Momentum Housing Data · Home Values · Santa Rosa County
The Waters (Gulf Breeze, FL): 8 recorded closings in the 12 months ending 2026-07-13, a 9-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 96.2% of original asking; the median sale took 32 days (window ending 2026-07-13).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $681,500 | $257 | 32 | 96.2% | 8 |
| 2025 | $640,000 | $258 | 71 | 93.1% | 5 |
| 2024 | $735,000 | $272 | 17 | 97.1% | 6 |
| 2023 | $640,000 | $248 | 39 | 97.0% | 8 |
| 2022 | $632,000 | $234 | 13 | 100.0% | 13 |
| 2021 | $462,500 | $184 | 4 | 100.0% | 10 |
| 2020 | $394,985 | $150 | 0 | 100.0% | 39 |
| 2019 | $385,240 | $152 | 0 | 100.0% | 37 |
| 2018 | $375,070 | $149 | 13 | 100.8% | 31 |
Over the recorded series, The Waters’s median sold price moved from $375,070 (2018) to $681,500 (12 months ending 2026-07-13) — +82% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2018 at $375,070. The 2020–22 run-up did what it did everywhere — The Waters’s median moved +64% from 2019 to 2022. Against the 2024 peak of $735,000, the current median stands at -7%. Annual sales volume here has ranged from 0 to 39 closings a year (10-yr average 15.7).
Of the 15 recorded The Waters closings since 2024, half landed between $640,000 and $742,500 (the middle two quartiles); the lowest recorded sale was $542,500 and the highest $799,000. 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 $600,000 | 2 (13%) | |
| $600,000 – $650,000 | 3 (20%) | |
| $650,000 – $700,000 | 4 (27%) | |
| $700,000 – $750,000 | 4 (27%) | |
| None and up | 2 (13%) |
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 ($258 vs $239) — 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 2,204–2,399 sq ft | $258 | $620,000 | $542,500 – $668,000 | 5 |
| Mid-size homes 2,424–2,726 sq ft | $270 | $735,000 | $640,000 – $745,000 | 5 |
| Larger homes 2,838–3,524 sq ft | $239 | $745,000 | $665,000 – $799,000 | 5 |
From the live MLS feed as of 2026-09-03: The homes listed or recently sold were built between 2017 and 2019 (median 2018); 12 of 12 listed or recently sold homes report an HOA, median $42/mo; none of the 12 geocoded listed or recently sold homes sits in a FEMA special flood hazard zone (median elevation 21 ft). See the current The Waters listings →
At The Waters’s $681,500 median and Santa Rosa County’s adopted 12.81 mills (FY2025-26), a home assessed at that price carries roughly $8,730 a year in property tax before exemptions, or about $8,220 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 $725,000 against the $681,500 recorded sold median (+6%) — the gap between what sellers hope and what the record shows. The market is carrying about 3 months of supply at the current sales pace. Since 2018, 14 The Waters listings were withdrawn, canceled, or expired without selling (2 so far in 2026) — overpricing is the recurring cause statewide. Over the recorded years, an average of 11% of The Waters listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 29%. Momentum’s market-heat index for The Waters reads 31/100 (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 The Waters 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.
By submitting, you agree Momentum Realty may contact you by phone, text, or email about your inquiry. Consent is not a condition of any purchase. Message/data rates may apply. Reply STOP to opt out. See our disclosures.
Communities buyers shopping The Waters 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 |
|---|---|---|---|---|
| Soundside | $790,000 | $384 | 78 | 5 |
| Nantahala | $927,500 | $326 | 85 | 6 |
| Hickory Shores | $470,000 | $239 | 48 | 9 |
| Santa Rosa Shores East | $389,500 | $234 | 40 | 12 |
More The Waters: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing
Copyright© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. 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.