Gulf Coast Pre Construction Condominiums

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Pre construction growth along the Gulf CoastThe Alabama/Florida Gulf Coast has seen tremendous growth along its beaches in recent years. Pre-construction investing is the opportunity to join a fellow group of investors to help a developer procure a loan for the construction cost. In exchange, prices are locked-in for the duration of construction and value can increase significantly, especially as the condo takes shape. In many cases, the developer allows contract assignments in which case, the buyer can effectively sell the condo - all during the construction phase. In this scenario, a new buyer accepts the contract assignment and closes at project completion. Any profit realized during assignment is paid to the previous contract holder at closing/project completion.  It is important to understand that money does not change hands until the building is completed and the "certificate of occupancy" is awarded to the developer.  After this certificate is is obtained, the buyers / owners in the building will start to close loans with the bank and all proceeds come during this process.  Also, not all developers allow contract assignments, so it is important to verify this.


Alabama Gulf Coast
Pre-Construction

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Solis Orange Beach Pre-Construction
Solis Condominiums

25802 Perdido Beach Blvd | Orange Beach, AL
Need not be built.  Solis is a 24-story condominium project containing 132 gulf front units and is located just east of Summerchase Condominiums. A parking garage will encompass the first five floors with 19 residential floors above. Amenities include outdoor/indoor pools, a lazy river, fitness center, tiki bar, coffee shop, on-site management, concierge service for owners, and more.
 

Phoenix South Orange Beach Alabama
Phoenix South Point
25610 Perdido Beach Blvd | Orange Beach, AL

Under construction. Phoenix South is a 66-unit gulf front complex offering upscale residences and resort amenities in the heart of Orange Beach next door to CoastAL restaurant & venue.
For sales and unit availability, please call 251-504-1121 or email info@condoinvestment.com.

Perdido Dunes Tower Orange Beach
Perdido Dunes Tower

27070 Perdido Beach Blvd | Orange Beach, AL

Perdido Dunes Tower is a low-density condominium offering just 20 (4 bedroom, 3 bath) units with views of the Gulf of Mexico and Perdido Pass! Building amenities include an outdoor pool, dune walkover, fitness center, sauna, and multi-media room.

Abaco Orange Beach condo sales

Abaco Orange Beach
27006 Canal Rd | Orange Beach, AL

Need not be built.  Abaco is the newest resort destination located on the back bay of Orange Beach. This luxury condominium will offer 2, 3, and 4 bedroom residences overlooking Terry Cove and great amenities including a private marina, outdoor pool with cabanas, lazy river, fitness center, covered parking with EV charging stations, pickleball courts, and more.
For sales and unit availability, email us at info@condoinvestment.com.

 

Phoenix Key Orange Beach AL
Phoenix Key Tower
29040 Perdido Beach Blvd | Orange Beach, AL

Under construction. Located in east Orange Beach, Phoenix Key Tower will be the most luxurious condominium offered by Brett Robinson. This low-density gulf front complex will be home to 56 luxury condominiums and resort amenities. Estimated completion in 2027.
For sales and unit availability, please call 251-504-1121 or email info@condoinvestment.com.

Phoenix Gulf Shores II condos for sale
Phoenix Gulf Shores II
533 East Beach Blvd | Gulf Shores, AL

Under construction. Located in the heart of of Gulf Shores on East Beach Blvd,  Phoenix Gulf Shores will offer family-friendly amenities: gulf front pool, lazy river, indoor heated pool, hot tubs, fitness center, conference room, and climate controlled storage units. Estimated completion in late 2024.

Phoenix Gulf Towers construction update
Phoenix Gulf Towers
23008 Perdido Beach Blvd | Orange Beach, AL

Under construction. Phoenix Gulf Towers I & II will hold a total of 192 gulf front units.  Each tower will have separate amenities including an outdoor pool with lazy river, indoor heated pool, hot tub, fitness center, owner storage closets, and multi-level parking deck. Phoenix Gulf Towers I (west tower) is complete and Phoenix Gulf Towers II (east tower) is projected to open in Summer 2024.

South Beach OBA homes
South Beach OBA
26596 Perdido Beach Blvd  | Orange Beach, AL

Under Construction. South Beach OBA is an exclusive community and will offer gulf front homes consisting of 6 Bedrooms, 7.5 baths with almost 5,000 sq ft of living space. Each home will have its own boardwalk leading to the beach and a private gulf front pool. Short-term rentals are permitted.

 

Bayou Sunrise Gulf Shoresnew construction
Bayou Sunrise
840 Gulf Shores Parkway | Gulf Shores, AL

Bayou Sunrise Condominium development will consist of 16 two-bedroom, three-bathroom units, plus a bunk area within 4 fourplex buildings plus a detached 5-bedroom 4-bathroom home. The development will offer an outdoor pool and sits adjacent to the Gulf State Park Bayou, on the waterfront bayou leading to Lake Shelby. Short-term rentals are permitted.


Perdido Key Pre-Construction

Retreat at Innerarity Townhomes
The Retreat at Innerarity Phase II Townhomes
16100 Innerarity Point Rd | Pensacola, FL
Newly built 2 and 3 bedroom townhomes with views of Perdido Bay. Amenities include a private boat dock with owner deeded slips, outdoor pool, bay access with beach area, and fitness center. Short term rentals are permitted.

Krystal Key Beach Homes Perdido Key
Krystal Key Beach Homes
16567 Perdido Key Dr | Perdido Key, FL

Need not be built. Krystal Key Beach homes is an exclusive gulf front community offering luxurious 5 bedroom, 5 bath residences. Contact info@condoinvestment.com for more information. 

