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29842 Low Dr Orange Beach Alabama For Sale

Looking for a home in Bear Point?  You won’t find this one on the MLS! 29842 Low Dr, in the Bear Point neighborhood in Orange Beach AL. is fresh on the market.  The seller has decided to try to sell the home FSBO but is happy to work with buyer’s agents.  I would love to show and sell you this beautiful home!

Unlike any other home in Bear Point, the home is brick which helps bring favorable insurance rates.  Insurance on this home runs around $1800/year.  NO FLOOD required! Home is NOT in a flood zone!

29842 Low Dr. is just over 1600 sq ft, and 3 beds/ 2 baths.  The home has been COMPLETELY REMODELED and is absolutely adorable.  If you are looking for low yard maintenance you have a winner here.  The back yard patio area is worry free with beautiful river rock and landscaping and sprinkler system.  Indoors will delight with luxury vinyl tile through, granite counters, stainless appliances and fantastic fixture and lighting upgrades!   If you are looking in Bear Point for a one level home in a no flood zone, you have found it!

My number is 251-609-4434. Call or text and let’s get in to take a look today!

Give me a call today to set up your showing! List price: $399,000

 

Bear Point Home for Sale on Low Drive

Completely remodeled home in Bear Point for Sale

Luxury Vinyl Tile, Granite counters, and Stainless appliances in this remodeled Bear Point Home for sale

Easy yard maintenance in Bear Point

Learn more about the perks of living in Bear Point HERE.

Find the Bear Point Civic Membership, By-laws, and calendar of events information Here.

Give me a call today to set up your tour.

~Alisha

 

 

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Highest and Lowest Priced Waterfront Homes in Orange Beach

An overview of the highest and lowest priced waterfront homes currently listed for sale in Orange Beach Alabama

Each morning I like to pull the MLS hot sheets, look over new listings and acquaint myself with my market.  That’s what we do right? Well, another thing that is fun for me is to think of a certain niche and then research it.  Living and working in Orange Beach, the biggest and most sought out type of real estate is of course waterfront.  So today, I am highlighting the highest and lowest priced waterfront homes in Orange Beach currently for sale.

Now, if you search waterfront you will find many homes that are merely located  within waterfront neighborhoods. To me, this is not waterfront.  I hate when I do a waterfront search and all of these listings come up.  Because I then have to sift through to determine what is or is not actually true waterfront.  Annoying.  C’mon Agents! We can do better.  If it’s not true WATEFRONT, stop marking it as such in MLS please.

You will also find many homes that are one canals.  Yes. These ARE waterfront.  Many have boat slips and docks and access to bigger water.  Currently you will find many homes on canals listed for sale in Orange Beach starting in the $400k range.  THIS Post however, is highlighting the highest and lowest priced waterfront homes in Orange Beach that are on “big” water.  Or, what I would call big water.  Which is not a creek or canal or subdivision lake.

Without further ado and blah blah blah from me…

Lowest Priced Waterfront Home Currently for sale in Orange Beach:

*Listing provided by: Remax of Orange Beach

$649,900 | 3 beds, 2 baths | 2700+ sq.ft | Wolfbay / ICW Front | with Pool!

Highest Priced Waterfront Home Currently for sale in Orange Beach:

*Listing provided by: Remax Paradise

$3,900,000 | 8 beds, 6.5 baths | 7975 sq.ft | Ole River Front | With Pool & Everything Else Imaginable!

Highest Priced Luxury Waterfront Home in Orange Beach Alabama

If you are interested in either of these properties, or something in between, give me a call or text today and let’s find the perfect waterfront home in Orange Beach for you! ~ Alisha 251-609-4434

 

Looking for Something Else? Start your Search Here: (No sign up required) Just call or text me when you YOU are ready.

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Alisha Hileman, REALTOR ®
Goode Realty
251-609-4434

 

 

 

 

 

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Bear Point Home for Sale | 5393 Wolfhead Ave, Orange Beach

Bear Point Home for Sale | 5393 Wolfhead Ave, Orange Beach, AL

UPDATE: Just Reduced! Now only $374,900!  

3 Beds, 3 Baths 1410 Sq. Feet

About the Home:

This great Bear Point Home for sale is not in a flood zone and sits high and dry in  this desirable golf cart and waterfront community of Orange Beach, Alabama.  The home is only a short walk to the water and neighborhood park, swimming area and pier!  Bear Point offers a multitude of fantastic amenities (including neighborhood private boat launch, park, swimming pier, fishing pier, marina, restaurant and bar to name a few!)

