Alys Beach is presenting its newest pre-construction condominium, The May. Pre-construction opportunities and pricing to own one of these unique condos starts this Tuesday, December 19th. Alys Beach hopes to start ground breaking in January of 2018. Time is of the essence to own one of these limited condos in The May at pre-construction prices!
A little over a year ago, the community took a vote and approved moving forward with expansions to the WaterColor Beach Club, as well at the Camp WaterColor amenities. In the past year, there has been an abundance of work that has happened due to the Board and the Expansion Committee.
The Board, as well as the Expansion Committee, are very excited to share with the community the drawings of the new renovations for Camp WaterColor and Beach Club. These drawings are displayed at the Beach Club, the WaterColor Inn, the HOA Office, and Camp WaterColor.
There are currently seven new condo developments along Highway 30A. Two of these new developments are gulf front. One condo building is located directly across the street from the gulf. Another is located in Alys Beach, north of Highway 30A. Two are located in Rosemary Beach with one being north and the other south of Highway 30A. The remaining condo development is located in Inlet Beach where Highway 30A meets Highway 98. The properties are listed below in further detail.
Current loan programs available for secondary residence condominiums differ from similar loans offered preceding the 2008 mortgage crisis. Prior to the year 2008, the majority of lenders sold condo loans to financial banking institutions operating on the secondary market, such as Freddie Mac and Fannie Mae.
During the second quarter, Gulf Front Condo prices continued to rise. As of now, sales volumes are trailing the numbers that we saw in 2015, but they are in line with 2013's activity levels. This article provides a snapshot of average price and sales volume on condos that are south of 30A. We will also be showing examples of individual sales for three similar condominiums.