Forest Bay Estates
Homes for Sale in Gulf Breeze, FL
All 196 homes for sale in Gulf Breeze, FL · median $521,750 · 148 homes for sale in 32563 · Santa Rosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo courtesy of Christine Dougherty, GREAT SOUTHERN REAL ESTATE, LLC · via Pensacola MLS
As of October 2026, Forest Bay Estates in Gulf Breeze, FL has 6 homes for sale. Over the 12 months ending 2026-09-20, 11 recorded sales closed at a median of $500,000, $213 per square foot, a median 64 days on market, sellers accepting 96% of original asking (+6% versus the prior year). Homes listed or recently sold were built 2020–2022; 17 of 17 report an HOA (median $67/mo); none of the 17 geocoded homes sit in a FEMA special flood hazard zone (median elevation 34 ft). At the median price and Santa Rosa County's FY2025-26 rate of 12.81 mills, annual property tax runs about $6,400 ($5,900 with the full homestead exemption).
Homes For Sale Right Now in Forest Bay Estates
Live MLS inventory for Forest Bay Estates. 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 · 170 daysTop listing
Active · 1 days
Active · 89 days
Pending · 2 days
Pending · 143 daysActive and pending Forest Bay Estates listings as of 2026-10-19, priced high to low. Copyright© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Tap any home to ask about it.
Forest Bay Estates right now
🟢 Buyer-leaning market. 6.5 months of supply and 40% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Pensacola MLS records, as of September 20, 2026. Confidence: High (10 active and pending listings, 11 closed sales in 12 months).
🟡 Still climbing. The trailing-12-month median ($500K) is up 6.0% from the prior 12 months ($472K).Momentum Research, record-level Pensacola MLS closed sales, 12-month windows ending September 20. Confidence: Medium (11 and 10 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 20, 2026 · Live data: Pensacola MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Forest Bay Estates market snapshot (as of September 20, 2026): the median sale price is about $500K ($213 per sq ft over the trailing 12 months of closed sales), a median 64 days on market for closed sales, and 6.5 months of supply, a buyer-leaning market. The trailing-12-month median is up 6% from the prior 12 months, computed from record-level Pensacola MLS closed sales (11 closings in the current window).
In ZIP 32563 (Gulf Breeze), 415 homes closed in the last 12 months at a median of $427K ($230/sq ft), up 1.9% year over year, with a median 45 days on market. Right now 75 active and 40 pending listings put supply at about 3.2 months — a healthy market. See the live ZIP 32563 housing market and the Santa Rosa County market.
County records show 30 qualified sales in Forest Bay Estates across 2024–2025 (15 in 2024, 15 in 2025), median $495,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Flood zones in Forest Bay Estates: of 14 listing addresses checked against the FEMA National Flood Hazard Layer, 100% sit outside the FEMA Special Flood Hazard Area (Zone X). Individual parcels vary - verify any specific address at msc.fema.gov. See flood zones by neighborhood in Gulf Breeze.
Forest Bay Estates is a community of 246 homes in Gulf Breeze, Santa Rosa County, built between 2020 and 2023 (median 2022.0), with a median living area of about 2,710 square feet. 79% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
The setting & the homes.
Aerial and on-site photos of Forest Bay Estates. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Forest Bay EstatesPhotos from Pensacola MLS listings in Forest Bay Estates; content deemed reliable but not guaranteed.
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 Pensacola MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($500K) IS the median in the snapshot above, and the move from 2025 ($472K) IS the +6.0% one-year change.
Windows contain 0 to 112 sales each (11 in the current window); every figure carries its sample size, and thin markets swing on single closings. Copyright© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Deemed reliable but not guaranteed.
39% of homes for sale in ZIP 32563 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 (2026-10-20).
Forest Bay Estates Market Scorecard
Forest Bay Estates is currently a seller's market (limited data). About 3.0 months of supply, a median asking price of $508,000, and homes go under contract in about 89 days.
