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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26302 Perdido Beach Boulevard Unit D1609, Orange Beach

$2,999,000

26302 Perdido Beach Boulevard Unit D1609, Orange Beach

4 Beds 5 Baths 3,504 SqFt Residential MLS® # 373799

RE/MAX of Orange Beach PHONE: 251-979-9198

29765 St John Drive, Orange Beach

$2,990,000

↑ $90,000

29765 St John Drive, Orange Beach

6 Beds 6 Baths 7,078 SqFt Residential MLS® # 384580

Bellator RE LLC Orange Beach PHONE: 251-979-6600

29040 Perdido Beach Boulevard Unit 1401, Orange Beach

$2,975,000

29040 Perdido Beach Boulevard Unit 1401, Orange Beach

6 Beds 6 Baths 3,148 SqFt Residential MLS® # 385457

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

26302 Perdido Beach Boulevard Unit D2201, Orange Beach

$2,950,000

26302 Perdido Beach Boulevard Unit D2201, Orange Beach

4 Beds 5 Baths 3,504 SqFt Residential MLS® # 379780

MarMac Real Estate Coastal PHONE: 256-483-0434

30475 Harbour Drive Unit Oh-03, Orange Beach

$2,937,000

30475 Harbour Drive Unit Oh-03, Orange Beach

4 Beds 5 Baths 3,225 SqFt Residential MLS® # 384885

Liveoak Realty, LLC

29040 Perdido Beach Boulevard Unit 21b2, Orange Beach

$2,930,000

↑ $100,000

29040 Perdido Beach Boulevard Unit 21b2, Orange Beach

4 Beds 5 Baths 3,005 SqFt Residential MLS® # 361721

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

3001 Dover Street, Orange Beach

$2,850,000

3001 Dover Street, Orange Beach

4 Beds 4 Baths 2,792 SqFt Residential MLS® # 378356

RE/MAX Paradise

32220 River Road, Orange Beach

$2,825,000

↓ $70,000

32220 River Road, Orange Beach

4 Beds 3 Baths 3,900 SqFt Residential MLS® # 381305

RE/MAX Paradise

28452 Ono Boulevard, Orange Beach

$2,800,000

28452 Ono Boulevard, Orange Beach

5 Beds 5 Baths 6,100 SqFt Residential MLS® # 381213

RE/MAX of Orange Beach PHONE: 251-424-4123

29040 Perdido Beach Boulevard Unit 10b2, Orange Beach

$2,799,000

29040 Perdido Beach Boulevard Unit 10b2, Orange Beach

5 Beds 5 Baths 3,005 SqFt Residential MLS® # 385777

Avast Realty Orange Beach PHONE: 850-261-3540

3005 Dover Street, Orange Beach

$2,699,000

3005 Dover Street, Orange Beach

4 Beds 6 Baths 2,994 SqFt Residential MLS® # 384494

ARC Realty

3840 Cotton Way, Orange Beach

$2,690,000

↓ $210,000

3840 Cotton Way, Orange Beach

4 Beds 6 Baths 2,805 SqFt Residential MLS® # 372714

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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