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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23094 Perdido Beach Boulevard Unit 511, Orange Beach

$725,000

↓ $25,000

23094 Perdido Beach Boulevard Unit 511, Orange Beach

3 Beds 3 Baths 1,238 SqFt Residential MLS® # 377151

RE/MAX Paradise

28105 Perdido Beach Boulevard Unit C211, Orange Beach

$725,000

↓ $60,000

28105 Perdido Beach Boulevard Unit C211, Orange Beach

3 Beds 3 Baths 1,796 SqFt Residential MLS® # 376857

RE/MAX of Orange Beach PHONE: 225-247-4655

24400 Perdido Beach Boulevard Unit 1412, Orange Beach

$724,000

↓ $5,000

24400 Perdido Beach Boulevard Unit 1412, Orange Beach

3 Beds 2 Baths 1,392 SqFt Residential MLS® # 379922

Bellator RE LLC Orange Beach PHONE: 251-923-6436

25174 Perdido Beach Boulevard Unit 904w, Orange Beach

$720,000

25174 Perdido Beach Boulevard Unit 904w, Orange Beach

2 Beds 2 Baths 1,341 SqFt Residential MLS® # 385958

RE/MAX Paradise

28103 Perdido Beach Boulevard Unit B609, Orange Beach

$720,000

↓ $29,000

28103 Perdido Beach Boulevard Unit B609, Orange Beach

2 Beds 2 Baths 1,401 SqFt Residential MLS® # 375488

eXp Realty Southern Branch PHONE: 225-302-6173

29101 Perdido Beach Boulevard Unit 305, Orange Beach

$719,900

29101 Perdido Beach Boulevard Unit 305, Orange Beach

3 Beds 2 Baths 1,125 SqFt Residential MLS® # 382895

Bayside Real Estate Group

24132 Perdido Beach Boulevard Unit 1081, Orange Beach

$719,000

24132 Perdido Beach Boulevard Unit 1081, Orange Beach

3 Beds 2 Baths 1,340 SqFt Residential MLS® # 380605

Classic Realty LLC

27501 Perdido Beach Boulevard Unit 404, Orange Beach

$718,500

↓ $6,400

27501 Perdido Beach Boulevard Unit 404, Orange Beach

2 Beds 3 Baths 1,500 SqFt Residential MLS® # 368305

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

24400 Perdido Beach Boulevard Unit 017, Orange Beach

$715,000

24400 Perdido Beach Boulevard Unit 017, Orange Beach

3 Beds 2 Baths 1,411 SqFt Residential MLS® # 385420

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

24770 Perdido Beach Boulevard Unit 402, Orange Beach

$715,000

↓ $15,000

24770 Perdido Beach Boulevard Unit 402, Orange Beach

3 Beds 2 Baths 1,260 SqFt Residential MLS® # 379144

Coastal Living Properties, LLC CELL: 251-458-9958

25240 Perdido Beach Boulevard Unit 602c, Orange Beach

$712,500

↓ $7,000

25240 Perdido Beach Boulevard Unit 602c, Orange Beach

2 Beds 2 Baths 1,341 SqFt Residential MLS® # 385803

RE/MAX of Orange Beach PHONE: 251-504-1121

26065 Cotton Bayou Drive, Orange Beach

$709,000

↓ $20,000

26065 Cotton Bayou Drive, Orange Beach

4 Beds 2 Baths 2,063 SqFt Residential MLS® # 384639

Keller Williams AGC Realty - Orange Beach DIR: 251-377-3335

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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