A Waterfront lot on Little Lagoon in the Laguna Dunes subdivision in Gulf Shores Alabama. Property has 147 feet right on Little Lagoon. This small 10 lot subdivision has Sidewalks, an infinity pool and has your own assigned boat slip. This lot is only a few miles down Ft Morgan Rd. Can be at Shopping, Public Golf Course or the beautiful sandy beaches in just a few minutes. If you are a boater you will love the private boat slip. Building restrictions are 1 story at 2500 sqft. 2 story is 2500 sqft minimum with minimum of 1300 on the 1st floor. HOA fees are 1,200 a year paid annually. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title.