Price Reduced to $950,000
GULF OF MEXICO BEACHFRONT PROPERTY
GULF SHORES, ALABAMA
ISLAND TOWER - 1602
BACKGROUND: Over the past several years, Aaron White, owner of White Land Company has developed a relationship with several prominent real estate companies in Gulf Shores, Alabama. Aaron has personally purchased 5 prime condominium units in two of the most beautiful condominium complexes on the Gulf of Mexico. Island Tower, Unit 1602 is personally owned by Aaron White and Mary White and is the first offering of a Gulf Front property ever made by White Land Company and will definitely not be the last. Gulf Shores, Alabama is one of the last frontiers on the Gulf of Mexico to experience incredibly beautiful condominium developments that are easily accessible to the mid-south United States, not to mention the annual migration of thousands of Snowbirds from Indiana, Iowa, Minnesota, Michigan, Illinois and Wisconsin. Gulf Shores is also the further most western destination where the Gulf of Mexico waters are still blue and beautiful. At points further west, the ocean waters become more murky and muddy in appearance. Demand for beachfront property in the Gulf Shores area has started to mushroom over the past couple of years and even though prices are rising for properties, there is still plenty of opportunity for beachfront property investment at Gulf Shores, Alabama. Gulf Shores has been historically known as the “Red Neck Riviera” and still maintains a great southern charm with a small fishing town character, however, great changes are in store for Gulf Shores. Since hurricane Ivan destroyed much of the gulf front businesses and homes, the city has been buzzing with new plans, new condominium complexes, new public “people friendly” outdoor developments and renewed businesses with some of the greatest seafood restaurants in the United States. At this moment, the area is a contractor’s dream. The steady hum of progress is amazing to see and property values have begun to soar since hurricane Ivan. Typical property values in Gulf Shores are still approximately 50% behind those in Destin, Florida, which is only 70 miles away with an identical climate.
We at White Land Company are proud to start bringing these beautiful properties to your attention.
OVERVIEW: Island Towers is the newest and tallest condominium complex at Gulf Shores. The building consists of 26 levels (including ground level) constructed out of concrete and glass. The top 22 levels contain three residential units each, for a total of 66 residential units. The ground level and the next 3 levels are used for parking and amenities. There are 2 basic type units, one of such basic type unit having a mirror image, creating three basic floor plans. Basic Unit Type “A” is a 3 bedroom, 3 bath unit containing kitchen, dining, living and laundry areas encompassing approximately 1,621 sq. ft., together with 2 covered balconies containing a combined total of approximately 314 sq. ft. serving the unit as a limited common element. Each floor containing residential units has 2 type “A” units, being mirror images of each other. There are a total of 44 type “A” units.
Basic unit type “B” is also a 3 bedroom, 3 bath Unit containing kitchen, dining, living and laundry areas encompassing approximately 1609 sq. ft., together with a covered balcony containing approximately 295 sq. ft. The center interior unit on each residential floor is a unit type “B” for a total of 22 type “B” units. The amenities that are included in the tower include covered parking decks, indoor swimming pool, outdoor heated swimming pool, exercise room, sauna, playground area and elevators. The type “B” center units have 2 bedrooms and the living room overlooking the Gulf of Mexico and the type “A” units have 1 bedroom and the living room overlooking the Gulf of Mexico.
DESCRIPTION UNIT - 1602
Unit 1602 is a type “B” unit boosting 2 bedrooms and the living room overlooking the Gulf of Mexico. The unit has been upgraded to include travertine marble tile in the foyer, hallway, laundry room, dining area, kitchen, living room and all 3 bathrooms. The 3 bedrooms are upgraded with a high quality tight shag chocolate color carpet. The walls in the foyer, hallway, dining room, kitchen, living room, master bedroom and master bathroom have been faux finished with a soft gold color. The north bedroom and the north bathroom are painted in a lighter gold color called compatible cream. The guest bedroom overlooking the Gulf of Mexico is painted a very soft green tinted color called rice patty.
The kitchen is equipped with top of the line Westinghouse appliances with stainless steel finishes. The refrigerator is a side by side refrigerator/freezer. All of the counter tops are solid granite with a mottled style brown color. There is an abundant amount of cabinet space. The kitchen is fully equipped with everything you could possibly need right down to the flatware. The laundry room is equipped with full size washer and dryer, owners lock-off closet and shelving. The living room is fully furnished and surrounds a 42" plasma flat screen Zenith television and is equipped with broad band DSL for your on-line convenience. The 2 bedrooms overlooking the Gulf of Mexico are furnished with king size beds with extra high quality box springs and mattresses. The north bedroom is furnished with a Queen size bed with the same high quality mattress set. All of the bedrooms are equipped with 20" flat panel LCD television sets. All television sets are equipped with DVD players. All of the bathrooms are furnished with solid granite counter tops. The master bath has double sinks, a separate glass stall shower, walk-in closet and large Jaccuzzi tub. Glass runs from ceiling to floor in the master bedroom, living room, and guest bedroom, all three rooms overlooking the Gulf of Mexico. The master bedroom and the guest bedroom have floor to ceiling black out pull drapes with attractive sheer pull drapes on the inside. The living room drapes are floor to ceiling pull type attractive sheers. The north bedroom drapes are a very high quality heavy material that will black out the bedroom when pulled. The incredible 38 foot outdoor veranda overlooking the Gulf of Mexico is in front of the two gulf side bedrooms and the living room with sliding glass doors going out to the veranda from all three rooms. The veranda is also furnished with quality outdoor furniture including 2 chase lounges and table and four chairs. The veranda floor is constructed with quality Mexican tile. The entire unit furnishings were designed and decorated by one of the best decorators in Gulf Shores. There are over $70,000.00 in furnishings, window treatments and accessories that go with unit 1602.
Included within this presentation are numerous illustrations of unit 1602.
LOCATION: Island Tower is located at 521 West Beach Blvd., in Gulf Shores, Alabama. This location is “where everything is going on”. Where highway 59 comes south to the public beach is only 4/10 of a mile away. The west end of the Gulf Shores public beach come to with 2/10 of a mile. The famous annual shrimp festival and many other public events occur at the public beach. All of the action can be observed from the veranda of Unit 1602 at Island Tower. Orange Beach lies 3 miles to the east, Perdido Beach lies 7 miles to the east and the famous Flora-Bama beach bar is only 10 miles away. The Flora-Bama beach bar has been recognized by the Travel Channel and many noted travel magazines as one of the top ten beach bars in the United States. Great music, good food and many high times have been had at Flora-Bama. The famous Bon Secor Bay is located only 4 miles northwest of Gulf Shores and is well known through-out the U.S. for some of the best oysters in the world as well as home to the best shrimping industry in the U.S. It is very common to see the shrimp boats at work from the veranda of Island Tower Unit 1602. You won’t find fresher or better seafood anywhere in the U.S. than right here at Gulf Shores. There are also many giant water parks, miniature golf courses, and theme parks located within the city limits of Gulf Shores. Gulf Shores is also a great place for a family vacation. There is something for everyone in Gulf Shores.
PRICE AND HOA DUES:
Many of the unfurnished units with no upgrades at Island Tower have sold in the $900,000.00 range and prices are moving up rapidly.
This magnificent unit is being offered to the public for $1,000,000.00 until September 1, 2007 when owner reserves the right to increase the price to the current marketing conditions. The price includes a fully furnished, upgraded, magnificently decorated place in the sun.
HOA dues are $455.00 per month
RENTAL: This 3 bedroom unit rents for up to $363.00 per day during peak months. A rental rate schedule is included in this presentation.
