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515 Preston Way, 
Gulf Shores, AL 36542

$494,776


4

Beds


3

Baths


2,304

Sq Ft


Single Family

Pending

Listed by

Keisha Lee

Dhi Realty Of Alabama, LLC.

251-621-9621

Last updated:

October 29, 2025, 02:52 AM

MLS#

387266

Source:

AL BCAR

About This Home

515 Preston Way

New Phase in Raley Farms now open for sale! Welcome back to one of the fastest selling communities in Gulf Shores, Alabama! This popular community is just minutes from the white, sandy beaches that Gulf Shores is famous for having! Discover sophistication in the Destin floorplan. This one-story, 4 bed, 3 bath home features 2,304 square feet of open living space and a back yard water view of the neighborhood lake. Features of this home include EVP throughout, quartz countertops, soft close cabinets, large breakfast bar, walk in pantry, large single bowl under mount stainless sink, stainless steel appliances, two ceiling fans, trey ceiling, crown molding and two covered patios front and back. There is plenty of room for parking with the attached double car garage and driveway. Community amenities include a large community pool, sidewalks, common area, and more! This home is being built to GOLD Fortified Standards potentially saving you on insurance. The home also comes with a 'Home Connected' (SM) Smart Home package, 1-year builder's and 10-year structural warranty. Home is under construction. Estimated completion of November 2025. Pictures are of similar home and not necessarily of subject property, including interior and exterior colors, options, and finishes. Buyer to verify all information during due diligence.

Home Facts

Single Family

3 Baths

4 Bedrooms

Built in 2025

Price Summary

494,776

$214 per Sq. Ft.

MLS #:

387266

Last Updated:

October 29, 2025, 02:52 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,304 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

2,304 Sq. Ft.

Year Built:

2025


Lot

Lot Size (Sq. Ft):

8,041


Finances & Disclosures

Finances

Price:

$494,776

Price per Sq. Ft:

$214 per Sq. Ft.

Source:AL BCAR
The information being provided by Baldwin County Association Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Baldwin County Association Of REALTORS® Mls All rights reserved.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.