Hi everyone,
I've enjoyed reading many of the posts on this board since discovering this site a few days ago. I'm a partner in a Georgia-based real estate development firm and we're thinking of entering the SoWal market. Specfically, we're looking at two possible residential developments, one in Santa Rosa Beach (~1 mile from the beach) and the other is in Inlet Beach (just north of 98). My question for the people who know the area well is this: in your opinion, is this a good/bad/decent/horrible/etc. time to enter the market? We plan to offer residential lots under $300K that are in the 35-40' x 80-100' size. So far I've seens lots of inventory, but not that much that's relatively close the beach and priced under $300K. Any insight will be greatly appreciated.
Thanks,
Alan
I've enjoyed reading many of the posts on this board since discovering this site a few days ago. I'm a partner in a Georgia-based real estate development firm and we're thinking of entering the SoWal market. Specfically, we're looking at two possible residential developments, one in Santa Rosa Beach (~1 mile from the beach) and the other is in Inlet Beach (just north of 98). My question for the people who know the area well is this: in your opinion, is this a good/bad/decent/horrible/etc. time to enter the market? We plan to offer residential lots under $300K that are in the 35-40' x 80-100' size. So far I've seens lots of inventory, but not that much that's relatively close the beach and priced under $300K. Any insight will be greatly appreciated.
Thanks,
Alan