Orange Beach, Alabama is a well-known vacation destination on the Gulf Coast. Each year, thousands of vacationers travel from all over the United States to visit this charming family-friendly beach town and its wonderful attractions. The area offers something for everyone whether its sunbathing on the sandy white beaches, boating around Terry Cove, trying out new seafood restaurants or browsing numerous boutiques and souvenir shops. After a day of “fun in the sun”, bring friends and family to The Wharf or The Hangout, popular open-air entertainment districts just minutes away from Orange Beach condos. 60+ condo developments line Perdido Beach Boulevard and it can be daunting for both investors and renters to pick the right condo that suits their needs. The following is a list of the top Orange Beach gulf front condos based on popularity and average annual rental income.
- Turquoise Place is an upscale high-rise development in central Orange Beach and brings in the highest rental revenue among all condominiums in the area. Although the cost of a 3-bedroom unit starts at a steep $1 million, its amenities are like no other on the Alabama coast. The expansive floor plans range from 2,300 to a staggering 5,700 square feet not including the gulf front balconies. Gourmet kitchens are equipped with high-end appliances and a large island that faces the living area with floor-to-ceiling windows showcasing amazing views of the Gulf of Mexico. Balconies are grand in size and feature a private hot tub and summer kitchen with a gas grill and refrigerator. Turquoise place offers guests an exceptional amenity package with 5 different pools, a lazy river, poolside bar, luxurious spa, and tennis courts. Investors can expect a potential rental income of $100,000 or more annually.
- Phoenix West and Phoenix West II are newer developments in Orange Beach built between in 2008 and 2013, respectively. Part of the notable Phoenix series, both of these condominiums meet high expectations of a well-rounded vacation destination. Property amenities include large beachfront pools with slides, indoor heated pool, tennis courts, modern gyms, saunas, covered parking deck, and gated entrance. Units are available in three or four bedroom plans with elegantly furnished interiors and sweeping views of the Gulf of Mexico. Vacancy rates are low for these condominiums and can potentially bring in approximately $70K – $90K in annual rental revenue.
- The Caribe Resort places fourth for the highest rental income among Orange Beach condos, averaging up to $56,000 a year. The development is located along Perdido Pass and offers a wide range of amenities making it one of the most popular vacation destinations among families. The grounds feature 40,000+ square feet of indoor & outdoor pool with slides and a winding lazy river. Guests can keep their boat at the resort’s marina and can easily ride out to the gulf or spend the day at popular boating hangout, Robinson’s Island.
Following close behind Caribe Resort are condominiums ideally located in the heart of Orange Beach and include Admiral’s Quarters, The Enclave, Seachase, and Regency Isle. These highly popular condominiums are capable of producing rental earnings of roughly $40,000 and higher a year.
Orange Beach’s neighboring city to the west, Gulf Shores, also serves as a lucrative condo market. Visit our Gulf Shores Best Investments page to learn more about rental revenue estimates for Gulf Shores condos.