Eliza Theiss 
Reflecting national trends, Alabama’s real estate market is seeing diminishing supply and growing prices. Decatur currently ranks as the most affordable and Daphne-Fairhope-Foley the least affordable metro area, according to the Alabama Center for Real Estate. When it comes to non-metro areas, Tallapoosa County ranks as the priciest area thanks to Lake Martin’s pricey waterfront homes, which made up nearly half of all residential transactions in the first months of the year.
In fact, looking at the most expensive homes for sale in Alabama right now, two of the state’s 10 priciest are located on Lake Martin, and four benefit from the balmy breezes of the Gulf of Mexico. Ranging between $4,600,000 and $6,995,000, the priciest homes currently for sale in Alabama are all about enjoying warm weather by the water’s edge, whether on a lake, a sandy beach by the ocean, a spring-fed pond or a luxurious outdoor pool. Landscaped gardens, oversized porches and terraces, tree groves and even forests teeming with game offer plenty of opportunities to enjoy the outdoors, as do enviable equestrian facilities.
As for the #1 most expensive home for sale in Alabama right now, this pricey property overlooks the famed Shoal Creek Golf Course and boasts a 2,500-bottle wine cellar, a 10-seat theater, and indoor and outdoor bars, as well as a resort-grade pool along with two libraries.
10
23926 Perdido Beach Boulevard, Orange Beach
Asking price: $4,600,000
Nestled on the shores of the Gulf of Mexico, this 10-bed beachfront home has starred in a number of publications, including Brides Magazine. Known as Rumors, the 1.59-acre estate boasts 100 feet of sandy water frontage overlooked by 4 oversized beachside balconies. Large windows and the open living space maximize the relaxed oceanside atmosphere. The over 10,000-square-foot home also features 5 balconies on its street side, a fireplace and wet bar in the living room, exposed beams and a gourmet kitchen.
9
Asking price: $4,750,000
Just 30 miles from Huntsville, the 176-acre Angelwalk estate is touted as “the most breathtaking Alpine Log Home in the South.” Surrounded by lush woods, the 8-bed home features a bevy of stained glass windows, antique pine floors, lofted wood beam ceilings and carved mahogany doors. There’s a heated indoor pool, an elevator, a billiards area, fireplaces, a gourmet kitchen, and the master wing boasts a private morning kitchen and dual bathrooms.
Centered on enjoyment of the surrounding natural environment, the 16,478-square-foot home showcases a two-story great room with a wall of windows framing the lush woods just outside. Several decks, gardens and a bonfire gazebo offer generous outdoor living options. The large estate also includes a shooting range, hunting opportunities, creeks, trails and equestrian facilities, including stables and a riding pasture. Guests can relax at the private apartment situated atop the 5-car garage.
8
208 Wind Crest, Alexander City
Asking price: $4,800,000
Built in 1997 by Olympia Sporting Goods founder Bill Joiner, this 4+ acre lakefront property was created as a resort-style family estate. All 6 bedrooms feature their own en-suite bathrooms, while the master suite also includes a sunroom and a study. There’s a gourmet kitchen with walk-in pantry, a two-story great-room with oversized windows framing lake views, custom built-ins, a walk-in closet, a laundry room, and generous attic storage space.
Outdoors, the estate enjoys more than 750 feet of private frontage on Lake Martin, two docks, a two-bay boathouse, and an attached carport and attached garage, perfect for both cars and watercraft. A sizeable covered patio complete with ceiling fan creates an outdoor living room which flows into a large terrace with stunning lake views all around.
7
614 Ridgeview Point, Alexander City
Asking price: $4,950,000
Enjoying ample privacy on a Lake Martin promontory, the Sunrise to Sunset Estate comes with an in-home theater, two gourmet kitchens, cathedral ceilings with intricate exposed beams, a smart home system, 8 baths and 7 bedrooms. There’s also a game lounge with billiards, card and chess tables, a full bar, several fireplaces, including two outdoors, three laundry rooms, and a spa-like master bath. The study and one of the guest suites feature curved glass walls on three sides, offering ample lake views, as the nearly 12,000-square-foot home is three-quarters surrounded by water.
The outdoor living space maximizes the estate’s waterfront location with a large patio complete with a terrace with fire pit, a waterfront cabana with al fresco dining, and an in-ground pool and spa. Minutely landscaped, the 1-acre property showcases a rock garden complete with waterfall and pond, as well as a sandy beach and two piers with boatlifts.
6
Asking price: $4,995,000
A horse lover’s dream, this updated 480-acre farm in the Greater Birmingham area comes with a 14-stall family barn and a 44-stall commercial barn, each outfitted with tack rooms, a 0.75-mile race track, a soft floor arena and scenic pastures and woodlands. Riding and walking trails meander throughout the property, as does the Simmons Creek, and three stocked lakes offer plenty of fishing.
