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Owning Beach Condo in Orange Beach? Worth it or not?
Posted on 5/14/26 at 5:55 pm
Posted on 5/14/26 at 5:55 pm
Anyone own or has owned a condo in Orange Beach? Worth it? Any advice?
I do know the condo cannot pay for its self like they could 20 years ago.
Thanks.
I do know the condo cannot pay for its self like they could 20 years ago.
Thanks.
8
Posted on 5/14/26 at 7:27 pm to Fishwater
quote:
I do know the condo cannot pay for its self like they could 20 years ago.
Why would you say that? My parents have a place there and it’s never lost money and they even use it a fair amount.
ETA I might be underestimating the price inflation because I don’t keep up with it but they bought in 2019.
This post was edited on 5/14/26 at 7:29 pm
Posted on 5/14/26 at 7:45 pm to Fishwater
The buy-in is at an all time high in that area now. Unless you have a hell of a deal, I don’t think it’ll be worth it unless you absolutely love the area and use it all the time.
Posted on 5/14/26 at 9:59 pm to Fishwater
You'll get more advice on the money board.
Posted on 5/14/26 at 10:03 pm to AaronDeTiger
It’s like any other investment. you make your money on the buy in. if you buy at the top it’s almost impossible to ever get your money back. Also depends on the amenities and quality of the property.
Posted on 5/15/26 at 8:38 am to PaBon
quote:
The buy-in is at an all time high in that area now
Wait about 10 years when the Baby Boomer generation starts dying off. Prices on condos and RV's are gonna drop.
Posted on 5/15/26 at 10:21 am to Shexter
quote:
Wait about 10 years when the Baby Boomer generation starts dying off. Prices on condos and RV's are gonna drop.
The assumption being their heirs will want no part of these assets and will just sell them off?
And, even if true, wouldn't that only work if the market was flooded with these properties and the supply greatly exceeded the demand. Unless they all drop at once; under your scenario we would simply see a steady supply of properties hitting the market over time, but I question if it would be enough for a drastic decline in valuations
Posted on 5/15/26 at 10:25 am to Fishwater
My thoughts on vacation properties
Buy it because you want to enjoy it is the #1 priority. Viewing it as an investment comes after that.
Buy it because you want to enjoy it is the #1 priority. Viewing it as an investment comes after that.
Posted on 5/15/26 at 10:51 am to Fishwater
I would suggest checking out insurance before you make a decision. Being a condo will be a little cheaper depending on what level it's on, but my family had a house on Dauphin Island for years.
Finally sold it when insurance premium went up to over 30k a year. It was on the bayside, not beachside.
Finally sold it when insurance premium went up to over 30k a year. It was on the bayside, not beachside.
Posted on 5/15/26 at 11:54 am to Fishwater
I have - had two but only one at a time.
Depends on your goals - we actually used ours a lot and didn't rent it out which was fine pre-insurance assessments. We would rent to our friends here and there but it was a true second home.
The insurance assessments got wild post hurricane and in our case was due to mismanagement of the complex.
On site guy let insurance company gut everyone's unit with out insurance approval - it wasn't needed. They refuse to pay and law suits galore.
Final straw for me was after watching this thing come to a head and relief on the way - end in a 7k assessment because management messed up paper work proving we weren't in suit with insurance anymore I cashed out - during this whole process complex upkeep went to shite.
I def think in right complex its a great investment - we were gaining 4-5% each year we had one - 2016-2023
Now IMO look at complex management, insurance and repair assessments, condition, what things are renting for now.
Get all documents you can to back it up. Let me know if I can help!
Depends on your goals - we actually used ours a lot and didn't rent it out which was fine pre-insurance assessments. We would rent to our friends here and there but it was a true second home.
The insurance assessments got wild post hurricane and in our case was due to mismanagement of the complex.
On site guy let insurance company gut everyone's unit with out insurance approval - it wasn't needed. They refuse to pay and law suits galore.
Final straw for me was after watching this thing come to a head and relief on the way - end in a 7k assessment because management messed up paper work proving we weren't in suit with insurance anymore I cashed out - during this whole process complex upkeep went to shite.
I def think in right complex its a great investment - we were gaining 4-5% each year we had one - 2016-2023
Now IMO look at complex management, insurance and repair assessments, condition, what things are renting for now.
Get all documents you can to back it up. Let me know if I can help!
Posted on 5/15/26 at 3:02 pm to Weekend Warrior79
quote:
The assumption being their heirs will want no part of these assets and will just sell them off?
Not all, but based on experiences with people, a solid number of them will no doubt just want to cash out. Especially if they don’t live in the region.
ETA not sure what that’ll mean for the market as a whole. The oldest baby boomers are what, 80? Obv they aren’t all going to pass at once. I guess we’ll start finding out fairly soon.
This post was edited on 5/15/26 at 3:10 pm
Posted on 5/15/26 at 4:02 pm to Fishwater
A friend who is in the real estate industry has 2 down there and told me even though he does rent them a good bit, he has always had to cut a check to make up the difference every months for 20 + years. I asked him the same question you asked.
Posted on 5/16/26 at 8:10 am to Fishwater
If you dont have to finance it can be profitable. Family has 2 units that are strictly rentals, a 4br and a 3br in the same building. They both make money but when you get hit with a large assessment, which WILL happen, you can go negative very quickly if you are trying to rely on rentals to cover the note.
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