Sit and enjoy the breeze from your large screened balcony.  Or chill and grill below the home in a perfectly shady area with convenient lower bathroom.   The back yard area is a nice private and peaceful getaway, with privacy fence, nice patio area and the sounds of the relaxing tranquility pond.

Inside the home you will find lovely wood floors, a nice open floor plan with large kitchen, stainless appliances, roomy bedrooms, and plenty of storage!

Worried about the stairs? No problem! This home comes complete with an elevator! No grocery toting worries here!

Contact Me for your private showing today!

Ready to find out more?  Give me a call or text and let’s set up your showing today!  251-609-4434

Bear Point Neighborhood Amenities

 

listing provided by: Amerisell Realty
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Agent Alisha’s Weekly Real Estate Deals| Foreclosures in Baldwin County (3.2.18)

Let’s Talk Foreclosures in Gulf Shores, Orange Beach and surrounding Baldwin County…

The days of hundreds of foreclosures to sift through are a thing of the past.  Although, it was not so long ago that we were able to have a fair amount to choose from in terms of the foreclosure availability in our area.  In fact, the variety of foreclosures was far and wide.  You wanted a beach condo foreclosure? No problem! You wanted a large tract of land- hold on let me send you the list.  Today however, not so much.

In fact, most recently when a distressed property or foreclosure hits the real estate market in Baldwin County the listing agent can pretty much expect to get in to a multiple offer scenario on day 1.  That is IF the price is right.  There have been a few foreclosures that I have noticed hanging around the market for longer than expected- which normally means the condition of the home is not worth the investment. With these properties, the buyer is looking at a complete rehab down the studs in some cases.

As of today the Baldwin County MLS is showing 25 foreclosures currently available out of over 6,000 listings.

There are two in particular that I believe will be a great purchase for someone.

210 Bay View Dr, Daphne {Lake Forest Foreclosure}

This home is currently listed at $149,000.  The home has 4 beds and 3 baths and 2050 sq ft.  This foreclosure has been listed for sale for 126 days.  I have personally showed this home a couple of times.  It is not in horrible condition at all.  However, I believe the draw back with this home is the 4th bedroom.  While this is the ONLY 4 bedroom in Daphne AL listed under $150k, (Next lowest priced 4 bedroom is currently listed by my Broker and is $169,000).  But the 4th bedroom in this foreclosure is more of a basement room.  There is a walk out to the back yard, and in my opinion- most people seeking a true 4 bedroom will not want small children to be so far away alone, and don’t want such an easy way for teenagers to sneak out! (Been there done that!)  Also- there is a bar-like area down there, which further makes this 4th bedroom much like a rec room.

HOWEVER, for an investor wanting to rent- this home will rent all day long in Lake Forest (My guess: $1400ish a month, maybe $1500).  Find the complete MLS listing info on this property HERE.

 

 

Listing Info Provided by Gulf Realty

4717 Osprey Drive, Orange Beach {Ono Island Foreclosure}

This beautiful foreclosure home on the exclusive Ono Island in Orange Beach has 3 bedrooms, 3.5 baths and 3105 sq. ft.  While the home might not be your flavor in terms of some of the interior paint choices, at $ 379k this is a great deal for an Ono home in otherwise good condition.  Like many Ono Island homes, this one is no different and also offers a pool – as an added bonus.

Currently there are 4 other homes on Ono Island priced lower than this one.  However, they are all AT LEAST 1000 sq ft smaller (and no pool).  There is one other 3 bedroom home with a pool currently listed at $497k (updated throughout!)

Because of these reasons- I believe this Foreclosure listing on Ono Island would be a great buy for someone! You can find the complete listing information for this foreclosure HERE.

Listing Proved by Orange Beach Sales Realty

Want the list of the other 23 Foreclosures currently listed for sale in the Baldwin County MLS? Want to have each Foreclosure listing sent to you as they hit the market?

CLICK HERE

(Pssssst…don’t worry! I won’t bug the mess out of you! I have a strict policy against that!)

 

 

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Agent Alisha’s Weekly Real Estate Deals in Gulf Shores & Orange Beach (2.23.18)

Waterfront Deals and Price Reductions!

