Orange Beach/Gulf Shores auction with 30 condos to sell at absolute auction. Seamitchell Team can help you with questions and details. The complex is designed with families in mind, owners may choose three bedroom units that sleep up to 10, two bedrooms that accommodate up to six and single bedroom units that sleep four. Owners can look forward to an array of private amenities, including a beach side gazebo, boardwalk, indoor and outdoor pools and fitness room complete with sauna, steam room and spa. For photos of the resort amenities we can provide both indoor and outdoor pools, a hot tub, fitness center, sauna and steam room, an indoor activity area, a water playground and barbeque grills, and The Shores' treasured Landmark Gazebo. The solid concrete construction is designed to sustain minimal damage in the event of a hurricane. Call Today for auction units offered from the developer. Contact us to sign up and for additional information. e-mail us at www.seamitchell@seamitchell.com or visit our web site at www.seamitchell.com

More Details Click Below:

http://seamitchell1.vflyer.com/home/flyer/home/2570117

Orange Beach, developer settle on Turquoise Place public benefits

Ryan Dezember, Press-RegisterOrange Beach officials and the developer of the Turquoise Place condominiums have agreed to a public benefits package that will net taxpayers nearly 6.5 acres on Cotton Bayou as well as a public beach access and $400,000.

ORANGE BEACH, Ala. -- With the second Turquoise Place condo tower nearing completion, its developer and city officials have reached an agreement on the package of property and cash that will be given to the public in exchange for the zoning that accommodated the 300-foot-plus structures.

Under the agreement, developer Larry Wireman will give the city nearly 6½ acres on Cotton Bayou's southern shore, a 90-foot-wide public beach access on the west side of the towers, and $400,000 for capital improvements.

The council won't likely vote to approve the deal for two weeks after tabling the matter at its Tuesday meeting. The developer and his lawyer asked that it be delayed while minor issues regarding legal descriptions of the property and easements are worked out, said Vince Lucido, an engineer who is working for Wireman.

Before 2006, when state legislators approved a system for collecting impact fees from developers in Baldwin County, Orange Beach officials extracted "public benefits" from developers in exchange for flexible zoning that would accommodate projects that otherwise wouldn't fit local land-use laws.

Originally Wireman had planned four towers and promised up to 16 acres on Cotton Bayou, the beach access and money to build park improvements like bike racks, barbecue grills and bathrooms as well as a small fire station across Ala. 182 from Turquoise Place. In a slumping market, however, Wireman scrapped his plans for the second pair of towers, prompting renegotiation of his public offerings.

The Palms in Orange Beach, Alabama

 

We have a National Seashore, a wildlife refuge, hiking trails, gorgeous beaches, golf courses, great tennis, boating, shopping, sailing, jet skiing, snorkeling/diving, biking, theme parks, shelling, surfing, wildlife viewing, spas, museums, restaurants, parasailing, swimming, windsurfing, fishing...... and the list goes on and on. Join us! The Alabama Gulf Coast attracts the investor who is looking for all of this and more... If you are interested in investing in a condo, I would be happy to speak with you. My experience, training, market knowledge, contacts and enthusiasm can help you accomplish your objectives finding just the right condominium, should you be considering the option. Tell me... 1.) What area would you like to receive listings in? Either Gulf Shores or Orange Beach or does it matter? 2.) How many bedrooms and baths would you like? 3.) What kind of special amenities would you like? On the beach? Gulf front? 4.) What is the MAXIMUM you would like to spend? 5.) How soon would you consider buying a condo?

Turquoise Place renting 90 units

Developer says having portion off market makes 45 remaining condos easier to sell Sunday, May 10, 2009 By KATHY JUMPER Real Estate Editor

The owners of 90 units at the 24-story Turquoise Place in Orange Beach have furnished and are now renting the brand-new units, according to Rich Richardson of Spectrum Capital, based in Jackson, Miss.

Spectrum paid about $45 million for 90 of the 181 Gulf-front units, according to court records.

Spectrum is the real estate arm of Yates Cos., the contractor that built Turquoise Place on Ala. 182 in partnership with developer Larry Wireman of Orange Beach, Richardson said.

About 46 units have been sold and the owners have moved in, Wireman said. The 90 are in rentals, and the remaining 45 units start at $1.2 million, according to Wireman, who also developed Caribe Resort in Orange Beach.

