Orange Beach "Sister Buildings"

Posted by MATTHEW WELCH on Thursday, October 26th, 2017 at 1:33pm.

Orange Beach Sister Buildings

Orange Beach "Sister Buildings"

The Orange Beach "Sister Buildings" is comprised of the 7 buildings above and one not pictured(Romar House). However, for this blog post we'll be focusing on the towers with the red arrows below. These are Windward Pointe, Pelican Pointe, White Caps, Bluewater, and the last two towers, Summer House on Romar Beach. We will be focusing on these only because the square footages are nearly the same amongst all the condominiums. We will not include The Sands at Romar Beach and Romar House in our discussion because The Sands is a rent-restricted tower and the square footage is 1,943. Additionally, Romar House is 1,683 square feet which is significantly larger than the condos with red arrows above. 

This blog post will enlighten buyers and sellers of the price history of these similar towers and potentially where price is headed.

These 5 properties have the exact same floorplans but vary in square footage by as little as 3 square feet among the developments.

Buildings & Square Footage:

  • Bluewater - 1,266
  • Pelican Pointe - 1,266
  • Summer House on Romar Beach - 1,263
  • White Caps - 1,266
  • Windward Pointe - 1,260

*These square footages are from tax records*

Below you will see the price history of these units since 2010 excluding short sales and foreclosures:

Price History

In analyzing price history since 2010 you will see the consistent rise in the average price of roughly $20,000 per year starting in 2013 to 2016. However, it is interesting to see the ~$35,000 price increase over the last year. Why the jump in price? The reason is lack of inventory. Currently, our market is the lowest in inventory since the Alabama Center for Real Estate has been keeping a record(2006)! I fully believe next year will yield jaw-dropping sales prices in some condo buildings. Below is our present situation:

Economics 101 states as supply goes down demand and price rise. 

View the current Active listings for sale below:

MLS® #261810
$505,000
3 Bedrooms, 2.00 Bathrooms
Orange Beach, Al

Rare And Impressive 3-bedroom East Corner Unit At Pelican Pointe! This Stunning Unit Offers Incredible Corner Views Matched W...

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MLS® #258133
$499,500
3 Bedrooms, 2.00 Bathrooms
Orange Beach, Al

Amazing West Corner Unit With A Beautiful Gulf-front View. This Unit Is Offered Fully Furnished And Has Been Freshly Remodele...

Read More »
MLS® #261823
$499,500
3 Bedrooms, 2.00 Bathrooms
Orange Beach, Al

Coastal Elegance With Sweeping Gulf Views! This 3 Br/2 Ba, East Corner Unit Has Recently Been Updated And Is A Must See! Ever...

Read More ».
MLS® #261214
$474,000
3 Bedrooms, 2.00 Bathrooms
Orange Beach, Al

Experience Incredible Gulf Views From This Gorgeous 11th Floor Three Bedroom, Two Bath Direct Gulf Front Condo At Bluewater I...

Read More »
MLS® #261031
$464,900
3 Bedrooms, 2.00 Bathrooms
Orange Beach, Al

Fantastic 3 Bedroom Penthouse Located On The Beautiful Gulf Of Mexico. Has A Wonderful Large Living Area With A Fireplace For...

Read More »
MLS® #258091
$464,000
3 Bedrooms, 20.00 Bathrooms
Orange Beach, Al

Gorgeous, Large Round Inviting Swimming Pool And Large Balconies Attract So Many To Fabulous Summer House On Romar Beach, A T...

Read More »
MLS® #251380
$459,900
3 Bedrooms, 2.00 Bathrooms
Orange Beach, Al

Owner Financing Only. Direct Gulf Front Condo Offers Expansive Views Overlooking White Sandy Beaches Of The Gulf Of Mexico. C...

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MLS® #256679
$459,500
3 Bedrooms, 2.00 Bathrooms
Orange Beach, Al

Outstanding Gulf Views From This 7th Floor Unit. Large Balcony That Runs From From Master Bedroom To The Living Area. Update...

Read More »
MLS® #254942
$454,000
3 Bedrooms, 2.00 Bathrooms
Orange Beach, Al

Improved Price! This Pristine 3 Bed/2 Bath Gulf-front Condo Offers Great Water/Beach Views. You Will Love This Professionally...

Read More »
MLS® #260471
$439,000
3 Bedrooms, 2.00 Bathrooms
Orange Beach, Al

Very Nice Unit Directly On The Gulf. Easy To Show. Tile Flooring. First Class Amenities. Indoor Heated Pool, Sauna, Fitness C...

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MLS® #257852
$439,000
3 Bedrooms, 2.00 Bathrooms
Orange Beach, Al

Don't Miss Out On The Great Water Views From This Spectacular 3 Bedroom 2 Bath Unit. New Kitchen Appliances Including Washer ...

Read More »

The best deal is the last condo. It needs to be remodelled, but this allows the buyer to select all the finishes and design desired!

In summary, prices are going to continue rise into next year and now is the time to get in before prices get out of hand!

Contact Matthew J. Welch 251.979.1098 to make an offer or view any of these wonderful condos!

 

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