There are 86 homes currently listed with real estate brokers on Ono Island in Orange Beach, AL. The island has seen its prices fall dramatically with the abandonment of the second home market. Foreclosures and short sales have also played a large role in the declining prices on the island. Yet, there are presently no foreclosures available and only 5 active short sales, with prices ranging $209,000-$995,000.
Waterfront homes on Ono Island have become targets for buyers looking for deals, with canal front homes starting in the upper 300's. Homes on the open waterways of the island range from 750K to over 7Mil. Waterfront lots on the island may have taken the biggest hit, with prices falling from as high as 2.2 million for a high elevation lot on Ole River during the peak of the market to the low 500's for a large .5 acre lot on Ole River today.
Home prices in the interior of Ono Island are as competitive as any price point in the city of Orange Beach, AL. Prices for homes in the interior portions of the island start in the low 200's. I recently toured many of these homes while searching for prospective properties for buyers relocating from West Virginia. During my tour, I came across a very nice home on a corner lot at 4697 Osprey Drive.
This Ono Island home has a relaxed elegance, with its lush tropical landscaping and colors. The interior features luxury upgrades, like hardwood flooring, granite, pot-filler, gas cook-top, and walk-in shower with rainhead. The back door opens up to a 300 square foot screened lanai, with ample space for relaxing, entertaining and grilling. Call Jason at 251.583.9728 for a private tour of 4697 Osprey Drive.