Gulf Shores, AL Real Estate News

By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
Local condo boards hold their own in foreclosure crisis Sunday, August 31, 2008 By KATHY JUMPER Real Estate Editor Foreclosures haven't hit local condominium associations as much as their peers in some states, but that may change as new assessments are sent out to help pay for insurance. Condo foreclosures hit a plateau about six months ago, according to attorney Daniel Craven of Gulf Shores. "We're not in as desperate financial condition," as other parts of the country, he said. "And collection efforts on delinquencies have held their own." Craven represents more than 100 condominium and property associations in the area. About 24 million housing units are governed by 300,800 homeowner associations in the United States, according to the Community Associations Institute, a nonprofit gro...
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By Janie Masterson, Realtor GRI CLHMS - Trusted Real Estate Resource
(RE/MAX Executives)
I recently had the opportunity of visiting Gulf Shores, AL for the fourth time.  It is quite the paradise!  Nice little Alabama city with not too many tourists.  My daughter gave birth to a beautiful baby boy on June 12th and I had gone down there to be with the family.  My two year old grand daughter and grand sons enjoyed the pool at our condo.  My daughter and her husband own several condos in Gulf Shoreswhich she manages.  The one I stayed in was a fully furnished 3 bedroom two bath and it looked like a little cottage from Southern Living.  Just so quaint.  And the best part is, it's for sale!  Unbelievable price too!  Gulf Shores was hit pretty hard and so many of the condos are on Auction now that it's a pretty regular thing to go to the Auctions on Saturday for some locals.  Sta...
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By Elizabeth Helton
(RE/MAX of Orange Beach)
Austions are just one avenue to bring buyers and INVESTORS back to the beach! Auction frenzy continues at Gulf Sunday, July 27, 2008By KATHY JUMPER Real Estate Editor Simply raising a hand could net a 142-acre horse farm or 35 Gulf-front condominium units — if you're the highest bidder. It's summertime, and the auctions are hot in Baldwin County. Homeowners, developers and, of course, banks are turning to auction companies to unload property. Some own ers aren't desperate, but want to sell what they hold quickly and move to other investments. Others are feeling the economic pinch of paying interest on unsold lots or see foreclosure clouds looming over their excess inventory. There have been successes: Last week, 50 condo units at Emerald Greens off Alabama 59 in Gulf Shores, adjacent to...
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By Jay Jennings
(Pendulum Properties, LLC)
Like so many of us who tune into the national news and here about all of the doom and gloom that encompasses the nation, it's no wonder anti-depressants are on the rise just like foreclosures are! So I decided to go against the grain and become a beacon of light, a messenger of hope and inspiration. Being from Ohio and living on the Gulf Coast of Alabama now has been a wonderful change. I know its really rough in that area back home for home sales, but its actually been quite good here. Even if it was bad, it's a helluva lot better being poor with a tan than with frostbite! But thats simply not the case. Reals estate on the Gulf Coast of Florida and Alabama has been very rewarding, both financially and professionally. Recently I have been promoted to Assistant Sales Manager at Weichert ...
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
Condo Foreclosures and Bank Owned Properties in Gulf Shores and Orange Beach There may be more Alabama Gulf Coast bank owned and foreclosure condominium choices than you realize. There hasn't been a better time to buy along the Alabama Gulf Coast in years. We have Gulf condos starting in the $100s... Make one of these condos yours! Call Scott Myrick now while you are thinking about it 251-269-3114. Email me at scottmyrick@yahoo.com and I will keep you updated as to all new Gulf foreclosure listings... See My ListingsSearch MLS Condo Foreclosures and Bank Owned Properties Other Market reports    The sun has not stopped shining. The beaches aren't any less white, and the whole thing costs you 30% or 40% less than before.
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
Things to do, see on Alabama's Gulf CoastBy LYNN GRISARD FULLMANFor the Journal-Constitution Published on: 03/30/08 Alabama's Gulf Coast has made a remarkable comeback after the triple whammy from the hurricanes. The coast is back. Places to play are open, restaurants are serving fresh seafood and sandy beaches await. You may want to do more than savor time in a cottage at Gulf State Park. • Play laser tag and mini-golf, ram bumper boats and ride go-karts at Adventure Island (www.adventure-island.com). • Cool off at Waterville U.S.A. (www.watervilleusa.com). • Parasail (251-981-9080) high above the ocean. • Meet furry and friendly creatures at Alabama Gulf Coast Zoo (www.alabamagulfcoastzoo.org). • Take a dolphin cruise (www.dolphinexpresscruises.com) or charter a fishing boat (www.alab...
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
FROM ATLANTA TO ... THE ALABAMA COAST Gulf Shores: Family fun with sand and sunBy MILLIE BALLNewhouse News ServicePublished on: 06/18/08 GULF SHORES, Ala. - About nine or 10 miles north of the Gulf of Mexico, you get a sense that there's going to be plenty to do on this beach vacation. That's about where U.S. 59 goes through Foley, a haven of motels, chain restaurants and discount shopping malls as well as Lambert's Cafe III - as in Lambert's, The Only Home of Throwed Rolls (the first two are in Missouri). Waiters really do toss homemade rolls to customers and scoop out fresh vegetables on freezer paper (251-943-7655). A couple of miles before the Gulf, many vacationers who want a quiet getaway turn right onto the 22-mile Fort Morgan Road - Highway 180. They pass only a couple of high-r...
