Holiday Isle is a luxury beach side condominium located on Dauphin Island, the only barrier island on Alabama’s Gulf Coast.
Listen to Paul Wesch of The Mitchell Company explain the current condo market, where we have come from, where we are, and where we are likely headed. He will then tell a little about the Holiday Isle Condos and the value they represent in the current market and the future potential. Quite a good market synopsis!
http://www.vimeo.com/9030312
Watch the video below to learn more about Holiday Isle on Dauphin Island.
Just 33 miles south of Mobile, Alabama, Dauphin Island is accessible by way of a 3.2 mile bridge that connects the 14 mile long island to the mainland.
Visitors may also travel to the Island on the Mobile Bay auto passenger ferry giving access to and from Ft. Morgan and Gulf Shores. Dauphin Island offers an inviting menu of outdoor recreational activities, uncrowded sandy white beaches, but is probably best known for the world class fishing. Holiday Isle offers the perfect blend of relaxed charm and lavish amenities coupled with the casual, slow paced lifestyle of the Island.
Holiday Isle is a full concrete frame condominium with no exterior wood or metal walls in the building and no vinyl or EIFS skin.
The stucco is applied directly to concrete, this allows for the best exterior wall protection available against windstorm and water intrusion. The building is classified as a superior masonry non-combustible building. What does this mean? The superior construction of this property and attention to detail allows for the insurance premiums at Holiday Isle to be well below the average charged for condominium properties in the coastal area.
Property Highlights
- 7 - story building with 144 units
- Gated community
- 665 feet of Gulf beachfront
- Outdoor pool
- Heated indoor pool
- Hot tub, sauna, and steam rooms
- Fitness center featuring PRECOR equipment
- Clubroom with full size kitchen and 42″ flat screen TV
- Tennis court
- Parking garage
- Outdoor grill area
AMENITIES (Individual Units)
- 9-foot ceilings
- Recessed lighting
- Extensive crown molding throughout
- Stainless kitchen appliances
- Full size washer and dryer
- Whirlpool tub and separate shower in master bath
- Granite countertops with under mount sinks
- Dehumidifiers
- Floor to ceiling glass to maximize beach and Gulf views
- Pre-wired for high speed internet,cable TV
- Storm Shutters
Two bedroom two bath unit is aproximately 1202 sq. ft. and is listed for sale at $255,000.
Three bedroom two bath unit is aproximately 1463 sq. ft. and is listed for sale at $310,000.
*prices are subject to change due to availability*
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Are Mortgage Interest Rates Headed Up?
Are interest rates headed up?
Most experts are saying, yes. The Federal Reserve has been artificially keeping rates low for the last year. At the end of March, The Fed has announced they will quit buying Mortgage Backed Securities, which will cause rates to rise. Financial experts are saying rates may rise for 1-1.5% and that it could happen in short period of time. This could be devastating for a home buyer.
If rates rise 1%, you could see your purchase power decrease by 10%. On a $250,000 home, that is a $25,000 drop in the amount of home you can purchase. What about if rates go up 2% and rates end up in the 7’s? We are talking a 20% decrease in purchase power, or in our example, fifty-thousand dollars!
Now is the time to buy. Take the $8,000 tax credit for 1st time home buyers and couple it with the low rates that The Federal Reserve is giving us and you are talking about a nice gift from the government. Right now, you have the best incentives in history to buy a home, but they are likely going away. In order to get the $8,000 tax credit, you have to be under contract by April 30th 2010. With the possibility of rates going up toward the end of March, you would need to act now. It can take a month or more to find the right home and a month to close on your home loan. Don’t let this opportunity pass you by.
Toby R. Lane
Senior Loan Consultant
Academy Mortgage Corporation
Direct: 404-574-2609
Cell: 404-483-6040
eFax: 404-924-4990
www.atlantagamortgages.com
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Shore to Shore
Lake Lanier GA and AL Gulf Coast Real Estate News
January 12, 2009
In this Issue:
Our World: Interest is high, motivation is low.
Special Report: Look at your tax situation in 2010
Featured Article: Play the learning game, not the blame game
Recommended Resources: Financial Resolutions for the New Year
Interest is high, motivation is low.
Buyer interest is high but motivation continues to be low. Buyers know there are great values to be had but seem to be reluctant.
[click to continue…]
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by Cal on January 12, 2010 · 2 comments
in Alabama, Daphne, Fairhope, Florida, Georgia, Gulf Shores, Lake Lanier, Ono Island, Orange Beach, Point Clear, Real Estate, foreclosure, fort morgan, perdido key
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