NEW 19 HRS AGO

For sale

$2,995,000

Est. $19,037/mo —

Land

•

17.80

acres (lot)

212 E Michigan Ave Ave, Foley, AL 36535

About this home

This 17.8-acre R3-zoned parcel in Foley, Alabama presents a highly versatile investment opportunity, primed for either its original 200-unit multifamily design, a senior living development, or a commercial/residential mixed-use project aligned with the city’s new comprehensive plan. The inclusion of complete due diligence materials-including architectural drawings, surveys, Geotech reports, wetland permits, and a traffic study – significantly reduces development lead time and upfront costs. There are two existing, occupied rental houses providing cash flow. Positioned “in the heart of Foley, ” this site sits within a rapidly expanding economic hub. It benefits from proximity to major South Baldwin County drivers, including the Tanger Outlets Foley, the OWA Parks & Resort entertainment district, and a large medical infrastructure. It also serves as a key residential feeder for the coastal tourism economies of Gulf Shores and Orange Beach. Buyer to verify all information during due diligence.

Vacant landProperty Type

17.8 acresLot Size

$168,258Price/Acres

Listed by Austin V Hynson • Coastal Real Estate

Listing updated: Sep 24, 2026 at 01:02pm

Redfin checked: 2 minutes ago

•Source:BCAR #411124

Payment calculator

$19,037 per month

Principal and interest$16,753

Property taxes

$536

HOA dues

Home insurance

$1,747

Utilities

Add

Mortgage resources

See this home in person

Open houses

No upcoming open houses.

Nearby open houses (10)

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3897 Chesterfield Lane Ln, Foley, AL 36535
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15737 Huckleberry Dr, Elberta, AL 36530
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15737 Huckleberry Wood Drive Dr, Elberta, AL 36530
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22880 Lieutenant Ave, Foley, AL 36535
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Around this home

Schools

K - 12
Preschool & daycare

Florence B Mathis Elementary

Public PreK-6 • Assigned • 0.9mi

5/10

Foley Middle School

Public 7-8 • Assigned • 1.2mi

8/10

Foley High School

Public 9-12 • Assigned • 0.8mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

212 E Michigan Ave Ave · $2,995,000

DAYS ON MARKET

The average home goes pending in 73 days.

SALE-TO-LIST

Most homes are selling 3% below list price.

LIST PRICE

Median sale price in this area is $389,761. (87% lower than this home)

PRICE DROP

19% of homes in this area have had a price drop in the past month.

Property details

Exterior
Finance

Exterior features
On waterfront
Property includes additional parcels

Home design
Land parcel zoned for potential commercial or multi-family use

Construction
17.8-acre parcel

Sale and tax history for 212 E Michigan Ave Ave

Sale History
Tax History

Date

Event

Price

GCMLS AL #7844049

Sep 24, 2026

Listed

$2,995,000

This 17.8-acre R3-zoned parcel in Foley, Alabama presents a highly versatile investment opportunity, primed for either its original 200-unit multifamily design, a senior living development, or a commercial/residential mixed-use project aligned with the city’s new comprehensive plan. The inclusion of complete due diligence materials-including architectural drawings, surveys, Geotech reports, wetland permits, and a traffic study – significantly reduces development lead time and upfront costs. There are two existing, occupied rental houses providing cash flow. Positioned “in the heart of Foley,” this site sits within a rapidly expanding economic hub. It benefits from proximity to major South Baldwin County drivers, including the Tanger Outlets Foley, the OWA Parks & Resort entertainment district, and a large medical infrastructure. It also serves as a key residential feeder for the coastal tourism economies of Gulf Shores and Orange Beach. Sellers are Licensed Real Estate Agents in Alabama. Buyer to verify all information during due diligence.

BCAR #411124

Sep 23, 2026

Listed

$2,995,000

Public Records

Nov 6, 2024

Sold

$240,000

Public Records

Jun 18, 2019

Sold

$70,500

Public record

Beds

Baths

Stories

1.5

Lot width

—

Lot depth

—

Lot size

0.55 Acres

Year renovated

1920

Finished Sq. Ft.

2,075

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,075

Year built

1920

Style

Single Family Residential

County

Baldwin County

APN

54-08-33-3-000-018.002

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 7, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.31% chance of being in a wildfire in next 30 years

10/10 Heat Factor

7 days above 105° expected this year, 23 days in 30 years

9/10 Wind Factor

99% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Foley, AL • 36535

Average low and high temperatures (°F)

Jan

Feb

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Jul

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Sun exposure

In this area, properties receive around 8.6 hours in June and 5 hours in December, which is comparable to the U.S. average for solar exposure.

8.6 hrs

5 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 212 E Michigan Ave Ave

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