Emerald Bay
Homes for Sale in Miramar Beach, FL
All 675 homes for sale in Miramar Beach, FL · median $659,000 · Walton County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Emerald Coast MLS
As of October 2026, Emerald Bay in Miramar Beach, FL has 3 homes for sale. Over the 12 months ending 2026-09-20, 14 recorded sales closed at a median of $777,500, a median 89 days on market, sellers accepting 92% of original asking (-4% versus the prior year). Homes listed or recently sold were built 1996–2018; none of the 6 geocoded homes sit in a FEMA special flood hazard zone (median elevation 13 ft). At the median price and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $7,590 ($7,200 with the full homestead exemption).
Homes For Sale Right Now in Emerald Bay
Live MLS inventory for Emerald Bay. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active · 93 daysTop listing
Active · 110 days
Active · 119 days
Pending · 88 days
Pending · 29 days
Pending · 149 daysActive and pending Emerald Bay listings as of 2026-07-25, priced high to low. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Price in Emerald Bay is driven by the homes themselves, not by shared amenities — none turned up in current MLS listings. With a median build year of 2001 and construction spanning 1992 to 2023, you are looking at a range of ages and conditions under one median of $777,500. What a specific home has been updated to do, and its square footage relative to the 2,883-square-foot median, will move the number more than any community feature.
The market posture here is slow and selective. A median 83.5 days on market and a heat score of 28 point to buyers who take their time, and only three active listings means inventory is thin. Values are down 3.7% year over year, though the longer arc since 2012 is up 102%. For sellers, that combination argues for sharp pricing and patience; for buyers, the pace leaves room to negotiate rather than chase.
Emerald Bay right now
🟡 Off the recent peak. The trailing-12-month median ($778K) is down 3.7% from the prior 12 months ($808K) and up 102% since 2012. With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Emerald Coast MLS closed sales, 12-month windows ending September 20. Confidence: Medium (14 and 8 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 16, 2026 · Live data: Emerald Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Emerald Bay market snapshot (as of September 20, 2026): the median sale price is about $778K, and a median 90 days on market for closed sales. The trailing-12-month median is down 4% from the prior 12 months and up 102% since 2012, computed from record-level Emerald Coast MLS closed sales (14 closings in the current window).
In ZIP 32541 (Miramar Beach), 790 homes closed in the last 12 months at a median of $730K ($199/sq ft), down 1.9% year over year, with a median 96 days on market. Right now 488 active and 65 pending listings put supply at about 9.0 months — a soft market. See the live ZIP 32541 housing market and the Okaloosa County market.
County records show 18 qualified sales in Emerald Bay across 2024–2025 (8 in 2024, 10 in 2025), median $825,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Emerald Bay is a community of 163 homes in Miramar Beach, Walton County, built between 1992 and 2023 (median 2001), with a median living area of about 2,885 square feet. 72% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Emerald Bay is a small, established Miramar Beach community of 165 homes in Walton County, where a high homestead share of roughly 71% points to owner-occupancy rather than a rental-heavy street.
The setting & the homes.
Aerial and on-site photos of Emerald Bay. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Emerald BayEmerald BayEmerald BayEmerald BayEmerald BayEmerald BayPhotos from Emerald Coast MLS listings in Emerald Bay; content deemed reliable but not guaranteed.
Who Emerald Bay is best for.
Best for
- Long-term owner-occupants comfortable around the $777,500 median who plan to stay
- Buyers who value a slow, low-inventory market that rewards patience over speed
- Those wanting an established build vintage and willing to weigh each home on its updates
Probably not for
- Buyers who need shared amenities, since none were identified in current listings
- Short-horizon buyers uneasy with a 3.7% year-over-year decline
- Anyone needing to close quickly against a median 83.5 days on market and just three active listings
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Emerald Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($778K) IS the median in the snapshot above, and the move from 2025 ($808K) IS the -3.7% one-year change.
Windows contain 2 to 14 sales each (14 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Walton County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Walton County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
10% of homes for sale in ZIP 32550 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-10-07).
Emerald Bay Market Scorecard
Emerald Bay is currently a balanced market., a median asking price of $860,000, and homes go under contract in about 110 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Emerald Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Emerald Bay on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Emerald Coast MLS. Map data © OpenStreetMap contributors.
