Gulf Shores Alabama

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By Albert Marshall Cheney, Alabama Certified Residential Real Property Appraiser
Post Office Box 8888, Mobile, Alabama 36689-0888
For appraisal report inquiry call (251) 533-2424 or email to Albert@CheneyAppraisalServices.com
Periodically, I add photographs from the Mobile Bay Metro Area which consists of the two counties which wrap around Mobile Bay, Baldwin County and Mobile County. These counties offer so much for the residents as well as our visitors. Come and take a journey through my photographs of local people, historical buildings, scenery, and other characteristics which make this Gulf Coast area an interesting place to live and visit!
BLOG-Downtown Mobile Sunset From Bayway 04192013 [01]BLOG-Downtown Mobile-01 17 2013 [02]
MOBILE SUNSET FROM BAYWAY      DOWNTOWN MOBILE ON 01/17/2013
BLOG-DOWNTOWN MOBILE FROM CAR-06072013 EmailBLOG-SUNSET WHEN GOING HOME-06072013 [02]
HISTORIC DOWNTOWN MOBILE SUNSET DOWNTOWN MOBILE, ALABAMA
BLOG-Austal Downtown Mobile 06 20 2013 [01]BLOG-Downtown Mobile Post Office-Bldgs-04162013 [01]
AUSTAL, DOWNTOWN MOBILE U. S. POSTAL OFFICE DOWNTOWN MOBILE
BLOG-SEA OATS-DAUPHIN ISLAND 080813 [02]BLOG-DAUPHIN ISLAND WATER TANK 080813 [01]
SEA OATS, DAUPHIN ISLAND, AL WATER TOWER, DAUPHIN ISLAND, AL
BLOG-DAUPHIN ISLAND BEACH-GULF 080813 [03]BLOG-DAUPHIN ISLAND CONDOS 080813 [05]
DAUPHIN ISLAND, AL BEACH, 08/08/2013 DAUPHIN ISLAND CONDOS, 08/08/2013
BLOG-GULF SHORES BEACH WATER-06072013 [04]BLOG-GULF SHORES BEACH HOUSES-06072013 [09]
GULF SHORES, ALABAMA BEACH GULF SHORES COTTAGES ON THE WATER
 

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“A Fragile Economy With High Unemployment And Uncertainty
Will Be More Of A Future Problem Than The BP Oil Spill.”
Al Cheney’s Comments and Opinions for 29 August 2010.

As a local, born and raised in the Mobile Bay Metro Area, I am sincerely happy that the bubbling crude has finally been capped after 90 days-after 90 days! It is worth repeating since this horrific ecological and environmental disaster should have never lasted this long if it wasn’t for the many faux pas by BP Oil and our own government. They say, the majority of the surface oil has dissipated and now can’t be found. Oh, really? The “on the surface” crude problem is only hiding in the depths of the sea-harming crustaceans, oysters and other seafood for years to come.

And, yes! I do realize that biological organisms will thrive on the raw crude and eventually remove it as a major threat but, this will take a very long time. The damage has already been done and its true damage is still hidden in the depths of the sea. Enormous amounts of crude, damaging dispersants, oil soaked wetlands and sea bottoms are here to stay for decades. A possible ecological disaster lurks beneath the sea and within the wetlands for years to come.

Furthermore, the inappropriate government overreach in shutting down oil rigs (overdramatic and very political), media sensationalism damaging our Gulf Coast tourism, and an already weaken real estate industry has created more negative affects upon Alabama and the other States along the Gulf Coast. Honestly, at this time, the affects of any significant real estate recovery and tourism is unknown.

The fact is that, a fragile economy and a weakened real estate industry have been further exacerbated by the crude ecological and environmental disaster, and the crude politics of Washington. And, our tourism for this year has been damaged by irresponsible journalism media. Even so, the coastline of the Gulf States and its real estate will overcome this adversity and will eventually be less affected by the BP oil spill and the many missteps of Washington. The media needs to practice more responsible journalism and avoid the traps of sensationalism. Sensationalism is not journalism!

Well, our coastal properties along the beaches as well as other properties with gulf views and close to water tributaries will eventually improve over time. For now, the recent past spreading of crude through the Gulf of Mexico has resulted in a deeper real estate market slowdown affecting property values near and along the Gulf Coast. Whether legitimate, or not, many homes located well off water tributaries have also been affected to some degree. It is a real estate market slowdown caused by a fragile economy and the worse oil spill known in North America.

From my standpoint, the negative value affects for homes located off the beaches and the Gulf of Mexico should be negligible as time leads us into the future. Then, when looking back in time, I believe, this catastrophe will reflect “a blip on the radar screen” when focusing only on the 90-day oil spill disaster. Then, there could be the possibility of a more normal level and slight positive return of property values; if a more normal level can be equated with a fragile economy under severe stress.

The fragile economy with high unemployment (9.5% but does not include the people who have given up) and uncertainty will be much more of a future problem for Gulf Coast property values than the BP oil spill. As time leads us into the end of 2010 and into the beginning of 2011, an even more fragile economy and real estate industry might be the result when continuing to implement recessive programs and tactics by the government while banks, entrepreneurs and small businesses mostly sit on the sidelines, “digging in their heels” or “going out of business” sales. Only deregulation and lowering taxes, the cessation of large government spending, small business incentives (get the oil riggers, shrimpers and other parts of the Gulf Coast seafood industry back to work) as well as “just plain honest positive talk” from the current Administration and our government representatives (most of them forget that they work for us) will improve the real estate industry-part of the backbone of America!

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The Gulf Tower Condo 14W Gulf Shores 02162010 [01]Gulf Tower Condominiums are located at 1051 West Beach Boulevard, Gulf Shores, Alabama 36542-6225.

The directions are U. S. Highway 59 from Foley, Alabama, traveling south by car, entering Gulf Shores, Alabama, and ending at West Beach Boulevard. Then, take a right onto West Beach Boulevard (Highway 182) and travel about 1.4+- miles. The Gulf Tower Condominiums complex is located on the left (beachside with blue-green Gulf waters).

The Gulf Tower Condominiums project was built in 1984 according to available records. There are 49 units which have access to the general grounds, open & underneath parking spaces, exercise room, private balcony patios, barbeque grills, beach walkway, a beachside outdoor swimming pool, elevators, a white sandy beach & Gulf of Mexico views, recreation areas, etc. are most of the primary common elements.

Gulf Tower Condo 14W Gulf Shores 02162010 [03]

As of this writing, there are three active listings found within the Gulf Tower Condominiums. All three condo units have around 1,000+- square feet of living area with two bedrooms and two bathrooms. The asking prices range from $235,000 to $285,000.

Most of the recent condo sales (2 bedrooms, 2 bathrooms) have ranged from $199,000 to $249,000 within the past year.

Gulf Tower Condo 14W Gulf Shores 02162010 [10]Contact Al Cheney at (251) 533-2424 if you require more real estate related information about The Mobile Bay Metro Area, Baldwin County and Mobile County of Alabama.

Try these web-links for additional information: http://www.CertifiedAppraiserNames.com/, http://www.CheneyAppraisalServices.com/, http://www.MobileAlabamaFHARealEstateAppraisers.com/, http://www.RealtyLeaders.biz/.

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