Ocean Reef Homes under $500,000

Welcome to Ocean Reef, a picturesque subdivision nestled in the heart of Gulf Shores, Alabama. Known for its stunning coastal beauty and vibrant community spirit, Ocean Reef offers the perfect blend of tranquility and convenience for those seeking their dream home by the sea.

This charming neighborhood boasts a variety of homes priced under $500,000, making it an attractive option for first-time buyers, families, and retirees alike. With a range of architectural styles, from cozy beach cottages to modern family residences, there’s something for everyone in Ocean Reef. Each home is thoughtfully designed to embrace the coastal lifestyle, featuring open floor plans, spacious backyards, and proximity to the sparkling waters of the Gulf of Mexico.

Living in Ocean Reef means enjoying the best of Gulf Shores. Residents have easy access to pristine beaches, where sun-soaked days can be spent swimming, sunbathing, or simply relaxing with a good book. The area is also rich in recreational opportunities, with nearby parks, hiking trails, and water activities like kayaking and fishing. Plus, a variety of local shops, restaurants, and entertainment options are just a stone’s throw away, ensuring that everything you need is within reach.

Whether you're looking to invest in a vacation home or make a permanent move to this coastal paradise, Ocean Reef is a community that welcomes you with open arms. Experience the charm of Gulf Shores and discover your perfect home in Ocean Reef, where coastal living meets affordability. Embrace the lifestyle you’ve always dreamed of today!

Newest Ocean Reef Homes under $500,000

507 W Beach Blvd Unit UNIT 108, Gulf Shores

$330,000

1 Beds ⋅ 1 Baths ⋅ 411779 MLS

Steps from the sand in the heart of Gulf Shores, this 1BR/1BA Ocean Reef condo offers 572 sq ft of easy coastal living. Ocean Reef is a low-density beachside community with quick beach access and a quieter feel than the high-rises. The efficient layout is simple to maintain, which makes it an easy lock-and-leave second home or a smart rental investment. Owners enjoy assigned covered parking, a large landscaped courtyard pool with grills and plenty of seating, and on-site laundry. Walk to The Hangout, restaurants, shopping, and the Shrimp Festival, with Gulf State Park just minutes away. Whether you want a weekend escape or an affordable way into the Gulf Shores beach market, this condo delivers location and value. Buyer to verify all information. Buyer to verify all information during due diligence.

507 W Beach Blvd Unit UNIT 108, Gulf Shores

Listing courtesy of Engel and Volkers Gulf Shores.

$409,900

3 Beds ⋅ 2 Baths ⋅ 371341 MLS ⋅ Ocean Reef BLDG.

Low density complex with only 45 units and just a 1/2 mile from the Hwy 59 intersection. This West Beach location is perfect to park the car and walk to about any activity. The condo has a direct view over the tropical pool area and only steps to the beachfront. The interior has been updated with paint, flooring, and furnishings. Covered, assigned parking is located directly below the condo. Buyer to verify all information during due diligence.

507 W Beach Blvd Unit 304, Gulf Shores

Listing courtesy of RE/MAX of Gulf Shores.

$355,000

2 Beds ⋅ 1 Baths ⋅ 363184 MLS ⋅ Ocean Reef BLDG.

Looking for your piece of paradise? This cozy, coastal condo offers the perfect beachside retreat with 2 bedrooms, 1 bathroom, and charming light and airy furnishings and décor throughout. Enjoy balcony access from both bedrooms and the living area, with views overlooking the sparkling pool. The unit features durable luxury vinyl plank flooring throughout and a fully equipped kitchen with painted cabinets, overlooking the breakfast area—ideal for a vacation getaway or investment property. Additional highlights include assigned owner parking, easy beach access just steps away, a large outdoor pool area with grills and plenty of seating, and a convenient laundry facility underneath the condo. The HVAC unit was replaced in September 2023. Located in a prime spot within walking distance to popular restaurants, shopping, and entertainment. Don’t miss out on this fantastic opportunity! Buyer to verify all information during due diligence.

507 W Beach Blvd Unit 502, Gulf Shores

Listing courtesy of RE/MAX of Orange Beach.

$372,000

2 Beds ⋅ 1 Baths ⋅ 377610 MLS ⋅ Ocean Reef BLDG.

Seller offering to cover 12 months of HOA dues to new buyer. This charming Beachfront condo is in a low density, two storied complex that offers a fantastic partial ocean view and quick access to the beach. Located in the heart of Gulf Shores, Ocean Reef is within walking distance to the Hang Out, local restaurants, and popular attractions. From this unit you will have views of the courtyard pool and the Gulf of Mexico. This short-term rental has covered parking as well as a large outdoor deck. Don’t miss out on this rare opportunity to own a piece of Gulf Shores paradise! Buyer to verify all information during due diligence.

507 W Beach Blvd Unit 402, Gulf Shores

Listing courtesy of Lewis & Co. Real Estate.

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