Tagged : condo

Found 6 blog entries tagged as "condo".

AL Gulf Coast Over the Past Decade

Growth of the Alabama Gulf Coast beaches in Orange Beach and Gulf Shores AL

The AL Gulf Coast's stretch of white-sandy beaches is changing right in front of us.  Gulf Shores and Orange Beach has grown at record pace in the past decade.  In 2006, we published an article that discussed the amazing growth of the Alabama beaches when compared to other coastal areas.  (See image left from article)  This may be partially due to the low taxes, more available land, population density, etc.., but Orange Beach and Gulf Shores are different places today.  The Alabama Gulf Coast accomplished this by simply taking care of its resources and making tough decisions that weren't always based on popularity.  A prime example happened earlier this year.  In the Spring of 2016, there was a huge jump in

3,913 Views, 0 Comments

Aerial view of Caribe condos in Orange Beach ALThe Caribe Resort is by far one of the top condominiums on the Gulf Coast. Consisting of three towers and situated over-looking the beautiful Old River, the Pass and the Gulf. This resort has something for everyone! From the many outdoor and indoor pools, water slides, lazy river, tennis courts and putting green you will never be bored! The resort also has a marina. With large boat slips available, boaters can motor to the Gulf of Mexico within a matter of minutes;  Caribe is the closest condo to Perdido Pass and the entrance to the gulf.  If deep sea fishing is not your idea of fun, take your boat to Robinson Island, the locals favorite, which is located just before the Pass. If boating and water slides are not your thing, walk to the beach to put your

3,056 Views, 0 Comments

The Gulf Coast is experiencing a robust recovery. Tourism records set in 2011 were broken again in  2012 as visitors from across the country and the world flock to the Gulf Coast. The Gulf tourism industry  has seen a strong rebound in part due to BP monies. BP has supported the Gulf Coast tourism through  payments of:
• $179 million for state-led advertising campaigns • $7 million non-profit groups and government entities promoting tourism • A BP national advertising campaign that complemented these efforts to promote tourism along 
The Gulf Coast’s remarkably recovery is evidenced by:
• Taxable lodging revenue in Gulf Shores and Orange Beach set a new record in 2012, surpassing  the previous record set in 2011 by 15%. •…
1,610 Views, 0 Comments

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

8,992 Views, 0 Comments

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

2,382 Views, 0 Comments

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

2,162 Views, 0 Comments