This week, I have sifted through the 700+ listings in the Baldwin County MLS in Gulf Shores, Orange Beach, Elberta and Lillian that are considered waterfront properties in search of huge price reductions.  Obviously, a large reduction is asking price doesn’t necessarily constitute a good deal.  Oftentimes it just means that the seller was hoping to get more, wanted to give it a shot at a higher price at first, or maybe even was misled by their agent and encouraged a higher list price….OR the agent wanted the listing so badly they didn’t have the guts to tell the owner that the price they were wanting to list at wasn’t justifiable by current comps.  (This is topic for a whole other blog post…but in short- sometimes the truth hurts- but holding costs of a property over the course of a year is a larger loss than if the seller just got the price right from the beginning! Especially down here with insurance and HOA fees!) …Moving on 🙂

Sometimes- a large reduction can mean the seller is ready to move the property! I cannot speculate the motives behind the reductions I am going to spotlight in my post today.  But I will give some comps and see if the seller is now on the right path as far as market price to give you, the reader, a good idea if it is now a good deal or not.

Caribe C-811, Orange Beach, AL. MLS# 255720

Listing provided by Century 21 Meyer Real Estate

Caribe C-811 was listed (as of this writing) 228 Days ago.  The original list price for this 3 bedroom, 3 bath, 1796 square foot unit was $575,000.   As of 1/31/2018 the listing has been reduced to $540,000 making this condo the lowest priced C building unit at The Caribe Resort in Orange Beach, AL.

The Caribe Resort has 3 buildings, B, C, and D.  (I know…I always wonder about “A” also…)  Currently the lowest priced unit in the complex are 2 bedroom “B” units, starting at:  $449,000 for a 1400 sf unit.

The most recent comparable unit to C-811 closed for: $586,000 after 82 Days on the market.  This was a penthouse unit with the same floor-plan, originally listed at $639,000.

While the Penthouse unit that sold overlooked the bay side and Robinson and Bird Islands, the C-811 unit is on the opposite side of the building overlooking the lazy river and pool areas with unobstructed views of the Gulf.

You can find complete listing information on Caribe C-811 HERE.

Phoenix VII #1401, Orange Beach, AL. MLS#257688

 

Listing Provided by: Better Homes and Gardens RE Main

Since being listed 175 days ago, this Phoenix VII condominium unit in Orange Beach Alabama has been reduced a whopping $100,000.  Unit #1401 originally listed for $649,000.  It is apparent from the photos in the Baldwin County MLS that the owner has put a considerable amount of renovations into this unit, which is likely where the original list price came from.

I have been in hundreds of condos in Orange Beach and Gulf Shores, and have never seen one quite like this.  The brick walls and wood accents give this condo the feel of a city studio- but with awesome beach views!  While this look may not be what everyone is looking for in a Gulf Front condo, I really like it and I believe its unique style will help sell this unit.

 

Now, what do the comps say?  Currently, there are only 2 other units in Phoenix VII for sale, a ground floor and 8th floor unit.  Our subject property is located on the 14th floor.  The other two units are both 2 bedroom and 1064 sq ft. currently listed right at about $398/sq. ft.  While the subject unit #1401 is a 3 bedroom unit with 1394 square feet listed now at $393/sq ft. after the price correction.  Both of the other two units available are furnished and would be considered rent ready.  A buyer could easily spend $20-$30,000 furnishing a 3 bedroom unit (with high end furnishings that would match the beautiful upgrades already done to this unit).

There have been Four 3 bedroom units to close in Phoenix VII in Orange Beach since January of 2018.  Each of these closed between $303-$350/sq. ft. and were furnished.

Although there has been a drastic price reduction of $100,000 on this unit, it will probably still need to correct further.  Check out the full listing info HERE.

30400 Ono Blvd, Orange Beach, AL. MLS #253013

Listing provided by Bellator Real Estate- Ono

This Canal Front home located on Ono island has been listed for sale for 300 days now.  It started at $625,000 when originally listed but has since reduced the asking price to $535,000.  This home sits on the canal waterway through Ono Island that will lead to bays and bigger water.  If you are a boater you can certainly appreciate the convenience of owning a little piece of waterway!  This home is 3 beds and 2 baths and 1564 sq. ft.  For Listing info go HERE.

Although the price has been reduced 90,000- a neighboring canal front home on Ono Island has recently joined the market just 11 days ago at $469,900 (Also 3/2 and 1664 sq. ft- a very close comparable for an active listing). This newly listed home will likely put pressure on our subject to lower further should they be serious in selling.

