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, $900,000 - $1,000,000

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27580 Canal Road Unit 1511, Orange Beach

$975,000

27580 Canal Road Unit 1511, Orange Beach

3 Beds 3 Baths 1,787 SqFt Residential MLS® # 375717

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

Lot 28 Sampson Avenue, Orange Beach

$974,800

↑ $19,900

Lot 28 Sampson Avenue, Orange Beach

4 Beds 3 Baths 2,391 SqFt Residential MLS® # 384250

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

29209 Perdido Beach Boulevard Unit 102, Orange Beach

$965,000

↑ $15,000

29209 Perdido Beach Boulevard Unit 102, Orange Beach

3 Beds 3 Baths 2,217 SqFt Residential MLS® # 373019

Pointe South

28107 Perdido Beach Boulevard Unit D-1211, Orange Beach

$959,900

↓ $15,000

28107 Perdido Beach Boulevard Unit D-1211, Orange Beach

3 Beds 3 Baths 1,796 SqFt Residential MLS® # 377249

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

3564 Bayou Road Unit D207, Orange Beach

$959,000

3564 Bayou Road Unit D207, Orange Beach

4 Beds 4 Baths 1,915 SqFt Residential MLS® # 385852

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

2778 Salt Drive, Orange Beach

$959,000

2778 Salt Drive, Orange Beach

4 Beds 5 Baths 2,460 SqFt Residential MLS® # 382631

White Shores Realty, LLC

28250 Canal Road Unit 1106, Orange Beach

$958,999

↓ $25,001

28250 Canal Road Unit 1106, Orange Beach

4 Beds 4 Baths 2,815 SqFt Residential MLS® # 369988

RE/MAX of Gulf Shores

24310 Perdido Beach Boulevard Unit 301-a, Orange Beach

$955,000

↓ $30,000

24310 Perdido Beach Boulevard Unit 301-a, Orange Beach

3 Beds 2 Baths 1,683 SqFt Residential MLS® # 377343

RE/MAX of Orange Beach PHONE: 251-554-1493

26072 Perdido Beach Boulevard Unit 201e, Orange Beach

$950,000

26072 Perdido Beach Boulevard Unit 201e, Orange Beach

3 Beds 3 Baths 1,633 SqFt Residential MLS® # 386228

RE/MAX Paradise

28105 Perdido Beach Boulevard Unit C313, Orange Beach

$950,000

28105 Perdido Beach Boulevard Unit C313, Orange Beach

3 Beds 3 Baths 1,896 SqFt Residential MLS® # 375899

MarMac Real Estate Coastal PHONE: 256-335-6360

23972 Perdido Beach Boulevard Unit 2508, Orange Beach

$950,000

↓ $100,000

23972 Perdido Beach Boulevard Unit 2508, Orange Beach

3 Beds 4 Baths 1,926 SqFt Residential MLS® # 359514

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

27770 Canal Road Unit 2405, Orange Beach

$949,000

27770 Canal Road Unit 2405, Orange Beach

3 Beds 3 Baths 1,739 SqFt Residential MLS® # 383999

Signature Properties

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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