Nestled along the shores of Wolf Bay in the heart of Orange Beach, this rare waterfront townhome at Magnolia Key offers the perfect blend of boating lifestyle, low-density living, and peaceful coastal charm. One of only 5 waterfront residences within this private 22-unit community, this 2 bedroom, 2.5 bathroom townhome with bonus room features unobstructed water views and direct access to the bay from your assigned boat slip just steps from the front door. Whether you enjoy sunset cruises, fishing adventures, or simply watching dolphins and boats pass by, this property delivers the true waterfront lifestyle without the congestion of a high-rise complex. Inside, the spacious living area is designed to maximize the stunning bay views, complete with a cozy fireplace and an open-concept flow into the kitchen and dining area. The kitchen features granite countertops, stainless steel appliances, and ample cabinet space, creating the ideal setting for entertaining family and friends after a day on the water. Upstairs, the primary suite offers its own private balcony overlooking Wolf Bay, creating a serene retreat to enjoy morning coffee and coastal breezes. The additional bedroom and bonus room provide flexibility for guests, office space, or additional sleeping accommodations. Magnolia Key residents enjoy a waterfront pool, grilling area, and a relaxed atmosphere tucked away off Canal Road while remaining conveniently close to restaurants, marinas, shopping, entertainment, and the white sand beaches of the Gulf Coast. The community has recently seen a 25% decrease in the master insurance policy, with no upcoming assessments currently planned, offering added peace of mind for owners. Opportunities to own one of the limited true waterfront units in Magnolia Key are exceptionally rare, especially with dedicated boating amenities and unobstructed Wolf Bay views. Waterfront living in Orange Beach simply does not get much better than this. 30 Day Rental Restrictions.
Nestled along the shores of Wolf Bay in the heart of Orange Beach, this rare waterfront townhome at Magnolia Key offers the perfect blend of boating lifestyle, low-density living & peaceful coastal charm. One of only 5 waterfront residences in this private 22-unit community, this 2-bedroom, 2.5-bath townhome with bonus room includes an assigned boat slip with lift just steps from the front door, providing effortless access to Wolf Bay. Enjoy unobstructed water views, sunset cruises, fishing adventures & dolphins passing by, all without the congestion of a high-rise complex. Inside, the spacious living area is designed to maximize the beautiful bay views, featuring a cozy fireplace & open-concept flow into the kitchen and dining area. The kitchen offers granite countertops, stainless steel appliances & ample cabinetry, perfect for entertaining after a day on the water. Upstairs, the primary suite features a private balcony overlooking Wolf Bay, creating a peaceful retreat for morning coffee & coastal breezes. An additional bedroom & bonus room offer flexibility for guests, an office or additional sleeping space. Magnolia Key residents enjoy a waterfront pool, grilling area & relaxed setting tucked away off Canal Road, while remaining close to restaurants, marinas, shopping, entertainment & Gulf Coast beaches. The community has recently seen a 25% decrease in the master insurance policy, with no upcoming assessments currently planned, offering added peace of mind. True waterfront opportunities in Magnolia Key are exceptionally rare, especially with a dedicated boat slip, lift & unobstructed Wolf Bay views. 30-day rental restriction. Buyer to verify all information during due diligence.
PARMLS #683033
Aug 10, 2026
Price Changed
$529,000
$365/sq ft
May 21, 2026
Listed
$549,000
$379/sq ft
BCAR #337967
Mar 1, 2023
Sold
$460,000
$317/sq ft
Oct 21, 2022
Listed
$499,000
$344/sq ft
+29
Relax and enjoy the beauty of Wolf Bay without the chaos of a high density complex. This two bedroom/two bath unit offers unencumbered views. Do you struggle to put your boat in the water? Have your assigned/deeded boat slip right out your front door. This recently renovated unit has a new roof, siding, front door, windows and many other attractive architectural features. The kitchen has granite counter tops and new stainless steel appliances. Decompress in the spacious living room with bay views and a wood burning fireplace. Sip your morning coffee on the master suite balcony with priceless water vistas, all close to town but far enough to be a peaceful retreat.
BCAR #330862
Oct 24, 2022
Delisted
—
Aug 5, 2022
Price Changed
$549,000
$379/sq ft
May 16, 2022
Listed
$599,000
$413/sq ft
Public Records
Jun 18, 2015
Sold
$230,000
$159/sq ft
Public Records
Sep 11, 2002
Sold
$185,000
$128/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,549 (+58.5%)
2023
$977 (+14.2%)
2022
$855 (+10.0%)
2021
$777
2020
$777
2019
$777 (+7.6%)
2018
$722 (+2.4%)
2017
$705 (−51.1%)
2016
$1,441 (+145.5%)
2014
$587
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
—
Year renovated
1989
Finished Sq. Ft.
1,224
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,224
Year built
1989
Style
Condo/Co-op
County
Baldwin County
APN
65-02-04-2-001-041.000-903
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 7, 2026.
PUD
AIRPORT HEIGHT OVERLAY DISTRICT
Planned Unit Development District
This district in intended to provide flexibility in densities, setbacks, uses, open space and other bulk and area requirements for property that would otherwise be mandated by the zoning ordinance and subdivision regulations.
Zone overlays
Jack Edwards Airport Height Zoning Overlay District.