Tagged : Gulf of Mexico

On Saturday, August 10th, the Wharf hosted the second annual "Top of the Hops" beer festival in Orange Beach, AL.  Crowds lined the streets waiting for the festivities which began at 4:00 p.m. officially, but we suspect some of the patrons had a head start.  Once inside guests of the event were treated to 175 different beers from 52 breweries.  The event took place under 4 large tents on the marina lawn.
Fairhope Brewing Company, Blue Pants brewery and Back Forty brewing Company were the in-state breweries featured in the Cask Garden serving unfiltered brews.  The Cask Garden was billed as the place where brewers could experiment with unfiltered, small batches and Dan Murphy from Fairhope Brewing Company served a cucumber juice beer that was probably the

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

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