Unique Double Lot Opportunity in Bear Point Estates 5769 Pensacola Avenue | Orange Beach, AL 36561 | MLS #376595 | Offered at $899,000 Introducing a rare double-lot residential investment opportunity in the highly sought-after Bear Point Estates community of Orange Beach, Alabama. Located just a short walk or golf cart ride from Bear Point Harbor, this charming and custom-updated 4-bedroom, 2.5-bath coastal home sits on two full parcels—a highly valuable offering in one of the area's most desirable neighborhoods. Originally built in 1971 and thoughtfully reimagined in 2002 by a retired contractor, this home has been significantly expanded and modernized while maintaining its warm, coastal character. The property features approximately 1,800 square feet of heated/cooled living space plus an additional 200-square-foot finished lower-level flex room, complete with its own half bath and laundry hookups—perfect as a guest suite, home office, game room, or studio. Prime Lot Value with Views and Outdoor Living Situated on a rare double lot, this property offers expansive outdoor space, framed by mature palms, beautifully maintained landscaping, and tranquil water views visible from the elevated back deck swing. The fully fenced backyard is designed for both entertaining and low-maintenance enjoyment and includes: Fully irrigated lawn and garden system Fish cleaning station for anglers and boaters Outdoor shower Stormwater control with sump pump Decorative outdoor lighting Spacious side yard with potential to add a pool, detached garage, or guest structure (subject to approval) The double lot configuration offers considerable long-term value for investors, developers, or families seeking extra space or potential expansion down the road. Interior Features: 4 full bedrooms, including an oversized primary suite with generous closet space 2.5 bathrooms, all tastefully updated Open-concept main living area with abundant natural light Remodeled kitchen featuring modern cabinetry, stainless appliances (all convey), and updated fixtures Durable modern flooring throughout Metal roof Updated HVAC systems within the last 4 years All appliances convey Lower-level finished flex space with private entrance—ideal for guest overflow or an income-producing suite Community Features: Bear Point Estates is one of Orange Beach’s most treasured neighborhoods, known for its tight-knit community feel, voluntary POA, and golf cart lifestyle. Residents enjoy access to: Private beach and waterfront park Boat launch Fishing pier BBQ pavilion Playground and green spaces Annual events, live music, and family-friendly activities centered around Bear Point Harbor & OSO at Bear Point Voluntary POA dues are only $300/year, making it an exceptionally affordable investment for access to all amenities. Location & Investment Value: 5769 Pensacola Avenue is perfectly positioned to capitalize on both lifestyle and investment appeal. Located just minutes from: The Gulf of Mexico’s pristine beaches Marinas, waterfront dining, and local boutiques Top-rated schools and public parks Boating, fishing, kayaking, and Gulf adventures With the scarcity of double-lot properties in Bear Point Estates, this home stands out as a high-value coastal investment with potential for short-term rental, second-home use, or full-time residence. Its flexible layout, prime land, and upgraded features make it ideal for buyers seeking space, comfort, and a strong long-term return. Additional Notes: Transferable termite bond Low annual utility costs Flood zone info and survey available upon request Buyer to verify all information during due diligence This is truly one of the most versatile and desirable properties currently available in Orange Beach. The combination of land value, location, and quality renovations makes 5769 Pensacola Avenue a rare opportunity in the Bear Point market. Contact us today to schedule your private showing or request more information on rental income potential and community development guidelines.