All Blog Entries by Mike Cranston

Found 9 blog entries published by Mike Cranston.

1031 exchange gulf shores alabama

A 1031 exchange is a provision in the United States tax code that allows an individual or entity to defer paying capital gains taxes on the sale of certain types of investment or business property. Under the 1031 exchange, the proceeds from the sale of the original property are reinvested in a similar type of property, which is referred to as a "like-kind" property. This reinvestment must take place within a certain time frame and follow specific rules and regulations. By deferring the capital gains taxes, the individual or entity can use the full proceeds from the sale to invest in the new property, allowing them to potentially build wealth faster than they would if they had paid taxes on the sale of the original property. It's important to note that

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Coastal-AL Restaurant Orange Beach

COASTAL Orange Beach is now open!

A lot of activity is happening in Orange Beach at the intersection of AL-182 and Hwy 161. The city of Orange Beach has partnered with O.B. Land LLC in a public – private partnership to provide public beach access and a family-friendly destination restaurant. The outdoor bar, kitchen and retail space is slated to open later this summer with plans for the indoor restaurant to open in January.

This project promises to be a beautiful addition to Orange Beach.  It will include three one level buildings on four acres with 20,000 square feet of restaurant space, 3,000 square feet of bar space and 5,000 square feet of retail to provide shopping, food and drink for those ready to take a break from the beach.  The

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Tropic Falls at OWA Park

Tickets are now on sale for Tropic Falls Theme Park at OWA. OWA entertainment district expanded its amusement park this summer to include a 100,000 square foot indoor-outdoor water park. Season Passes, which include the water park and amusement park, begin at $269.99 with a one-day admission ticket to both parks priced at $63.00 if purchased online. Tropic Falls is set to open phase one on June 27. OWA, pronounced “oh-wah”, is the Muscogee Creek Indian word for big water and Tropic Falls promises to provide just that. Phase one will include access to six thrill slides, a five slide children's play area, lazy river, dining area, arcade and party rental rooms. The phase one fun is all indoors, enclosed in a beautiful glass building so that locals and

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Wharf Pepsi Beach Ball Drop

Just a 10 – 15 minute drive from the beach you will find The Wharf located at Foley Beach Expressway and Canal Road in Orange Beach, Alabama. The Wharf is an official entertainment district with an array of amenities, where locals and friends here on vacation can experience hundreds of fun activities and family friendly events throughout the year.

The Wharf will kick off Memorial Day Weekend and the unofficial start of summer with the Pepsi Beach Ball Drop on Friday, May 27. This family fun event is open to all and is free of charge. The Wharf will get the ball rolling on a great summer by dropping 4,000 beach balls from the sky. Some of the balls in the beach ball rain shower will contain a letter that corresponds to a prize for the lucky

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Hangout Music Festival

Coming soon, the Hangout Music Festival will be back on the beautiful Gulf Shores public beaches May 20 - 22. The Festival began in 2010 and has grown through the years bringing in more than 40,000 fans a day to the last festival in 2019. Hangout 2020 and 2021 did not happen due to Covid and loyal fans expect this comeback year to be better than ever. This beachside festival is considered one of the top destinations in the world for musical entertainment. The 2022 line up includes more than 80 acts. From Grammy award winning artists to local talent who won the battle of the bands to take the stage, year after year the Hangout Music Fest delivers the best names in pop, rock, rap, dance music and more but it’s the festival perks and location that makes this

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Plans for Caribe Seaside have just been announced and units are available for reservation. With all of the condominiums up and down the beautiful Gulf Coast, renters and investors have no shortage of places to enjoy the sugar sand beaches and southern hospitality. This new project, however, offers more than any other in the area.  Local developer Larry Wireman, who is responsible for the luxury Orange Beach condominiums Turquoise Place and The Caribe, says his company’s motto is to “create a project unlike any other” and I believe he will accomplish just that with this new venture.

Caribe Seaside offers one hundred and fifteen gulf front residences that will consist of three or five bedrooms complete with high end finishes, fireplaces in the living

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The Wharf Condos for Sale
The Wharf condos overlooking the marina and Intracoastal Canal

The Wharf at Orange Beach is one of the most unique and all-inclusive venues in the Gulf Coast region. Whether you are single, married, have kids or don't, the Wharf has something fun to offer you. There are several condominium units available for sale within the Wharf property itself. Established in 2007, there are 190 units on the property ranging from one to four bedrooms with a total square footage of 827 to 3,155. If your intent is to invest in Orange Beach real estate you will be interested in the following annual rental revenue production numbers at The Wharf: 1 BR: $19,000+ and 2BR & 3BR units can bring in more than $30,000.

Whether or not you are interested in investing in real

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Fairhope Brewing Company
Fairhope Brewing Company in Fairhope, AL

Few things rival the satisfaction of an ice cold craft brew on a hot Alabama summer day. The
 craft beer scene has exploded across the United States in recent years thanks to the loosening of local
 alcoholic beverage regulations and coastal Alabama is no exception to this trend. In Baldwin County,
 Alabama, you will find two exceptional craft breweries; Fairhope Brewing Company and Big Beach 
Brewing Company. In neighboring Mobile County across Mobile Bay, you will find an outstanding trio of 
newly opened craft breweries: Serda Brewing Company, Haint Blue Brewing Company, and Iron Hand 
Brewing Company.

Big Beach Brewing Company, a mere two miles north of downtown Gulf Shores, has a tap
station of twelve

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The family firm of Walcot Adams Verneuille was chosen as the group to redesign the community park, Clay Adams didn't take it lightly.  Adam's was part of the wellspring community action and fundraising established almost twenty years ago.  The park sprawls over 2 acres and is located on Church st. in downtown Fairhope, AL.

Over the past several years, the coastal air has not been kind to the equipment and the three playground area's need to be replaced with modern equipment.  The patrons who attend the park generally come in from either Daphne or Thomas Hospital because the Fairhope equipment hands out splinters than no one wants.

To pay for the renovation, Fairhope has been granted access to leftover funds in the amount of $429,000 from the BP oil

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