Arial Dunes condos - photos - June 15 2006

I have interior photos of the units if anyone is interested (From AD-1). The finish work is extremely nice and the views are awesome. I wasn't really thrilled about it 2 years ago when they launched it, but it's pretty awesome!

How many will leave their deposits on the table and walk away?

...I get it...Aerial Dunes! Are these located near the Back Porch in Destin? They are very tall. How many units?

...I get it...Aerial Dunes! Are these located near the Back Porch in Destin? They are very tall. How many units?

No, they are located in Seascape on Scenic Gulf Drive by the outlet mall

Thanks! I bet they have nice views.

How many will leave their deposits on the table and walk away?

SHELLY, me thinks you have a secret wish that "investulators" of any ilk will and should take it in the shorts for trying to turn an honest buck in a self confessed capatilistic society, playing by the stated rules.
Oddly enough, my sense is that the majority of owners of these condos are long term holders with only a few that are determined to sell. I for one intend to use my unit as a vacation haven and for visiting relatives..ad infinitum. It is fully paid for and I suspect I may not be the only one in this situation.

Thanks SJ, it was I that asked for the pics of Ariel Dunes and I do appreciate you taking the time to post them. Remember me? The guy with the red twin ported 350 HP newly chipped V8 with the sweetest note from twin cat back magnaflows, mercedes 500 SL?

There are 24 floors with 10 units a floor most at 1300 to 1700 sqft and well appointed with views of the bay and gulf , both within walking distance. Close to shopping and fine dining and several parks with beaches that rival any I have seen.
And I have seen them from Goa to Ohau and Puket to Brisbane.

It is fully paid for.

Remember me? The guy with the red twin ported 350 HP newly chipped V8 with the sweetest note from twin cat back magnaflows, mercedes 500 SL?

Want to adopt me? PLEEZ.

Oddly enough, my sense is that the majority of owners of these condos are long term holders with only a few that are determined to sell. .

Only a few...

SHELLY, me thinks you have a secret wish that "investulators" of any ilk will and should take it in the shorts for trying to turn an honest buck in a self confessed capatilistic society, playing by the stated rules.
Oddly enough, my sense is that the majority of owners of these condos are long term holders with only a few that are determined to sell. I for one intend to use my unit as a vacation haven and for visiting relatives..ad infinitum. It is fully paid for and I suspect I may not be the only one in this situation.

Thanks SJ, it was I that asked for the pics of Ariel Dunes and I do appreciate you taking the time to post them. Remember me? The guy with the red twin ported 350 HP newly chipped V8 with the sweetest note from twin cat back magnaflows, mercedes 500 SL?

There are 24 floors with 10 units a floor most at 1300 to 1700 sqft and well appointed with views of the bay and gulf , both within walking distance. Close to shopping and fine dining and several parks with beaches that rival any I have seen.
And I have seen them from Goa to Ohau and Puket to Brisbane.

What is "twin ported" ?

You mean Phuket and Oahu ? :funn:

What makes you feel the owners are long term?

Only a few...

10%?..

Thanks for the shots of Ariel Dunes II. Did you happen to take any of the Ariel Dunes I building? We're expected to close in mid-July and would love to see the almost finished product! (I haven't been there since January)

I agree - there are alot of flippers out there. But we're in it for the long haul!

Thanks!

There are 131 actively listed for sale
2 pending with contingencies
240 pending

I would guess that very few will leave their down payments on the table and walk, but what do I know?

Thanks for the shots of Ariel Dunes II. Did you happen to take any of the Ariel Dunes I building? We're expected to close in mid-July and would love to see the almost finished product! (I haven't been there since January)

I agree - there are alot of flippers out there. But we're in it for the long haul!

Thanks!

Yes, I did get shots of the almost completed building. Go to the first post and click on "here" and that will take you to my photo album where they are located.

What is "twin ported" ?

You mean Phuket and Oahu ? :funn:

What makes you feel the owners are long term?

Twin ported K&N filtered intakes..yep Oahu..and if you have been to Phuket the you will understand the local thai pronounciation..puket.

I am (a long term owner), and I have spoken to several that have like plans..there are currently about 40 on the market out of about 240..about 16%?..hardly makes the case for short term.
What make you feel its otherwise.?

Thank you!

There are 131 actively listed for sale
2 pending with contingencies
240 pending
I would guess that very few will leave their down payments on the table and walk, but what do I know?

That would be just over 50% looking to flip?

You're a numbers guy Joe--what will that do to the median price of condos (and condo comps) in the area when 240 are released onto the market at (pre-construction) sales prices of $200 - $350 thousand?

