|
|
|
Artsy, Friendly and Picturesque,
the Village of Fairhope, Alabama Boasts Waterfront Charm, a Gentle
Spirit and Old Fashioned Southern Hospitality
Cost of Living: Meets the National Average
| Nestled on a bluff overlooking Alabama's
Mobile Bay, an inlet of the Gulf of Mexico, Fairhope
(population 16,500) is a quaint, artsy town that was
established in 1894 as an experimental colony by a group
of tax reformers (it had a "fair hope" of
success). These enterprising folks believed in the
single-tax theory advocated by late nineteenth-century
political economist Henry George and wanted to build
their own version of utopia. Colonists formed a
corporation, the Single Tax Corporation, and through it
purchased land on the eastern shore of Mobile Bay.
The corporation then leased the land to colonists,
collected rent from them and then paid a single land tax
to the government. The idea varied a bit from
George's, but the Fairhope colonists were able to make
their version work fairly well until the Great Depression rendered
it impossible for many families to pay rent to the
corporation.
|
|
|
|
The Fairhope Single Tax
Corporation still exists today, one of two such
tax colonies in the U.S. (the other is in Arden,
Delaware). That the FSTC owns 4,500 acres in and around
town is partly why so much of
Fairhope is beautifully landscaped and well
maintained. In fact, the town has won
awards for its verdant parks, colorful flower
beds and dedication to preserving its large
moss-covered oak trees. Fairhope has been growing, by
almost a third in the last decade, and it has a
sizable retiree population (of the residents,
50% are age 45 or better). It is also home
to many artists, writers and craftsmen who come
for the inviting cultural climate and sweeping
waterfront vistas. The cost of living
meets the national average, and the crime rate
is below the national average. Residents
have a reputation for being friendly and very
conservative.
|
|
The median home price
of $269,000 is well above the national median
(but down 10% from last year). This price
is due in part to Fairhope having been a resort
destination over the years, attracting not only
artists and intellectuals but also wealthy
northerners in search of warmer winter weather.
Today Fairhope may be one of
the prettiest towns in the South with a
delightful tree-lined downtown packed with delicious
restaurants, cozy coffeeshops, galleries and fun retail
shops and boutiques.
There are some lovely older homes here, many overlooking the Bay,
and some neighborhoods in particular draw retirees. One
such neighborhood is Hollowbrook
where comfortable brick single family
homes are for sale in the mid- to high-$100,000s. Miller's
Crossing is a new neighborhood that attracts all ages but has homes
from the mid-$100,000s. Gayfer Court is an older-style
condominium community within walking distance of downtown and has
two-story, 1,340 sq. ft units from $179,900 (rentals from $975 per
month). Key Allegro Villas is a manufactured
community that caters to seniors and has mobile homes from less than
$20,000. Arbor Gates is an attractive all ages apartment complex
with one bedroom units from $675 per month.
Fairhope also has a number of more expensive
subdivisions. Deep Tree Forest has single family
homes from the low-$200,000s. Rock Creek is a master-planned
golf community with homes from the high-$200,000s.
Woodlands at Fairhope may be one of the most exclusive neighborhood
with homes from the $600,000s. Million dollar homes are
available, too. It also worth noting that people
who purchase a house on “colony land” secure ownership of the
house but only receive a leasehold on the land and pay rent to the
Single Tax Corporation (which has 1,800 such leaseholds).
This is an
interactive map. Click on the arrows in the upper left hand
corner to move the map to the East, West, North or South, and click on the +/- signs
(more than once if necessary) to zoom in
and out.
Alabama has some of the nation's lowest property taxes, and in Fairhope, real estate taxes are charged at approximately $42 per
$1,000 of assessed value, and homes are assessed at 10% of fair market
value. All owners receive a homestead exemption of
$5,000, and owners age 65 and better are exempt from
all state property taxes. Without exemptions, the
annual taxes on a $269,000 home are $1,130. Homeowner
insurance is expensive, though, averaging $2,500 to $3,000 a
year. Social Security is not taxed.
