.52.png)
Ono Island New Construction Market Analysis
In this market analysis, we delve into the new construction home market on Ono Island in Orange Beach, Alabama, comparing year-to-date activity from 2023 to 2024. Discover why Ono Island remains a top choice for discerning buyers, with its exclusive location, Gold Fortified homes, and the significant benefits they bring, including enhanced safety and reduced homeowners insurance. We explore active listings, pending sales, and closed transactions, highlighting the strong demand and solid investment opportunities on this prestigious island. If you're considering purchasing a new construction home on Ono Island, our expert real estate team is ready to assist you in finding the perfect property and connecting you with top-notch builders.
As of year-to-date in 2024, the market for new construction homes on Ono Island in Orange Beach, Alabama, remains robust and appealing to discerning buyers. Ono Island is increasingly popular, with a high demand for new construction homes, largely driven by the benefits they offer, such as Gold Fortified roofs and construction standards that enhance safety and can significantly reduce homeowners insurance premiums.
Active Listings
There are currently three active new construction homes on Ono Island. The prices range from $899,900 to $5,300,000, with living areas varying between 2,402 and 4,718 square feet. The average list price per square foot for these homes is approximately $623.87. These homes highlight the ongoing development and desirability of new properties on the island.
Search Ono Island Homes and Real Estate Listings For Sale | Orange Beach Alabama Realtors
Pending Sales
Two new construction homes are currently under contract, with listing prices of $995,000 and $1,948,000. These homes have an average price per square foot of $456.90, reflecting strong market interest and competitive pricing in this exclusive area. The homes under contract demonstrate the continued demand for modern, well-built residences on Ono Island.
Closed Sales
This year, two new construction homes have sold on Ono Island. The average sale price was $1,230,701, with a price per square foot averaging $317.98. These sales indicate a solid market performance, with homes selling close to their listing prices, a testament to the value buyers place on the quality and location of these properties.
Investment Insight
Investing in new construction on Ono Island is a solid choice for both primary residences and vacation properties. The appeal of Gold Fortified homes, which offer enhanced safety and reduced insurance costs, combined with the island's exclusive and tranquil environment, makes these properties particularly attractive. The ongoing interest and high demand for new construction homes on Ono Island reflect a strong and vibrant market, ideal for buyers looking for a long-term investment in a prestigious location.
If you're considering purchasing a new construction home on Ono Island, my team and I are here to help you navigate the process. We can connect you with excellent home builders who specialize in creating luxurious, fortified homes that meet the highest standards of safety and design. Don't miss the opportunity to own a piece of this paradise—let us guide you every step of the way.
Leave A Comment