Auctions are the buzz word for investors, and and home buyers on the Gulf Coast these days.  Auctions of large blocks of condos in Orange Beach have made the news over the past year or so and some good deals were found.  Of course there are pitfalls with some of these sales if you do not do your homework on maintenance, construction quality and deferred assessments from the HOA (homeowners association).

The current buzz is about "Escapes" condo complex.  I fairly nice complex with nice amenities.  This complex is mostly designed as a Timeshare facility.  Expect the sales prices to be below the current estimates but auctions can be interesting if you do not keep your head and understand the dynamics the auctioneer creates.


Since among other properties, I represent a large Class A condo complex on Dauphin Island to the west of Orange Beach this sale is of particular interest.  Our complexes do not have a direct correlation since all our master bedrooms face the gulf and our balconies are much wider plus we are NOT a Timeshare facility.  At Holiday Isle the design is for fulltime residents and 2nd home buyers.