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.

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23150 Perdido Beach Boulevard, Orange Beach

$3,495,000

↓ $300,000

23150 Perdido Beach Boulevard, Orange Beach

7 Beds 8 Baths 4,400 SqFt Residential MLS® # 363085

Signature Properties

31668 River Road, Orange Beach

$3,350,000

31668 River Road, Orange Beach

5 Beds 5 Baths 3,648 SqFt Residential MLS® # 368420

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

29040 Perdido Beach Boulevard Unit 23ae3, Orange Beach

$3,175,000

29040 Perdido Beach Boulevard Unit 23ae3, Orange Beach

5 Beds 6 Baths 3,148 SqFt Residential MLS® # 368581

Kaiser Sotheby's Int-GS PHONE: 251-550-5500

26774 Martinique Drive, Orange Beach

$3,175,000

26774 Martinique Drive, Orange Beach

3 Beds 5 Baths 3,400 SqFt Residential MLS® # 366850

Amerisell Realty

28092 Canal Road, Orange Beach

$3,000,000

28092 Canal Road, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 360628

Keller Williams AGC Realty - Orange Beach PHONE: 601-988-7956

27671 Canal Road, Orange Beach

$2,999,000

27671 Canal Road, Orange Beach

7 Beds 7 Baths 3,814 SqFt Residential MLS® # 369924

Realty Executives Gulf Coast PHONE: 251-747-1638

29040 Perdido Beach Boulevard Unit 2103, Orange Beach

$2,995,000

29040 Perdido Beach Boulevard Unit 2103, Orange Beach

5 Beds 6 Baths 3,172 SqFt Residential MLS® # 369931

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

26350 Perdido Beach Boulevard Unit C901, Orange Beach

$2,995,000

↓ $100,000

26350 Perdido Beach Boulevard Unit C901, Orange Beach

4 Beds 5 Baths 3,504 SqFt Residential MLS® # 340972

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

26302 Perdido Beach Boulevard Unit D2301, Orange Beach

$2,895,000

26302 Perdido Beach Boulevard Unit D2301, Orange Beach

4 Beds 5 Baths 3,504 SqFt Residential MLS® # 369578

eXp Realty Southern Branch PHONE: 251-747-1979

26302 Perdido Beach Boulevard Unit D2201, Orange Beach

$2,845,000

↓ $50,000

26302 Perdido Beach Boulevard Unit D2201, Orange Beach

4 Beds 5 Baths 3,504 SqFt Residential MLS® # 353769

MarMac Real Estate Coastal PHONE: 256-483-0434

30994 River Road Unit U26/l14, Orange Beach

$2,795,000

↓ $180,000

30994 River Road Unit U26/l14, Orange Beach

4 Beds 5 Baths 3,240 SqFt Residential MLS® # 367527

Ono Island Luxury Realty LLC

New
28353 Burkart Drive, Orange Beach

$2,750,000

28353 Burkart Drive, Orange Beach

4 Beds 4 Baths 2,676 SqFt Residential MLS® # 370209

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 Amon on

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