Schools
- Walton County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Van R Butler · Elementary
- Emerald Coast · Middle
- South Walton · High
Zoned schools reflect the assignments reported on recent Emerald Bay listings and can change; always confirm with Walton County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Emerald Bay address.
Shop the zone: Homes zoned for South Walton High School
The Emerald Bay buying strategy.
If we were buying in Emerald Bay today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Emerald Bay.
A condition-driven market with thin supply
The homestead share near 71% tells you most of these are primary residences held long-term, which helps explain why only three homes are active at any given time. Turnover is limited, and the ten closings in the tracked window came slowly — the median home sat 83.5 days before selling. That is not a market where you find and close in a weekend.
Because no community amenities surfaced in the listings, the median of $777,500 reflects the houses: their age within the 1992-to-2023 span, their updates, and their size around the 2,883-square-foot median. The 3.7% year-over-year dip suggests softening at the margin even as the since-2012 figure sits at 102%. Buyers should underwrite the specific home rather than assume a rising tide; sellers should expect scrutiny on condition.
The location and the amenities are priced into every listing in Emerald Bay. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Emerald Bay buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (6.0). Basis: Long-Term Appreciation +102% since 2012; Recent Direction -3.7% year-over-year; Owner Commitment 72% owner-occupied; Pricing Power 92.1% sale-to-list. Refreshed with each data update.
Why work with Momentum here
With only three active listings and a slow 83.5-day median, timing and read on condition are everything in Emerald Bay. We track what actually closes here and what it closed for, so you are pricing or offering against real evidence — not guesswork — in a market where a single listing can shift the picture.
Emerald Bay in 15 seconds.
Email me new listings in Emerald BayHomes for Sale
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Emerald BayHomes for Sale
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Emerald BayHomes for Sale will answer, and the answer is published on this page for the next buyer.
What it really costs to own in Emerald BayHomes for Sale
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| Property tax | Current owners' bills run a median of $5,356/yr across 4 listings here (MLS tax records, 2026-10-16). |
|---|---|
| Home and flood insurance | The average Citizens Property Insurance premium in Walton County is $1,942/yr (433 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 2001 across 4 listings. An original roof here would be about 25 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Emerald Bay buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Emerald Bay sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Emerald Bay, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Emerald Bay home worth?
Get a no-obligation home value based on real comparable sales in Emerald Bay, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Miramar Beach →
| Location | Miramar Beach, Walton County, FL · ZIP 32541, 32550 |
|---|---|
| Homes in the community | 163 (FL DOR 2025 assessment roll) |
| Years built | 1992–2023 (median 2001) |
| Typical living area | 2,885 sq ft (median) |
| Home types (current listings and sales) | detached single family 100% |
| Amenities listed by sellers | Gated, Golf, Pool, Tennis Court(s), Short Term Rental - Not Allowed, Pets Allowed |
| Sale prices, last 12 months | $777,500 median across 14 closed sales · -3.7% vs the prior 12 months |
| Days on market (closed sales) | 89 median |
| For sale right now | 3 active, 3 pending · median asking $860,000 |
| Owner-occupied (homestead) share | 72% |
Data as of September 20, 2026. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Emerald Bay key facts,” movewithmomentum.com/neighborhoods/emerald-bay--walton, data as of September 20, 2026.
Housing distress & ownership in Emerald Bay, Miramar Beach
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
Just listed in Emerald Bay Homes for Sale: 3 Homes
The newest homes for sale in Emerald Bay Homes for Sale: 3 Homes right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 792 N Indigo Loop $898,750 · 3 bd · 2 ba · 93 days on market Courtesy of Keller Williams Realty Destin
- 354 Cobalt Lane $860,000 · 4 bd · 3 ba · 110 days on market Courtesy of Realty ONE Group Emerald Coast
- 244 Indigo Loop $670,000 · 4 bd · 2.5 ba · 119 days on market Courtesy of Newman Dailey Resort Properties
Checked against the MLS Oct 13, 2026. All new listings in this market.
Every Home for Sale in Emerald Bay Walton Right Now (6)
All 6 active and pending Emerald Bay Walton listings with a detail page, newest first, refreshed twice a day from the MLS.
