Lagoon Tower is an high end lagoon front condo development on West Beach in Gulf Shores, Alabama. With only two units per floor, Lagoon Tower is the ultimate in low densitey luxury on the Alabama's Gulf Coast. With the slow down in the market, Lagoon Tower's values have fallen to less than half of what they were when the market peaked just a few short years ago, with original sales prices ranging from 800K to 1Mil+.
The Lagoon Tower units ending in 01 face the Gulf of Mexico and the units in ending in 02 face the Lagoon. The views from either side of the building are panoramic and stretch for as far as the eye can see. Although the unit is across the street from the beach, the views of the gulf from the balcony in 901 are protected from future high rise construction on the gulfside of the beach. Ammeniteis include indoor and outdoor pools, a fishing pier and deeded gulf beach access.
My Lagoon Tower unit 901 was just reduced by 50K to $350,000. It is a short sale, yet Regions Bank has approved the short sale on the 1st mortgage and a team of lawyers is presently in negotitions on the 2nd. This unit is sold completely furnished.