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$450,000
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Property Description
Investment Opportunity or Private Family Compound on TWO ACRES - No HOA Rare opportunity to own TWO manufactured HOMES on a flat, cleared 2-acre parcel zoned Rural Agricultural, sold together as one property. The homes were built in 2020 and 2023 and each offers approximately 1,200 sq ft with 3 bedrooms and 2 bathrooms, creating a versatile setup for income production or multi-generational living. Both homes were updated in April 2025 with all-new cabinets, new appliances, and new flooring throughout, and are currently rented month-to-month at $1,600 per unit, providing immediate cash flow. Each residence has its own Address, septic system and power connection, with a shared water well and pump. Located in the county with no HOA restrictions, this Rural Agriculturally zoned property allows extensive personal-use flexibility-bring your RV, add a barn, or store your recreational toys. Great for investing opportunity, or extended family living, or buyers seeking space and freedom. Conveniently situated just off Co. Rd. 65 on Co. Rd. 16 in Foley, offering a central location close to Foley, Bon Secour, Gulf Shores, and Magnolia Springs. A unique property offering newer construction, recent updates, income, and land-don't miss this opportunity.*This information is deemed reliable but not guaranteed. Buyer or buyer's agent to verify any information they deem important. Buyer and buyer's agent to verify all information during due -diligence period. Buyer to verify all information during due diligence.
Full Property Details
Full Property Details for 15400 Co Rd 16
General
- Price: $450,000
- Taxes: $196
- Status: Active
- Type: Single Family
- Source: 934
- MLS ID: 389298
- Updated: 1/7/2026
- Added to Site: 27 day(s) ago
Interior
- Interior Features: Ceiling Fan(s)
- Fireplace(s): None
- Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
- Primary Bathroom: Soaking Tub
Bedrooms
- Total Bedrooms: 6
- Primary Bedroom: Walk-In Closet(s), Main
- Bedroom 2: Main
- Bedroom 3: Main
Other Rooms
- Kitchen: Main
- Laundry: Main Level
Additional Information
- Shared Amenities: None
- Security/Safety: Smoke Detector(s)
Parking
- Parking Features: On Street
Location
- Area: Foley 1
- County: Baldwin
- Subdivision: Not Applicable
- Cross Streets: county rd 65
- Driving Directions: From Co Rd 65 and 12 Intersection, continue south on 65. Turn right on Co Rd. 16 and continue past Sherman Rd. Land will be on your left before you come to Co Rd 49.
School Information
- Elementary School: Magnolia School
- Middle School: Foley Middle
- High School: Foley High
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Heat Pump
Utilities
- Utility Description: Cable Connected
Structural Information
- Structure Type: Single Story
- Exterior Const.: Vinyl Siding, Other
- Roof: Composition
- Stories/Levels: 1
- Building Size: 2400
- Square Feet: 2,400
- Sq. Ft. Source: Builder
- Year Built: 2025
- Property Condition: Resale
Lot Features
- Property View: Other-See Remarks
- Lot Size (Acres): 2
- Lot Size (Sq. Ft.): 87,120
- Lot Features: 1-3 acres, Level, No Trees
Water Features
- Water Front View: No Waterfront, Other-See Remarks
Financial Considerations
- Tax Amount: $196
Disclosures and Reports
- Ownership: Whole/Full
- Property ID: 6005220000002.004
- Block: lot 4
- Lot Number: lot 4
Listed by Waters Edge Realty
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Schools
Schools serving 15400 Co Rd 16
School District:Baldwin County School District
| Name | Grades | Distance |
|---|---|---|
Magnolia School 1 Jaguar Loop, Foley, AL 36535 | K-6 | 5.6 mi |
Foley Middle School 200 North Oak Street, Foley, AL 36535 | 7-8 | 6.3 mi |
Foley High School 1 Pride Place, Foley, AL 36535 | 9-12 | 5.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 15400 Co Rd 16
Date
Details
Price
Change
Source
1/07/2026
Price Reduced
$450,000
-9.82%
MLS
12/21/2025
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 15400 Co Rd 16
15400 County Road 16, Foley, AL 36535 (MLS# 389298) is a Single Family property with 6 bedrooms and 4 full bathrooms. 15400 County Road 16 is currently listed for $450,000 and was received on December 21, 2025. Want to learn more about 15400 County Road 16? Do you have questions about finding other Single Family real estate for sale in Foley? You can browse all Foley real estate or contact a Coldwell Banker agent to request more information.

