5500 Lakewood Drive
Fairhope, AL 36532
- 3 beds
- 3 baths
- 3,249 sqft
- ~2 acre lot
- $769 per sqft
- 1964 build
- – on site
A rare opportunity to own a stunning and completely remodeled home in Lakewood! It is absolutely fabulous from the inside out. This home sits on two acres and is the second home from The Grand Hotel. No detail was spared when this home was remodeled in 2021 with all new plumbing, electrical and HVAC. This huge estate size lot gives you great privacy, yet you are a walk or golf cart ride away from so many amenities that a Lakewood membership offers. The new outdoor kitchen and wood burning fireplace make a wonderful entertaining spot! This home is truly a must see in the perfect location. Schedule your showing today! Buyers or buyer's agent to verify all information. Buyer to verify all information during due diligence.
Last checked:
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Last updated May 4, 2025
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MLS# 378580 —
The Building
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Year Built:1964
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New Construction:false
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Construction Materials:Brick
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Structure Type:Single Story
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Roof:Composition
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Foundation Details:Slab
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Stories:1
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Levels:One
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Exterior Features:Outdoor Kitchen, Storage
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Patio And Porch Features:Covered, Rear Porch, Front Porch
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Building Area Total:3249
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Building Area Units:Square Feet
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Building Area Source:Assessor
Interior
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Interior Features:Ceiling Fan(s)
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Flooring:Natural Stone, Tile, Wood
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Fireplace:true
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Fireplaces Total:2
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Fireplace Features:Gas Log, Great Room, Outside
Room Dimensions
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Living Area:3249
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Living Area Units:Square Feet
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Living Area Source:Assessor
Financial & Terms
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Ownership:Whole/Full
Location
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Directions:Heading south on Scenic Hwy 98 turn left on to Lakewood Drive. Home is the second on the right
The Property
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Property Type:Residential
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Property Subtype:Single Story
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Property Attached:false
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Property Condition:Resale
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Parcel Number:4507360000006.000
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Lot Size Area:1.5
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Lot Features:1-3 acres, Level, Few Trees
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Lot Size Acres:1.5
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Lot Size SqFt:65340
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Lot Size Dimensions:156 x 292 x 142 x 321
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Lot Size Units:Acres
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Fencing:Fenced
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View:false
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View:None/Not Applicable
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Waterfront:false
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Waterfront Features:No Waterfront
Listing Agent
- Contact info:
- Agent phone:
- (251) 228-1642
- Office phone:
- (251) 270-6400
Taxes
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Tax Annual Amount:3183
Beds
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Bedrooms Total:3
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Master Bedroom Features:1st Floor Primary, Multiple Walk in Closets
Baths
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Total Baths:2.5
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Total Baths:3
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Full Baths:2
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Half Baths:1
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Master Bath Features:Double Vanity, Separate Shower
Heating & Cooling
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Heating:Electric, Central
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Heating:true
Utilities
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Utilities:Fairhope Utilities, Riviera Utilities
Appliances
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Appliances:Dishwasher, Disposal, Ice Maker, Gas Range, Refrigerator, Wine Cooler
Schools
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Elementary School:Fairhope West Elementary
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Middle Or Junior School:Fairhope Middle
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High School:Fairhope High
The Community
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Subdivision Name:Lakewood Estates
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Community Features:None
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Association:false
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Subdivision:AL
Parking
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Garage:true
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Carport:false
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Parking Features:Double Garage
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Covered Spaces:2
Monthly cost estimate
Asking price
$2,499,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$13,381
|
| Taxes | $265 |
| Insurance | $687 |
| Utilities | $232 See report |
| Total | $14,565/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/4/25
May 4, 2025
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Listed / Active | BCAR | $2,499,000 | 262.2% (52.0% / YR) |
|
4/20/20
Apr 20, 2020
|
BCAR | $690,000 | 62.4% (11.1% / YR) | |
|
9/3/14
Sep 3, 2014
|
BCAR | $425,000 |
