Gulf Coast Real Estate Info - CondoInvestment.com

Turquoise Place condominiums consists of 400 units in two towers on the Gulf of Mexico in Orange Beach, AL.  The towers are the tallest on the Alabama Gulf Coast spanning over 400 ft.  The property is over 13 acres and features a 90 ft. corridor accessing the beach.  The towers stand out enclosed in turquoise glass featuring an amenity package that further separates it from any other condominiums in the area.  All of the units directly face the gulf and have balcony amenities that no other condos in the area can claim.

Turquoise Place is obviously and upscale development and is pricey, but you get what you pay for.  Many of the condos are used strictly for second homes and beach getaways, but the owners who rent the units are bringing in around $100,000

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When the Lighthouse condominium was released for pre sale, there were over 1,000 people vying for 253 units.  Needless to say, there were a lot of disappointed investors that day.  Shortly after the release, the fortunate few that reserved units began to list them for sale to make a quick profit.  This was a great opportunity to pick up a condo with plenty of time left in the construction phase, hold on to it for a while and sell it before closing.  This is referred to as "flipping" and was an extremely popular idea at the time.

When the Lighthouse was finished, price per square foot was around $500.  Currently, the price per square foot is under $300 which is a seven year low.  With proper exposure and a little effort, cash flowing is not that

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The Alabama / Florida Gulf Coast is home to a variety of properties.  We'll discuss some of the better investment condos in this article.  The majority of the best pure investment condos are in Alabama;  Perdido Key is more of a second home market with many of the condos being rent restricted.  We'll consider the primary criteria for an "investment condo" as cost versus annual rental income generated.


We'll start with the West Beach area of Gulf Shores, AL which is rich with great income producing gulf front condos.  Some things to consider are the amenities.  An indoor pool for example, is a great amenity because off season guests like to have the opportunity to swim and most of the gulf side pools and the gulf are too cold for swimming.  Crystal

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