In 2005, the units presold for an average $1.5 million, with the 6,000-square-foot penthouses averaging $5 million.

Offering the 90 units for rent "is a good thing," Wireman said last week. "They are off the sales market. It makes the rest of the units a lot better. We're not sitting there with 100 units to sell."

"The condo market is changing, and we have to adjust with the times," Richardson said. "You are definitely not going to find ones to rent like this that are brand-new with Sub-Zero refrigerators, high-end appliances and hot tubs. The smallest unit is a three bedroom with 2,300 square feet and private balconies."

"The market is going to be back. This is a way for people to buy some time and go ahead and furnish it for people to enjoy and use," said Chuck Norwood of REMAX of Gulf Shores. "It makes good sense. The rentals will offset some of the expenses."

However, Norwood added, "It doesn't make sense to buy a unit there as a rental."

The units will be operated by Spectrum's resort management division, Spectrum Vacations, which has an on-site rental management team.

The rental prices are competitive for the area rental market, with a three-bedroom, 3cm HALF-bath unit leasing for $290 per night, according to Richardson.

The lushly landscaped tower's amenities include an indoor pool, outdoor pool, a lazy river on the fourth floor, steam room, sauna, 3,000-square-foot gym and high-speed glass-and-tile elevators. Views from the tower stretch from Pensacola Beach to The Beach Club on Fort Morgan.

/cut/1/cPress-Register file photoThe first Turquoise Place tower is shown in June 2008. The owners of 90 of the high-profile condo project's units have decided to offer them as rentals. The Orange Beach development has sold about 46 units; the 45 remaining units start at $1.2 million.

The following article was posted in the Mobile Press Register by Kathy Jumper. It is great advertisement for Orange Beach Alabama's newest upscale beachfront condo complex.

A few notes in addition to the useful article are that Prickett Properties LLC is renting condos in Turquoise Place and available for rental at

Http:www.TurquoisePlaceRental.com

The rental prices start as low as $290 a night. The summer rates average $550.00 a night or $3300 a week. You can view the Turquoise Place Condos and get a total price online at www.TurquoisePlaceRental.com

or call Daniel Prickett at 251-209-0072

Turquoise Place renting 90 units

The owners of 90 units at the 24-story Turquoise Place in Orange Beach have furnished and are now renting the brand-new units, according to Rich Richardson of Spectrum Capital, based in Jackson, Miss.

Spectrum paid about $45 million for 90 of the 181 Gulf-front units, according to court records.

Spectrum is the real estate arm of Yates Cos., the contractor that built Turquoise Place on Ala. 182 in partnership with developer Larry Wireman of Orange Beach, Richardson said

About 46 units have been sold and the owners have moved in, Wireman said. The 90 are in rentals, and the remaining 45 units start at $1.2 million, according to Wireman, who also developed Caribe Resort in Orange Beach.

In 2005, the units presold for an average $1.5 million, with the 6,000-square-foot penthouses averaging $5 million.

Offering the 90 units for rent "is a good thing," Wireman said last week. "They are off the sales market. It makes the rest of the units a lot better. We're not sitting there with 100 units to sell."

"The condo market is changing, and we have to adjust with the times," Richardson said. "You are definitely not going to find ones to rent like this that are brand-new with Sub-Zero refrigerators, high-end appliances and hot tubs. The smallest unit is a three bedroom with 2,300 square feet and private balconies."

"The market is going to be back. This is a way for people to buy some time and go ahead and furnish it for people to enjoy and use," said Chuck Norwood of REMAX of Gulf Shores. "It makes good sense. The rentals will offset some of the expenses."

However, Norwood added, "It doesn't make sense to buy a unit there as a rental."

The units will be operated by Spectrum's resort management division, Spectrum Vacations, which has an on-site rental management team.

The rental prices are competitive for the area rental market, with a three-bedroom, 3cm HALF-bath unit leasing for $290 per night, according to Richardson.

The lushly landscaped tower's amenities include an indoor pool, outdoor pool, a lazy river on the fourth floor, steam room, sauna, 3,000-square-foot gym and high-speed glass-and-tile elevators. Views from the tower stretch from Pensacola Beach to The Beach Club on Fort Morgan.

/cut/1/cPress-Register file photoThe first Turquoise Place tower is shown in June 2008. The owners of 90 of the high-profile condo project's units have decided to offer them as rentals. The Orange Beach development has sold about 46 units; the 45 remaining units start at $1.2 million.