Orange Beach, Ala. — (OBA) — Orange Beach’s luxury market reaches new heights with the sale of a waterfront home for $9.25 million, making it the most expensive house ever sold on Pleasure Island. Situated on the south side of Canal Road, overlooking Bayou St. John, the property attracted strong interest from high-end buyers. Real estate experts say the sale reflects growing demand for ultra-luxury homes along Alabama’s Gulf Coast. They also note that the record-breaking price indicates a limited supply of prime waterfront lots on the island.

The closing took place on February 12, 2026. Records indicate that no previous residential sale on the island has reached $9 million, making this transaction a historic milestone for real estate in Orange Beach. Matthew J. Welch with RE/MAX Paradise, the agent representing the buyer, says the price could reset expectations for future listings in the area. Beverly Kennedy with Engel & Volkers was the listing agent.

The home was built by Chad Loper of Loper Construction in Orange Beach. The house combines the charm of a classic coastal retreat with modern luxury finishes. It offers expansive views, multiple outdoor living areas, and direct access to Bayou St. John, features that contributed to the final price reaching a record. 

The sale has quickly become a hot topic among island residents and real estate enthusiasts who monitor the rapidly changing market. Some local agents believe that other owners of large waterfront estates might now consider listing their properties, motivated by the strong closing price. Others warn that the $9.25 million figure reflects a unique combination of location, design, and waterfrontage that could be difficult to duplicate.

For now, the $9.25 million sale sets a new benchmark for island real estate and highlights how much Orange Beach has advanced as a luxury market. Local brokers will be watching closely to see whether this record stands or if another waterfront estate soon challenges it.