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$2,830,000

5 Beds 5 Baths 3,005 SQFT 0.00 Acres
Type: Single Family

29040 Perdido Beach Boulevard 24B2
Orange Beach, AL 36561

MLS#: 388328
Michael Nehls
Michael Nehls
Brett/Robinson | Florida Real Estate
Phone: 251.979.2494
Office: 251.236.8811
Presented by: Brett R/E Robinson Dev OB; Main: 251-981-6180

Property Description

 

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.


 

Interior Features

Bedrooms

Total Bedrooms5

Bathrooms

Half Baths0
Total Baths5

Other Interior Features

LivingAreaSource0 sqft
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringLuxury Vinyl Plank
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesWet Bar, Internet, Storage, Termite Contract
Total Fireplaces0

General

AppliancesDryer, Washer, Cooktop, Disposal, Gas Range, Ice Maker, Microwave, Dishwasher, Double Oven, Wine Cooler, Plumbed For Ice Maker, Smoke Detector
Architectural StyleCondo
Assoc Fee Paid PerMonthly
Association Fee IncludesGas, Pool, Trash, Cable TV, Internet, Security, Electricity, Pest Control, Recreation Facilities, Telephone, Water Sewer, Reserve Funds, Custodial Services, Common Area Insurance, Association Management, Common Area Maintenance
Body of WaterGulf Of Mexico / America
CityOrange Beach
Community FeaturesGated, Fencing, Internet, Lazy River, Landscaping, Spa Hot Tub, Meeting Room, Exercise Room, Guard At Gate, Pets Owners Only, Water Access Deeded, Fire Sprinkler System
CoolingElectric
CountyBaldwin
DirectionsFrom Highway 161 take a left and head towards the Perdido Pass bridge. Phoenix Key will be 1 mile down on the right hand side.
Elementary SchoolOrange Beach Elementary
Full Baths5
HOAYes
HOA Fee$2650
HeatingCentral
High SchoolOrange Beach High
Home Warranty Y/NNo
MLS AreaBaldwin
Middle/Junior High SchoolOrange Beach Middle
Number Of Units Total56
Property SubtypeResidential Attached
Property TypeResidential
RoofOther/See Remarks
Spa FeaturesOutdoor Hot Tub
Standard StatusActive
StatusActive
Stories Count1
Subdivision NamePhoenix Key Tower I
Unit Number24
UtilitiesBaldwin EMC
ViewDirect Gulf Front
Waterfront FeaturesGulf Front Building
Year Built2026

Exterior

Exterior AmenitiesStorage, Built In Gas Grill
Parking FeaturesCondo Covered Parking, Electric Vehicle Charging Station(s)

Additional Details

Price History

  

Similar Properties

$2,830,000

5 Beds 5 Baths 3,005 SQFT 0.00 Acres
Type: Single Family

29040 Perdido Beach Boulevard 24B2
Orange Beach, AL 36561

MLS#: 388328
Michael Nehls
Michael Nehls
Brett/Robinson | Florida Real Estate
Phone: 251.979.2494
Office: 251.236.8811