Category Archives: Condo Sales

Building busy in Gulf Shores, but not booming – GulfCoastNewsToday.com: News

August 21, 2015

GULF SHORES, AL — It’s like deja vu all over again.

Back in the post-Ivan years when building and rebuilding was big business in Gulf Shores and Orange Beach, several new subdivisions were staked, planned and approved.

In the post-boom bust, however, many of those subdivision plans were put aside as interest and the economy waned.

Now they are making a comeback, City Planner Andy Bauer says.

While Gulf Shores isn’t seeing the same level of interest and activity in the hotel or condo markets as neighbor Orange Beach, the single-family housing market is very active.

via Building busy in Gulf Shores, but not booming – GulfCoastNewsToday.com: News.

Take in the view of Alabama’s Ono Island, bask in luxury at Bella Luna’s Penthouse 12 | AL.com

August 19, 2015

What do you get for a condo unit north of a million bucks in Orange Beach? Well, you get walking distance of the Flora-Bama Lounge and Package in Perdido Key, Fla. You also get one of the best vistas on the island. The Penthouse at Bella Luna in Orange Beach, Ala. just yards from the Alabama-Florida state line is currently up for sale for $1, 250,000. Bella Luna’s Penthouse 12 state of the art environment is one that is contemporary, elegant, warm and relaxed.

via Take in the view of Alabama’s Ono Island, bask in luxury at Bella Luna’s Penthouse 12 | AL.com.

Orange Beach mayor, sick of clogged traffic, talks building halt | AL.com

July 18, 2015

With condominium development pressing on the beach and new residential projects dotting its back-bay areas, Orange Beach has reached a tipping point, according to Mayor Tony Kennon.

Unless the city gets traffic relief, he said, “We’re really going to have to start considering a building moratorium of some kind.

“He said that the summer gridlock is putting the city’s quality of life under siege.

via Orange Beach mayor, sick of clogged traffic, talks building halt | AL.com.

New high-rise condo developing in Perdido Key – WEAR – Pensacola Top Stories – ABC

July 17, 2015

Perdido Key is getting a new high-rise condo.

Developers broke ground on the 60-million dollar project Thursday morning near Johnson Beach State Park.

This could herald new growth spurt for the Perdido Key area.

Construction is beginning on the first condo to go up in more than 10 years.

The condo that used to be here was destroyed by hurricane Ivan in 2004. After that people were afraid to build for awhile.

via New high-rise condo developing in Perdido Key – WEAR – Pensacola Top Stories – ABC.

Plans for 140 condos, 77 homes to go before Orange Beach Planning Commission on Monday – GulfCoastNewsToday.com: News

July 11, 2015

ORANGE BEACH, AL – The Orange Beach Planning Commission will have a full slate on Monday, July 13 with discussion planned for a 114-unit condo project on the beach, a 26-unit condo project on Terry Cove and a 77-cottage residential development behind the Village of Tannin on the beach highway in west Orange Beach.

via Plans for 140 condos, 77 homes to go before Orange Beach Planning Commission on Monday – GulfCoastNewsToday.com: News.

Growth going up, up and away in Orange Beach – GulfCoastNewsToday.com: News

July 01, 2015

ORANGE BEACH, AL — As talk about traffic swirls and snags develop daily on Orange Beach roads, growth is continuing at a fast pace in the city. Since Jan. 1 the city has issued 48 building permits.

“We’re as busy as we’ve been since the boom right after Ivan in ’06 and ’07,” Lannie Smith, Orange Beach’s Building Official, said.

via Growth going up, up and away in Orange Beach – GulfCoastNewsToday.com: News.

Brett/Robinson plans new 21-floor condo in Orange Beach at former site of proposed Junonia tower | AL.com

May 27, 2015

Riding the wave of renewed investment on the Alabama Gulf Coast, Brett/Robinson Real Estate and Development Co. is planning its 21st condo project.The Orange Beach-based company already has work underway on the 22-floor Phoenix Gulf Shores on West Beach Boulevard and now has plans to build a 21-floor Phoenix Orange Beach on a roughly 2.75-acre lot it purchased for $5.5 million.

Brett/Robinson plans new 21-floor condo in Orange Beach at former site of proposed Junonia tower | AL.com

via Brett/Robinson plans new 21-floor condo in Orange Beach at former site of proposed Junonia tower | AL.com.

Long-suffering Perdido Dunes Tower hits another snag – GulfCoastNewsToday.com: News

April 28, 2015

ORANGE BEACH, AL – Developers of a new 12-story tower, well within the zoning height allowances, are facing a new problem with the width of the project at ground level.

Three owners trying to rebuild on a spot where an eight-condo complex destroyed by Hurricane Ivan in 2004 once sat, had hoped site work would be under way by now. But after a recheck of surveys the city believed the 20-foot setbacks from the east and west sides of the property were out of whack.

The city then notified Perdido Dunes Tower it intended to revoke the permit, but the owners filed a lawsuit before the revocation to stop the city from stopping their project.

via Long-suffering Perdido Dunes Tower hits another snag – GulfCoastNewsToday.com: News.

Orange Beach Tower Could be State’s Second Tallest

April 07, 2015

Flying along the beach front it’s easy to see what brings thousands to this part of the gulf coast. It’s also easy to see where most of them stay. A wall of condo’s line the landscape.

