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.

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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$295,000

25925 Canal Road Unit 205, Orange Beach

2 Beds 2 Baths 749 SqFt Residential MLS® # 386414

EXP Realty Seaside PHONE: 251-279-0099

24060 Perdido Beach Boulevard Unit 1302, Orange Beach

$289,000

↓ $6,000

24060 Perdido Beach Boulevard Unit 1302, Orange Beach

1 Bed 1 Bath 595 SqFt Residential MLS® # 384685

Beach Home Alabama Realty LLC

28813 Perdido Beach Boulevard Unit 203, Orange Beach

$280,000

↓ $5,000

28813 Perdido Beach Boulevard Unit 203, Orange Beach

0 Beds 1 Bath 400 SqFt Residential MLS® # 384730

eXp Realty Southern Branch CELL: 251-210-7088

$279,500

28813 Perdido Beach Boulevard Unit 206, Orange Beach

0 Beds 1 Bath 400 SqFt Residential MLS® # 376646

RE/MAX of Orange Beach PHONE: 251-979-8899

$279,000

5614 Georgia Street, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 386319

EXIT Realty Orange Beach

$275,000

4650 Griffith Marina Road Unit 8, Orange Beach

1 Bed 1 Bath 200 SqFt Residential MLS® # 376482

Coastal Stays Realty CELL: 251-727-6977

23044 Perdido Beach Boulevard Unit 367, Orange Beach

$270,000

↓ $9,000

23044 Perdido Beach Boulevard Unit 367, Orange Beach

1 Bed 2 Baths 616 SqFt Residential MLS® # 381875

RE/MAX of Orange Beach PHONE: 251-609-5767

$265,000

↓ $20,000

26558 Carondelette Drive, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 378312

RE/MAX of Orange Beach PHONE: 251-786-4915

$265,000

4650 Griffith Marina Road Unit 6, Orange Beach

1 Bed 1 Bath 264 SqFt Residential MLS® # 376478

Coastal Stays Realty CELL: 251-727-6977

$265,000

Cotton Bayou Drive, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 385840

Keller Williams AGC Realty - Orange Beach PHONE: 251-284-0638

$265,000

Cotton Bayou Drive, Orange Beach

0 Beds 0 Baths 0 SqFt Land MLS® # 385841

Keller Williams AGC Realty - Orange Beach PHONE: 251-284-0638

$264,000

23044 Perdido Beach Boulevard Unit 364, Orange Beach

1 Bed 2 Baths 616 SqFt Residential MLS® # 385147

RE/MAX of Gulf Shores

1 64 65 66 67 68 69

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 July 14th, 2024