Momentum Housing Data · Home Values · Santa Rosa County
Forest Bay Estates (Gulf Breeze, FL): 14 recorded closings in the 12 months ending 2026-07-13, a 6-year price record, and sales split by price band and home size — every number from recorded MLS closings, none from an estimate model.
In the current window, sellers accepted a median 95.8% of original asking; the median sale took 85 days (window ending 2026-07-13).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $483,750 | $212 | 85 | 95.8% | 14 |
| 2025 | $470,000 | $205 | 59 | 96.6% | 9 |
| 2024 | $540,000 | $201 | 51 | 96.5% | 13 |
| 2023 | $414,900 | $184 | 99 | 89.6% | 112 |
| 2022 | $433,822 | $186 | 5 | 100.0% | 116 |
| 2021 | $364,460 | $148 | 0 | 100.5% | 47 |
Over the recorded series, Forest Bay Estates’s median sold price moved from $364,460 (2021) to $483,750 (12 months ending 2026-07-13) — +33% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2021 at $364,460. Against the 2024 peak of $540,000, the current median stands at -10%. Annual sales volume here has ranged from 0 to 116 closings a year (10-yr average 44.4).
Of the 31 recorded Forest Bay Estates closings since 2024, half landed between $457,000 and $543,150 (the middle two quartiles); the lowest recorded sale was $408,000 and the highest $699,000. If your home sits outside the middle band, the reason usually shows up in the size table below before it shows up in condition.
| Sold price band | Share of closings | Sales |
|---|---|---|
| Under $425,000 | 4 (13%) | |
| $425,000 – $483,333 | 10 (32%) | |
| $483,333 – $541,667 | 9 (29%) | |
| $541,667 – $600,000 | 5 (16%) | |
| None and up | 3 (10%) |
The same recorded closings, split into thirds by living area. Find the row your home falls in: the $/sqft figure times your square footage is the recorded-sales bracket for homes like yours here — a starting range from real closings, not a valuation of your specific property. Smaller homes here have been selling at a higher price per square foot than larger ones ($225 vs $200) — the usual pattern, since lot, kitchen and baths do not scale with floor area.
| Size group | Median $/sqft | Median sold | Sold range | Sales |
|---|---|---|---|---|
| Smaller homes 1,774–2,296 sq ft | $225 | $474,250 | $408,000 – $525,000 | 10 |
| Mid-size homes 2,296–2,304 sq ft | $206 | $473,750 | $444,000 – $635,000 | 10 |
| Larger homes 2,304–3,127 sq ft | $200 | $545,800 | $460,000 – $699,000 | 11 |
From the live MLS feed as of 2026-09-03: 8 active listings (plus 2 pending) asking from $409,900 to $759,900, median $482,950; 3 of 8 have been on the market over 60 days (median 50 days so far); the homes listed or recently sold were built between 2020 and 2022 (median 2022); 20 of 20 listed or recently sold homes report an HOA, median $67/mo; none of the 18 geocoded listed or recently sold homes sits in a FEMA special flood hazard zone (median elevation 34 ft). For a seller this is the competition a buyer will tour alongside your home; for a buyer, the stale share is where negotiating room usually is. See the current Forest Bay Estates listings →
At Forest Bay Estates’s $483,750 median and Santa Rosa County’s adopted 12.81 mills (FY2025-26), a home assessed at that price carries roughly $6,190 a year in property tax before exemptions, or about $5,690 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Santa Rosa County tax page.
Current asking prices run a median $497,000 against the $483,750 recorded sold median (+3%) — the gap between what sellers hope and what the record shows. The market is carrying about 5.5 months of supply at the current sales pace. Since 2021, 25 Forest Bay Estates listings were withdrawn, canceled, or expired without selling (5 so far in 2026) — overpricing is the recurring cause statewide. Over the recorded years, an average of 19% of Forest Bay Estates listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 36%. Momentum’s market-heat index for Forest Bay Estates reads 33/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).
Asking and recorded sold prices are within a few percent of each other here, so the table above is close to what a Forest Bay Estates buyer will actually pay; the spread on any single home comes down to size, condition and timing.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
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Communities buyers shopping Forest Bay Estates are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| Cambridge Park | $390,000 | $200 | 22 | 7 |
| Palmetto Ridge | $340,000 | $205 | 6 | 5 |
| East Bay Heights | $176,000 | $157 | 23 | 12 |
| Waterford Sound | $369,000 | $202 | 74 | 7 |
More Forest Bay Estates: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing
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