Pelican Isle
Condos for Sale in Fort Walton Beach, FL
All 408 homes for sale in Fort Walton Beach, FL · median $396,000 · 150 homes for sale in 32547 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of September 2026, Pelican Isle in Fort Walton Beach, FL has 4 homes for sale and 1 pending, asking from $425,000 to $849,900 (median $432,450). Over the 12 months ending 2026-09-20, 5 recorded sales closed at a median of $415,000, a median 62 days on market, sellers accepting 95% of original asking. Homes listed or recently sold were built 2002–2002; 7 of the 8 geocoded homes sit in a FEMA special flood hazard zone (median elevation 8 ft). At the median price and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $5,350 ($4,840 with the full homestead exemption).
| Location | Fort Walton Beach, Okaloosa County, FL · ZIP 32547, 32548 |
|---|---|
| Home types (current listings and sales) | condos 100% |
| Amenities listed by sellers | Beach, Elevators, TV Cable, Exercise Room, Pool, Waterfront |
| Sale prices, last 12 months | $415,000 median across 5 closed sales |
| Days on market (closed sales) | 62 median |
| For sale right now | 3 active, 1 pending · median asking $425,000 · 7.2 months of supply |
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. Market figures describe homes, not residents. Cite as: Momentum Realty, “PELICAN ISLE key facts,” movewithmomentum.com/neighborhoods/pelican-isle--okaloosa, data as of September 20, 2026.
Last 30 days in Pelican Isle: 1 new listing (median asking $439,900), 1 under contract right now, 1 closed sale (median $410,000). As of September 26, 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.
Homes For Sale Right Now in Pelican Isle
Live MLS inventory for Pelican Isle. 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 · 34 daysTop listingActive · 1 days
Active · 42 days
Active · 113 days
Pending · 95 daysActive and pending Pelican Isle listings as of 2026-09-26, 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.
Every Home for Sale in Pelican Isle Okaloosa Right Now (5)
All 5 active and pending Pelican Isle Okaloosa listings with a detail page, newest first, refreshed twice a day from the MLS.
- 866 Santa Rosa Boulevard #105 · $439,900 · 1 bd / 2 ba · listed Sep 22, 2026 · listed by Coldwell Banker Realty
- 866 Santa Rosa #318 · $849,900 · 2 bd / 2 ba · listed Aug 20, 2026 · listed by Fathom Realty FL LLC
- 866 Santa Rosa Boulevard #302 · $425,000 · 1 bd / 2 ba · listed Aug 12, 2026 · listed by The Beach Group Properties LLC
- 866 Santa Rosa Boulevard #102 · $425,000 · 1 bd / 2 ba · listed Jul 19, 2026 · listed by Scenic Real Estate
- 866 Santa Rosa Boulevard #305 · $420,000 · 1 bd / 2 ba · pending · listed Jun 27, 2026 · listed by RE/MAX by the Sea
Pelican Isle is a thin-inventory market right now, with just two active listings and only three closings in the recent window. With numbers this small, the median of $430,000 tells you where the middle of a narrow set landed, not a firm value line — condition and specifics drive price here more than any headline figure.
At a median of 62 days on market, homes are not moving on contact. That posture favors a patient buyer who can negotiate on terms and condition, and it tells a seller to price to the current reality and prepare for a longer runway rather than a bidding war.
Pelican Isle right now
🟢 Buyer-leaning market. 7.2 months of supply and 25% 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 Emerald Coast MLS records, as of September 20, 2026. Confidence: Medium (4 active and pending listings, 5 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 27, 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
Pelican Isle market snapshot (as of September 20, 2026): the median sale price is about $415K, a median 62 days on market for closed sales, and 7.2 months of supply, a buyer-leaning market.
In ZIP 32547 (Fort Walton Beach), 385 homes closed in the last 12 months at a median of $337K ($136/sq ft), up 12.1% year over year, with a median 38 days on market. Right now 107 active and 39 pending listings put supply at about 4.0 months — a healthy market. See the live ZIP 32547 housing market and the Okaloosa County market.