Listing provided by Bellator Real Estate Ono- 32486 Sandpiper Drive, recently listed $469,900

Recent sold homes on the canal on Ono Island suggest the same.  There have been two recent Canal Front homes to sell on Ono.  Both of these comps are much larger and newer.  In December 2017 one of these homes sold at $243/sq ft (2790 sq ft.), while the most recent closed only 4 days ago after being on the market just at 100 days.  This home was 3320 sq foot with a pool and closed at $295/sq ft.  Given these numbers, the home recently listed on Sandpiper is right on the mark and should have no problem selling soon.

15698 Ft. Morgan Hwy, Gulf Shores, AL MLS# 252536

After being listed over 300 days, this raised Little Lagoon front home in Gulf Shores has made some serious price reductions.  The home originally listed at $535,000.  This is a recently remodeled 5 bedroom 4 bath home on 1.6 Acres with 3217 sq. ft.  As of today this property has been reduced $110,000 and now asking $425,500.  Full Listing Info can be found HERE.

Listing provided by RE/MAX of Orange Beach

Of the other homes that are currently listed for sale on Little Lagoon in Gulf Shores, this is by far the best priced per square foot, coming in at only $132 per sq. ft.  The next closest is $189/sq.  It is also the lowest priced period.  The next lowest priced home on Little Lagoon in Gulf Shores is $439,900 and 1200 sq. ft smaller. To see the homes currently available on little lagoon for sale go HERE.

As far as recent  Little Lagoon front homes to sell, the comps also deem this home located at 15698 Ft. Morgan Hwy a good deal!  There have been 3 true Lagoon front single family homes to sell in the last 90 days.  When I say “true” I am eliminating the new construction “Cottages” on the other side of the Lagoon, as they are not a good comp for a few reasons. 1) because they are new construction and not resale, and 2) because the “cottages” are not true waterfront (I believe two of them are). The rest line up perpendicular from the lagoon to the beach road which does not give them the beautiful unobstructed view that this home has.  Down here- the view is everything!

The last 3 sold comps on Little Lagoon sold for between $240/sf and $312/sf.  Remember! This guy is for sale for $132/sq ft and completely remodeled AND 1.6 Acres waterfront.  A good deal!

The Grander #12C , Orange Beach, AL MLS # 255714

The Grander is a complex located along the back bay area in Orange Beach.  The units sit on multiple levels, stretching their space up.  This unit now listed for $350,000, once had an asking price of $399,00 only 143 short days ago.  A $50,000 reduction in less than 6 months may suggest the owner wants to move this thing!  If you are a boating enthusiast you may find this to be a good deal, as this gated community not only has a beautiful pool on its bayfront grounds, but you will also have an assigned slip with boat lift with this unit as well!

Anyone who knows what the cost of JUST a boatslip is down here- know’s this is a pretty good deal for the size, ammenities, location and slip!  HERE are the 3 available boatslips for sale in Orange Beach currently.

Listing Provided by Realty Executives Gulf Coast

Full Listing details can be found HERE for The Grander Condo #12C.

Now for the comps. There are currently 3 other units for sale in The Grander Condos in Orange Beach.  All 4 of the units are 3 bedroom units.  The other 3 are ranging from $409,000-$428,000 list price.

There have not been any recent sales in this complex since the crash when most of these units were scooped up in 2011.  So as you can imagine- should the owners decide to list and are able to sell now that the prices are up- it will be a great deal for them!

Recent bayside condo sales in Orange Beach with amenities and boat slips have ranged in the $230-$325/sq foot range, so give me a call and  scoop this one up at $172 a square today!

If any of these waterfront deals interest you, or you have any questions- please don’t hesitate to call!

 

 

 

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Agent Alisha’s Weekly Real Estate Deals in Gulf Shores, Orange Beach

 

 

Agent Alisha’s Weekly Real Estate Deals in Gulf Shores,

Orange Beach

While prices continue to increase and condos and homes along the coast in Gulf Shores and Orange Beach are being bought up quicker than inventory can be replaced, rest assured you can still find Real Estate Deals in Gulf Shores, Orange Beach!  But because of market conditions be prepared to act quick! When a deal is spotted they don’t last long.

Below are new listings in Gulf Shores and Orange Beach that have arrived on the market in the last week (with the exception of one!), and are considered good deals in my opinion.

If you see anything you are interested in- don’t hesitate to call or text and I will make sure it is still available and obtain any information you would like!