The 4-bed main residence offers more than 5,000 square feet of updated living space, with a gourmet kitchen, a billiards room, and a luxury master bath with closets. An expansive terrace at the back of the home overlooks the in-ground pool and spa, and is surrounded by landscaped gardens, manicured lawns and mature trees. The family barn includes a caretaker’s apartment, trophy cabinets and dual bathrooms.
5
19041 Scenic Highway 98, Fairhope
Asking price: $5,750,000
Built in 2010, this 5-bed Lea Verneille design evokes the historic homes of the Battles Wharf district. Nestled on a 2-acre lot by Mobile Bay, the 6,932-square-foot home comes with a gourmet kitchen, generous entertaining areas, a porch and patio with barbeque for outdoor entertaining, and a 3-car garage. A breezeway leads to the guest suite with its own kitchen, living room and bath.
There are manicured lawns and mature trees dotting the property, some attractive landscaping, and a sandy beach awaits you by the water. One of the most striking features of this luxurious waterfront home is the wharf. It features a boatlift, a fish cleaning station, a covered outdoor living room with al fresco dining, and an indoor kitchen.
4
542 Resting S Road, Indian Springs Village
Asking price: $5,900,000
One of the finest estates in the Greater Birmingham area, this 35-acre gated property offers ample privacy nestled against Oak Mountain Park. Classic architectural features like the observation tower, an 18th century mantle and Louis XV crystal and bronze chandeliers mix with modern touches like the smart home system, an elevator, and the master suite’s steam room and coffee bar. There’s also a fitness center, a chef’s kitchen with butler’s pantry, a sleeping porch, a craft room, a den, a study, and a 3-car garage.
Outdoor living space includes a 68-foot porch with an open-air living room and a stone fireplace. The estate showcases spring-fed ponds that are home to swans and geese, a pecan grove, pastures and water features. Guests can enjoy maximum privacy in the separate log house, and there’s also a pool complete with pool house for the hot summer months.
3
16801 Scenic Highway 98, Fairhope
Asking price: $5,945,000
For those looking for a family estate that still offers plenty of private space, this beachfront property in Point Clear might just be the ideal home. The 11-bed estate features no fewer than four homes including two main homes: the 7-bed, 8-bath Bay House and the 6,100-square-foot, 3-bed Murray House, both restored and facing the water of Mobile Bay. The 2,450-square-foot Guest Cottage offers 4 bedrooms, while The Studio features 1,300 square feet of living space, both having been built later but still in the same style as Bay House.
The grand estate boasts 251 feet of water frontage on Mobile Bay, including sandy beaches, as well as two wharfs, one of which houses an outdoor kitchen and a living room near the water. There’s a dual bathhouse by the bay as well, not to mention a beachside shower. Additional outdoor amenities include a putting green, a courtyard complete with a fireplace and ample space for entertaining, and a motorcourt. One detached garage features a workshop, while the other includes a private fitness center.
2
17655 Scenic Highway 98, Point Clear
Asking price: $6,750,000
One of only 40 properties on the Point Clear Boardwalk to feature sandy beaches, the 3.4-acre Bestor Place offers no less than 198 feet of water frontage on Eastern Mobile Bay, including a wide sandy beach. Built in 1847, the historic estate is on the market for the first time in 119 years. Just a quarter-mile from the Lakewood Golf Club, this historic property comes with two guest cottages, while its grounds abound in old-growth, moss-draped oaks, magnolias and countless azaleas. There’s also a pond, a wharf with outdoor seating, and fireplaces. The main home features an updated gourmet kitchen and a screened-in porch.
1
6 Greenbriar Ridge, Birmingham
Asking price: $6,995,000
Ranking as the #1 most expensive home for sale in Alabama, this 4-acre estate nestles in a peaceful forest with mountains in the distance and Shoal Creek and the famous Shoal Creek Golf Course close by. Built in 2000, the estate showcases antique and custom-made fixtures and finishes, including light fixtures, fountains, mantels, and roofs, along with modern amenities like the 10-seat home theater, elevator, resort-grade pool, and fitness center.
There is also a 2,500-bottle wine cellar, a game lounge complete with billiards and a bar, dual libraries, 5 fireplaces, an oversized walk-in closet, a chef’s kitchen and a secondary basement kitchen. The master suite covers 2,600 square feet and features dual bathrooms, a sitting area and a private terrace.
Expansive open and covered terraces, an outdoor bar, al fresco dining areas, a pool house, manicured lawns and formal gardens offer plenty of entertaining space outdoors and overnight visitors can enjoy privacy in the guest house. The estate also includes an artists’ studio, a vegetable garden and fruit trees, as well as a garage with a workshop area.
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Methodology
In order to determine which were the most expensive homes for sale in Alabama, we looked at all residential properties listed for sale, taking into account condo, co-op, and single- and two-family homes. All package deals were excluded.
