Momentum Housing Data · Home Values · Pinellas County
Gulf Shores 1St Add (Madeira Beach, FL): 9 recorded closings in the 12 months ending 2026-07-15, a 10-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 92.6% of original asking; the median sale took 64 days (window ending 2026-07-15).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $305,000 | $304 | 64 | 92.6% | 9 |
| 2025 | $360,000 | $332 | 15 | 88.9% | 17 |
| 2024 | $643,750 | $477 | 104 | 86.3% | 8 |
| 2023 | $1,312,500 | $565 | 53 | 77.4% | 3 |
| 2022 | $570,000 | $482 | 5 | 100.0% | 22 |
| 2019 | $632,010 | $294 | 121 | 88.4% | 3 |
| 2018 | $375,000 | $269 | 93 | 88.0% | 5 |
| 2017 | $374,500 | $301 | 80 | 94.3% | 4 |
| 2016 | $280,000 | $274 | 50 | 98.2% | 6 |
| 2015 | $216,250 | $210 | 123 | 88.3% | 6 |
Over the recorded series, Gulf Shores 1St Add’s median sold price moved from $216,250 (2015) to $305,000 (12 months ending 2026-07-15) — +41% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2015 at $216,250. The 2020–22 run-up did what it did everywhere — Gulf Shores 1St Add’s median moved -10% from 2019 to 2022. Against the 2023 peak of $1,312,500, the current median stands at -77%. Annual sales volume here has ranged from 0 to 22 closings a year (10-yr average 7.1). With roughly 7.1 closings a year, Gulf Shores 1St Add’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.
What actually trades here: 97% single-family residence, 2% half duplex, 1% ?, with a median of 1,276 sq ft and a median price per square foot of $304 in the current window.
Of the 32 recorded Gulf Shores 1St Add closings since 2024, half landed between $282,975 and $637,500 (the middle two quartiles); the lowest recorded sale was $183,000 and the highest $1,050,000. 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 $275,000 | 5 (16%) | |
| $275,000 – $433,333 | 14 (44%) | |
| $433,333 – $591,667 | 4 (12%) | |
| $591,667 – $750,000 | 5 (16%) | |
| None and up | 4 (12%) |
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. Larger homes here have been selling at a higher price per square foot than smaller ones ($397 vs $332) — less common, and usually a sign of newer or upgraded product at the top of the range.
| Size group | Median $/sqft | Median sold | Sold range | Sales |
|---|---|---|---|---|
| Smaller homes 670–1,030 sq ft | $332 | $275,950 | $250,000 – $400,000 | 10 |
| Mid-size homes 1,081–1,396 sq ft | $396 | $464,000 | $183,000 – $882,000 | 10 |
| Larger homes 1,435–2,380 sq ft | $397 | $679,500 | $270,000 – $1,050,000 | 12 |
At Gulf Shores 1St Add’s $305,000 median and Pinellas County’s adopted 19.39 mills (FY2025-26), a home assessed at that price carries roughly $5,910 a year in property tax before exemptions, or about $5,100 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 Pinellas County tax page.
Since 2006, 190 Gulf Shores 1St Add listings were withdrawn, canceled, or expired without selling (16 so far in 2026) — overpricing is the recurring cause statewide. Over the recorded years, an average of 70% of Gulf Shores 1St Add listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 73%. Momentum’s market-heat index for Gulf Shores 1St Add reads 50/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).
Cash bought 75% of recorded Gulf Shores 1St Add sales in the window ending 2026-06 (6 of 8) — a fact worth knowing before assuming every buyer needs an appraisal to close. The table above is the closed-sale record to price a Gulf Shores 1St Add home against; asking prices are an opening position, recorded closings are the value.
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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More Gulf Shores 1St Add: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing
Based on Stellar MLS data distributed by MLS GRID for the period %s through %s. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.