This spectacular Polynesian-style home sits on a highly desirable culdesac between the Fairhope Pier and The Grand Hotel. Nestled under live oaks with views of Mobile Bay, 4 Molokai Lane is nothing short of a personal retreat. This property is an entertainer's dream, boasting 5 bedrooms, all with en suite bathrooms, 22' ceilings in the great room, and amenities galore. Whether it be lounging by the heated saltwater pool, watching your favorite sports team in "The Game Room," socializing with friends in the Cabana, hosting a party in the oversized courtyard, or watching gorgeous Mobile Bay sunsets on your deeded access pier, this house has something for everyone! This one-of-a-kind property is a golf cart ride away from Downtown Fairhope and one you don't want to miss! Call your favorite agent today -- you are going to want to spend your summer here! Licensed agent is related to the seller.
Property Details
Property Features
Property Information:
Architectural Style: Craftsman
Year Built: 1975
Living Area: 4,700 SqFt
Listing Office:
Office Name: Poppy Properties, LLC
Office Phone: (850) 637-6664
Listing Agent: Chase Starring
Interior Features
Interior Information:
Appliances: Dishwasher, Disposal, Dryer, Microwave, Gas Range, Gas Water Heater
Flooring Type: Split Brick, Tile, Wood
Interior: Bunk Room, Ceiling Fan(s), En-Suite, High Ceilings, Internet, Split Bedroom Plan, Vaulted Ceiling(s), Wet Bar
Bedroom and Bathroom Information:
Partial Bathrooms: 2
Full Bathrooms: 5
Total Bedroom Count: 5
Exterior Features
Exterior Information:
View: Bay
Exterior: Sprinklers, Storage, Balcony, Gas Grill, Porch/Covered, Patio, Porch/Screened, Porch, Porch Front, Boat Slip, Cabana, Security System
Parking Information:
Parking: Golf Cart Garage
Lot Features
Lot Information:
Lot Size: 0.50 Acres
Utilities
Utilities Information:
Heating: Electric
School Info
Assigned Schools Information:
Fairhope High School, Public District Grades 9-12
Fairhope Middle School, Public District Grades 7-8
Fairhope Intermediate School, Public District Grades 4-6
Fairhope Primary School, Public District Grades PK-3
Other
Directions Information:
Directions: South on scenic 98 (between Gambinos and The Grand Hotel). Turn right on Molokai Ln home is on the right hand side of the cul-de-sac.
Price Information
Listing Price Info
Price Summary:
List Price: $2,750,000
Price Per SqFt: $585/SqFt
HOA Fees:
Amount: $300
Frequency: Annually
Tax Information:
Annual Amount: $2,688
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Fairhope, AL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$13.8K
Per Month
Principal & Interest
$13.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$25
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,311
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Fairhope Primary School
408 N Section St
Distance between this listing and this school2.05 miles
Public District Grades PK-3
Middle School
8
/10
Fairhope Middle School
2 Pirate Dr
Distance between this listing and this school2.46 miles
Public District Grades 7-8
7
/10
Fairhope Intermediate School
2 N Bishop Rd
Distance between this listing and this school4.98 miles
Public District Grades 4-6
High School
7
/10
Fairhope High School
18800 Greeno Rd
Distance between this listing and this school2.16 miles
Public District Grades 9-12
Assigned Schools
8
/10
Fairhope Primary School
408 N Section St
Distance between this listing and this school2.05 miles
Public District Grades PK-3
Nearby Schools
6
/10
J Larry Newton School
9761 County Road 32
Distance between this listing and this school4.47 miles
Public District Grades KG-6
5
/10
Daphne Elementary School
2307 Main St
Distance between this listing and this school5.14 miles
Public District Grades KG-3
Assigned Schools
8
/10
Fairhope Middle School
2 Pirate Dr
Distance between this listing and this school2.46 miles
Public District Grades 7-8
7
/10
Fairhope Intermediate School
2 N Bishop Rd
Distance between this listing and this school4.98 miles
Public District Grades 4-6
Nearby Schools
7
/10
W J Carroll Intermediate School
1000 Main St
Distance between this listing and this school5.83 miles
Public District Grades 4-6
Assigned Schools
7
/10
Fairhope High School
18800 Greeno Rd
Distance between this listing and this school2.16 miles
Public District Grades 9-12
Nearby Schools
8
/10
Daphne High School
9300 Champions Way
Distance between this listing and this school9.62 miles
Public District Grades 9-12
2
/10
Ben C Rain High School
3125 Dauphin Island Pkwy
Distance between this listing and this school11.40 miles
The neighbors living near this home have an average income of $67,908. The most common annual income of people living in Fairhope, AL is between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4 Molokai Ln
What is the listing price of this property?
The listing price of 4 Molokai Ln property is $2,750,000.
What type of property is this?
The property 4 Molokai Ln is a house located in Fairhope, Alabama, 36532.
Is this property for sale now?
Active Listing: 4 Molokai Ln is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 4 Molokai Ln are: Fairhope Primary School: GreatSchools Rating 8/10Fairhope Middle School: GreatSchools Rating 8/10Fairhope Intermediate School: GreatSchools Rating 7/10Fairhope High School: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $2,688 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 15, 2016 for $1,045,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 4 Molokai Ln has 5 bedrooms and 5 full and 2 half bathrooms.
What is the square footage of this property?
The property 4 Molokai Ln is 4,700 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 4 Molokai Ln is 1975.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 4 Molokai Ln in Fairhope, AL and zip code 36532. This 4,700 square foot home, which was built in 1975, sits on a 0.50 acre lot. Features: 5 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since March 17, 2024 and is currently priced at $2,750,000.
In March 2024, from all listings sold in Fairhope, AL there were more than 2 sold above asking price, over 41 sold below and more than 14 were sold right at the asked price. In March 2024 in Fairhope, AL there were 18.4% more homes for sale than in February 2024.
From Rocket Homes Real Estate and based on county public records data.
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by the MLS.
PGA/LPGA
PGA/LPGA
NASCAR
Soccer
Stein Mart
Dick's Sporting Goods
Old Navy
Bob Evans
Arbys
Jimmy Johns
Lincoln
GMC
Buick
News/Talk/Information
Adult Hits
New Country