35064 Boykin Blvd. Lillian, AL | Affordable  Wolf Bay

Front Home

While not technically in Gulf Shores or Orange Beach, this real estate deal is a short boat trip to Orange Beach and because it’s a waterfront home for sale you could easily have your boat with you at this home!  I have placed this property located at 35064 Boykin Blvd. in Lillian on my weekly Gulf Shores and Orange Beach Real Estate Deals list, because- although the home will need some updating- at $275,000 for this waterfront property, it is a great price with a 2 bedroom 2 bath home on the lot.  There are other vacant lots similar in size on this same road priced for $275,000 without a structure on the lot.  This is a great opportunity to own “big” waterfront! Upgrade or add on to the home and have the perfect boater’s dream and weekend getaway!  I have no doubt this property will go fast. For full listing information click HERE.

listing provided by: Key Concepts Realty Inc.

Royal Gulf Beach & Racquet #5601 at The Plantation,

Fort Morgan Gulf Front Condo:

This studio condo with Gulf Front views down Fort Morgan is a real estate deal in my opinion for a couple of reasons. 1.) It is currently the LOWEST PRICED Gulf Front Condo available in both Gulf Shores and Orange Beach.  While Fort Morgan is a jaunt from the buzz of the Gulf Shores beach front, it is gaining popularity for this exact reason.  Many people want to come to our beautiful gulf coast in Gulf Shores and Orange Beach and enjoy it how they used to.  The Fort Morgan area is much more private, less crowded and a great opportunity for a beautiful beach getaway.  This condo is not desolate though, as it is located within The Plantation Condo complex.  The Plantation is packed full of amenities, boasting of a number of outdoor pools, and indoor pool, game room and fitness area for owner s and guests to enjoy.  Because of these reasons, these condos rent very well.

Whether it is an investment you are looking for, or your own private beach condo (or a little of both), Consider this studio sized condo listed at $139,900. Although the condo is small, it will sleep 5, making this a great fit for a family on a budget, or someone who wants to own Gulf Front without all of the dollar signs. With the Gulf Front view this condo is a great deal.  For complete listing info click HERE.

listing provided by RE/MAX of Orange Beach

6742 Beach Shore Dr., Gulf Shores, AL | Gulf Front

Home for Sale:

This direct Gulf Front Home for sale in Gulf Shores makes my weekly Gulf Shores and Orange Beach real estate steals and deals list because the asking price is under 1 Million dollars.  In fact, the owner is asking only $850,000 for this large 5 bedroom 3 and 1/2 bath direct Gulf Front home.  The owner rents this home 10 months out of the year and is able to pull just over $50,000 gross rental income.  The next lowest priced  5 bedroom Gulf Front home is priced at $1.2 Million.  This home is not available on MLS, for more information and more photos please email me directly: Alisha@MyAgentAlisha.com or text or call for more info: 251-609-4434

 

1288 Hwy 180, Fort Morgan | Gulf Front on 4 Acres:

An acreage on The Gulf?  For Under 1 Million? With a Home on it?  Yes! Yes! Yes!  Tell you more you say?

That is right, this Gulf Front home is located just before the historical Fort Morgan at the end of US State Hwy 180.  The home sits on an over-sized Gulf Front lot totaling 4 acres!  While you cannot walk down the steps and place your toes directly on the beach, you do have the stunning Gulf views and your own private walkway through the dunes to the beach, and all of the wonderful Gulf environment and wildlife that comes with it!

This home is 3 beds, 2 baths and 1600 sq ft.  The list price is a bargain at: $660,000!  Think this may just be the private oasis you have been searching for? Full listing details HERE.  Give me a call for more info today! 251-609-4434

listing provided by Re/Max of Gulf Shores

Moonraker #11, Gulf Shores Beach Side Condo For

Sale:

This 1 bedroom condo for sale in Gulf Shore is currently the lowest priced “beach” condo available at $109,500.  If a direct Gulf View isn’t a must, this conveniently located condo across the street from the beach may be just up your alley.  Moonraker is an easy walk to it’s own Gulf access across the street, or to any number of nearby shops, popular restaurants, and beach front festivals like The Hangout Festival or Annual Shrimp fest!

This complex is not only convenient to everything but also has assigned parking, laundry facilities, and a pool to enjoy while you aren’t at the beach!  Find full listing details HERE.

listing provided by Roberts Brothers Inc. Gulf Coast

Didn’t see what you were looking for?  I would love to help! Call, Text or Email!  Easily subscribe to receive new blog posts via email notification, just scroll to the bottom of the page and add your email to the blog subscription section.  Watch for new Gulf Shores and Orange Beach Deals and Steals blogs weekly.

