The Auctioneer reserves the right to reject bids from anyone who does not comply

with the terms and conditions of this auction.


AGENCY DISCLOSURE: Larry “Chip” Pearce Jr. (Broker) and Damon Folmar (Agent)  have not been an agent for the Buyer in this transaction. Larry “Chip” Pearce Jr. and Damon Folmar have been an agent for the Seller in this transaction.
2nd house: 409 W 2nd Ave
Gulf Shores, Alabama 36542
United States
Auction Documents:
lead-in-your-home-portrait-bw-2020-508.pdf
1.4 MB
Inspections to be scheduled - check back for updates!