Tagged : condominium

Found 3 blog entries tagged as "condominium".

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

8,944 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

2,152 Views, 0 Comments

The Alabama / Florida Gulf Coast is home to a variety of properties.  We'll discuss some of the better investment condos in this article.  The majority of the best pure investment condos are in Alabama;  Perdido Key is more of a second home market with many of the condos being rent restricted.  We'll consider the primary criteria for an "investment condo" as cost versus annual rental income generated.


We'll start with the West Beach area of Gulf Shores, AL which is rich with great income producing gulf front condos.  Some things to consider are the amenities.  An indoor pool for example, is a great amenity because off season guests like to have the opportunity to swim and most of the gulf side pools and the gulf are too cold for swimming.  Crystal

2,524 Views, 0 Comments