Gulf Coast Real Estate Info - CondoInvestment.com

The Highlands of Spanish Fort is a large development project spanning over 11,000 acres between Spanish Fort and Bay Minette, AL.  The land is separated in to 54 tracts and being development in conjunction with the city of Spanish Fort.  The tracts are comprised of residential, commercial, multi family, a village center, school sites, institutional sites, parks and municipal services.  The city council members approved an amended conceptual master plan and standards for design back in August at the most recent public hearing.

"We've definitely seen an increase in queries from regional to national developers and local home builders within the last six months," said Bill Schroeder, developing partner of Rock Creek Capital, which owns the land.  The Rock

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After three straight years of increases in the numbers of visitors and the economical benefits associated, Baldwin County is obviously gaining in popularity.  More people are visiting and spending more while they're here.

Over five million people visited the Alabama Gulf Coast in 2012 and spent $2.9 billion while visiting Baldwin County.  That's an increase of over 4 million visitors and over $100 million since 2011;  this year (2013) is slated to break these number and establish new record marks.

It's estimated the coastal cities of Orange Beach and Gulf Shores, AL will generate an estimated $343 million in rentals this year, an increase  from $323 million in 2012 and $280 million in 2011.  These numbers were based from the Gulf Shores and Orange

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Local tourism officials expect the flights to boost the economy and none as much as the Alabama / Florida beaches along the Alabama Gulf Coast.  The trip to the beautiful white-sandy beaches of Gulf Shores, Orange Beach and Perdido Key, FL will be be much more accessible and from a variety of new locations with fewer lay overs for those flying in to the area.  The city of Pensacola is only 45 minutes East of Gulf Shores, closer still to Orange Beach and a mere 20 minutes to Perdido Key, Florida.  Mobile, AL is approximately an hour from Pensacola International Airport.  City officials from the beaches of Alabama are excited about the new option for people to reach their vacation destination.   Southwest is now offering twice-daily nonstop service…
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Spanish Fort, AL Siren System

Spanish Fort, AL will be the first city in Baldwin County to install a siren system to act as an early warning alert system with the tornado portion beginning very soon.  "We'll probably go to bid on the tornado sirens in the next two months," said the mayor.  It is amazing to me that we'll be the first city in Baldwin County to have it."  The mayor explained the positioning of the sirens as being distributed from Mobile, East in to Spanish Fort in five locations.

"They go from one end of the city to the other," McMilan said.  "We're working with our grant-writing team and with Bruce Renkert to decide on a plan."  Renkert works as the building and zoning official in Spanish Fort.  Another important detail was the mayor

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Perdido Key, FL Stuff


Perdido Key FL Songwriter's Festival (Nov. 7th - Nov. 17th)


Over 200 songwriters and musicians should visit Perdido Key, FL to participate in one of the oldest traditions on the key.  Perdido Key, FL is home to some of the nicest beaches along the Southwestern Gulf Coast and home to a yearly musical treat;  the Frank Brown International Songwriters Festival.  As usual, the event is held at the world-famous Flora Bama Lounge and Package Store.  The event will begin November 7th and the music continues for 17 days.  On the 13th of the month, Lulu's Homeport at the North base of the bridge on the canal, will host the songwriters for the evening.

The Frank Brown festival brings in a surprisingly talented group of entertainers

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According to Dr. Don Epley, director of the center for real estate and economic development (CRES) at the University of South Alabama in Mobile, AL, business and real estate activity along the Alabama Gulf Coast should outpace that of the U.S. average.  While speaking at the recent seminar, Epley cited reports from the Federal Reserve bank in Philadelphia which studies economic indicators for the region including parts of South Alabama including:  Gulf Shores, Orange Beach, Spanish Fort, Daphne, Fairhope and Mobile, AL.  According to these reports, Epley and others believe Alabama will grow at a rate of 4.6 percent placing them in the top 5 U.S. states in terms of growth.  By contrast, the U.S. economy as a whole is expected to grow at a rate between 2

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Real Estate Rebound

     The local economy is moving in the right direction and this is partially due to the real estate market, according to Lee Lawson, president of Baldwin County Economic Development Alliance (EDA), based in Robertsdale, AL.  Lawson's recent comments were received at the Coastal Economy Outlook VI, the annual seminar produced by the University of South Alabama's Center for Real Estate Studies and Economic Development at which he outlined the various areas where Baldwin County experienced economic growth.
     Baldwin County had a “good solid year coming out of the recession,” having a population growth rate of over 2% bringing the total to approximately 190,000;  a 30% increase over the last 10 years.
     The Alabama Gulf Coast beaches of…
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     Another Festival is in the books.  Another successful turn out and condos were hard to come by this year as potential patrons were again waiting until the last minute to make reservations.  We received numerous calls in the days leading up to the event.  The Gulf Shores Shrimp Festival has added things over the past few years and has a multitude of things to do, see and even participate in while attending.

     The weather could not have been better.  The temperatures ranged from the mid 60's early in the day and peaked in the low 80's with low humidity.  Patrons joined in from all over the U.S. and made this year's festival crowd one of the largest on record with over 300,000 visitors.

     This year's festival was like its predecessors in many

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Real Estate sales have been on a significant upswing in 2013.  Our local beach communities including Gulf Shores & Orange Beach, AL and Perdido Key, FL have had a 3.1% increase in sales and neighboring Mobile, AL has seen a 4.7% increase.  Nationally, prices has risen 12.6% when compared to May of last year.  New construction is up 7.4% according to Mike Cranston of Re/Max in Orange Beach, AL.  A contributing factor, according to Mike, is the considerable jump in prices of finished lots which is up 30 to 50 percent.  People who owned larger homes are downsizing to smaller homes.  The availability of foreclosed properties is down and now is a great time to buy considering the aforementioned areas (primarily a resort area) have not experienced large price

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Phoenix West II condominium has been under construction for some time now.  The inauspicious start is a subsequent result from Katrina.  The newest development from Brett Robinson was simply ill-timed.  The first Phoenix West building which was finished prior to the storm is one of the nicer developments on the Gulf of Mexico in Alabama, perhaps on surpassed by the Turquoise Place towers.  Phoenix West II is the companies second project with elaborate amenities such as its lazy river.  One thing is for sure - when the building is finally completed and the certificate of occupancy is issued, it will be one of the great residences in an area already full of of beautiful condominiums.

In 2011, BP agreed to pay the development company 37.2 million dollars

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