27127 Palmetto Dr, Orange Beach, AL, 36561
About This Home
Lowest priced waterfront house in Orange Beach! This charming Coastal Bungalow is located in the Heart of East Orange Beach! Located in the highly desirable East Orange Beach neighborhood, this beautifully updated 2-bedroom, 1-bath beach bungalow offers the perfect blend of laid-back coastal living and convenience. Located behind the community recreation center and elementary school, this home is tucked away in a quiet area while still being close to everything Orange Beach has to offer. Enjoy stunning direct views of Bay La Launch from your property, along with dockable waterfront access perfect for boating, fishing, paddle-boarding, or simply relaxing by the water. Whether you are looking for a primary residence, weekend getaway, or investment opportunity, this home captures the best of coastal Alabama living.Inside, the 1,220 sq. ft. home features an updated kitchen and renovated bathroom, creating a bright and welcoming space for entertaining family and friends. There is also a bonus room that can be converted to another bedroom if desired. Major improvements have already been completed, including a roof and windows that are both less than 5 years old, giving added peace of mind for years to come. **The lot has been divided but the tax records don’t yet reflect it. It is the NE half 50’ of the whole parcel and includes the house. See Documents for subdivided plat.** Buyer to verify all information during due diligence.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1955
Materials
- Roof: Metal
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Washer,Microwave,Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Ceiling Fan(s)
- Flooring: Tile,Laminate
Heating
- Heating features: Electric
Interior Area
- Total interior livable area: 1,220 sqft
Property
Details
- Parcel number: 6207360003055.000
- Special condition: None
Features
- Stories: 1
- Pool features: None
- Patio & porch: Patio,Rear Porch
- Has view: Yes
- View description: Canal
- Has water view: Yes
- Water view: Canal
- On waterfront: Yes
- Waterfront features: Canal Front Building,Bay Access Less Than Or Equal To Quarter Mile,Canal Access Less Than Or Equal To Quarter Mile
- Waterbody name: Bay LA Launch
Lot
- Features: Level,Waterfront,Water View,Less Than 1 Acre
Parking
- Parking features: Three Or More Vehicles
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Coastal Flooding
- Inland Flooding
- Lightning
- Heat Wave
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Alabama Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,286 | $39,432 |
| Home Insurance * | $451 | $5,412 |
| Property Taxes | $157 | $1,884 |
| Electricity | $240 | $2,881 |
| Total | $4,134 | $49,608 |
Income You'd Need if You Spent...
Alabama FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-04 | Price change | $614,900 |
| 2026-07-15 | Listed for sale | $650,000 |
| 2026-06-12 | Listing removed | -- |
| 2026-06-08 | Price change | $699,000 |
| 2026-05-28 | Listed for sale | $750,000 |
| 2026-01-28 | Sold | $750,000 |
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