Typical home value in the 32563 ZIP is $403,499, about 16.1% below the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Copyright© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Forest Bay Estates on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Pensacola MLS. Map data © OpenStreetMap contributors.
Schools
- Santa Rosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- West Navarre · Elementary
- WOODLAWN BEACH · Middle
- Soundside High School · High
Zoned schools reflect the assignments reported on recent Forest Bay Estates listings and can change; always confirm with Santa Rosa County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Forest Bay Estates address.
Shop the zone: Homes zoned for Soundside High School · Homes zoned for Navarre High School
The Forest Bay Estates buying strategy.
If we were buying in Forest Bay Estates 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 Forest Bay Estates.
A closer look at the Forest Bay Estates market
At a median of $213 per square foot, Forest Bay Estates prices sit in a fairly defined band, so condition and updates — more than the list price — tend to separate one home from the next.
Inventory runs at 6.5 months of supply, a buyer-leaning market and the trailing-12-month median up 6% year over year. Homes that do trade take a median 64 days on market, useful leverage on any listing that has lingered.
The housing stock is 246 homes built between 2020 and 2023, and 79% of parcels are homesteaded — the owner-occupancy proxy in the Florida DOR assessment roll.
The location and the amenities are priced into every listing in Forest Bay Estates. 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 Forest Bay Estates 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 (6.5). Basis: Recent Direction +6.0% year-over-year; Liquidity & Demand 6.5 months of supply; Owner Commitment 79% owner-occupied; Pricing Power 95.5% sale-to-list. Refreshed with each data update.
What it really costs to own in Forest Bay Estates
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| HOA dues | Median $800/year (about $67/month) across 13 MLS listings (most billed annually; 2026-10-20). Dues cover what the documents say they cover; ask for the budget and reserve study. |
|---|---|
| Home and flood insurance | The average Citizens Property Insurance premium in Santa Rosa County is $2,444/yr (876 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. Flood: of 14 listing addresses checked against the FEMA flood map, 100% sit outside the high-risk zone. Statewide, a Zone X flood policy runs about $500-$700/yr and a high-risk zone $1,200-$2,500/yr (FEMA Risk Rating 2.0 averages, not quotes). |
| Roof and age | Median build year 2022 across 11 listings. Newer roofs and current wind-mitigation features usually mean the lower end of insurance quotes. |
Email me new listings in Forest Bay Estates
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 Forest Bay Estates
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Forest Bay Estates will answer, and the answer is published on this page for the next buyer.
HOA, CDD & Fees
- HOA dues reported around $800/year (about $67/month) · median of 13 MLS listings, most billed annually
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $800 a year ($67 a month) — the median AssociationFee across 13 MLS records, normalised to a monthly figure; most are billed annually. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Flood & Insurance Context
Of 14 sampled listing addresses in this community: 100% outside the FEMA Special Flood Hazard Area (Zone X/B/C).
Address-sampled; individual parcels vary - verify any specific address at msc.fema.gov. Check any address at FEMA's Flood Map Service Center, and see average home-insurance costs by Florida county.
Source: FEMA National Flood Hazard Layer, address-level lookups (n=14) · as of 2026-10
Tools for a Forest Bay Estates 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 Forest Bay Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Forest Bay Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Forest Bay Estates home worth?
Get a no-obligation home value based on real comparable sales in Forest Bay Estates, 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 Gulf Breeze →
Recently off market in Forest Bay Estates
Homes in Forest Bay Estates that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 6 on record.
- 2367 Cloudberry Dr · off market
- 5991 Forest Bay Ave · off market
- 6074 Forest Bay Ave · off market
- 6538 Forest Bay Ave · off market
- 6569 Forest Bay Ave · off market
- 6586 Forest Bay Ave · off market
Housing distress & ownership in Forest Bay Estates, Gulf Breeze
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. Copyright© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Deemed reliable but not guaranteed.
Just listed in Forest Bay Estates
The newest homes for sale in Forest Bay Estates right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.