~Alisha

 

 

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Turquoise Place Penthouse for Sale

Turquoise Place Penthouse for Sale

Updated 7/1/2020 — Unit is still for sale, List price: $3,299,000

(Updated 9/5/2019)— Unit is still available! If you don’t care to read all the history and fluff, you can go ahead and CLICK HERE to see all of the details of this awesome Turquoise Place Penthouse listed for sale below!

The Mack-Daddy of all Orange Beach Penthouses!

It is no secret that my favorite condo complex is Turquoise Place in Orange Beach!  I write about it a lot, I’ve studied it a lot.  When I found this particular luxury penthouse condo available for sale in Orange Beach, I had to share it!

But first a little back story and history on Turquoise Place Condos in Orange Beach Alabama…

 Although Turquoise Place is flourishing now- the complex had a rough go at the beginning as construction was just being completed (2008) when the Real Estate market was about to crash.

Sales were slow, and many of the people who had put deposits down on these pre-construction units were finding they were having to forfeit their units as financing was no longer available or they could no longer afford the unit at the 1-2 million dollar price tag.

BP Oil Spill Effects on the Alabama Gulf Coast:

Then… the BP Gulf Horizon Oil Spill happened.  And it spilled….and spilled and spilled.  Oh what kind of cruel timing was this?  If it weren’t enough that the housing bubble burst on a national level, NOW- on a local level we were dealt the worst hand possible.  It was like BP just came and took a big old dump on all of us.  And they pretty much did.

The beach communities of Gulf Shores and Orange Beach are almost entirely dependent on travel and tourism for revenue.  The majority of employment is hospitality driven.  Without tourists to eat, shop and stay- there is no money to pay for employees.

Suddenly there were hundreds of foreclosures in our area.  Thousands of jobs lost.  Businesses were going belly up.  These issues don’t even hit on the environmental destruction- the loss of life, ecosystems destroyed.  It was a sad and difficult time for everyone on this little stretch of sand in Alabama.

The Rich get Richer.

BUT- the investors who were still able to get their hands on the cash to invest in our area bought up the foreclosures, and the distressed properties left and right.  A lot of great deals were picked up during that dicey time in Gulf Shores and Orange Beach.  But the deal that the Turquoise Place was offering on its developer units takes the cake.

Turquoise Place Developer units were listed at $925,000 during that time. The list price of $925,000 was slashed by $200,000 in the form of a tax credit on the HUD.  I’m no accountant, but a $200,000 tax credit sounds like a pretty good deal.  In addition to that remarkable price other incentives were offered to buyers including deals on HOA dues, furniture packages, guaranteed annual rental incomes etc. Read more about it here…
So. Here we sit only 8 years later.  These Turquoise Place owners can only be grinning from ear to ear now, as prices have went back up over 1 Million dollars to own a luxurious Turquoise Place Condo in Orange Beach.

My post took a turn down a rabbit hole…

But I thought some background for anyone who didn’t know would be nice to share.  Back on track.  I found this unit the other week while researching the most current sales in Turquoise Place.  Out of all of my years of research of these two magnificent towers, I never knew this insanely awesome Penthouse unit in Turquoise Place even existed.

Behold, in all of it’s glory:

26302 Perdido Beach Blvd. #PH2304

Current List Price: $3,299,000

5 bedroom, 5 1/2 baths

5700 sq. ft. with 8,000 sq ft Balcony

Click below for complete MLS details on the Turquoise Place Penthouse for sale:


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Sidenote: Clearly, THIS WAS NOT one of the investors that purchased their Turquoise Place condo at the $725,000 list price.  That price was specific to a particular couple of stacks in the 3 bedroom floorplan.  I just thought it would be a fun piece of information to share.  

Okay… So Where are all my High Rollers? If this 3.2M Turquoise Place Penthouse is Right up your Alley, Let’s Chat!

To Qualify and Schedule a Showing for this Luxury Penthouse condo in Turquoise Place in Orange Beach Alabama give me a call: 251-609-4434 or email: alisha@myagentalisha.com

Search all Turquoise Place Condos for Sale Below:


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Looking for something else?  Here are a couple more popular Orange Beach Real Estate Searches:

 

ALL Orange Beach Condos for Sale
Orange Beach Condos Gulf Front
Orange Beach Condos Near the Beach
Orange Beach Condos with Boat Slips
Orange Beach Condos with Lazy Rivers

Looking for something else altogether? Have questions? I’d love to help. Reach out anytime via phone, email, or text!

