Turquoise Place is the #2 luxury complex in the market by active inventory - second only to Caribe among Orange Beach high-rises. With 21 closed transactions over the past 12 months and a steady pipeline, this building moves product. Here's the snapshot.
Turquoise Place ranked #2 in Tier 3 (Luxury $1M+) by active inventory, behind only Caribe. The complex consistently sells - 21 closings in 12 months puts it among the most liquid luxury buildings on the Alabama Gulf Coast.
This is the most important thing to understand about Turquoise Place right now. Both the 3-bedroom and 4-bedroom segments are buyer's markets - but the reason each one favors buyers, and the amount of leverage you actually have, is very different.
If you're buying a 3-bedroom, you're in a buyer's market - but that doesn't mean every listing is a deal. Sellers are asking roughly 8% above where the market actually clears. The properties sitting the longest tend to be overpriced relative to comparable units that already sold for less and were in better condition. The market clearing price is approximately $1.5M–$1.57M for a standard 3BR/3BA at 2,301 sqft. If you're looking at a 4-bedroom, you have substantial leverage - these units move slowly not because there's an oversupply problem, but because the price point is high and the buyer pool is thin. The one 4BR that sold in the last year traded at $2.25M against sellers currently asking $2.5M–$2.95M. There is real room to negotiate.
The asking price and the closing price at Turquoise Place are not the same. Understanding where the market actually clears - and how quickly - is the edge every informed buyer needs.
Here's where 3-bedroom closings clustered over the last 12 months. The vast majority of trades happened between $1.495M and $1.60M. The outliers above that range took significantly longer to sell.
Floor premium - or lack of one. There's no meaningful floor premium in the 3BR segment. Low floors (1–10) averaged $1,512,500; mid floors (11–20) averaged $1,500,000; high floors (21+) averaged $1,535,000 - a $35K spread across the entire building. Unit orientation, view, and seller motivation matter far more than floor number.
Two out of every three buyers at Turquoise Place paid cash over the last 12 months. This isn't just a market characteristic - it has direct implications for how you compete and what your financing timeline looks like.
Turquoise Place is warrantable and financeable. Conventional loans closed here - unlike several competing luxury complexes in the market where financing is restricted or unavailable due to HOA litigation or budget issues. If you're financing, this building is one of the safer options in the luxury tier.
If you're financing, a clean pre-approval letter and fast closing timeline are your strongest tools. Most 3BR units at Turquoise Place sold in under 100 days - motivated sellers will often choose a financed offer with certainty over a cash offer with contingencies. We make sure your financing is structured and ready to go before we put an offer in front of a seller.
All 15 active listings are STR-eligible. Six have been on market 180+ days. We dig into the story behind each one before recommending an offer.
| Unit | Floor | BD | Sq Ft | List Price | $/sqft | DOM | HOA/mo |
|---|---|---|---|---|---|---|---|
| D908 | 9 | 3 | 2,301 | $1,625,000 | $706 | 15 | $1,880 |
| C2402 | 24 | 3 | 2,301 | $1,625,000 | $706 | 38 | $1,880 |
| C2609 | 26 | 4 | 3,504 | $2,484,000 | $709 | 30 | $2,693 |
| D2403 | 24 | 4 | 4,756 | $4,750,000 | $999 | 57 | $3,171 |
| D809 | 8 | 4 | 3,504 | $2,800,000 | $799 | 47 | $2,693 |
| D2001 | 20 | 4 | 3,504 | $2,650,000 | $756 | 36 | $2,693 |
| D2201 | 22 | 4 | 3,504 | $2,950,000 | $842 | 61 | $2,693 |
| D1703 | 17 | 3 | 2,301 | $1,650,000 | $717 | 86 | $1,880 |
| D2105 | 21 | 3 | 2,301 | $1,590,000 | $691 | 185 | $1,880 |
| D902 | 9 | 3 | 2,301 | $1,575,000 | $685 | 217 | $1,880 |
| D707 | 7 | 3 | 2,301 | $1,697,000 | $738 | 216 | $1,880 |
| D1502 | 15 | 3 | 2,301 | $1,649,000 | $717 | 176 | $1,880 |
| C705 | 7 | 3 | 2,301 | $1,645,000 | $715 | 280 | $1,880 |
| D1609 | 16 | 4 | 3,504 | $2,850,000 | $813 | 439 | $2,693 |
| C2901 | 29 | 4 | 3,504 | $4,000,000 | $1,142 | 443 | $2,693 |
DOM = Cumulative Days on Market. HOA = Monthly Association Fee.
Turquoise Place is one of the stronger due diligence stories in the luxury tier, and there are specific items our team works through on your behalf before you go under contract. Here's what we're looking at.
Based on a representative 3-bedroom purchase at $1,520,000 (near the market clearing price). These are estimates. Your specific unit will vary based on HOA tier and financing terms.
Turquoise Place commands premium nightly rates as one of Orange Beach's flagship Gulf-front towers. The 3BR floor plan at 2,301 sqft produces strong weekly rental income during peak season, and the building's amenities - lazy river, multiple pools, spa, private beach - support year-round bookings that weaker buildings can't match. Ask us for a full ROI model specific to any unit you're considering - we build them for every client before they write an offer.
✅ The Case For It
⚠️ Watch Out For
Turquoise Place is a legitimate buy in the right unit at the right price. Both the 3BR and 4BR segments favor buyers right now - just for different reasons. In the 3BR market, sellers are consistently asking 8% above where properties are actually closing, and the listings that have been sitting the longest are overpriced relative to comparable units that already sold. That creates negotiating room if you know how to use the comp data. The 4-bedroom market moves slowly because of price point - the buyer pool at $2.5M–$2.95M is thin, and the one unit that traded in the last year did so at $2.25M. That's the conversation. Either way, we build your numbers first - then we move.