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Off Market

506/24400 Perdido Beach Boulevard

Orange Beach AL 36561

2
2
1064 sq. ft.
Single-Family
Last sold for $525,000
Lance NielLance Niel, last sold this property on 28 August 2026 after 125 days on market.

Overview

Perfectly situated on the fifth floor in one of the best rental complexes along the Alabama Gulf Coast, Phoenix V Unit 506 is a lovely Gulf front condo strategically priced below all comparable sales from the last four years! With gross rentals over $53,000 in 2024, over $47,000 in 2025, and a projection of over $80K from Ball BNB, this property is well-positioned to provide a boost your portfolio. As you enter the condo and your feet glide across the tiled floors, you are welcomed by an abundance of natural light streaming from the floor to ceiling glass that lines the southern exposure. The open concept layout seamlessly combines the kitchen, dining area, and living room to create an ideal waterfront space for entertaining family and friends. The kitchen is outfitted with granite countertops, real wood cabinets, an abundance of storage, tiled backsplash, a bar with seating for two, and Gulf views. The Gulf front master suite features direct balcony access, a king bed, and a beautifully updated walk-in shower with a sliding glass door. The amenities at Phoenix V make it one of the most highly sought-after destinations along the Gulf Coast and include a short walk to the beach, splash pad, indoor and outdoor pools, kiddie pool, spa, sauna, tennis courts, racquetball, grilling area, and a fitness center.

Features

2 bedrooms
2 bathrooms
1064 sq. ft. floor area
Single-Family

Estimated Value

Based on this property and similar 2 bedroom single-family properties sold in Orange Beach over the last 12 months, the estimated median property value of 506/24400 Perdido Beach Boulevard is $542.5k.

Median value
$542.5k
Estimated value range
$1k - $2m
Median days on market
90
Estimated value trend
-6%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Orange Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 506/24400 Perdido Beach Boulevard

2026
Sold
$525,000
28 Aug 2026 by Lance Niel, of Cortright & Company
2021
Sold
$525,000
04 Jun 2021 by Jimbo G Waldrop, of Cortright & Company

Happy sellers in Orange Beach

57%
57% of sellers in Orange Beach reported that their sale price either exceeded or met their price expectations.

Orange Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 19 reviews in Orange Beach over the last 12 months.

Local market activity for 2 bedroom single-family properties in Orange Beach

In the last 12 months, 229 two-bedroom single-family properties similar to 506/24400 Perdido Beach Boulevard, have been sold.

This represents a 35% decrease in two-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Orange Beach

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Kristin Ford

Sellers who recommend Kristin Ford have praised them for being local expert, responsive, well-prepared, clear communication, persistent, supportive, and friendly

  •   5   (43 reviews)
  •  9 Reviews in Orange Beach
  •  13 Sales in Orange Beach
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Heather Harp

Heather Harp is an award winning recommended agent for Orange Beach.  They have 17 local sales and collected 10 local reviews across the last 12 months.

  •   5   (32 reviews)
  •  10 Reviews in Orange Beach
  •  17 Sales in Orange Beach
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Marcus Mosley

Sellers who recommend Marcus Mosley have praised them for being local expert, clear communication, friendly, and responsive

  •   5   (34 reviews)
  •  4 Reviews in Orange Beach
  •  10 Sales in Orange Beach
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Nicole Smith

Sellers who recommend Nicole Smith have praised them for being local expert, responsive, clear communication, detail-oriented, reliable, dedicated, and pleasant

  •   5   (64 reviews)
  •  4 Reviews in Orange Beach
  •  4 Sales in Orange Beach
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