Developers pay $4 million for 10 acre...

Developers pay $4 million for 10 acres of gulf-front property in Orange Beach

There are 3 comments on the Alabama Live story from Jun 3, 2012, titled Developers pay $4 million for 10 acres of gulf-front property in Orange Beach. In it, Alabama Live reports that:

ORANGE BEACH, Alabama -- Local developers paid $4 million for almost 10 acres of gulf-front property in Orange Beach, with 550 front feet on the Gulf, and plan to build Cottages at Romar, a single-family, gated community, according to court records.

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Give Me a Break

Foley, AL

#1 Jun 3, 2012
Great--just another future drain on the National Flood Insurance when these stick-built cottages confront the next hurricane induced surge. If anyone--including developers want to build anything except a concrete high-rise on the beach, they should not be allowed to purchase taxpayer subsidized Flood Insurance. That is why the program is broke and getting brok'r.
Beach Lover

Mobile, AL

#2 Jun 16, 2012
Give Me a Break wrote:
Great--just another future drain on the National Flood Insurance when these stick-built cottages confront the next hurricane induced surge. If anyone--including developers want to build anything except a concrete high-rise on the beach, they should not be allowed to purchase taxpayer subsidized Flood Insurance. That is why the program is broke and getting brok'r.
Enjoy the condo!
Give Me a Break

Foley, AL

#3 Jun 16, 2012
I won't be buying any stick-built cottage condo on the beach like these. If I buy a condo it will be in a concrete high rise and I won't be on the ground floor.

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