Phoenix Gulf Shores is the newest gulf front pre construction condo planned for Gulf Shores, AL. Click here to visit our Phoenix Gulf Shores condo sales page.
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Phoenix Gulf Shores is the newest pre construction condo planned for the Alabama Gulf Coast. There are currently only two Phoenix condominium in Gulf Shores; Phoenix All Suites and Phoenix All Suites West. Orange Beach, AL is home to the vast majority of Phoenix condos with numerous gulf front condos and also, Phoenix on the Bay I & II located in the Terry Cove area of central Orange Beach.
The new Phoenix Gulf Shores development will be the first Gulf Shores building offering complete ownership to buyers. The All Suites complexes only allow partial ownership and certain rules must be followed, such as the mandatory rental agency used for vacation bookings. Phoenix Gulf Shores will be located in the popular West beach area of Gulf Shores and is walking distance to the Gulf Shores Hangout. The pre construction market has been fairly silent since the last boom circa 2003. New condos on the Gulf of Mexico were pre selling for close to $600 per square foot during this time and the new Phoenix Gulf Shores project is priced at $295 to $302 per square foot which is roughly half.
Phoenix Gulf Shores will be a low density building compared to the last project; Phoenix West II had over 300 gulf front condos located in West Orange Beach. All of Phoenix Gulf Shores' 80 units will offer direct, unimpeded views of the beautiful green waters of the Gulf of Mexico. The development will feature an indoor heated pool, gulf front pool, whirlpools, exercise room, BBQ area, covered parking, meeting rooms and offices, as well as, other amenities sure to make Phoenix Gulf Shores a competitive rental investment property. The building will be located next to the Island Royale condominium and construction should take approximately 2 years.
Financing for pre construction condos works in different ways with both L.O.C.'s and cash purchases leading the way. Phoenix Gulf Shores will be a cash deal with $25,000 needed for the initial reservation and the balance due at hard contract. With the current prices of Phoenix Gulf Shores ranging from $495,000 to $650,000, the reservation balance would be either $470,000 for the 3BR units and $625,000 for the 4BR condos. Hard contract will commence approximately 60 days after the reservation agreement is executed. Once the condo is reserved it will, most likely, appreciate during the construction process constituting profit for the buyer. The Phoenix Gulf Shores contracts are assignable meaning the condo can be sold prior to closing with a simple process.