29040 Perdido Beach Boulevard #24B2, Orange Beach, AL 36561
Local realty services provided by:Better Homes and Gardens Real Estate Platinum Properties
29040 Perdido Beach Boulevard #24B2,Orange Beach, AL 36561
$2,830,000
- 5 Beds
- 5 Baths
- 3,005 sq. ft.
- Single family
- Active
Listed by: michael nehls
Office: brett r/e robinson dev ob
MLS#:388328
Source:AL_BCAR
Price summary
- Price:$2,830,000
- Price per sq. ft.:$941.76
- Monthly HOA dues:$2,650
About this home
Phoenix Key in Orange Beach is Brett/Robinson’s newest luxury Gulf-front development and one of the most compelling pre-construction opportunities on the Alabama Gulf Coast, with completion scheduled for the end of 2026. This exclusive 56-unit tower is topped out and now in the final phase before delivery, creating a rare opportunity to secure current pricing ahead of completion. Unit 24B2 is currently priced at $2,830,000, approximately $942 per square foot, while comparable luxury resales in the market are now exceeding $1,100+ per square foot, creating a pricing advantage relative to today’s market. With similar product projected to trade north of $3 million upon completion, buyers have the opportunity to secure built-in equity at today’s pricing while positioning for additional upside as the project nears delivery. Designed for both luxury and income performance, this 5-bedroom, 5-bath residence spans 3,005 square feet and features high-end designer finishes, floor-to-ceiling glass, and an oversized Gulf-front balcony complete with an electric grill and private hot tub. Phoenix Key offers a low-density ownership experience with premium amenities including indoor and outdoor pools, a fitness center, owner storage, and secured covered parking. For investors, projected gross rental income is approximately $200,000 annually, paired with a reduced 5% management fee for the first two years through Brett/Robinson’s rental program. With construction entering the home stretch and pricing expected to continue rising, this is an opportunity to secure a premium Gulf-front asset below current comparable pricing and benefit from the final phase of appreciation before delivery. This is an equitable interest listing where seller is selling only an option contract. Buyer/Buyers agent to verify all information during due diligence. Buyer to verify all information during due diligence....
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Home facts
- Year built:2026
- Subdivision & Development:Phoenix Key Tower I
- Listing ID #:388328
- Added:257 day(s) ago
- Updated:August 05, 2026 at 03:26 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Full bathrooms:5
- Flooring:Luxury Vinyl Plank
- Kitchen Description:Cooktop, Dishwasher, Disposal, Double Oven, Gas Range, Ice Maker, Microwave
- Living area:3,005 sq. ft.
Heating and cooling
- Cooling:Electric
- Heating:Central
Structure and exterior
- Year built:2026
- Building area:3,005 sq. ft.
- Architectural Style:Condo
- Exterior Features:Storage
- Levels:1 Story
Schools
- High school:Orange Beach High
- Middle school:Orange Beach Middle
- Elementary school:Orange Beach Elementary
Finances and disclosures
- Price:$2,830,000
- Price per sq. ft.:$941.76
Features and amenities
- Appliances:Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Gas Range, Ice Maker, Microwave, Plumbed For Ice Maker, Smoke Detector, Washer, Wine Cooler
- Laundry features:Dryer, Washer
- Amenities:Internet, Smoke Detector, Storage, Wet Bar, Wine Cooler
Parking
- Parking description:Condo Covered Parking, Electric Vehicle Charging Station(s)
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