Alerio is Newest Condo on Old Highway 98
There is something new on Old 98 in Miramar Beach: Alerio, a new condominium complex developed by Norman McLean and Keith Gamble, is the first of its kind to hit this stretch of beach on U.S. Highway 98 since 2007. The first of five planned buildings will contain 88 units when completed. At press time, 42 of the units, or nearly half, were sold.
Alerio features two- and three-bedroom layouts with 9-foot ceilings, crown moulding, stainless appliances, granite countertops, hard surface flooring throughout, plus a washer/dryer. Each unit boasts a balcony off of the living area, and all owners can enjoy a property that is gated, fenced and secured with keypad locks on exterior doors.
The property — which is near to shopping, golf courses and a range of restaurants — also features a large pool, a 10-person hot tub, poolside barbecue grills and a kids’ splash pad.
Capitalizing on its proximity to the beach (just a block away from both a public and private beach access), interior designers from Sugar Beach Interiors, Risa’s Interiors and J. Miller Furniture have designed model homes with easy-care furnishings awash in natural, soothing, coastal-inspired hues fitting for a home on the Emerald Coast. Tropical design touches to these open living plans give Alerio a fresh, relaxing, beachy vibe — vacation living at its best.
With pre-construction prices ranging from $219,000 to $339,000, beach-loving buyers are snatching them up.
“The pricing is very compelling, and at $369 a month for a two-bedroom, the monthly association fees are low for this area,” says broker associate Jennifer Howard, who was selected to lead sales for the development through SRE Real Estate Sales.
Howard points out that Alerio appeals to a cross-section of the market, saying: “Owners here range from people who live in Alerio full time to those who use it as a second home, to those who have it as a vacation rental investment.”
But as a “condotel” (condo hotel), developers hope Alerio exceeds the expectations of discerning local and out-of-market buyers looking to invest in a resort-style, vacation rental-ready condo with high-end finishes, on-site check-in services convenient for short-term rentals, and the largest lure — prime deeded beach access.
Alerio owners have the option to use Coastal Properties Association Management, the designated on-site rental company, or another company of their choice.
Why should home buyers and property investors consider Alerio? Howard believes this property has it all.
“Alerio is the only new development with multi-family buildings being built on Old Highway 98 in Miramar Beach,” she says. “At this price, with these amenities, it’s really hard to beat.”