 

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Ultimate Guide: Income Producing Condos | Gulf Shores and Orange Beach | Part III

The Guide to the Alabama Gulf Coast Top Income Producing Condos

Now for the Top Dogs!  The Highest Income Producing Condos in Gulf Shores & Orange Beach:

In the first part of my series: The Ultimate Guide to: Top Income Producing Condos in Gulf Shores Orange Beach Parts One and Two– I went over Top Income Producing 1 Bedroom Condos.  1 Bedroom condos that are used as rentals and as an investment are often a good start.  People who have never invested in a vacation rental or who may be looking to build of portfolio, or own a number of units in different buildings and different areas along the beach.  Any good investor knows about diversification right?

This post will be going over the other end of the spectrum.  The TOP TOP Income Producing Condos.  Again my numbers are pulled from various area rental management companies and the income they have witnessed on their various programs.  Also- please remember: The numbers they have given me are BEFORE their management fees are taken out.  The varying rental companies have varying services, portfolios, and fees ranging from sometimes 15-25{21fd5c4e01e29521095b8da75d82adfac7b7b997f9f72aa45032cd25125086c0}.  That will be content for another post- Coming Soon!

But Before I go on, Let’s Recap on a Few important things to consider when investing in a condo at the beach:

Point to remember when investing in a condo

#4 and #5 both Show Approximately $70,000 Gross

Annual Income:

  • The Avalon at The Beach Club Gulf Shores
  • Legacy Condo in Gulf Shores

Both units contain 5 bedroom and 5 baths and sleep 10-13.  Although both condos are technically located in Gulf Shores, they could not be more different.  While Legacy is located not far from the heart of Gulf Shores, The Beach Club is located down towards the end of the Fort Morgan Peninsula- a good 30 minute drive from the public beach area of Gulf Shores.  Preference is completely based on personal wants and needs, and by the income producing potential of both- there are large numbers of vacationing families that see the value in both locations.

The Beach Club- Avalon Building, Gulf Shores (Fort Morgan)

The Beach Club consists of 3 buildings: A, C, & D.  Avalon, Catalina, and Doral.

There was a one bedroom unit highlighted in my blog post about top income producing 1 bedroom condos- You can find that post here.

The Beach Club is like it’s own self contained little community, and it almost has to be- since it is located so far off of the beaten path.  But many many people swear by this complex and wouldn’t go anywhere else.  Loads of amenities, restaurants, shops etc can be found at The Beach Club.

Unfortunately there are not currently any of these 5 bed 5 bath income producing machines available for sale.  But there have been 2 to exchange hands in 2017.  Avalon Unit # 2003 (2809 sq ft ) selling for $ 675,000 and Avalon Unit # 1905 ( 2636 sq. ft) selling for $700,000.  Fees on these units run around $860.

I like a good challenge.  If you want to get your hands on one of these units- don’t let the lack of availability stop you! Call me, email me- I will find you a seller!   You can also keep your eye on Beach Club units for sale here.

Legacy Condo – Gulf Shores:

Even more elusive than the 5 bedroom Avalon is the 5 bedroom Legacy Condo in Gulf Shores. A unicorn if you will.  Again, there are not currently any 5/5 units available for sale- in fact in this condominium there are only 2 units of this layout.  The Penthouse floor is shared on the 8th level by 2 units- each a 5 bedroom unit.  The last time a 5 bedroom Legacy exchanged hands (according to the Baldwin County MLS)- was 2011!  The unit was purchased with cash as a foreclosure. Sale price: $400,000.  Keep an eye out for Legacy listings here:

Sounds like another challenge to me!

 

#3: Phoenix West Orange Beach: $90,000 Gross

Income Potential.

 

 

Phoenix West in Orange Beach is a popular building for visiting families and the rental numbers show that.  With possible gross income of up to 90k for the 4 bedroom 4.5 bath units (2459 sq ft), there is good investment potential.  The amenities include indoor and outdoor pools, lazy river, kiddie pool, hot tub, sauna, waterslide, tennis and more.  The monthly fees are published at about $1100 for the 4 bedroom units, and $950 for the 3 bedroom (1958 sq ft unit).

At the time of this writing there were currently Four 3 bedroom units for sale ranging from $634,000 to $760,000. And one 4 bedroom 4.5 bath unit available for purchase: $959,900 which has now been on the market for the last 427 days.

There have been 17 units to close thus far in 2017. Of those, 16 Three bedroom units ranging from $634k – $760k.

