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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26255 St Lucia Drive, Orange Beach

$750,000

26255 St Lucia Drive, Orange Beach

3 Beds 2 Baths 1,730 SqFt Residential MLS® # 385192

Signature Properties

25800 Perdido Beach Boulevard Unit 1206, Orange Beach

$750,000

25800 Perdido Beach Boulevard Unit 1206, Orange Beach

3 Beds 2 Baths 1,315 SqFt Residential MLS® # 381011

RE/MAX of Orange Beach PHONE: 251-942-5985

24900 Perdido Beach Boulevard Unit 105, Orange Beach

$750,000

24900 Perdido Beach Boulevard Unit 105, Orange Beach

3 Beds 2 Baths 1,266 SqFt Residential MLS® # 380580

Beachball Properties

2503 Saltgrass Way, Orange Beach

$750,000

↓ $25,000

2503 Saltgrass Way, Orange Beach

2 Beds 3 Baths 1,440 SqFt Residential MLS® # 379332

1 Percent Lists The Coast Main: 251-300-9026

23101 Island Oaks Lane Unit 55, Orange Beach

$750,000

↓ $15,000

23101 Island Oaks Lane Unit 55, Orange Beach

2 Beds 3 Baths 1,230 SqFt Residential MLS® # 373255

Century 21 J Carter & Company CELL: 251-979-9781

25342 Perdido Beach Boulevard Unit 202, Orange Beach

$750,000

↓ $19,000

25342 Perdido Beach Boulevard Unit 202, Orange Beach

3 Beds 3 Baths 1,582 SqFt Residential MLS® # 363909

RE/MAX of Orange Beach PHONE: 251-597-9686

28927 Perdido Beach Boulevard Unit 1e, Orange Beach

$749,999

↓ $10,001

28927 Perdido Beach Boulevard Unit 1e, Orange Beach

3 Beds 3 Baths 1,530 SqFt Residential MLS® # 377638

Perdido Key Resort Realty LLC

27770 Canal Road Unit 2304, Orange Beach

$749,999

↓ $10,000

27770 Canal Road Unit 2304, Orange Beach

3 Beds 3 Baths 2,081 SqFt Residential MLS® # 375046

South Coast Properties

25827 W Perdido Avenue, Orange Beach

$749,900

25827 W Perdido Avenue, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 385631

RE/MAX of Orange Beach PHONE: 251-747-1979

25805 Perdido Beach Boulevard Unit 413, Orange Beach

$749,500

25805 Perdido Beach Boulevard Unit 413, Orange Beach

3 Beds 3 Baths 1,495 SqFt Residential MLS® # 385124

Kaiser Sotheby's Int-GS DIR: 251-968-6869

27008 Perdido Beach Boulevard Unit 203, Orange Beach

$749,000

27008 Perdido Beach Boulevard Unit 203, Orange Beach

3 Beds 2 Baths 1,395 SqFt Residential MLS® # 385539

eXp Realty Southern Branch PHONE: 251-550-3730

27120 Perdido Beach Boulevard Unit 2033, Orange Beach

$749,000

27120 Perdido Beach Boulevard Unit 2033, Orange Beach

3 Beds 2 Baths 1,392 SqFt Residential MLS® # 385275

Vicki Lynn Real Estate

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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