4 months on rocket

49640 Rabun Rd, Bay Minette, AL, 36507

$1,200,000

1.00 Acres
Land

Location

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Property Highlights

Home TypeVacant Land
MLS #632128
Lot Size1.00 Acres
StatusActive

About 49640 Rabun Rd

Bay Minette, AL – 1-acre commercial property with unmatched access and opportunity in a rapidly growing area. Just 1 Mile from I-65 & Novelis Plant! This exceptional property off I-65 and adjacent to the South Alabama Mega Site is perfectly positioned near the $2.5 billion Novelis Low-Carbon Aluminum Recycling Plant, set to open in 2025 and create over 1,000 jobs. A newly installed red light on Hwy 287 ensures smooth ingress/egress, while water, power, and sewer/septic are readily available. Key Features: *Exceptional Infrastructure: Direct access to Hwy 287 with a $5 Mill grant for infrastructure upgrades. *High Traffic & Visibility: 9,960 AADT on Hwy 287 and 20,883 vehicles daily on nearby I-65. *Proximity to Growth: 116 site RV Park approved near this property. Plus, Bay Minette is the county seat for Baldwin County, which is the 7th fastest-growing Metro Area in the U.S. *Development Potential: No city or county zoning—ideal for service stations, fast-food chains, multi-family complexes, hotels, retail centers, self-storage facilities, RV parks, offices, and more. Proximity to key locations enhances the property’s value: - Downtown Bay Minette (6 mi SE): daily necessities and employment. - Mobile, AL (35 mi SE): domestic and international port. - Gulf of Mexico (58 mi S): vibrant beaches and tourist areas. With construction of the plant well underway, this area is poised for rapid growth. The South Alabama Mega Site’s 3,000 certified acres offer businesses excellent transportation links and shovel-ready industrial sites. Additionally, being located within an Opportunity Zone, investors can take advantage of tax incentives. The property also includes a single-family home and manufactured home, perfect for temporary office space or storage. Don’t miss the chance to invest in one of the fastest-growing regions in the U.S., with a booming economy and unmatched potential! Contact us today for more details!

Property Details

Property Features

Listing Office:

  • Office Name: PHD Real Estate, LLC
  • Office Email: patty@PHDRealty.com
  • Listing Agent: Patty Helton Davis

Lot Features

Lot Information:

  • Lot: Wooded, Cleared
  • Lot Size: 1.00 Acres

Other

Directions Information:

  • Directions: From Atmore, AL: Head north on Main St/AL-21. Go for 0.4 mi. Then turn left onto W Howard St. Keep right crossing over the railroad tracks to get on Jack Springs Rd. Continue on Jack Springs Rd/CR-1. Go for 4.6 mi. Then take left ramp onto I-65 S toward Moblie. Go for 15.5 mi. Then take exit 37 toward AL-287/Bay Minette/Rabun/Hospital. Go for 0.3 mi. Then turn left onto Rabun Rd/AL-287 S. Go for 1.2 mi. Then turn left crossing Rabun Rd to property driveway.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000

Tax Information:

  • Annual Amount: $108
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Bay Minette, AL.

Med. Sold Price

$236.5K

Med. Price/SqFt

$146

Avg. Days On Market

8

# of Sold Homes

17

49640 Rabun Rd vs Bay Minette

140 DAYS ON ROCKET

+132 Days

$1,200,000

+$963.5K More

KEY TAKEAWAY

This property is $963.5K more than the Median Sold Price in Bay Minette, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Pensacola MLS
  • MLS Number: #632128

Listing Office:

  • Office Name: PHD Real Estate, LLC
  • Office Email: patty@PHDRealty.com
  • Listing Agent: Patty Helton Davis

Copyright © 2024 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:21:11 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$108$13,840
2019$76$8,460
2018$74$8,060
2017$56$7,340

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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NMLS#3030

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.

Nearby Schools

school-card-donut-4542956
4
/10
  • Bay Minette Elementary School

  • 800 Blackburn Ave

  • 4.08 miles

  • Public District Grades KG-6

school-card-donut-4542957
3
/10
  • Pine Grove Elementary School

  • 43980 Pine Grove Rd

  • 5.79 miles

  • Public District Grades KG-6

school-card-donut-4542958
4
/10
  • Delta Elementary School

  • 10251 Whitehouse Fork Road Ext

  • 12.10 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,780. Typical income of Bay Minette, AL residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 49640 Rabun Rd

What is the listing price of this property?

The listing price of 49640 Rabun Rd property is $1,200,000.

What type of property is this?

The property 49640 Rabun Rd is land located in Bay Minette, Alabama, 36507.

Is this property for sale now?

Active Listing: 49640 Rabun Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $108 (source: MLS/based on county public records data).

How much acreage is this property?

The property 49640 Rabun Rd is 1.00 acres.
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Rocket HomesAlabamaBaldwin CountyBay Minette3650749640 Rabun Rd

This home is located at 49640 Rabun Rd in Bay Minette, AL and zip code 36507. This home sits on a 1.00 acre lot. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $1,200,000.

While more than 5 listings in Bay Minette, AL in November 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 9 were sold below. Between October 2024 and November 2024, Bay Minette, AL real estate market has seen decrease in the number of listings by 2.2%. In November 2024, listings were on the market for 8 days. During the same period, the median list price in this real estate market was $236,500.

From Rocket Homes Real Estate and based on county public records data.

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