- 6189 Forest Bay Ave $508,000 · 4 bd · 3 ba · 2,304 sq ft · 1 day on market Courtesy of Levin Rinke Realty
- 6280 Forest Bay Ave $474,900 · 4 bd · 3 ba · 2,296 sq ft · 89 days on market Courtesy of The American Realty of Florida
- 6242 Jenks Dr $620,000 · 5 bd · 3 ba · 3,113 sq ft · 170 days on market Courtesy of KELLER WILLIAMS REALTY ALABAMA GULF COAST
Checked against the MLS Oct 20, 2026. All new listings in this market.
Every Home for Sale in Forest Bay Estates Right Now (5)
All 5 active and pending Forest Bay Estates listings with a detail page, newest first, refreshed twice a day from the MLS.
- 6189 Forest Bay Ave · $508,000 · 4 bd / 3 ba · listed Sep 10, 2026 · listed by Levin Rinke Realty
- 6320 Jenks Dr · $590,000 · 5 bd / 3 ba · pending · listed Sep 8, 2026 · listed by Keller Williams Realty Emerald Coast West Branch
- 6280 Forest Bay Ave · $474,900 · 4 bd / 3 ba · listed Jul 23, 2026 · listed by The American Realty of Florida
- 6242 Jenks Dr · $620,000 · 5 bd / 3 ba · listed Jul 22, 2026 · listed by Keller Williams Realty Alabama Gulf Coast
- 6358 Forest Bay Ave · $484,900 · 4 bd / 3 ba · pending · listed Jul 22, 2026 · listed by EXP Realty, LLC
Recently sold in Forest Bay Estates
- 5991 Forest Bay Ave · sold $479,000
- 6569 Forest Bay Ave · sold $409,900
- 2367 Cloudberry Dr · sold $680,000
Closed sales from the MLS; each page shows the sold price, taxes and value history.
More Gulf Breeze home searches
- All homes for sale in Gulf Breeze, FL
- Homes for sale in Santa Rosa County, FL
- Gulf Breeze waterfront homes for sale
- Homes under $300K in Gulf Breeze
- Homes from $300K to $500K in Gulf Breeze
- 4-bedroom homes for sale in Gulf Breeze
- Gulf Breeze home values: what is my house worth?
- ZIP 32563 housing scorecard
- 4 coming-soon communities in Santa Rosa County
Gulf Breeze guides & data
- Market data
- Cost of living
- Best neighborhoods
- Flood zones
- Property taxes (Santa Rosa County)
- Homestead exemption (Santa Rosa County)
- Home insurance cost
- New construction
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
Real estate agent in Gulf Breeze? Join Momentum in Gulf Breeze: 100% commission, one $12K cap.
Streets in this community
Street-level pages: every home on record, what sold and what is for sale on each street.
- Forest Bay Avenue (156 homes on record)
- Jenks Drive (48 homes on record)
- Cloudberry Drive (37 homes on record)
Frequently Asked Questions
What is the median home price in Forest Bay Estates?
How long do homes in Forest Bay Estates take to sell?
Is Forest Bay Estates a buyer's or seller's market right now?
How many homes are in Forest Bay Estates?
What share of Forest Bay Estates is owner-occupied?
When were the homes in Forest Bay Estates built?
Who is the best real estate agent for Forest Bay Estates?
How do I find a top Gulf Breeze real estate agent who knows Forest Bay Estates?
Can Momentum Realty connect me with an agent for Forest Bay Estates?
Where is Forest Bay Estates, and what county is it in?
Is Forest Bay Estates in a flood zone?
Is Forest Bay Estates a good place to live?
Data sources & freshness
| Live listings | Pensacola MLS, refreshed twice daily (last: October 19, 2026) |
| Community market stats | Pensacola MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (3 streets, ZIP 32563)) |
| Under-contract shares | Pensacola MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2020 (312 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 Pensacola 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.
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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 Pensacola MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Forest Bay Estates fits the bigger picture — live prices, inventory, and Momentum Scores:
More on Forest Bay Estates
- Home values · What homes in Forest Bay Estates actually sell for
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