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Executive Summary

Oak Haven Cottages
New Listing | $4,927,000 | Oak Haven Cottages | Fairhope, Alabama
Now available for the first time, this trophy property is situated on Mobile Street in the heart of the historic "Fruit and Nut" district.
Overlooking Mobile Bay and located within easy walking distance to the Fairhope Pier and downtown, this 2.52-acre parcel offers a rare investment opportunity. The property currently features a large main house and 10 separate cottages comprising 16 total rental units. Most notably, the land carries the coveted B-3b Tourist Resort Commercial Service District zoning, a rare designation in Fairhope. This flexible zoning allows for a wide range of high-value uses, including:
- Short-term vacation rentals
-Mixed-use residential and commercial development
-Boutique hotels, restaurants, and retail
Call Herrington Realty for more information

Property Facts

Price $6,763,786 CAD
Price Per Unit $355,989 CAD
Sale Type Investment
No. Units 19
Property Type Multifamily
Property Subtype
Dormitory
  • Multifamily Apartments
Apartment Style Garden
Building Class B
Lot Size 2.52 AC
Building Size 15,000 SF
Average Occupancy 0%
No. Stories 1
Year Built 1980
Fairly walkable
40/100
Moderately drivable
70/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
46-03-37-0-011-059.000
Land Assessment
$520,670 CAD
Improvements Assessment
$38,170 CAD
Total Assessment
$558,840 CAD
  • Listing ID: 39290728

  • Date on Market: 2026-02-02

  • Last Updated:

  • Address: 355 S Mobile St, Fairhope, AL 36532

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