Fairhope has been experiencing some growing pains but has instituted
strict zoning laws to ensure that it retains its gentle
charm. Each year, 200 trees are
planted throughout town, and colorful flower baskets hang from nearly
every street lamp giving the town a storybook quality. The waterfront is
a busy spot, and the Fairhope Pier, originally built in the 1920s, is
a town highlight with duck ponds, a water fountain, rose gardens and a
picnic area. Boating enthusiasts will love that there are so many
marinas so close by and home to every kind of sailing and power boat
imaginable. Charters are available for fishing or just for
taking a sail along the shore. Evening cruises are especially
romantic! Sunsets over the Bay, with Mobile
(population 190,000) twinkling in the distance, are amazing.
Golfing is a year-round pleasure thanks to the area's mild climate. Quail Creek is an
18-hole public course with green fees from $39 to $45 for 18 holes. The Marriott's
Lakewood Golf Club is open to the public as well as to hotel
guests. Rock Creek Golf Club is a beautiful semi-private club.
Fairhope has its share of fun
festivals. The biggest annual event, the Arts and Crafts
Festival, occurs the third weekend in March and is one of the oldest
and largest festivals of its kind in the South. Each year,
hundreds of artists and fine craftsmen from around the U.S. and
overseas come to this prestigious three-day event to show and sell
their wares to crowds estimated to be 150,000 strong. The nation's largest
one-day sailing regatta takes place the third weekend in April on
Mobile Bay, and the yearly Jubilee, when bottom-dwelling fish, shrimp
and crabs rush en masse to the shore to meet eagerly awaiting
residents with scoops and buckets in hand, should not be missed.
Shopping is limited, but there is now a
Wal-Mart on the outskirts of town (residents successfully fought to
keep it from locating downtown). Mobile is close enough for more in-depth shopping
excursions as needed.
The Fairhope Public Library has been
around since the early days when books from London, Amsterdam and
Paris were brought to the fledging colony by book lover, intellectual
and world traveler Edward Howland. Many of the library's
first books are on display, and today a robust lecture series, book
review groups and online classes make FPL a welcoming place to gather. Computers with internet access are available.
The beautiful Nix Center is a senior
activity center that provides daily activities for those 50 and better.
It has 1,800 members, and programs offered include
sailing events, potluck lunches, dominos, pool & billiards,
ballroom dancing lessons, support groups, ice cream socials, birthday
parties, blood pressure screening, cooking classes and much more.
Health care services are quite good. Thomas Hospital is a
129-bed facility with a new addition and has been named by Thomson
Reuters as a Top 100 Hospital for cardiovascular care for four years
in a row. It has also won Healthgrade.com's Outstanding
Patient Experience Award for 2010/2011. Medicare and
Medicaid are both accepted. Further medical options are available in Mobile.
Fairhope has a humid,
subtropical climate, meaning hot, humid summers and
generally mild winters. Summer high temperatures reach into the
low-90s, and winter temperatures are in the 40s, 50s and 60s.
The comfort index number, a combination of temperature and humidity,
is well below the national average. The sun shines 221 days of
the year, and it rains 114 days of the year. The air quality is
below the national average, but the water quality is above the
national average.
Picturesque and quiet, Fairhope is an idyllic
waterfront village , but it
has some drawbacks. There is no public
transportation. The chance of a tornado is 77% above the
national average. There are some tensions regarding
growth, with not everyone agreeing about how to maintain Fairhope's quality
of life. The town has been negatively affected by the BP
oil spill, with businesses suffering tourist cancellations over the
past summer.
Even with these downsides, Fairhope has an allure that is
hard to resist. The original colonists may not have
created their utopia, but they came close and in the process planted
the seeds of this thriving, modern day Southern gem.
So, in a way, they really did succeed after all.
Back to Top
Great Retirement Spots Newsletter is
published eight to ten times a month by Webwerxx, Inc., 2770 S. Elmira St.,
Denver, CO 80231. (303) 358-0512. Copyright © 2006-2010. All
rights reserved. No part of this electronic publication may be
reproduced without the express written consent of Webwerxx, Inc. Many
attempts were made to verify the accuracy of the information contained in this
bulletin, but some information may have changed since publication. Webwerxx,
Inc. cannot be held responsible for information that has changed since this
publication appeared online. Please contact us at staff@greatretirementspots.com
if you have questions or comments. View our privacy
policy.
Alabama Real Estate Active Adult Developments in
Alabama Retirement Communities Alabama Homes for Sale
|