I have been passionate about waterfront property since I was a little kid. To me, living on the water is epitome of “living the dream.” If you love being near the waters edge, then you know that waterfront property affords you a lifestyle that is unmatched by ordinary inland parcels, which is why the demand for these niche properties is reflected by extra zeros on the price tag. In Orange Beach, prime gulf front real estate for single-family or duplex residences is becoming increasingly hard to find at an affordable price, especially with consumer confidence bouncing way back in 2015. So, you can imagine our excitement when we were given the opportunity to market 24637 Cross Lane for sale. This 60×445 direct gulf front lot is an excellent buy at $550,000 and at the present time represents the best value on the market for its specific location.
In addition to the view, I really like the fact that the lot is shielded from the seasonal beach traffic on Perdido Beach Boulevard by the low-rise Seascape condominium development. You get that tucked away feel but yet you are in a very walk-able location of Orange Beach. The next benefit in my opinion is the zoning, which allows for either a single-family residence or income producing duplex option. The rental market on the Alabama coast is stronger than ever and we have a lot of data that we can provide in relation to ROI and creating a rental environment to produce repeat business season after season. I would also mention that this would be an excellent opportunity for an investor to buy low, hold and then sell for a beautiful profit in two to three years, without having to go to the expense of building a rental property on the lot.
Below is a chart showing the sales stats for the active gulf front properties currently for sale in Orange Beach. The low comp is actually for a poolside lot in the gulf front community of the Cottages at Romar. Based on the other prices, you can clearly see that our lot, at over a half an acre, represents an incredible gulf beach investment opportunity.
|Days on Market||7||1797||469||297.5||—|
Find your dream gulf front Orange Beach AL lot with the Jason Will Real Estate Team 251-866-6464.
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