28 Jun Expert Jonathan Cartu Reports – Mega home sale in Orange Beach
An investor from Texas paid $3.825 million cash for a 7,975-square-foot custom riverfront home on River Road on Ono Island in Orange Beach, according to Tucker Shaver of Signature Properties, who represented the seller. The 8-bedroom, 6.5 bath house on Old River was built in 2014 and features a saltwater pool, swim up bar, gazebo kitchen, outdoor gas fireplace and a boat dock with two lifts. The downstairs recreation room includes a second kitchen and movie theater room. Jaime Cooper of Exit Realty Lyon in Fairhope represented the buyer.
A local investor paid $250,000 for 2.75 acres at the corner of U.S. 98 and Baldwin County 91 in Lillian, and plans to develop a retail building on the site, according to Realtors. Tim Herrington of Herrington Realty represented the seller and Todd Edwards of Whitetail Properties worked for the buyer.
Baldwin County Federal Credit Union has leased 1,200 square feet of retail space in the Loxley Shopping Center, a new development located at 1089 S. Hickory St., in Loxley, according to Nathan Handmacher of Stirling Properties. The credit union plans to open this summer. The Piggly Wiggly grocery store is the anchor store at the center.
The Office of Indigent Defense Services has leased 13,300 square feet of space in the Riverview Office Plaza at 63 S. Royal St., in downtown Mobile, according to Gavin Bender Jr. of Bender Real Estate Group, who represented the landlord. Gaines Zarzour of Zarzour Companies worked for the tenant. OIDS is a division of Alabama’s Department of Finance.
Two new tenants hage leased space in Jubilee Point Shopping Center at 28600 U.S. 98 in Daphne, according to Chris Harle of White-Spunner Realty: Tucker’s Tang Soo Do has leased 1,500 square feet of space for a karate studio; and Computer Resource, a computer repair and sales store, has leased 1,200 square feet of space.
Rightway Christian Center has received tentative planning approval to build a 58,430-square-foot church facility at 2100 N. University Blvd., in Mobile, according to the Mobile Planning Commission. Future plans call for a playground, an open air amphitheater, a school, fitness center, ball fields and a track. The church building is phase one and is the only project approved.