Momentum Housing Data · Home Values · Santa Rosa County
Buying here? See Palmetto Ridge homes for sale and the Palmetto Ridge community guide (Gulf Breeze).
Palmetto Ridge (Gulf Breeze, FL): 5 recorded closings in the 12 months ending 2026-07-13, an 11-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 97.5% of original asking; the median sale took 6 days (window ending 2026-07-13).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $340,000 | $205 | 6 | 97.5% | 5 |
| 2025 | $328,000 | $227 | 27 | 97.9% | 3 |
| 2024 | $378,000 | $201 | 24 | 95.6% | 5 |
| 2023 | $325,000 | $216 | 24 | 94.8% | 3 |
| 2022 | $353,000 | $186 | 4 | 99.0% | 5 |
| 2021 | $265,000 | $147 | 7 | 100.2% | 6 |
| 2019 | $203,000 | $111 | 61 | 97.8% | 4 |
| 2017 | $183,200 | — | 63 | 98.8% | 6 |
| 2016 | $160,000 | — | 12 | 100.0% | 5 |
| 2015 | $179,900 | — | 147 | 95.2% | 7 |
| 2014 | $159,000 | — | 80 | 88.0% | 4 |
Over the recorded series, Palmetto Ridge’s median sold price moved from $159,000 (2014) to $340,000 (12 months ending 2026-07-13) — +114% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2014 at $159,000. The 2020–22 run-up did what it did everywhere — Palmetto Ridge’s median moved +74% from 2019 to 2022. Against the 2024 peak of $378,000, the current median stands at -10%. Annual sales volume here has ranged from 0 to 7 closings a year (10-yr average 4). With roughly 4 closings a year, Palmetto Ridge’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.
Of the 12 recorded Palmetto Ridge closings since 2024, half landed between $317,250 and $381,000 (the middle two quartiles); the lowest recorded sale was $310,000 and the highest $412,000. 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 $325,000 | 4 (33%) | |
| $325,000 – $350,000 | 3 (25%) | |
| $350,000 – $375,000 | 0 (0%) | |
| $375,000 – $400,000 | 4 (33%) | |
| None and up | 1 (8%) |
From the live MLS feed as of 2026-09-03: The homes listed or recently sold were built between 1990 and 2022 (median 2001); 8 of 8 listed or recently sold homes report an HOA, median $47/mo; none of the 8 geocoded listed or recently sold homes sits in a FEMA special flood hazard zone (median elevation 34 ft); the features listings here most often name are Pool, Community Room, Fitness Center, Picnic Area, Tennis Court(s) and Pavilion/Gazebo. See the current Palmetto Ridge listings →
At Palmetto Ridge’s $340,000 median and Santa Rosa County’s adopted 12.81 mills (FY2025-26), a home assessed at that price carries roughly $4,350 a year in property tax before exemptions, or about $3,850 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 $391,950 against the $340,000 recorded sold median (+15%) — the gap between what sellers hope and what the record shows. The market is carrying about 4.8 months of supply at the current sales pace. Since 2004, 36 Palmetto Ridge listings were withdrawn, canceled, or expired without selling — overpricing is the recurring cause statewide. Over the recorded years, an average of 31% of Palmetto Ridge listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 0%. Momentum’s market-heat index for Palmetto Ridge reads 62/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).
With asking prices running +15% over the recorded sold median, a Palmetto Ridge listing priced against the closed record above stands out against its competition; one priced against the asking crowd joins the statewide list of homes that never sold.
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 Palmetto Ridge 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 |
|---|---|---|---|---|
| Forest Bay Estates | $483,750 | $212 | 85 | 14 |
| Cambridge Park | $390,000 | $200 | 22 | 7 |
| Hidden Creek At Holley By The Se | $705,000 | $212 | 72 | 7 |
| Lighthouse Pointe | $443,500 | $236 | 24 | 7 |
More Palmetto Ridge: 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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