Emerald Coast MLS sales records identify 59 homes in PELICAN ISLE that have changed hands since 2002, built between 2002 and 2002 (median 2002), with a median living area of about 820 sq ft and a typical 1-bedroom, 2-bath layout; 100% are condominiums. Source: Emerald Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Pelican Isle sits in Fort Walton Beach, in Okaloosa County, and reads as a small, low-turnover pocket where a handful of transactions set the tone. Values here have climbed 123% since 2012, so the longer arc has been upward even if the current pace is measured.
The setting & the homes.
Aerial and on-site photos of Pelican Isle. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Pelican IslePhotos from Emerald Coast MLS listings in Pelican Isle; content deemed reliable but not guaranteed.
Who Pelican Isle is best for.
Best for
- Patient buyers who can wait for the right listing in a market with few active choices
- Buyers around the mid-$400s who value condition and location over shared amenities
- Long-hold buyers comfortable with a market that has moved measurably upward since 2012
Probably not for
- Buyers who need several homes to compare at once
- Buyers set on an amenity-rich community with pools or clubhouses
- Anyone needing a fast, competitive close on a tight timeline
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 ($415K) IS the median in the snapshot above.
Windows contain 0 to 11 sales each (5 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.
16% of homes for sale in ZIP 32548 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 (2026-09-27).
Pelican Isle Market Scorecard
Pelican Isle is currently a buyer-leaning market. About 7.2 months of supply, a median asking price of $425,000, and homes go under contract in about 42 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.
Housing distress & ownership in PELICAN ISLE, Fort Walton 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.
Pelican Isle 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
- Okaloosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Edwins · Elementary
- Bruner · Middle
- Fort Walton Beach · High
Zoned schools reflect the assignments reported on recent Pelican Isle listings and can change; always confirm with Okaloosa County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Pelican Isle address.
Shop the zone: Homes zoned for Fort Walton Beach High School
The Pelican Isle buying strategy.
If we were buying in Pelican Isle 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 Pelican Isle.
A small-sample market
The defining fact of Pelican Isle today is scale: two homes listed, three sold recently. In a market this size, a single unusual sale can swing the median, so treat the $430,000 figure as a rough marker rather than a precise benchmark. The real work is comparing a specific home's condition, layout, and lot against the small set of recent activity.
No community amenities surface in current MLS listings, so the value case rests on the homes themselves and on the Fort Walton Beach location rather than shared facilities. Buyers who need an amenity package should confirm what any specific property and its association actually offer before assuming anything.
The location and the amenities are priced into every listing in Pelican Isle. 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 Pelican Isle 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 3 factors (5.8). Basis: Long-Term Appreciation +116% since 2012; Liquidity & Demand 7.2 months of supply; Pricing Power 95.3% sale-to-list. Refreshed with each data update.
Why work with Momentum here
Thin markets reward local read over averages. With only a couple of active listings and a short closing history, we help you weigh each home on its own merits, gauge realistic pricing against a small comp set, and negotiate with the leverage that a 62-day pace tends to hand the patient side of the table.
Pelican Isle 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 Pelican Isle 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 Pelican Isle sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Pelican Isle, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Pelican Isle home worth?
Get a no-obligation home value based on real comparable sales in Pelican Isle, 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 Fort Walton Beach →
Recently off market in PELICAN ISLE
Homes in PELICAN ISLE 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. 2 on record.
- 866 Santa Rosa Boulevard #106 · off market
- 866 Santa Rosa Boulevard #506 · off market
Frequently Asked Questions
What is the median home price in Pelican Isle?
How long do homes in Pelican Isle take to sell?
Is Pelican Isle a buyer's or seller's market right now?
Have Pelican Isle home prices gone up?
Who is the best real estate agent for Pelican Isle?
How do I find a top Fort Walton Beach real estate agent who knows Pelican Isle?
Can Momentum Realty connect me with an agent for Pelican Isle?
Where is Pelican Isle, and what county is it in?
Is Pelican Isle a good place to live?
Should you buy in Pelican Isle?
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 26, 2026) |
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2002 (117 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 →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how PELICAN ISLE fits the bigger picture — live prices, inventory, and Momentum Scores:
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