Orange Beach council to consider investor's pitch for Perdido Pass parcels | al.com

Orange Beach council to consider investor's pitch for Perdido Pass parcels | al.com: "ORANGE BEACH, Ala. -- An investor has offered to buy three publicly owned waterfront lots, prompting the City Council to schedule a closed session this evening to mull the bid.

The parcels, situated between the sea wall and private property on the east edge of Perdido Pass, amount to a little less than an acre.

In 2005, amid a scorching real estate market, Orange Beach struck a deal to sell the land to developer Rick Phillips for $3.5 million. But that deal never came to fruition."