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  • Price$1,999,000
  • Beds4
  • Baths3
  • SQ. Feet3,249
  • Acres1.41
  • Built1964

5500 Lakewood Drive, Fairhope

PRICE IMPROVEMENT OF $100,000! A rare opportunity awaits to own this stunning completely remodeled showpiece in Lakewood Estates! Set on right at 2 private acres just steps away from The Grand Hotel, this designer detailed home was fully renovated with no detail overlooked - featuring all new plumbing, electrical & HVAC. The expansive estate-sized lot offers exceptional privacy & outdoor entertaining space while keeping you just a short walk or golf cart ride from all the world-class amenities of Lakewood Membership. Inside, every space has been thoughtfully updated to combine modern comfort with timeless aesthetic style. Entertain with ease in your new outdoor kitchen & gather around the wood-burning fireplace, which creates the perfect setting for covered year-round enjoyment. Properties of this caliber & location are truly rare! Don't miss your opportunity to own this piece of Paradise! Schedule your private showing today! Buyer & Buyer's Agent to verify all information during due diligence. Buyer to verify all information during due diligence.

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Essential Information

  • MLS® #385253
  • Price$1,999,000
  • Bedrooms4
  • Bathrooms3.00
  • Full Baths2
  • Half Baths1
  • Square Footage3,249
  • Acres1.41
  • Year Built1964
  • TypeResidential
  • Sub-TypeContemporary
  • StyleContemporary
  • StatusActive

Amenities

  • AmenitiesNone
  • UtilitiesFairhope Utilities, Riviera Utilities
  • Parking Spaces4
  • ParkingDouble Garage
  • # of Garages2
  • ViewNone/Not Applicable
  • Boat FacilitiesNone
  • WaterfrontNo Waterfront

Exterior

  • ExteriorBrick
  • Exterior FeaturesIrrigation Sprinkler, Outdoor Kitchen, Storage, Termite Contract
  • Lot Description1-3 acres
  • WindowsWindow Treatments
  • RoofComposition
  • ConstructionResale
  • FoundationSlab

Additional Information

  • ZoningSingle Family Residence

Community Information

  • Address5500 Lakewood Drive
  • SubdivisionLakewood Club Estates
  • CityFairhope
  • CountyBaldwin County
  • StateAL
  • Zip Code36532

Interior

  • InteriorNatural Stone, Tile, Wood
  • Interior FeaturesEntrance Foyer, Living Room, Office/Study, Ceiling Fan(s), High Ceilings, Storage, Vaulted Ceiling(s), Wet Bar
  • AppliancesDishwasher, Disposal, Ice Maker, Gas Range, Refrigerator w/Ice Maker, Wine Cooler
  • HeatingCentral
  • CoolingCentral Electric (Cool)
  • FireplaceYes
  • # of Fireplaces2
  • FireplacesGas Log, Great Room, Outside
  • # of Stories1
  • StoriesOne

School Information

  • ElementaryFairhope West Elementary
  • MiddleFairhope Middle
  • HighFairhope High

Listing Details

  • Listing OfficeWise Living Real Estate, Llc
  • Contact InfoPHONE: 251-725-4306

Price Change History for 5500 Lakewood Drive, Fairhope, AL (MLS® #385253)

Date Details Price Change
Price Reduced $1,999,000 $296,000 (12.90%)
Price Reduced (from $2,395,000) $2,295,000 $100,000 (4.18%)
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The data relating to real estate for sale on this website comes from the Baldwin County Association Of REALTORS®. 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. Information deemed reliable but not guaranteed.

Listing information last updated on June 15th, 2026 at 8:47am CDT.