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SEVEN-UNIT CONDO INVESTMENT OPPORTUNITY IN DAPHNE, AL! Expand your real estate portfolio with seven Bay Forest condos available together for $832,000, with one unit included AT NO COST as part of the full seven-unit package! This investment opportunity features four occupied units generating rental income and three vacant, move-in-ready units offering additional leasing potential. The four occupied condos are also offered together for $572,000, with reported gross annual income of $63,700, net operating income (NOI) of $41,392, and a 7.24% pro forma cap rate based on the four-unit offering. The seller prefers a portfolio sale but will consider individual offers. Seller will pay off the temporary HOA special assessment at closing. A $5,000 seller concession is available toward closing costs or a 2-1 rate buydown for the vacant units, subject to applicable terms and lender approval. Occupied units: MLS 395674, 395671, 395670, 395666. Vacant units: MLS 395673, 395672, 395668. Contact us for financials, rental information, and purchase options! Financial figures are based on historical performance and pro forma calculations; future income and returns are not guaranteed. Buyer to verify all information during due diligence.

Highlights

  • Residential
  • Single Family Residence
  • Built in 1983
  • $430/mo HOA
  • Waterfront
  • 199 days on Market

  • Bedrooms
    2
  • Bathrooms
    1 full · 1 half
  • Year Built
    1983
  • Stories
    2.0
  • Architectural Style
    Condo
  • Construction Materials
    Brick
  • Foundation
    Slab
  • Parking Features
    Assigned
  • Living Area
    873.0
  • Interior Features
    Walk-In Closet(s)
  • Appliances
    Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Flooring
    Tile, Vinyl
  • Furnished
    Unfurnished
  • Exterior Features
    Storage, Balcony
  • Patio And Porch
    Covered, Patio
  • Pool Features
    In Ground
  • Cooling
    Ceiling Fan(s), Central Air, Electric
  • Heating
    Electric, Central

  • Lot Features
    Few Trees
  • Water Front
    Yes

  • Area
    Baldwin
  • County
    Baldwin
  • City
    Daphne
  • Neighborhood
    Bay Forest
  • Zip Code
    36526
  • High School
    Daphne High
  • Middle School
    Daphne Middle
  • Elementary School
    Daphne Elementary

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Frequently Asked Questions

How do I schedule a tour of 512 Lake Forest Blvd #118?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 512 Lake Forest Blvd #118.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 512 Lake Forest Blvd #118?

Click Ask a Question to talk with our team. You already know it is a 2 bed, 1 bath, listed for $125,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Daphne, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 512 Lake Forest Blvd #118?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 512 Lake Forest Blvd #118 at around $812. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 512 Lake Forest Blvd #118?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Baldwin County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 512 Lake Forest Blvd #118?

In most cases, yes. Whether 512 Lake Forest Blvd #118 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Daphne's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 512 Lake Forest Blvd #118?

We can handle that for you. Our preferred local agent specializes in residentials in Daphne and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $125,000 with 873 sqft of space—that comes out to approximately $143 per square foot.

How long has this property been on the market?

512 Lake Forest Blvd #118 was listed on April 24, 2026, which means it's been on the market for 199 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1983, making it approximately 43 years old.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Daphne Elementary
  • Middle: Daphne Middle
  • High: Daphne High

Want to see how these schools compare? Check out our Baldwin County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 512 Lake Forest Blvd #118?

The most recent public record shows annual property taxes for 512 Lake Forest Blvd #118 were approximately $1,205. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $430 paid monthly.

This covers access to community features including: Pool, Insurance.

Is 512 Lake Forest Blvd #118 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Baldwin County Association of REALTORS. Baldwin County MLS deems information reliable but not guaranteed.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting.