Orange Beach Condo Market Report – Last 90 Days

Posted by Meredith Folger Amon on Thursday, May 8th, 2025  8:21pm.




Orange Beach Condo Market Report – Last 90 Days

By Meredith Amon, Licensed in Alabama and Florida

Orange Beach Alabama Condo Market Real Estate


Market Overview: March – May 2025

Active Listings

Sold Listings (Past 90 Days)

Price Per Square Foot (PPSF):


Key Insights

Luxury Market Still Strong

Luxury condos in prime buildings like Phoenix OB II, Phoenix Gulf Towers, Turquoise Place, and The Yacht Club are maintaining high prices per square foot – often exceeding $750/sq ft, with a few topping $850/sq ft. For example:

Insight for Buyers: If you're purchasing for appreciation and rental performance, these newer, high-demand buildings continue to deliver long-term value. But be ready to compete or pay close to ask if turnkey.

Contact Meredith Amon Gulf Coast Realtor

Mid-Market Cooling Slightly

Condos between $500K–$800K remain a large and active segment, but days on market are increasing. Examples include:

Tip for Sellers: Units in this segment should highlight updated interiors and strong rental performance. Buyers have options, and presentation is key.

Entry-Level & Investment Units Under $400K

Smaller condos such as Sugar Beach, Palmetto, Lei Lani, and Seaside Beach continue to move quickly, particularly for buyers prioritizing short-term rental ROI or affordability:

Investor Insight: These are often cash purchases and offer some of the highest cap rates, though they require management and may face more wear-and-tear from turnover.

Orange Beach Alabama


Buyer Trends & Demand Sources

Buyers are largely:

Quote from a recent neighbor:
"We’ve had more Midwest traffic this spring than ever before. They’re looking to escape the cold and own something they can enjoy and rent out too."


Absorption Rate & Inventory Pressure

This shows a significant buyer’s market with abundant inventory, giving buyers more negotiating power and room for price adjustments.

Tip for Sellers: Price precisely from day one. Overpricing = extended DOM = stale listing.

Orange Beach Alabama Condos Real Estate Review


Predictions for Summer 2025


My Suggestions

For Sellers:

For Buyers:


The Orange Beach condo market is transitioning, but it’s full of opportunity. If you're thinking about buying, selling, or investing on the Gulf Coast, I’d love to help you navigate the process. You can explore all current listings at:

www.searchthegulf.com

 

SEARCH ORANGE BEACH CONDOS FOR SALE

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23450 Perdido Beach Boulevard Unit 2215, Orange Beach

$895,900

23450 Perdido Beach Boulevard Unit 2215, Orange Beach

3 Beds 4 Baths 1,959 SqFt Residential MLS® # 385182

Journey South LLC

29250 Perdido Beach Boulevard Unit 205, Orange Beach

$895,000

↓ $30,000

29250 Perdido Beach Boulevard Unit 205, Orange Beach

3 Beds 3 Baths 1,860 SqFt Residential MLS® # 383535

RE/MAX on the Coast

27770 Canal Road Unit 506, Orange Beach

$895,000

27770 Canal Road Unit 506, Orange Beach

3 Beds 3 Baths 1,737 SqFt Residential MLS® # 385652

Keller Williams AGC Realty-Da PHONE: 251-232-5640

23450 Perdido Beach Boulevard Unit 2015, Orange Beach

$885,000

23450 Perdido Beach Boulevard Unit 2015, Orange Beach

3 Beds 4 Baths 1,959 SqFt Residential MLS® # 379931

IXL Real Estate-Eastern Shore PHONE: 251-979-0711

25020 Perdido Beach Boulevard Unit 1505-a, Orange Beach

$879,000

↓ $10,000

25020 Perdido Beach Boulevard Unit 1505-a, Orange Beach

3 Beds 2 Baths 1,560 SqFt Residential MLS® # 385036

RE/MAX Paradise

27800 Canal Road, Orange Beach

$879,000

27800 Canal Road, Orange Beach

3 Beds 3 Baths 1,822 SqFt Residential MLS® # 385505

Coastal Leaders Realty Group PHONE: 251-589-7815

28250 Canal Road Unit 104, Orange Beach

$875,000

↓ $20,000

28250 Canal Road Unit 104, Orange Beach

3 Beds 3 Baths 2,311 SqFt Residential MLS® # 368094

Goode Realty, LLC

28250 Canal Road Unit 407, Orange Beach

$875,000

28250 Canal Road Unit 407, Orange Beach

3 Beds 3 Baths 2,342 SqFt Residential MLS® # 383528

Keller Williams AGC Realty - Orange Beach PHONE: 251-923-8390

28900 Perdido Beach Boulevard Unit 3a, Orange Beach

$875,000

28900 Perdido Beach Boulevard Unit 3a, Orange Beach

3 Beds 3 Baths 1,626 SqFt Residential MLS® # 374158

RE/MAX of Orange Beach CELL: 251-752-0497

28107 Perdido Beach Boulevard Unit D1209, Orange Beach

$875,000

28107 Perdido Beach Boulevard Unit D1209, Orange Beach

2 Beds 2 Baths 1,602 SqFt Residential MLS® # 378878

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

24310 Perdido Beach Boulevard Unit 704a, Orange Beach

$875,000

↓ $75,000

24310 Perdido Beach Boulevard Unit 704a, Orange Beach

3 Beds 2 Baths 1,683 SqFt Residential MLS® # 379139

White Shores Realty, LLC

New
24310 Perdido Beach Boulevard Unit 402b, Orange Beach

$875,000

24310 Perdido Beach Boulevard Unit 402b, Orange Beach

3 Beds 2 Baths 1,683 SqFt Residential MLS® # 386415

Elite By The Beach, LLC CELL: 251-228-3880

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