Rare opportunity – 7188 SF heated/cooled, plus 2701 SF rooftop terrace, front terrace, triple garage and abundant storage. This property has BOTH residential and commercial space. Prime location in the heart of downtown Fairhope. Steps away from boutique shopping, gourmet dining, coffee shops, entertainment, the Art Center, and a short walk to the picturesque Fairhope Pier. Exceptional B-2 mixed-use building, completed in 2019, seamlessly integrates commercial and residential spaces with a stunning design and top-tier construction. The property features ICF fortified construction including all storm windows and doors. Sophisticated architectural style with clean lines, abundant natural light, a striking parapet front and a private arched porte-cochere driveway/courtyard entrance. The second level offers 4000+ square feet of luxurious living space, including 3 spacious bedrooms, 3.5 elegant bathrooms, and an elevator. The private residence is thoughtfully designed with two separate entrances, providing added privacy and convenience. The expansive layout includes a gourmet eat-in kitchen, marble countertops, high-end Wolf and Sub-Zero appliances, custom cabinetry, wine bar and coffee room. Adjacent to the kitchen, the keeping room enhances your living experience, while the formal dining room, living room, and sitting room, complete with a whole-house sound system and motorized blinds, provide perfect settings for entertaining or relaxing. The master suite is a luxurious retreat, featuring a spa-like bathroom with a walk-in steam shower, dual vanities, and a generously sized walk-in closet with lots of built-ins. Guest bedrooms come with en suite bathrooms for added comfort. A cozy TV sitting area at the top of the rear staircase offers a tranquil spot to unwind. The rooftop terrace is 1200+ SF and ideal for entertaining. The front terrace offers prime views of the Mardi Gras parade route and the Arts & Crafts festival. The 3,000+ SF commercial space is on the street level and is currently leased. This space offers flexibility to convert into two distinct units, with separate utilities already in place and proximity to the City Hall parking. Land Ownership: Fairhope Single Tax Leasehold. All information deemed reliable and accurate. Buyer to verify all information during due diligence.
The median home value in Fairhope, AL is $495,000. This is higher than the county median home value of $357,700. The national median home value is $338,100. The average price of homes sold in Fairhope, AL is $495,000. Approximately 72.82% of Fairhope homes are owned, compared to 14.91% rented, while 12.27% are vacant. Fairhope real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Fairhope real estate agent to arrange a tour today!
Fairhope, Alabama has a population of 21,825. Fairhope is more family-centric than the surrounding county with 36.39% of the households containing married families with children. The county average for households married with children is 29.71%.
The median household income in Fairhope, Alabama is $83,258. The median household income for the surrounding county is $64,346 compared to the national median of $69,021. The median age of people living in Fairhope is 43.1 years.
The average high temperature in July is 90.4 degrees, with an average low temperature in January of 38.3 degrees. The average rainfall is approximately 66.9 inches per year, with 0 inches of snow per year.