Exploring Real Estate Opportunities in Orange Beach: Trends and Developments

In Orange Beach, Alabama, the real estate market is characterized by robust new construction and a high demand for the coastal lifestyle. 

Orange Beach Market Watch July 2024

New developments are enhancing the area's attractiveness. These include new construction in neighborhoods like Ono Island and the introduction of oceanfront condo complexes such as Phoenix Key Tower I and Phoenix South Point Condo, which cater to the growing demand for luxury and waterfront living. Such developments are significant, indicating strong confidence among developers in the enduring appeal of Orange Beach as a prime location.

Regarding recent market trends, analysis shows a shift in the dynamic of residential sales and property prices. Year-over-year data indicates that while the number of residential sales in Orange Beach decreased from 288 in the second quarter of 2023 to 236 in the same period of 2024, there has been an increase in property prices—from an average sales price of $795,141 in the second quarter of 2023 to $874,697 in 2024. This suggests that the market is experiencing higher-value transactions despite fewer sales.

SEARCH ORANGE BEACH REAL ESTATE LISTINGS FOR SALE, $500,000 - $600,000

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Harbour Drive, Orange Beach

$599,900

Harbour Drive, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 384277

South Coast Properties

24400 Perdido Beach Boulevard Unit 306, Orange Beach

$599,900

↓ $30,100

24400 Perdido Beach Boulevard Unit 306, Orange Beach

2 Beds 2 Baths 1,064 SqFt Residential MLS® # 375513

Brett R/E Robinson Dev OB Main: 251-981-6180

5328 Pensacola Avenue, Orange Beach

$599,000

5328 Pensacola Avenue, Orange Beach

4 Beds 3 Baths 2,223 SqFt Residential MLS® # 386219

EXIT Realty Orange Beach

24649 Cross Lane Unit 311, Orange Beach

$599,000

24649 Cross Lane Unit 311, Orange Beach

3 Beds 2 Baths 1,340 SqFt Residential MLS® # 380388

eXp Realty Southern Branch PHONE: 678-457-0677

24400 Perdido Beach Boulevard Unit 415, Orange Beach

$599,000

↓ $10,000

24400 Perdido Beach Boulevard Unit 415, Orange Beach

2 Beds 2 Baths 1,064 SqFt Residential MLS® # 380384

RE/MAX of Orange Beach CELL: 251-978-5989

24400 Perdido Beach Boulevard Unit 504, Orange Beach

$599,000

↓ $26,000

24400 Perdido Beach Boulevard Unit 504, Orange Beach

2 Beds 2 Baths 1,064 SqFt Residential MLS® # 378792

RE/MAX of Orange Beach PHONE: 251-979-8899

22984 Perdido Beach Boulevard Unit 52d, Orange Beach

$599,000

↓ $21,000

22984 Perdido Beach Boulevard Unit 52d, Orange Beach

2 Beds 3 Baths 1,177 SqFt Residential MLS® # 377239

RE/MAX of Orange Beach PHONE: 251-776-4690

5393 Armadillo Avenue, Orange Beach

$599,000

↓ $16,000

5393 Armadillo Avenue, Orange Beach

3 Beds 4 Baths 1,824 SqFt Residential MLS® # 371821

EXIT Realty Orange Beach

25800 Perdido Beach Boulevard Unit 1005, Orange Beach

$599,000

↓ $25,000

25800 Perdido Beach Boulevard Unit 1005, Orange Beach

2 Beds 2 Baths 1,100 SqFt Residential MLS® # 369666

Dolphin Cove Realty LLC

24114 Perdido Beach Boulevard Unit 503, Orange Beach

$595,000

24114 Perdido Beach Boulevard Unit 503, Orange Beach

1 Bed 1 Bath 723 SqFt Residential MLS® # 386002

Keller Williams AGC Realty-Da PHONE: 225-290-4554

4206 Antigua Court, Orange Beach

$595,000

↓ $30,000

4206 Antigua Court, Orange Beach

3 Beds 3 Baths 1,978 SqFt Residential MLS® # 384356

Goode Realty, LLC

26072 Perdido Beach Boulevard Unit 104 West, Orange Beach

$595,000

↓ $4,000

26072 Perdido Beach Boulevard Unit 104 West, Orange Beach

2 Beds 3 Baths 1,443 SqFt Residential MLS® # 383560

Keller Williams AGC Realty - Orange Beach PHONE: 251-923-8390

Interest rates are a significant factor in market dynamics. A potential reduction in interest rates might improve affordability, boost the buying market, and potentially lead to an increase in sales volumes. It's suggested that lower rates could stimulate more activity and benefit both buyers and sellers.

The demand for properties in Orange Beach continues to be strong, driven by its picturesque white sandy beaches, turquoise waters, nautical activities, and relaxed culture, which continues to draw a diverse array of buyers.

For those interested in real estate investments or considering relocating to a scenic location, Orange Beach presents solid opportunities. With support from skilled realtors, navigating this market can successfully lead to positive outcomes both in the short and long term.


Posted by Meredith Folger Amon on

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