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.
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.
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.
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.
ORANGE BEACH, AL — As talk in town swirls around massive towers planned at the only north-south intersection on beach road, just to the east a groundbreaking for a more modest tower, one years in the making, is planned.
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.”
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.
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.
ORANGE BEACH, Alabama — Developer Larry Wireman says BP gave a $37.2 million steroid shot to competitor Phoenix West II, and now he’s wondering why the oil company hasn’t done the same for his $375 million Turquoise Place condominium project.
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.
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.
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.
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.”
ORANGE BEACH, Ala. — BP PLC has paid Brett/Robinson $37.2 million to finish the 31-story Phoenix West II condominium tower in Orange Beach, and the developers plan a Wednesday topping out celebration at the project.
Fifty bank-owned condominium units at Holiday Isle on Dauphin Island will be listed for sale at prices from $210,000 to $269,000, according to Marion Laney of ACP Real Estate, which is marketing the units.
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.
Developers say that all but a handful of the 188 owners in Phoenix West II have signed releases agreeing not to sue BP PLC in exchange for a $37.2 million payment from the oil giant that will aid completion of the 31-story condominium tower in Orange Beach.
Prepare for a little sticker shock when booking your summer vacation. Condo rental prices are back where they were suppose to be in 2010 as Alabama’s gulf coast gets ready for an uncertain tourist season.
A four-bedroom, 5½-bath gulf-front penthouse condominium unit with two fireplaces in Opal in Orange Beach was purchased by out-of-town buyers for $1.4 million, according to Bob Shallow of REMAX Paradise.