There are a few breaks in the wall. One of those breaks could be home to an ambitious project, the Ascension and Grace condo towers.

“Property’s like this, you don’t get a chance very often to have this in your community.” Robert Stuart chairs the planning commission that approved the project. “They by right could build two 26 story towers. They would have been much wider and would have taken a bigger footprint of the property instead of spreading out and going wide they are going up.”

via Orange Beach Tower Could be State’s Second Tallest.

Traffic study delays Orange Beach council review of proposed 36- and 37-story condo towers | AL.com

April 03, 2015

The state highway department’s review of traffic plans for the proposed 37-story Ascension and 36-story Grace condominium towers in Orange Beach has delayed the City Council’s vetting of the project.

In January, the Orange Beach Planning Commission voted unanimously to recommend council approval of the master plan and the preliminary planned unit development zoning for what could become the second- and fourth-tallest buildings in Alabama.

via Traffic study delays Orange Beach council review of proposed 36- and 37-story condo towers | AL.com.

Orange Beach towers given preliminary approval – GulfCoastNewsToday.com: News

January 14, 2015

ORANGE BEACH, Ala. — The stories keep piling up in the bid for a planned unit development that would be the tallest beachfront resort in Alabama. Initial reports were the towers planned near the only north-south beach intersection in OrangeBeach would be 35 and 36 stories. By the time it was presented to city’s Planning Commission that was bumped up one each to 36 and 37.

via Orange Beach towers given preliminary approval – GulfCoastNewsToday.com: News.

Condo sales on upward trend on Alabama Gulf Coast | al.com

May 02, 2012

ORANGE BEACH, Alabama — What a difference a year makes in condominium sales.

A three-bedroom, gulf-front condo unit in Orange Beach's Phoenix 10 sold for $384,000, a jump from $330,000, according to Tina Maynard of REMAX of Orange Beach.

“That's really good news for the sellers,” she added. “I keep telling my buyers that the bottom has gone.”

via Condo sales on upward trend on Alabama Gulf Coast | al.com.

Baldwin real estate business worked until 'world was rocked' by bad economy, witness testifies | al.com

December 15, 2011

MOBILE, Alabama — Lance A. Collins moved from Georgia to Baldwin County in 2002 with dreams of going into real estate or restaurants, according to his testimony today at his sister’s mortgage fraud trial.

“And I really didn’t want to cook fish,” said Collins, who has pleaded guilty to federal criminal charges and awaits sentencing.

via Baldwin real estate business worked until ‘world was rocked’ by bad economy, witness testifies | al.com.

Former Gulf Shores condo owner testifies he got only 2 loan payments from defendant | al.com

December 14, 2011

MOBILE, Alabama — A former Gulf Shores condominium owner testified today about his experience selling his vacation home to a woman standing trial on federal mortgage fraud charges.Fred Lackey, who is the special assistant to the president of the University of Mobile, told jurors that Melissa Gulledge made an offer to buy the condo at 400 W. Plantation Drive in late 2006 for $330,000. Lackey testified that the deal included a seller-financed second mortgage.

via Former Gulf Shores condo owner testifies he got only 2 loan payments from defendant | al.com.

Perdido Key condo auction draws 81 bidders; 11 sold | al.com

August 02, 2011

PERDIDO KEY, Florida =- Eleven condominium units in the upscale Florencia on Old River in Perdido Key sold at absolute auction for a total of $3.35 million this past weekend, according to the National Auction Group based in Gadsden.

The event drew 81 registered bidders from 10 states including New York, Michigan and Texas. Each bidder was required to submit $35,000 via check or certified funds.

via Perdido Key condo auction draws 81 bidders; 11 sold | al.com.

Let’s make a condo deal at the Gulf; cash buyers flock to coast | al.com

June 12, 2011

GULF SHORES, Ala. – Pete Vakakes just sold 2 condominium units in Crystal Tower for $219,000 and $229,000, where 2-bedroom units in the Gulf Shores complex originally sold for $450,000 each.

“All the people that got shut out when prices were crazy, are coming back in the market,” said the agent at REMAX of Gulf Shores. “We’re seeing a lot of cash buyers. People are cashing in their CDs or stocks.”

via Let’s make a condo deal at the Gulf; cash buyers flock to coast | al.com.

Orange Beach makes worst list | al.com

February 13, 2011

Just as some agents report that resort sales are picking up, Orange Beach has been ranked the 10th-worst housing market for 2011 by a national forecaster.

Property values are projected to drop by 9.3 percent in the city on Alabama's Gulf coast, according to a list of the 25 most troubled markets compiled by housingpredictor.com. The report cites reasons including the BP oil spill, the overall economy and foreclosures — none of which help a mostly second-home or vacation market.

via Orange Beach makes worst list | al.com.

Orange Beach developer plans to sell Turquoise Place condos at $200,000 discount | al.com

November 21, 2010

Orange Beach developer Larry Wireman plans to discount 10 Turquoise Place condominium units by $200,000 to sell them, then file a claim for loss of value due to the Gulf oil spill.

He has contracts to sell 10 upscale gulf-front units in the 36-story Turquoise high-rise in Orange Beach for $725,000 each, a 21.6 percent drop from the $925,000 asking price, he said.

via Orange Beach developer plans to sell Turquoise Place condos at $200,000 discount | al.com.

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