Luxury Gulf Coast Condos Report Record Sales

GALVESTON, Texas - Jan. 26, 2014 - PRLog -- Galveston, TX’s Emerald and Diamond Beach have reported record-breaking sales for year-ending 2013, selling more than 60 homes, which represents over 52 percent and 68 percent of inventory of the luxury living condominiums respectively.  Strategyst LLC, the sales and marketing team for the properties that are owned by IBC BANK reported the results.

“By carefully positioning Galveston as the place to live and vacation we were able to establish Emerald and Diamond Beach as the best values in high-rise luxury living on the Island.  The end result was we were able to attract the attention of buyers who purchased more than 60 homes, representing roughly $23 million in revenue,” said Arnie Seitel, Strategyst LLC president.

According to Seitel, Galveston’s east end and west end, locations for Emerald and Diamond Beach, represent unmatched values on the Gulf Coast.  “With the Gulf of Mexico as your backdrop, Galveston’s Emerald on the East Beach or Diamond Beach on the West Beach, offers residents the very best of island living at unsurpassed values available in today’s housing market.  It just depends on your taste.”

Emerald, one of the Island’s newest high-rise additions offers close proximity to the myriad of downtown attractions, as well as shops, restaurants and many of the island’s local offerings.  And, it is in walking distance to the University of Texas Medical Branch (UTMB).  Emerald is the highest elevated high rise on the Island.

Diamond Beach is a secluded luxury residence that offers homeowners a combination of natural beauty.  It has the most amenities of any resort on the Island including the newly renovated Solis Spa, which offers an exceptional menu of massage therapy and wellness.  Diamond Beach’s three swimming pools -- from the sophisticated to family friendly -- are the Lazy River 300-foot long pool with constant flow; the children's pool with a deluxe water slide; and an indoor pool, the only one of its kind in Galveston.  Diamond Beach also has 2 hot pools and private cabanas.

Seitel credits the partnership between IBC Bank and the Strategyst sales team effort in finding the value proposition for the success to date.

“Galveston is alive and we recognized the tremendous opportunity that Galveston affords both part-time and full time residents,” he said.

“IBC Bank is strongly committed to the Galveston community and that commitment is reflected in our investment in these properties,” said Jennifer Hoff, IBC Senior Vice President. “We are extremely pleased with the progress made to date and look forward to continued success.”

IBC Bank was founded in 1966, and has assets in excess of $12 billion making it one of Texas’ largest holding companies.

About Strategyst LLC - Strategyst LLC is a project sales organization. Their experience and expertise crosses over a wide variety of markets including resort properties, urban, residential and distressed real estate, luxury high-rise, master planned communities and internationally branded properties such as The Ritz-Carlton, Orient-Express, Marriott and Starwood. www.strategystllc.com

About IBC Bank  - Emerald and Diamond Beach are supported by one of the most trusted financial institutions in Texas. IBC (International Bancshares Corporation) was founded in 1966 to meet the needs of small businesses in Laredo, Texas.   Today, IBC Bank serves as the flagship bank of International Bancshares Corporation. Since its opening, IBC has grown from less than S1 million in assets to more than $12 billion, making it one of Texas' largest holding companies. IBC now serves 88 communities throughout Texas and Oklahoma with 217 branches and more than 370 ATMs and provides full-service banking seven days a week. www.IBC.com