Dauphin Island's condo and vacation real estate market is relatively young and undiscovered as compared to the better known Alabama Gulf Coast areas such as Orange Beach and Gulf Shores. Dauphin Island isn't far behind however.
New condos and vacation rental homes are being built and are selling reasonably well.
The Holiday Isle is a very large 144-unit condo complex under construction on Bienville Boulevard just to the east of the Inn at Dauphin Island and the Dauphin Island Beach Club. The developers of the Holiday Isle project, The Mitchell Company, maintain the complex will be complete and open for business in the spring of next year.
Fifteen new condo units at The Waters on Lemoyne Drive went on sale this week at prices in the $599,000 to $670,000 range. The developer plans to break ground on the project in mid-November.
According to developer John D. Hunter, Jr. at the Capri I condos, fewer than half of the Capri I condos remain to be sold. Earlier this year all was on track for construction to begin on the Capri I Gulf-front condos just west of the Inn at Dauphin Island condo complex on Dauphin Island. According to Rutherford Smith, one of the developers of Capri I, construction costs are delaying the start of the project.
Elsewhere on the island, the market for vacation rental houses and real estate is firm, but arguably not as strong as that for condos. Currently Dauphin Island realtors hold listings for 237 homes and 161 lots on Dauphin Island. Many of these are vacation properties damaged or destroyed in last year's storms.