The 131 units for sale has now been reduced to 127 units and is out of a total of 458 units in both buildings bringing your "over 50%" down to 27%. From what I hear, this percentage is typical of preconstruction.

Also, the 240 pending include the ones that the original owners are buying.

I'm kind of new to this board but its already clear that you can't believe everything that is posted!

The 131 units for sale has now been reduced to 127 units and is out of a total of 458 units in both buildings bringing your "over 50%" down to 27%. From what I hear, this percentage is typical of preconstruction.

Also, the 240 pending include the ones that the original owners are buying.

I'm kind of new to this board but its already clear that you can't believe everything that is posted!

But you do find nice people willing to go out of their way to post pictures of items of interest to others on the board ... for free. You get more than what you pay for, IMO. :roll:

I am (a long term owner), and I have spoken to several that have like plans..there are currently about 40 on the market out of about 240..about 16%?..hardly makes the case for short term.
What make you feel its otherwise.?

Are there 240 pending and of those 240 roughly half are currently listed for sale? Can you say flipper?

If that is the case this is why I feel otherwise. If it isn't as I've always said I wish everyone here would make money on their place. I just feel it isn't going to happen. I would guess those who bought at the end of last summer on 30-a have lost in the double digit percentages already.

I looked at that development to buy when it first was announced, sold out in like 15 seconds or something. Now there's plenty for sale. That kinda sums it up for me, in terms of the market.

PS- I think it's pretty funny how on the MLS listings they have a field for "PreConFlip" :funn:

Are there 240 pending and of those 240 roughly half are currently listed for sale? Can you say flipper?

If that is the case this is why I feel otherwise. If it isn't as I've always said I wish everyone here would make money on their place. I just feel it isn't going to happen. I would guess those who bought at the end of last summer on 30-a have lost in the double digit percentages already.

And can you say "read the posted information"?
Let me just reiterate it for you....since you seem to have a penchant for dumb comments..

The 131 units for sale has now been reduced to 127 units and is out of a total of 458 units in both buildings bringing your "over 50%" down to 27%. From what I hear, this percentage is typical of preconstruction.

Also, the 240 pending include the ones that the original owners are buying.

Here is another beauty of yours..

Real estate values have historically come back after decreases but that doesn't mean you actually make any money. If this areas prices dropped say 30% and then stagnated for 10 years (as has happened before) and rebounded to the current levels you would actually lose money if you sold.

Huh? what? Can you say "purchase price?"
Current market prices are 200% and in some cases 300% higher than prices 3+ years ago..so given your perfect storm above (that is without any precedent) and considering carrying costs I would still do much better in 10 years than..bonds? did you say?

If you just bought pre-construction last/this year I understand why you are so defensive, sorry. Don't throw the word dumb around too freely. The "perfect storm" happened in Destin, ask a realtor who has been around. In order to benefit from the prices 3 years ago you need to have purchased a property then and sold it, looks like you did neither ... but you made someone money.

If you just bought pre-construction last/this year I understand why you are so defensive, sorry. Don't throw the word dumb around too freely. The "perfect storm" happened in Destin, ask a realtor who has been around. In order to benefit from the prices 3 years ago you need to have purchased a property then and sold it, looks like you did neither ... but you made someone money.

I own 4 properties in Florida that I intend holding long term. Ariel Dunes was the last, a precon purchase in early 2004. I have no doubt that it will be worth a lot more in 10 years. In any case, since I will be living there, the question is moot.
As for the others, If I were to sell today at "market" I would have an annualized rate of return of over 50%..never mind in 10 years. And yes, I did include carrying costs.
I am defensive because so many posters, like yourself, that live vicariously thru' the SoWal forums, and who spend a few weeks at best in the county, hold little or no real-estate in Florida, are the biggest bears and the loudest doomsayers at large.
Enter the eye of the (real-estate) dragon first and feel the flames of the market with your money on the line and then you may be qualified to say " In order to benefit from the prices 3 years ago you need to have purchased a property then and sold it, looks like you did neither ... but you made someone money."
There is ample historical RE precedent that augurs well for us, in the future.
Just my take....

I showed this to some friends in California who are looking for a beach place, and they flipped when they saw the views and the prices. They are so excited, they are getting on a plane to view properties asap for their own personal usage.

In other parts of the country you can't touch a property like this with these views. I would consider buying one if I weren't afraid of heights.
and I am more a 30A type person. As of now, I have to tie a rope to my waist to stand on my 3rd floor deck on my house.