Gulf Shores Condo Guide · West Beach

Ocean Reef Condos for Sale

Condominium complex is located in the popular West Beach area of downtown Gulf Shores and was built in 1982. The 45 units that make up Ocean Reef range in size from 560 to 1,500 square feet. Ocean Reef condos are not all direct gulf-front and the building has one-, two-, and three-bedroom condos. Ocean Reef is within walking distance to numerous local hot spots.

Ocean Reef in Gulf Shores
507 W Beach Blvd, AL

Ocean Reef Real Estate

Ranked Among Coastal Alabama’s Most Coveted Communities

Active Inventory 4 Condos for Sale Updated live from MLS feed
Price Range $355,000 – $529,000 Residences & penthouses
Beach Access Yes - beachfront Direct Gulf-front shoreline
Rental Income Potential $29K–$39K (2BR) Proven vacation rental track record
Browse 4 Active Listings Call/Text Dave Davis
Real-Time MLS Inventory

Current Condos for Sale in Ocean Reef 4 Active Listings

Sorted by Price (High to Low)
507 W Beach Boulevard #504 Active 95 DOM 📷 47 Photos
$529,000 $536 / sqft
507 W Beach Boulevard #504
Gulf Shores, AL · MLS #397283
🛏️ 3 Beds
🛁 2 Baths
📐 987 Sq Ft
📅 1982

Turnkey Gulf-Side Rental Machine!Welcome to Ocean Reef, where luxury meets location! This completely remodeled 3BR/2BA townhouse-style retreat is the ultimate investment property…

507 W Beach Boulevard #304 Active 631 DOM 📷 20 Photos
$429,900 $436 / sqft
507 W Beach Boulevard #304
Gulf Shores, AL · MLS #371341
🛏️ 3 Beds
🛁 2 Baths
📐 987 Sq Ft
📅 1982

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 con…

507 W Beach Boulevard #402 Active 504 DOM 📷 15 Photos
$372,000 $517 / sqft
507 W Beach Boulevard #402
Gulf Shores, AL · MLS #377610
🛏️ 2 Beds
🛁 1 Baths
📐 720 Sq Ft
📅 1982

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…

507 W Beach Boulevard #502 Active 822 DOM 📷 20 Photos
$355,000 $493 / sqft
507 W Beach Boulevard #502
Gulf Shores, AL · MLS #363184
🛏️ 2 Beds
🛁 1 Baths
📐 720 Sq Ft
📅 1982

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 thr…

Watching for New Ocean Reef Listings?

Inventory along the Alabama Gulf Coast moves fast. Tell us what size, view, or price range you are watching, and we’ll alert you the moment a new property hits the MLS feed.

Living in Ocean Reef: Coastal Comfort & Lifestyle

Condominium complex is located in the popular West Beach area of downtown Gulf Shores and was built in 1982. The 45 units that make up Ocean Reef range in size from 560 to 1,500 square feet. Ocean Reef condos are not all direct gulf-front and the building has one-, two-, and three-bedroom condos. Ocean Reef is within walking distance to numerous local hot spots.

"Before writing an offer in Ocean Reef, we help buyers verify HOA financials, true rental performance, insurance realities, and recent comparable sales."

Dave Davis · Big Beach AL Team

Whether you are seeking a full-time residence, a coastal second home, or a high-performing vacation rental property, our local team provides the unvarnished data you need to make a confident decision.

Community Features & Amenities

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Outdoor pool
🎾
landscaped courtyard
🥩
grilling area
✨
on-site laundry
🌿
covered parking

Frequently Asked Questions About Ocean Reef

What is the estimated rental income for Ocean Reef?

Depending on unit size and floor plan, Ocean Reef condos typically generate $29K–$39K (2BR) | $37.5K–$50.5K (3BR) typical gross. Actual revenue varies based on property condition, interior upgrades, and owner usage.

Are Ocean Reef condos good for short-term rentals?

Ocean Reef rental rules are listed as: Yes. Always verify current HOA and city rules before making an offer.

Is Ocean Reef beachfront?

Yes - beachfront

What should buyers check before buying at Ocean Reef?

Review HOA dues, master insurance policy, rental restrictions, reserve funding, recent assessments, building condition, and comparable rental performance before writing an offer.

Helpful Guides for Ocean Reef Buyers

Use these local resources to compare Ocean Reef against nearby beaches, dining, financing, relocation, and lifestyle factors.

Beach & Waterfront Guide Compare public beach access, state park beaches, lagoons, trails, and waterfront lifestyle notes. Dining Guide Local restaurants, casual seafood spots, brunch, waterfront dining, and where buyers actually eat. Relocation Guide Taxes, insurance, hurricane planning, school notes, and out-of-state buyer timelines. Mortgage & Financing Loan strategy, second-home financing, investment-property numbers, and payment planning.

Compare Similar Gulf Shores Communities

Buyers evaluating Ocean Reef frequently tour these neighboring properties:

Gulf Shores PlantationThe Beach ClubThe DunesThe IndiesThe RookeryFort Morgan Townhomes

Active MLS Listing

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Meet the Experts

We didn't just move here - we built our lives here. And now we help other families do the same.

Kelly Davis
Team Lead

Kelly Davis

Associate Broker & Team Lead

Kelly is the heart and engine of Big Beach AL Team. She pairs coastal market knowledge with creative marketing and helps buyers and sellers make confident moves on the Gulf Coast.

Book a Call Email Kelly
Dave Davis
The Numbers Guy

Dave Davis

Lending Specialist & Realtor

Dave brings the financing brain to the table, helping buyers understand payments, carrying costs, rental projections, and the real numbers behind a beach property before they write an offer.

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Kerri Nicketta
Buyer's Agent

Kerri Nicketta

Expert Buyer Specialist & Lead Buyer's Agent

Kerri is the team's go-getter for showings, tours, and buyer follow-through. She keeps the process moving and helps clients compare properties with clear, on-the-ground context.

Book a Call Email Kerri