Aquila condo Perdido Key
Aquila 
14721 Perdido Key Dr | Perdido Key, FL

Need not be built. Aquila is a low-density boutique condominium offer 12 exclusive gulf front residences (1 unit per floor). Contact info@condoinvestment.com for more information. 

 

La Vista Perdido Key FL
La Vista

14799 Perdido Key Dr | Perdido Key, FL

Need not be built.  La Vista will be a one-of-a-kind residence on Perdido Key's exclusive beachfront. This luxury tower will offer just 19 units with features like no other including a Dynamic Glass intelligent window system, "City Lift" parking, and first class amenities. Pricing begins at $2,545,000 and up. Please email info@condoinvestment.com for more information including reservation agreement and availability grid.
 


Destin & Fort Walton Beach Pre-Construction 

 

St. Kitts at Silver Shells condos for sale
St. Kitts at Silver Shells

15600 Emerald Coast Parkway | Destin, FL
Starting at $1.4M+ 
Please contact us for more information info@condoinvestment.com.


The Cascade at Sandestin condos for sale
The Cascade at Sandestin

Sandestin Resort | Miramar Beach, FL
Starting at $1.5M+ 
Please contact us for more information info@condoinvestment.com.


The Groves at Seascape condos for sale
The Groves at Seascape
Seascape Resort | Miramar Beach, FL
Pricing $400K to $1M+
Please contact us for more information info@condoinvestment.com.


South Walton & Scenic 30A Pre-Construction

Kaiya Beach Condos for Sale
Kaiya Beach Resort

TBD | Inlet Beach, FL
Exclusive resort community.
Pricing $1.9M to $5M+
Please contact us for more information info@condoinvestment.com.  

The Della Alys Beach
The Della
Admiralty Row | Alys Beach, FL
Upscale condominium offering 20 residences situated in the heart of Alys Beach's town center.
Pricing $3M+
Please contact us for more information info@condoinvestment.com.  


Panama City Beach Pre-Construction

 Coming soon.


The Forgotten Coast Pre-Construction


The Overlook at Port St Joe
The Overlook at Port St Joe

2284 W Hwy 98 | Port St Joe, FL
Under construction. This coastal community along the Gulf Coast will offer 49 townhomes and condos with modern amenities, clubhouse, and private beach access.
Pricing $300K to $1M+
Please contact us for more information info@condoinvestment.com.  

  


 

Basic Pre Construction Sales Info

  • What is Pre-construction? Pre-construction is the opportunity to join a fellow group of investors in an effort to finance the development of real estate.  Basically, it's buying a condominium before it's built.
  • What are the benefits of buying Pre-construction? The buyer benefits in several ways. First, the lack of mortgage payments while the building is under construction will constitute a profit. The developer offers incentives because sky and paper are harder to sell than concrete and steel. Second, the appreciation that takes place while the building is under construction constitutes profit ( a condominium assembled is worth more than condominium not yet assembled). The property appreciation that takes place while under construction is also significant during an average economy.  Finally, the tax benefits and lack of out of pocket expense due to the financing methods available make this the best investment real estate has to offer.
  • How do I reserve a condominium? Signing a reservation agreement with a deposit. Typically, it is a small deposit such as $25,000, then upon hard contract, 30%-100% of the purchase price is due with 30-60 days. The reservation agreement will provide details on the financial schedule.
  • Do I earn in interest on my cash deposit? Yes, the funds are invested in a pass book account. Any interest paid on the account is applied to the purchase.
  • Who holds the deposit money? An escrow agent of the developer holds the money. (Usually a title company). In some cases, the developer is allowed to use all or a portion of the earnest money to fund construction.
  • What is hard contract? When enough units are sold and the developer is applying for a construction loan, you will be asked to go to hard contract. A hard contract is the binding agreement that converts the reservation to a sale. When the contract is signed, generally you have 7 days to review the offering and make your decision in proceeding with the purchase. (Note) There will come a time, during the offering, that you will go directly to hard contract. This usually happens after some short time during the selling process.
  • When does the construction start? Construction will commence once the developer has sold a number of units (usually 80-90%) and will fund the construction loan.
  • What does need not be built mean? This means the developer is allowed to pre sell the condominium, which has not been constructed. It also means that it may not be built if all permits and approvals are not met. In this unlikely event, the purchaser is protected under law.
  • What happens if the building is not built, at no fault of the purchaser? Your deposit will be refunded with interest or your letter of credit will expire and not be called.
  • How long is the construction period? Generally, it takes 1.5 to 2.5 years to complete.
  • How much profit should I expect? It depends on the general market conditions, interest rates, and competition. In the past few years, profits have ranged from $10,000 to $50,000 on average, peaking at $100,000 or higher.
  • Can I sell before closing? Yes, in which case, the developer allows a new purchaser to take over your contract. The new purchaser must come under the same pre-construction purchase and escrow agreement as the first buyer.
  • What happens if I sell my unit prior to closing? The developer will collect a deposit from a new purchaser to assume the existing contract. The new buyer then steps into place to close and your deposit will be returned with interest.
  • Do I have to close on the unit if I have not sold it prior to closing? Yes, if you choose not to sell your unit, you are expected to close.
  • Can I reinvest my 1031 into Pre-construction? No, because of the length of construction for a condominium, the guidelines for the exchange are not met.
  • Are there any costs related to the sale? Yes, you will be responsible for some closing expenses such as title insurance, funding of the association, insurance, reserves, etc. These charges will be outlined in a Good Faith Estimate provided by the selling agency, and in the developers offering statement.
  • Are there any other contingencies, such as financing? No, the sale is not subject to financing.



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Information is deemed reliable but not guaranteed.  Pre construction is "Need not be built".


 


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The data relating to real estate for sale on this website comes from the Baldwin County Association Of REALTORS®. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Listing information last updated on March 19th, 2024 at 1:45am CDT.