The latest:  wild 3rd quarter, new listings popped out in April at even higher prices.

Coastal Condos
Residential Properties sold in March 2022: 232
Average Sales Price: $561,961
Average Days on Market: 31
Average Sales Price Change from March 2021: Increased 4.6%
Coastal Homes
Residential Properties sold in March 2022: 182
Average Sales Price: $645,659
Average Days on Market: 45
Average Sales Price Change from March 2021: Increased 12.8% 

However, there are a handful of condos in Orange Beach beneath the half-million dollar mark. Not direct gulf front, but beach access or bay access nonetheless.  Romar Village is right across the street from the beach, Perdido Dunes is on the beach side, and Bayview is on the bay, with first-come first-serve boat slips.
3 Under $400,000 ...