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
Alabama's Gulf State Park feels like homeBy LYNN GRISARD FULLMANFor the Journal-ConstitutionPublished on: 03/30/08 Gulf State Park, Ala. - How we vacation can be peculiar. We want to leave home, yet when choosing a place to stay, we look for places like home. Home has luxuries and amenities that we've grown to enjoy, including enough bedrooms (and, yes, even bathrooms) for all those gathered. If we're lucky, sometimes we find that spot, with a spacious kitchen, living space and separate dining space, a deck and screened porch. When vacationing with our grandsons along Alabama's Gulf Coast, we found our home in a rustic, Southern setting. At Gulf State Park, we overnighted in one of the newly built cottages. Like the other 10 cottages surrounding ours, it had a full kitchen (stocked with...
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
FROM ATLANTA TO ... THE ALABAMA COAST Alabama's Gulf coast suits a variety of vacation stylesBy MILLIE BALLNewhouse News ServicePublished on: 06/18/08 Those looking for a beach vacation - and isn't everybody? - should be able to find what they want on the southern tip of Alabama. But where to go: the more popular Gulf Shores on the Gulf of Mexico or the more "Southern" Fairhope? They're 30 miles apart, but are distant cousins when it comes to ambiance. If you're a Jimmy Buffett "parrothead" and love to hit shopping malls, toss steaks onto a grill, stay in a high-rise condo and have a huge choice of restaurants, clubs and activities, Gulf Shores is probably best. The water is greener. And the Flora-Bama, the world's best honky-tonk, is right there on the Alabama/Florida state line in adj...
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
Marina, yacht club nears completion Dry storage area at Fort Morgan facility open; half of 160 new wet slips will be completed by summer's end Sunday, June 15, 2008 By KATHY JUMPERReal Estate Editor Wayne Burnett is not a deep-sea fisherman, but buying and upgrading the old marina at the end of Fort Morgan was an investment he couldn't pass up. The retired accountant and his investor partners purchased the former Fort Morgan Marina and renamed it Gulf Shores Yacht Club & Marina. Half of the 160 new wet slips will be finished by the end of summer. "I knew what the value of this venture could be over a period of time," said Burnett, who divides his time between homes in Kiva Dunes on Fort Morgan and Birmingham. "We need different things down Fort Morgan, and it's been exciting to see the ...
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
ResortQuest now in Gulf Shores Sunday, June 08, 2008 By KATHY JUMPERReal Estate Editor The locals will compete with a national firm for vacation rentals after the arrival of ResortQuest on the Alabama Gulf Coast. "We're in a growth mode and setting it up for a strong future here," said Lino Maldonado, vice president of Northwest Florida operations, which is based in Fort Walton Beach, Fla. "We knew we needed to be in Gulf Shores. The product mix, all the entertainment venues, and the family atmosphere, it's a perfect niche." ResortQuest is one of the largest firms managing and marketing resort condominium and home rentals in the United States. Its local rental management office is in the former Ono Professional Partners real estate building at 3145 Gulf Shores Parkway in Gulf Shores. On...
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
 Alabama coasting  Two very different destinations -- 30 miles apart -- lure steady streams of New Orleanians in search of waterfront vacations within a single tank of gas. Sunday, June 08, 2008 Stories by Millie Ball THE ALABAMA COAST -- Cars with Louisiana plates practically go on autopilot to the Alabama coast -- three hours, door-to-door from New Orleans. Easy getaways for sun and sand -- with no second mortgages for gasoline. Gulf Shores and Fairhope, Ala., are both in Baldwin County, only 30 miles apart. But they're distant cousins when it comes to ambiance. If you want to hit the malls, shout "Yeehaw," toss some steaks onto a grill, have a slew of places to eat, play and drink, and you like the buzz of staying in a high-rise condo, Gulf Shores is probably the right place. Plus th...
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
LOCAL BEACHES ARE PACKED Monday, May 26, 2008 By GUY BUSBY Staff Reporter GULF SHORES - Crowds filled local beaches Sunday as the Memorial Day weekend continued. Surf conditions were calmer than earlier in the weekend, but yellow flags, warning of moderate surf conditions, still flew at the Gulf Shores Public Beach. At the Alabama Gulf State Park, where George Burnett of Orange Beach drowned Saturday, red flags warned swimmers of hazardous conditions. On Friday, Michael Evans of Mississippi drowned at Orange Beach. While some visitors said rising gas prices hadn't affected their holiday plans, others said they had chosen a more local getaway to save money. "We figured with rising gas prices, this weekend we'd stick closer to home," said Mason Austin of Fairhope. "What would you call thi...
