Gulf Coast Real Estate Market Report: October 2026 Sales Momentum & Construction Milestones

By the Numbers: Coastal MLS Market Statistics

• Total Condos Closed in 2026: 1,319 Gulf Coast condos closed through September 30, 2026 (Source: Metro Market Trends).
• September 2026 Closed Volume: 92 coastal condos closed during the month (Source: Sentre Baldwin Co MLS).
• Active Waterfront Inventory: 510 waterfront condos listed as of October 7, 2026 (Source: Baldwin Co MLS).
• Total Condos on Market: 852 total condos listed as of October 7, 2026.
• Average Condo Sales Price: $855,884 in September 2026, marking a notable upward surge in coastal property valuation.
• Average Days on Market: 134 Days, demonstrating disciplined, normalized market absorption.

Considering Selling Your Coastal Property? Market demand continues to trend upward year-over-year. Contact our sales office today to request a complimentary property valuation tailored to your home or condominium.

Skyline Milestones: Pre-Construction & Construction Progress

1. Phoenix South Point (Orange Beach, AL)

• Resort Amenities: The indoor pool has been poured and backfilled, and construction on the Gulf-front lazy river has officially started.
• Interior Craftsmanship: Tile work has reached Level 18, custom cabinetry is installed through Level 15, and countertops have advanced to Level 8.
• Building Envelope & Inspections: Every unit in the tower has been inspected, and drywall installation is now complete throughout the entire building.

2. Phoenix Key (Orange Beach, AL)

• Model Unit Now Open: Prospective buyers and owners can now tour the brand-new model residence, Unit 1902!
• Interior Finishes: All units throughout the tower have received their first coat of paint. Floor tile is 90% complete, bathroom tile has reached 80%, custom cabinetry is at 80%, and quartz countertops are 60% complete.
• Common Spaces & Power: Tile installation in common areas has officially begun, and teams are close to securing full electrical power to the building.

3. Phoenix Perdido (Perdido Key, FL)

• Sales Velocity: 19 of the 30 luxury residences have officially sold.
• Construction Start: Groundbreaking and construction are slated to begin toward the end of this year.
• Expansive Floor Plans: The complex offers 30 spacious 4- and 6-bedroom layouts ranging from 2,340 sq. ft. to 3,909 sq. ft., situated just minutes from the Florida/Alabama state line.
• Resort-Style Amenities: Designed for multi-generational relaxation, including heated indoor and outdoor pools, an expansive lazy river, and a zero-entry kiddy pool.

October 2026 Featured Property Spotlight

• Phoenix Gulf Shores II – Unit 1905 (Gulf Shores): 4BR/4BA, 2,085 sq. ft. listed at $2,099,000. A premium 19th-floor East corner residence offering breathtaking direct Gulf vistas.
• Phoenix East – Unit 102 (Orange Beach): 1BR/1BA, 800 sq. ft. listed at $524,900. A ground-floor, Gulf-front condo featuring a proven, strong rental history.
• Phoenix V – Unit 004 (Orange Beach): 2BR/2BA, 1,052 sq. ft. listed at $609,000. A beautiful condo offering direct walk-out access to the resort pool and white-sand beach.
• 24701 Pelican Place (Orange Beach): 4BR/4BA, 2,685 sq. ft. listed at $1,690,000. A private estate home with a private pool situated on nearly 3 secluded acres in the heart of Orange Beach.
• The Enclave – Unit 1002 (Orange Beach): 3BR/3BA, 1,582 sq. ft. listed at $825,000. Features penthouse-level Gulf panoramas and coveted covered parking.
• Island Tower – Unit 1702 (Gulf Shores): 3BR/3BA, 1,597 sq. ft. listed at $1,075,000. Showcases two Gulf-front master suites with floor-to-ceiling horizon views.

September Market Highlights: Pending & Closed Transactions

• Luxury Beachfront & High-Rise Closings: Highlights included Phoenix Key Unit 2601 ($4,650,000), Turquoise Place Unit C2001 ($3,550,000), Phoenix Key Unit 1501 ($3,425,000), Oasis Unit 1211 ($2,500,000), Phoenix Gulf Shores II Unit 605 ($1,765,000), Turquoise Place Unit C2708 ($1,500,000), Phoenix West Unit 1906 ($1,050,000), Phoenix Orange Beach Unit 1202 ($1,050,000), and Oasis Unit 2605 ($1,045,000).
• Waterfront Estates & Island Sales: Completed closings featured 28749 Ono Blvd on Ono Island ($1,012,500), 26240 Marina Road in Orange Beach ($1,400,000), and a prime vacant waterfront homesite at 31654 River Road on Ono Island ($1,822,000).
• Active Pending Contracts: Major properties placed under contract in September included 3210 Sand Dollar Lane in Gulf Shores ($1,975,000), Phoenix Orange Beach II Unit 2301 ($1,925,000), Phoenix Orange Beach II Unit 1705 ($1,780,000), Phoenix Gulf Towers Unit 2404 ($1,769,900), Bayshore Towers Unit 1103 ($1,600,000), Phoenix Gulf Towers II Unit 2707 ($1,410,000), and Oasis Unit 1405 ($1,325,000).
• Notable New Listings: Fresh inventory introduced in September featured the luxury island estate at 30689 Peninsula Drive on Ono Island ($5,900,000), Phoenix South Point Unit 803 pre-construction ($1,775,000), Phoenix On The Bay Unit 1134 with garage and boat slip ($1,625,000), and Phoenix Gulf Shores II Unit 1603 ($1,495,000).

Connect with the Brett/Robinson Team

• Brett/Robinson Sales Office: 24325 Perdido Beach Blvd., Orange Beach, AL 36561
  
  
  • Phone: 800.221.6180 | Fax: 251.981.2528
  • Email: BRSales@Brett-Robinson.com | Web: BrettRobinsonRealEstate.com
• Phoenix Perdido Sales Inquiries: Contact our Florida sales desk directly at 850.858.0258.
• Vacation Rental Management: 3259 Gulf Shores Pkwy., Gulf Shores, AL 36542
  
  
  • Phone: 251.710.0018 | Fax: 251.978.3048
  • Email: GaleB@Brett-Robinson.com | Owner Portal: BROwners.com