Mediterranean Condos — Gulf-to-River Luxury at the FL/AL Line, Perdido Key

Guided by the Gulf. Grounded by Integrity.

The Mediterranean on Perdido Key is one of the most distinctive, owner-forward buildings on this stretch of coastline. Two towers, approximately 20 residences per building, two residences per floor, private elevator access, and those wraparound 1,400+ square foot terraces that showcase the Gulf of Mexico to the south and Old River, Ono Island, and the Intracoastal to the north. If you want scale, privacy, and true indoor-outdoor coastal living in 3,300 to 3,700 square feet, this is the building I talk about first.

View current availability and nearby alternatives on my site: https://www.searchthegulf.com, the Gulf Coast’s premier website for searching all real estate listings.

Mediterranean At Perdido Key Condos for Sale

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$2,500,000

17361 Perdido Key Drive Unit 1002w, Perdido Key

4 Beds 5 Baths 3,705 SqFt Residential MLS® # 388978

Why Mediterranean is a standout on Perdido Key

True low density: Only two units per floor with a private, coded elevator that opens directly into your own foyer. It lives like a coastal home, not a condo corridor.
Signature 4BR layouts: Every residence is a 4 bedroom, 4.5 bath plan, most 3,383 to 3,705 sq ft, with water views from every bedroom. Several of the MLS sales you shared reflected this consistency across the building.
Massive wraparound balconies: About 1,400 to 1,500 sq ft of outdoor space, many with gas grill hookups, so you can entertain, watch dolphins on the Gulf side, and look north toward Ono Island and boat traffic on Old River.
Unobstructed water on both sides: Floor-to-ceiling glass, 10’ ceilings, and the way the building sits right at 17359/17361 Perdido Key Drive deliver those dual-aspect views that buyers request but rarely get in one residence.
Location at the FL/AL line: Walk to Flora-Bama and the Flora-Bama Yacht Club, or be in Orange Beach in minutes: https://www.searchthegulf.com/orange-beach/. It is one of the most convenient luxury addresses for owners who use both states.
Well-funded association: Several of the past sales referenced a strong reserve position (over $1,000,000 at one point), which is notable for a luxury, low-density Gulf-front property of this age and size.

Tell us about Mediterranean

Because 2005 was a very active construction year on the Gulf Coast, Mediterranean benefitted from high-end materials and appliance packages we still see today in well-kept units: travertine flooring, Sub-Zero refrigeration, Miele double ovens with warming drawer, Fisher & Paykel dish drawers or dual dishwashers, Dacor microwaves, granite or marble counters, steam showers, and wet bars with Sub-Zero wine storage and ice makers. Many of the units in your list had “never rented” histories or were second homes, which means finishes in Mediterranean often present better than in heavier-rented towers.

Private covered/deeded parking right by the lobby door
Climate-controlled owner storage for beach gear and outdoor accessories
Owner lounge / community room with full kitchen
Indoor/outdoor swim-through pool, fitness room, sauna, and a parlor/billiard room that looks toward the Gulf

Residence character I point out on showings

Floor-to-ceiling glass in every primary room, creating a floating-over-the-water feeling.
Split bedroom layout with all four bedrooms having an ensuite bath, so privacy for guests is excellent.
Chef-forward kitchens with large islands, double ovens, Sub-Zero refrigerator/freezer, and bar seating. Several units included dual dishwashers and warming drawers.
Steam showers, jetted tubs, and sitting areas in the Gulf-front primary suites.
Balcony access from every room, which is rare even for luxury. It is a big reason Mediterranean commands the prices it does.

Who Mediterranean is perfect for

If you want the scale of a beach house but the security and convenience of a luxury condominium, Mediterranean is a smart target. Owners who entertain, owners with frequent guests, or owners who want a rental-capable condo that still feels residential all respond well to this building. Many units have strong rental potential in the 60,000 to 80,000 range annually, depending on condition and seasonality, which is helpful if you want the condo to carry part of its cost.

I can curate a buyer-ready packet for you directly from https://www.searchthegulf.com with:

Current Mediterranean listings and any coming-soon or private offerings
HOA dues with what is covered
Recent Mediterranean solds (like the 11th-floor corners and west stacks noted above)
Rental potential snapshots for each floor or side of the building
Nearby comparables so you can see value in context

Email me at meredith@searchthegulf.com and I will send a custom list the same day.

Nearby and comparable condo complexes

When I am showing Mediterranean, I almost always discuss or show these as well, so buyers can feel pricing and finishes across the Perdido Key/Orange Beach line:

San Perdido — Boutique, owner-forward, similar low-density energy, indoor pool, rent-restricted, very close by: https://www.searchthegulf.com/san-perdido-condos-perdido-key-gulf-front/
The Marseilles — Another low-density Gulf-front option in this immediate corridor
La Riva (east Perdido Key) — Wider floor plans, excellent for primary-style living, strong alternative for buyers who like Mediterranean’s size
Beach Colony (select stacks) — Good to compare amenities and HOA
Indigo — Larger resort environment but with private entry foyers in some stacks; gives you a “what else can I get at this price” comparison
Orange Beach Gulf-front luxury just over the line, for cross-state shoppers: https://www.searchthegulf.com/orange-beach/