According to the listing details on the MLS, this property went under contract on Feb. 28, so it's probably getting close to a closing date. I also searched the subdivision for other properties available for sale, but didn't find any.
Are you working with a Realtor to assist you with your home search? If not, please give me a call or e-mail me directly from my profile so we can get started. This way you'll know what is really available and I'll be able to access more information than shows on Trulia, as wonderful as this site is.
I grew up and live in Foley, so I'm very familiar with the market. Please let me know how I can be of further assistance.