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
More properties on block Sunday, May 25, 2008 By KATHY JUMPER Real Estate Editor Shirlee Poulos had presold all 40 condominium units in Island Villas at Sunset Bay off Baldwin County 6 in Gulf Shores three years ago, but 32 of those units will be offered for sale at auction next month. "It's a sign of the times," said Poulos, of Carney Realty in Gulf Shores. "I don't see an auction as a bad thing. When the country is the way it is and there's a surplus of real estate, then sellers are in a situation where they need to make a decision. What is it? Drop prices so drastically or find a creative way to sell." The Island Villa units on Plash Island were priced from $459,000 to $699,000, and the buyers of 32 of the units backed out of their purchases, according to Poulos. The developer will o...
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
Gulf Shores residents survey Posted by Press-Register May 18, 2008 1:00 AM Categories: Documents Over 10 days spanning late April and early this month, the USA Polling Group questioned 410 Gulf Shores residents on their attitudes about City Hall's performance, future planning and other issues effecting the city. The survey was paid for by Gulf Shores City Council, though questions were primarily developed by a committee of residents tasked with exploring the topic of sustainable growth. The USA Polling Group's post-survey To view the report as a Word file, click here To view a PowerPoint presention of the survey results, click here
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
French become interested in Mobile Thursday, May 15, 2008 By ROY HOFFMANStaff Reporter AIX-EN-PROVENCE, France Leigh Smith, a slender, dark-haired literature professor from Mobile, ambles to class through this city in the south of France. The street where Smith walks, Cours Mirabeau, is a colorful boulevard vibrant with cafes. Until this spring, few people in Smith's French circles had heard much about his hometown. On Feb. 29, however, when the U.S. Air Force announced that an aerial refueling tanker contract potentially worth $40 billion would be awarded to the American company, Northrop Grumman, working with the French firm, EADS, that reality shifted. The KC-45s will use components built partly in France and assembled at Mobile's Brookley Field. "My wife's aunt," says Smith, "who li...
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
Beach cities search for administrators Orange Beach expects to interview next week, Gulf Shores' consultant culling candidates Wednesday, May 14, 2008 By RYAN DEZEMBERStaff Reporter More than 50 people have applied to become Orange Beach's next city administrator, and Mayor Pete Blalock said elected officials hope to begin interviewing the top applicants as early as next week. Meanwhile, in Gulf Shores, Mayor G.W. "Billy" Duke III said city officials are waiting on a consultant they've hired to bring them a docket of qualified candidates to vet for that city's administrator job. On Monday evening, the Orange Beach City Council met in executive session to discuss some of the more promising prospects to replace Jeff Moon, who left last month to take a city manager's position in the Atlant...
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
Beach leasing agents expect strong rentals Although high gas prices are a concern, leasing agents foresee a repeat of last year's banner summer season at beach Sunday, May 11, 2008 By KATHY JUMPERReal Estate Editor Got a tank of gas? Head to the beach. Rental agents are hoping high gas prices won't stop vacationers from driving to vacation at Gulf beach condominiums, especially travelers within a 350- to 500-mile radius. "The price of gas is a big thing this season, and we are watching it," said Marie Curren of Brett Robinson Real Estate & Development Co. in Orange Beach. "The condo owners are trusting us to generate some revenue, and it's something we balance one day at a time. The majority of our business on the Gulf comes from within the state, and we've not seen that decline, which ...
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
Ron and Yvonne Scaglione turn a $2.5 million beach unit into a $4.5 million Old World showcase, with lavish furnishings and intricate gold-leaf detail Sunday, May 04, 2008 By KATHY JUMPERReal Estate Editor Ron and Yvonne Scaglione, who buy, renovate and sell high-end properties, have just completed their latest project a 4,300-square-foot, Gulf-front Opal condominium unit in Orange Beach listed for $4.5 million. "We like to find a property with good bones and create something unique to the area," said the Tampa-based businessman, who also owns a house in Park City, Utah. Among the places they've bought, then gutted, rebuilt and furnished, was a Tampa estate right across the street from a house owned by New York Yankees shortstop Derek Jeter. It sold in seven months to a hedge fund manag...
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By Scott & Tinsley Myrick, Gulf Coast Real Estate Professionals
(RE/MAX of Orange Beach)
GULF SHORESSunday, May 04, 2008 By KATHY JUMPER Real Estate Editor GULF SHORES, Ala. A driving rainstorm didn't stop bidders from buying 44 condominium units for more than $13 million at an absolute auction that attracted more than 1,000 people to the Crystal Tower condo complex Saturday afternoon. Amid wall-to-wall umbrellas, more than 500 registered bidders from 20 states came to look for a deal or at least catch a glimpse of the condo-buying fever evident on West Beach in Baldwin County. The lowest unit sale prices were $275,000 and the highest purchase price was $350,000, which included the 10 percent buyer's premium added to the bid amount, according to the National Auction Co. based in Gadsden. "My brothers and I had not intended to go that low," said Collier Merrill, the develope...
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