The first two phases of The Verandas consists of 77 single family residential lots bound on the west side by 41 acres of natural wetlands that will remain natural and in the care of The Verandas Property Owner’s Association. These lots have large live oaks, neighborhood pool, several stocked fishing ponds, landscaped common areas, fruit tree orchard, raised garden beds and private home-sites.
The first phase of The Verandas consists of 45 residential lots situated on the eastern edge of the property. This area has large live oaks, several ponds, landscaped common area and large private homesites. The pool will be located adjacent to this phase in the near future.
Rules, Regulations and Architectural Guidelines
There are strict architectural guidelines and covenants for the neighborhood that are intended to serve as a reference for home design in The Verandas. In order for the neighborhood to reach its full potential, the enthusiastic participation of individual homeowners is essential.
Fairhope Single Tax Corporation
The Verandas is part of the Fairhope Single Tax Corporation: A Single Tax Colony. When someone purchases a home on Colony land (land owned by the Fairhope Single Tax Corporation), that person acquires ownership of the improvements via a Bill of Sale and that person leases the land via a 99-year Lease, paying Rent to the Single Tax Corporation. This is very common in Fairhope and more information can be found on their website at https://www.fairhopesingletax.com/.
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