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, $700,000 - $800,000

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24400 Perdido Beach Boulevard Unit 701, Orange Beach

$792,500

↓ $20,000

24400 Perdido Beach Boulevard Unit 701, Orange Beach

3 Beds 2 Baths 1,394 SqFt Residential MLS® # 381957

RE/MAX on the Coast

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28107 Perdido Beach Boulevard Unit D714, Orange Beach

$790,000

↑ $10,000

28107 Perdido Beach Boulevard Unit D714, Orange Beach

3 Beds 3 Baths 1,796 SqFt Residential MLS® # 386418

eXp Realty Southern Branch PHONE: 251-600-9214

25360 Perdido Beach Boulevard Unit 502, Orange Beach

$790,000

↓ $5,000

25360 Perdido Beach Boulevard Unit 502, Orange Beach

3 Beds 2 Baths 1,302 SqFt Residential MLS® # 385462

RE/MAX Paradise

27770 Canal Road Unit 2103, Orange Beach

$790,000

27770 Canal Road Unit 2103, Orange Beach

3 Beds 3 Baths 2,080 SqFt Residential MLS® # 384598

Keller Williams AGC Realty-Da PHONE: 256-366-0665

26563 Cotton Bayou Drive, Orange Beach

$789,900

↓ $4,100

26563 Cotton Bayou Drive, Orange Beach

4 Beds 3 Baths 2,272 SqFt Residential MLS® # 381688

RE/MAX of Gulf Shores

28103 Perdido Beach Boulevard Unit B914, Orange Beach

$789,900

↓ $4,100

28103 Perdido Beach Boulevard Unit B914, Orange Beach

3 Beds 3 Baths 1,706 SqFt Residential MLS® # 375987

Lewis & Co. Real Estate

26802 Perdido Beach Boulevard Unit 703, Orange Beach

$789,000

↓ $10,000

26802 Perdido Beach Boulevard Unit 703, Orange Beach

3 Beds 2 Baths 1,392 SqFt Residential MLS® # 384589

REMAX OF ORANGE BEACH-CANAL BR CELL: 251-747-5710

4847 Boat Street, Orange Beach

$789,000

4847 Boat Street, Orange Beach

3 Beds 3 Baths 1,731 SqFt Residential MLS® # 384214

RE/MAX of Orange Beach PHONE: 251-786-4915

4849 Boat Street, Orange Beach

$789,000

4849 Boat Street, Orange Beach

3 Beds 3 Baths 1,731 SqFt Residential MLS® # 384212

RE/MAX of Orange Beach PHONE: 251-786-4915

24250 Perdido Beach Boulevard Unit 4153, Orange Beach

$789,000

↑ $9,000

24250 Perdido Beach Boulevard Unit 4153, Orange Beach

3 Beds 2 Baths 1,407 SqFt Residential MLS® # 354402

RE/MAX of Orange Beach PHONE: 251-533-6677

5639 Pensacola Avenue, Orange Beach

$788,000

↓ $2,000

5639 Pensacola Avenue, Orange Beach

4 Beds 4 Baths 2,325 SqFt Residential MLS® # 382098

Living My Best Life Realty Main: 251-948-5335

27006 Canal Road Unit B 203, Orange Beach

$787,500

27006 Canal Road Unit B 203, Orange Beach

3 Beds 3 Baths 1,540 SqFt Residential MLS® # 344768

RE/MAX Paradise

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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