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, $800,000 - $900,000

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25020 Perdido Beach Boulevard Unit 1505-a, Orange Beach

$879,000

↓ $10,000

25020 Perdido Beach Boulevard Unit 1505-a, Orange Beach

3 Beds 2 Baths 1,560 SqFt Residential MLS® # 385036

RE/MAX Paradise

New
24310 Perdido Beach Boulevard Unit 402b, Orange Beach

$875,000

24310 Perdido Beach Boulevard Unit 402b, Orange Beach

3 Beds 2 Baths 1,683 SqFt Residential MLS® # 386415

Elite By The Beach, LLC CELL: 251-228-3880

27189 Blue Marlin Drive, Orange Beach

$875,000

27189 Blue Marlin Drive, Orange Beach

4 Beds 4 Baths 2,283 SqFt Residential MLS® # 386246

JPAR Gulf Coast - Spanish Fort PHONE: 251-262-3176

13 Meeting Street, Orange Beach

$875,000

13 Meeting Street, Orange Beach

2 Beds 2 Baths 1,676 SqFt Residential MLS® # 385109

RE/MAX of Orange Beach PHONE: 251-597-8125

28250 Canal Road Unit 407, Orange Beach

$875,000

28250 Canal Road Unit 407, Orange Beach

3 Beds 3 Baths 2,342 SqFt Residential MLS® # 383528

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

5 Claudette Circle, Orange Beach

$875,000

↓ $24,000

5 Claudette Circle, Orange Beach

4 Beds 6 Baths 3,281 SqFt Residential MLS® # 381022

Bellator RE LLC Orange Beach PHONE: 251-233-8613

24310 Perdido Beach Boulevard Unit 704a, Orange Beach

$875,000

↓ $75,000

24310 Perdido Beach Boulevard Unit 704a, Orange Beach

3 Beds 2 Baths 1,683 SqFt Residential MLS® # 379139

White Shores Realty, LLC

28107 Perdido Beach Boulevard Unit D1209, Orange Beach

$875,000

28107 Perdido Beach Boulevard Unit D1209, Orange Beach

2 Beds 2 Baths 1,602 SqFt Residential MLS® # 378878

Caribe Realty, Inc. PHONE: 251-747-1232

28900 Perdido Beach Boulevard Unit 3a, Orange Beach

$875,000

28900 Perdido Beach Boulevard Unit 3a, Orange Beach

3 Beds 3 Baths 1,626 SqFt Residential MLS® # 374158

RE/MAX of Orange Beach CELL: 251-752-0497

28250 Canal Road Unit 104, Orange Beach

$875,000

↓ $20,000

28250 Canal Road Unit 104, Orange Beach

3 Beds 3 Baths 2,311 SqFt Residential MLS® # 368094

Goode Realty, LLC

28105 Perdido Beach Boulevard Unit C514, Orange Beach

$870,000

↓ $10,000

28105 Perdido Beach Boulevard Unit C514, Orange Beach

3 Beds 3 Baths 1,796 SqFt Residential MLS® # 377096

RE/MAX of Orange Beach PHONE: 334-654-0750

New
30610 Ono North Loop, Orange Beach

$869,900

30610 Ono North Loop, Orange Beach

4 Beds 4 Baths 2,251 SqFt Residential MLS® # 386598

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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