A few notes in addition to the useful article are that Prickett Properties LLC is renting condos in Turquoise Place and available for rental at

www.TurquoisePlaceRental.com or this website www.GoToTheGulfCoast.com !

The rental prices start as low as $290 a night. The summer rates average $550.00 a night or $3300 a week. You can view the Turquoise Place Condos and get a total price online at

www.TurquoisePlaceRental.com

or call Daniel Prickett at 251-209-0072

Article Below:

Turquoise Place renting 90 units Developer says having portion off market makes 45 remaining condos easier to sell Sunday, May 10, 2009 By KATHY JUMPER Real Estate Editor

The owners of 90 units at the 24-story Turquoise Place in Orange Beach have furnished and are now renting the brand-new units, according to Rich Richardson of Spectrum Capital, based in Jackson, Miss.

Spectrum paid about $45 million for 90 of the 181 Gulf-front units, according to court records.

Spectrum is the real estate arm of Yates Cos., the contractor that built Turquoise Place on Ala. 182 in partnership with developer Larry Wireman of Orange Beach, Richardson said

About 46 units have been sold and the owners have moved in, Wireman said. The 90 are in rentals, and the remaining 45 units start at $1.2 million, according to Wireman, who also developed Caribe Resort in Orange Beach.

In 2005, the units presold for an average $1.5 million, with the 6,000-square-foot penthouses averaging $5 million.

Offering the 90 units for rent "is a good thing," Wireman said last week. "They are off the sales market. It makes the rest of the units a lot better. We're not sitting there with 100 units to sell."

"The condo market is changing, and we have to adjust with the times," Richardson said. "You are definitely not going to find ones to rent like this that are brand-new with Sub-Zero refrigerators, high-end appliances and hot tubs. The smallest unit is a three bedroom with 2,300 square feet and private balconies."

"The market is going to be back. This is a way for people to buy some time and go ahead and furnish it for people to enjoy and use," said Chuck Norwood of REMAX of Gulf Shores. "It makes good sense. The rentals will offset some of the expenses."

However, Norwood added, "It doesn't make sense to buy a unit there as a rental."

The units will be operated by Spectrum's resort management division, Spectrum Vacations, which has an on-site rental management team.

The rental prices are competitive for the area rental market, with a three-bedroom, 3cm HALF-bath unit leasing for $290 per night, according to Richardson.

The lushly landscaped tower's amenities include an indoor pool, outdoor pool, a lazy river on the fourth floor, steam room, sauna, 3,000-square-foot gym and high-speed glass-and-tile elevators. Views from the tower stretch from Pensacola Beach to The Beach Club on Fort Morgan.

Here are my thoughts on what this resort has to offer for guests. The resort is phenomenal with amenities not paralleled even at branded, high-end resorts such as the Ritz Carleton and Four Seasons. I have traveled quite a bit and stayed at many a $500 a night hotel, but never have I seen what Turquoise Place will offer guests. This condo is not remotely in the $500 a night category, but surprisingly it is only $500 a night in the peak season and even less during the Fall, Winter and Spring months. A large family can split the cost of staying in these spacious condos, and have a vacation experience like none other.

Let me start off by saying that the resort sits on 900 feet of beach front property so the location is not compromised for amenities. Every over-sized balcony features a private hot tub and outdoor kitchen fit for the grill master! Imagine yourself, soaking in your private hot tub overlooking the white sandy beaches and turquoise waters of the Gulf. No really, think of yourself there. Nice, huh? Now, imagine that your condo with over 2400 square feet which has a state of the art kitchen with a huge Sub Zero refrigerator, Wolf Gas range, and large dining area ready to entertain your entire family and friends. You can cook like a real chef in this culinary masterpiece while the others are enjoying the spacious living area with a gas fireplace overhung by a 50 inch flat screen TV.

After you enjoy your fabulous dinner and afternoon drinks in the hot tub, why not wind down in the master bath? The jacuzzi tub is large enough for two and fit for a queen. Still need to finish up your television shows? Don't worry, there is a flat screen in the master bath as well.

The resort itself has brilliantly designed an indoor pool area, larger than any I have seen, with a kiddie slide and underwater speakers for those swim lap enthusiasts. There is also an outdoor lazy river. The fitness center rivals any large chain gym with numerous "TRUE" cardio machines and a full weight-lifting gym.

Ready to make your reservation? We are ready to help you. Please click on "Vacation Rentals" for rates, dates and up to date availability. If you have larger groups, remember that we have two of the Turquoise Place condos side by side for a total of 6 bedrooms.

Happy Vacationing!

Link to Turquoise Place Condos

http://www.gotothegulfcoast.com/complex_details.cfm?ComplexID=47

Tamala Prickett