- 358 Indigo Loop · $799,000 · 3 bd / 2.5 ba · pending · listed Aug 12, 2026 · listed by Keller Williams Realty Destin
- 138 Azure Place · $949,500 · 4 bd / 2.5 ba · pending · listed Jul 18, 2026 · listed by RE/MAX by the Sea
- 792 N Indigo Loop · $898,750 · 3 bd / 2 ba · listed Jul 16, 2026 · listed by Keller Williams Realty Destin
- 354 Cobalt Lane · $860,000 · 4 bd / 3 ba · listed Jul 16, 2026 · listed by Realty ONE Group Emerald Coast
- 244 Indigo Loop · $670,000 · 4 bd / 2.5 ba · listed Jul 16, 2026 · listed by Newman Dailey Resort Properties
- 740 Indigo Loop · $688,000 · 3 bd / 3 ba · pending · listed Jul 16, 2026 · listed by Keller Williams Realty Destin
More Miramar Beach home searches
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- Homes for sale in Walton County, FL
- Miramar Beach waterfront homes for sale
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- Homes under $300K in Miramar Beach
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- Miramar Beach home values: what is my house worth?
- ZIP 32541 housing scorecard
Recent Developments in Emerald Bay Walton
Development, infrastructure, retail, and school activity affecting Emerald Bay Walton, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- August 2026Infrastructure
Walton commissioners approve up to $4.69 million Westbay Parkway design contract
At its August 17, 2026 meeting, the Walton County Board of County Commissioners approved, on the consent agenda, a contract with Mott MacDonald for Westbay Parkway design not to exceed $4,693,502.38. The same agenda included a $184,117 Dewberry task order for the Santa Clara Regional Beach Access Bramble Grove addition.
What it may mean for the marketDesign work on Westbay Parkway is an early step toward added road capacity in western Walton County. The project is about 15 miles northeast of Emerald Bay Walton, elsewhere in Walton County.
Source: Walton County Government - July 2026Infrastructure
Scenic Walton advances underground utilities and gateway landscape projects
Scenic Walton reported progress on countywide initiatives, including a $200,000 Freeport U.S. 331 gateway landscape project supported by a $100,000 FDOT Highway Beautification Grant, plus a 30A West gateway landscape project and early planning for countywide underground utilities. Funding for the utilities study advanced into Walton County's draft budget for fiscal year 2026 to 2027.
What it may mean for the marketAdvances roadway beautification and stormwater improvements along the Freeport U.S. 331 corridor and the 30A west gateway and lays groundwork for utility resilience upgrades across Walton County. The site is about 15 miles northeast of Emerald Bay Walton.
Source: Get The Coast - June 2026Civic
DeSantis signs state budget with funding for Okaloosa County projects
Governor DeSantis signed the state budget that included roughly $15 million for 20 Okaloosa County projects, among them $5 million for the Northwest Florida State College Workforce Innovation Center in Niceville, $1.5 million for Shalimar Bridge Park, and $3 million for Destin road and drainage work. About $7.26 million in other local requests were vetoed.
What it may mean for the marketDirects state funding toward workforce, park, road, and drainage infrastructure across Okaloosa County, supporting public facilities and capacity in Niceville, Shalimar, and Destin. The site is about 12 miles northwest of Emerald Bay Walton.
Source: Get The Coast
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
What is the median home price in Emerald Bay?
How long do homes in Emerald Bay take to sell?
How many homes are in Emerald Bay?
What share of Emerald Bay is owner-occupied?
When were the homes in Emerald Bay built?
Have Emerald Bay home prices gone up?
Who is the best real estate agent for Emerald Bay?
How do I find a top Miramar Beach real estate agent who knows Emerald Bay?
Can Momentum Realty connect me with an agent for Emerald Bay?
Where is Emerald Bay, and what county is it in?
Is Emerald Bay a good place to live?
Should you buy in Emerald Bay?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Emerald Coast MLS, refreshed twice daily (last: July 25, 2026) |
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (4 streets, ZIP 32541/32550)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 1997 (159 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Emerald Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Emerald Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Emerald Bay fits the bigger picture — live prices, inventory, and Momentum Scores:
More on Emerald Bay
- Home values · What homes in Emerald Bay actually sell for
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