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, Over $1,000,000

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29170 Canal Road, Orange Beach

$9,850,000

↓ $150,000

29170 Canal Road, Orange Beach

7 Beds 10 Baths 8,964 SqFt Residential MLS® # 378844

Engel and Volkers Gulf Shores

New
27304 Gulf Road Unit B, Orange Beach

$5,895,000

27304 Gulf Road Unit B, Orange Beach

4 Beds 6 Baths 4,154 SqFt Residential MLS® # 386394

Vicki Lynn Real Estate

New
27304 Gulf Road Unit A, Orange Beach

$5,895,000

27304 Gulf Road Unit A, Orange Beach

4 Beds 6 Baths 4,154 SqFt Residential MLS® # 386392

Vicki Lynn Real Estate

3983 Oleander Court, Orange Beach

$5,500,000

3983 Oleander Court, Orange Beach

5 Beds 5 Baths 3,972 SqFt Residential MLS® # 385551

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

31292 River Road, Orange Beach

$5,300,000

31292 River Road, Orange Beach

6 Beds 7 Baths 4,718 SqFt Residential MLS® # 360051

Signature Properties

23150 Perdido Beach Boulevard, Orange Beach

$4,799,999

↓ $50,001

23150 Perdido Beach Boulevard, Orange Beach

5 Beds 6 Baths 3,488 SqFt Residential MLS® # 378523

RE/MAX Paradise

26350 Perdido Beach Boulevard Unit C2902, Orange Beach

$4,750,000

26350 Perdido Beach Boulevard Unit C2902, Orange Beach

4 Beds 5 Baths 4,756 SqFt Residential MLS® # 373609

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

25122 Perdido Beach Boulevard, Orange Beach

$4,750,000

25122 Perdido Beach Boulevard, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 363696

Lewis & Co. Real Estate

23150 Perdido Beach Boulevard Unit 2, Orange Beach

$4,600,000

↓ $250,000

23150 Perdido Beach Boulevard Unit 2, Orange Beach

10 Beds 10 Baths 5,278 SqFt Residential MLS® # 377811

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

30510 River Road, Orange Beach

$4,500,000

↓ $300,000

30510 River Road, Orange Beach

4 Beds 5 Baths 6,000 SqFt Residential MLS® # 367056

C Properties Sales & Managemen PHONE: 251-979-6011

24678 Cross Lane, Orange Beach

$4,495,000

↓ $5,000

24678 Cross Lane, Orange Beach

6 Beds 8 Baths 3,426 SqFt Residential MLS® # 373259

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

New
24638 Cross Lane, Orange Beach

$4,400,000

↑ $400,000

24638 Cross Lane, Orange Beach

8 Beds 8 Baths 4,252 SqFt Residential MLS® # 386518

eXp Realty Southern Branch CELL: 251-210-7088

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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