Grayton Bayou
Homes for Sale in Point Washington, FL
All 8 homes for sale in Point Washington, FL · median $1,135,000 · Walton County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
Over the 12 months ending 2026-09-12, 7 recorded sales closed at a median of $799,000, a median 32 days on market, sellers accepting 96% of original asking. Homes listed or recently sold were built 2014–2023. At the median price and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $7,800 ($7,410 with the full homestead exemption).
Grayton Bayou is a small pocket in Santa Rosa Beach, with 94 homes and only 3 currently active. The median price sits at $802,500, but the number that really tells the story is the build range: homes here run from 1961 all the way to 2024, with a median build year of 2018. That spread means price is driven less by any single tier and more by vintage and condition — a recently built home and an early-1960s original are not competing on the same terms.
With a median of roughly 2,400 living square feet and inventory this thin, the market posture is measured rather than frantic. The median days on market is just over 40 days, which tells you well-priced, move-in-ready product moves but nothing sells on autopilot. Sellers should price to condition and expect scrutiny; buyers have room to be selective given how much the housing stock varies.
The 60-Second Overview
Grayton Bayou market snapshot (as of September 12, 2026): the median sale price is about $799K, and a median 32 days on market for closed sales.
In ZIP 32459 (Point Washington), 958 homes closed in the last 12 months at a median of $950K, up 0.2% year over year, with a median 81 days on market. Right now 501 active and 90 pending listings put supply at about 7.0 months — a buyer's market. See the live ZIP 32459 housing market and the Walton County market.
Grayton Bayou is a community of 75 homes in Point Washington, Walton County, built between 1961 and 2024 (median 2017), with a median living area of about 2,447 square feet. 47% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Grayton Bayou is a compact Santa Rosa Beach enclave where the housing stock spans more than six decades, so what you're really buying is a specific home's age and condition rather than a uniform product.
The setting & the homes.
Aerial and on-site photos of Grayton Bayou. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Grayton BayouPhotos from Emerald Coast MLS listings in Grayton Bayou; content deemed reliable but not guaranteed.
Who Grayton Bayou is best for.
Best for
- Buyers targeting the mid-$800s for a coastal Walton County home who value recent construction
- Second-home or investment buyers comfortable with a market where about half the homes are non-homestead
- Patient buyers willing to wait out thin inventory for the right condition and vintage
Probably not for
- Buyers who need an amenity-driven community, since none were identified from current listings
- Buyers wanting a wide, uniform selection to compare in a single visit
- Buyers seeking a fast, competitive-bid purchase rather than a measured, condition-driven one
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level Emerald Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($799K) IS the median in the snapshot above.
Windows contain 0 to 7 sales each (7 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.
18% of homes for sale in ZIP 32459 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 (2026-09-19).
GRAYTON BAYOU Market Scorecard
GRAYTON BAYOU is currently a no active listings market. Limited supply, a median asking price of n/a.
Typical home value in the 32459 ZIP is $864,108, about 71.4% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in GRAYTON BAYOU, Santa Rosa 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.
Homes For Sale Right Now in Grayton Bayou
Live MLS inventory for Grayton Bayou. 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 and pending Grayton Bayou listings as of 2026-09-17, 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.
Grayton Bayou 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, tiles © CARTO.
Schools
- Walton County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Dune Lakes · Elementary
- Emerald Coast · Middle
- South Walton · High
Zoned schools reflect the assignments reported on recent Grayton Bayou 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 Grayton Bayou address.
Shop the zone: Homes zoned for South Walton High School
The Grayton Bayou buying strategy.
If we were buying in Grayton Bayou 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 Grayton Bayou.
A neighborhood defined by its build range
The defining fact here is the mix of vintages. With original homes dating to 1961 and new construction as recent as 2024, and a median build year of 2018, this is a place where recent building has reshaped the housing stock without erasing the older core. That's why price behaves as a wide, condition-driven spread rather than a tight band — the $802,500 median is a midpoint across very different products, not a typical asking price.
Homestead share sits at 48 percent, meaning a little under half the homes are owner-occupied primary residences and the balance skews toward second homes or investment use — consistent with a coastal Walton County location. No community amenities surfaced from the current MLS listings, so evaluate each property on its own lot, structure, and proximity rather than on shared facilities.
The location and the amenities are priced into every listing in Grayton Bayou. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a neighborhood this small with only 3 active listings and a housing stock ranging from 1961 to 2024, the whole game is reading each home's condition against its price. We help buyers separate updated inventory from projects, and we help sellers set expectations honestly against a market where the typical listing takes just over 40 days to move.
Grayton Bayou in 15 seconds.
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 Grayton Bayou 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 Grayton Bayou sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Grayton Bayou, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Grayton Bayou home worth?
Get a no-obligation home value based on real comparable sales in Grayton Bayou, 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 Point Washington →
Recently off market in GRAYTON BAYOU
Homes in GRAYTON BAYOU 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. 3 on record.
- 117 Devlieg Avenue · off market
- 346 E Mitchell Avenue · off market
- Lots 2 & 3 E Mitchell Avenue · off market
Frequently Asked Questions
What is the median home price in Grayton Bayou?
How long do homes in Grayton Bayou take to sell?
How many homes are in Grayton Bayou?
What share of Grayton Bayou is owner-occupied?
When were the homes in Grayton Bayou built?
Who is the best real estate agent for Grayton Bayou?
How do I find a top Point Washington real estate agent who knows Grayton Bayou?
Can Momentum Realty connect me with an agent for Grayton Bayou?
Where is Grayton Bayou, and what county is it in?
Is Grayton Bayou a good place to live?
Should you buy in Grayton Bayou?
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: September 17, 2026) |
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending September 12, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (3 streets, ZIP 32459)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2018 (32 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?
You just read the data. Now see what your home is worth.
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.
Looking to buy here? Search homes for sale →
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See how GRAYTON BAYOU fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
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