1 Four bedroom unit: Selling at $964,000 after about 8 months.

Check current Phoenix West condos for sale HERE.

#2: Oceania Condo Gulf Shores: $105-110k Gross

Income Potential

Oceania is a very unique condominium complex in Gulf Shores.  It is very low density offering tremendous peace and tranquility over your higher traffic condos.  Oceania offers only one unit per floor with the elevator opening to your own private foyer- a personal code is required for the elevator to open up to your unit.

There is an indoor/outdoor pool and hot tub and fitness center and fees run approx: $1100.

With each floor your own private oasis, as you can imagine, the floor plans are quite expansive.  Typical floors  contain nearly 4000 sq feet, while the Penthouse boasts of over 5200 sq feet!

You can see a continually updated list of units for sale here.

But at the time of this writing there are currently Four 4 bedroom units for sale (3970 sq. ft floorplan): Prices Ranging from $1,150,000 – $1.3M.  The Penthouse unit is also currently for sale (5221 sq. ft, top level unit) Listed for: $2.2M.

There has been only one unit in Oceania to sell so far in 2017.  It was a standard 4 bedroom unit, listed and sold for the asking price of $1,115,000 after only 5 days on the market!

 

Oceania Condo in Gulf Shores

#1: Turquoise Place Orange Beach: $80-140k Gross

Income!

Turquoise Place Condominiums in Orange Beach Alabama are certainly the Creme dela Creme of Condos along the Alabama Gulf Coast- Even though they were built in 2009, they are probably still the finest (IMO) around.

 

Turquoise Place Condos in Orange Beach For Sale

 

 Currently For Sale in Turquoise Place: (For an Updated and constantly

Current List, Click HERE& HERE).

10: 3 Bedroom, 3.5 Bath Units (2300 sq. ft) Ranging in price from: $1,075,000 – $1,300,000.  The Average Days on the Market for these units, also ranges greatly from 30 to 600.

There are also: 5: 4 Bedroom 4.5 bath Units (3500 sq ft) ranging in price from: $1,600,000- $2,199,000. Average days on the market from: 90 days to 604 days.

There are 2 Penthouse Interior units for sale (4756 sq ft)- Priced @ $2,650,000 and $3.2M.  The 900 sq. ft balcony on this bad boy is larger than most 1 bedroom beachside condos on the market!  But WAIT! If you think that’s impressive, what about a Turquoise Place condo with a balcony alone of 8,000 square feet?!!  You’ve got to see it to believe it-

Currently for sale: The D Tower Penthouse! Current list price: $3,728,500.  5 beds, 5 and a half baths- 5700 square feet inside and 8,000 sq ft balcony with an additional detached suite that conveys along with this unit! Below shows the location of the Penthouse unit in the D tower (West side tower) as well as the extraordinary balcony!  Click HERE for the full listing info and photos.

Turquoise Place has an outstanding amenities package with multiple outdoor pools with zero entry, lazy river, fountains, indoor pool, hot tubs, tennis courts, large fitness center, Life Size Chess, tiki bar and on and on.  Each individual balcony has its own hot tub and gas grill to accommodate even the most discriminate of guests!

Of course with a large amenities package, plush grounds and exquisite finishes, fees will be heftier than your normal everyday run of the mill condo association.  Turquoise Place fees range from: $1000-$2200.

What about Recent Sales at Turquoise Place?

As of this writing the most recent sales include:

11 total sales in 2017 thus far. Of those sales, 9 of them were the 3 bedroom 3.5 bath floorplan.  Selling prices range from $985,000 in Sept 2017 (Only 18 Days on the Market- because this one was priced to SELL!) to top sold price in 2017 for that 3504 sq ft floor plan being: $1,070,000.

The two 4 Bedroom units that sold in 2017 were in January and February. Selling prices of: $1,495,000 and $1,750,000.  The unit that closed for $1.7M had been on the market for 764 days and was originally listed for $1,895,000.  The other unit only sat on the market for 75 days before closing for it’s asking price.

Want more info? I have a sales packet of additional information I will gladly send.  Please email me and I will send you the digital package.

I have been researching the Turquoise Place condos in Orange Beach for 8 years now and would gladly help you with a purchase or sale of your unit, OR answer any questions you may have.

 

Ready to start looking for your very own TOP INCOME PRODUCING condo? Give me a call- Let’s see what we can dig up! Better yet, wanna be a rockstar? Let’s make an offer on that Turquoise Place Penthouse!

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