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MUMBLINGS January 20, 2005
The whitest sand beaches in the world are in this 200
miles from Dauphin Island to Panama City and are being developed at such a
speed it's almost impossible to keep up with it.
Baldwin is doing well, percentage wise, as a small part of
the entire mileage. After this 200 miles, the sand is dark and unattractive.
Going east from Orange Beach you come to Pensacola, Ft. Walton, Destin and
Panama City. Between these Alabama Inand Florida areas there has been a huge
development over the past years but if possible, it seems to be accelerating.
Recently, we decided to spend a couple of
days in the panhandle of Florida and rest and see what is happening. We rested
well, spent a lot of money for what we got and saw some amazing developments
completed and not completed.
To give you an example, real estate agents
claim that the first 11 months of last year saw property sales of south Walton
County to the tune of $4.5 billion. Condos, apartments, all types of
developments are under way, just as they are here in Baldwin.
One reason Baldwin has developed so
rapidly is, believe it or not, land prices are cheaper than in West Florida. An
appraiser told me that in general, prices of land in the Florida area are about
30% higher than in Baldwin. Recent sales would indicate that Baldwin is
catching up.
About eight miles east of Destin, on
Highway 98, you turn southeast on Highway 30 A and travel about ten miles to
Watercolor Development, which was our destination. We checked in at a beautiful
little hotel, the Watercolor Inn where we stayed .
It is only 60 rooms but joins apartments,
condos, etc. They control another 100 or so but they are all pricey, very much
so.
We spent two nights in this nice, restful
hotel, which overlooks the Gulf of Mexico, supposedly with bargain rates, but
each of the two couples had a hotel bill of over $600, room and taxes only.
The above are winter rates. In the summer,
the same room that we had with king size bed, overlooking the Gulf runs $445 a
night and when you add sales tax and tourist tax, it's over $500. And guess
what, during the summer months they're filled to capacity.
This 500-acre development joins Seaside
Village that is even bigger. It is full of apartments, condos, restaurants,
small businesses and what have you. A wonderful place to have a resort if you
can afford it. They said you can't touch one of the cottages for less than
$1,000,000. We won't be buying any.
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