515 Preston Way

Gulf Shores AL 36542

2304 sq. ft.

8040 sq. ft.

Other

Last sold for $493,276

Keisha Lee, last sold this property on 30 December 2025 after 256 days on market.

Overview

New Phase in Raley Farms now open for sale! Welcome back to one of the fastest selling communities in Gulf Shores, Alabama! This popular community is just minutes from the white, sandy beaches that Gulf Shores is famous for having! Discover sophistication in the Destin floorplan. This one-story, 4 bed, 3 bath home features 2,304 square feet of open living space and a back yard water view of the neighborhood lake. Features of this home include EVP throughout, quartz countertops, soft close cabinets, large breakfast bar, walk in pantry, large single bowl under mount stainless sink, stainless steel appliances, two ceiling fans, trey ceiling, crown molding and two covered patios front and back. There is plenty of room for parking with the attached double car garage and driveway. Community amenities include a large community pool, sidewalks, common area, and more! This home is being built to GOLD Fortified Standards potentially saving you on insurance. The home also comes with a 'Home Connected' (SM) Smart Home package, 1-year builder's and 10-year structural warranty. Home is under construction. Estimated completion of November 2025. Pictures are of similar home and not necessarily of subject property, including interior and exterior colors, options, and finishes. Buyer to verify all information during due diligence.

Features

4 bedrooms

3 bathrooms

2 carspaces

2 garage spaces

2304 sq. ft. floor area

8040 sq. ft. lot size

Other

Estimated Value

Based on this property and similar 4 bedroom other properties sold in Gulf Shores over the last 12 months, the estimated median property value of 515 Preston Way is $549k.

Median value

$549k

Estimated value range

$280k - $2.2m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Gulf Shores. 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.