Engel & Völkers Florida today announced the closing of 29170 Canal Road in Orange Beach, Alabama, for $9,250,000, marking the highest residential sales price ever recorded in the market. The transaction was represented by Stephanie Harrington, License Partner of Engel & Völkers Pensacola, and Advisor Beverly Kennedy with Engel & Völkers Gulf Shores, who together co-listed the property. The seller was Matt Bryant, a longtime NFL kicker best known for his tenure with the Atlanta Falcons from 2009 to 2019.

“This sale speaks to the growing national attention on the Alabama Gulf Coast luxury market,” said Kennedy. “Buyers are recognizing the value, privacy, and waterfront lifestyle available here, and this closing proves Orange Beach can compete with top luxury destinations across the Southeast.”

The previous record was held by 28750 Canal Road, which sold for $7.4 million on December 8, 2025, represented by J. Tucker Shaver with Signature Properties. That estate featured five bedrooms, eight full bathrooms, one half bath, and 7,187 square feet of living space on 3.31 acres. By comparison, 29170 Canal Road spans 8,964 square feet—approximately 25% more living area—on 4.3 acres, nearly 30% more land, with seven bedrooms, eight full bathrooms, and two half baths. At $9.25 million, the sale represents a 25% increase over the previous market record, establishing a materially higher pricing and scale benchmark for luxury residential real estate in Orange Beach.

Originally introduced to the market in May 2025, the property attracted sustained interest from out-of-state buyers seeking privacy, acreage, and direct waterfront control along the northern Gulf Coast. Historically, the highest list prices for homes and condominiums in Orange Beach have hovered around $6.5 million, making this transaction a decisive leap in the market’s pricing ceiling rather than an incremental step forward.

“The Floribama corridor functions as a single coastal luxury ecosystem, with buyers routinely evaluating properties in both states,” said Harrington. “Co-listing allowed us to leverage the buyer relationships, marketing reach, and local expertise of both brokerages, which is a growing best practice for estate-level waterfront properties in this region. That collaborative approach was instrumental in achieving a record-setting result.”

The closing underscores continued momentum across the northern Gulf Coast, where limited inventory, estate-level waterfront parcels, and out-of-state migration are driving buyers to prioritize exclusivity, land, and privacy—traits traditionally associated with established luxury markets such as South Florida, the Carolinas, and parts of the Northeast.

“Record sales redefine perception,” said Peter Giese, CEO of Engel & Völkers Florida. “When a market surpasses its previous thresholds by this magnitude, it signals maturity and credibility to luxury buyers nationwide. Stephanie and Beverly’s success demonstrates how our advisors elevate emerging luxury markets onto a national stage.”