Emerald Bay
Homes for Sale in Miramar Beach, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of November 2026, Emerald Bay in Miramar Beach, FL has 1 home for sale. Over the 12 months ending 2026-11-09, 5 recorded sales closed at a median of $755,000, a median 91 days on market, sellers accepting 94% of original asking. At the median price and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $7,370 ($6,980 with the full homestead exemption).
| Location | Miramar Beach, Walton County, FL · ZIP 32550 |
|---|---|
| Homes in the community | 163 (FL DOR 2025 assessment roll) |
| Years built | 1992–2023 (median 2001) |
| Typical living area | 2,885 sq ft (median) |
| Amenities listed by sellers | BBQ Pit/Grill, Gated, Golf, Pets Allowed, Picnic Area, Pool |
| Sale prices, last 12 months | $755,000 median across 5 closed sales |
| Days on market (closed sales) | 91 median |
| For sale right now | 1 active, 0 pending · median asking $898,750 · 2.4 months of supply |
| Owner-occupied (homestead) share | 72% |
Data as of November 9, 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; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Emerald Bay key facts,” movewithmomentum.com/neighborhoods/emerald-bay--walton, data as of November 9, 2026.
Price in Emerald Bay is driven by the homes themselves, not by shared amenities — none turned up in current MLS listings. With a median build year of 2001 and construction spanning 1992 to 2023, you are looking at a range of ages and conditions under one median of $777,500. What a specific home has been updated to do, and its square footage relative to the 2,883-square-foot median, will move the number more than any community feature.
The market posture here is slow and selective. A median 83.5 days on market and a heat score of 28 point to buyers who take their time, and only three active listings means inventory is thin. Values are down 3.7% year over year, though the longer arc since 2012 is up 102%. For sellers, that combination argues for sharp pricing and patience; for buyers, the pace leaves room to negotiate rather than chase.
Figures in this note are as of July 25, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Emerald Bay right now
🔴 Seller-leaning market. 2.4 months of supply and 0% of the inventory already under contract give sellers the pressure advantage.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 November 9, 2026. Confidence: Medium (1 active and pending listings, 5 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated November 9, 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
Emerald Bay market snapshot (as of November 9, 2026): the median sale price is about $755K, a median 91 days on market for closed sales, and 2.4 months of supply, a seller-leaning market.
Emerald Bay is a community of 163 homes in Miramar Beach, Walton County, built between 1992 and 2023 (median 2001), with a median living area of about 2,885 square feet. 72% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Emerald Bay is a small, established Miramar Beach community of 165 homes in Walton County, where a high homestead share of roughly 71% points to owner-occupancy rather than a rental-heavy street.
Who Emerald Bay is best for.
Best for
- Long-term owner-occupants comfortable around the $777,500 median who plan to stay
- Buyers who value a slow, low-inventory market that rewards patience over speed
- Those wanting an established build vintage and willing to weigh each home on its updates
Probably not for
- Buyers who need shared amenities, since none were identified in current listings
- Short-horizon buyers uneasy with a 3.7% year-over-year decline
- Anyone needing to close quickly against a median 83.5 days on market and just three active listings
Housing distress & ownership in Emerald Bay, Miramar 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.
Homes For Sale Right Now in Emerald Bay
Live MLS inventory for Emerald Bay. 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 and pending Emerald Bay listings as of 2026-07-25, 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 Emerald Bay Walton Right Now (1)
All 1 active and pending Emerald Bay Walton listings with a detail page, newest first, refreshed twice a day from the MLS.
- 792 N Indigo Loop · $898,750 · 3 bd / 2 ba · listed Aug 11, 2026 · listed by Keller Williams Realty Destin
Schools
- Walton County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Van R Butler · Elementary
- Emerald Coast · Middle
- South Walton · High
Zoned schools reflect the assignments reported on recent Emerald Bay listings and can change; always confirm with Walton County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Emerald Bay address.
The Emerald Bay buying strategy.
If we were buying in Emerald Bay 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.
Come strong and clean. Homes here move, so lead with your best terms and financing ready rather than a low anchor.
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 Emerald Bay.
A condition-driven market with thin supply
The homestead share near 71% tells you most of these are primary residences held long-term, which helps explain why only three homes are active at any given time. Turnover is limited, and the ten closings in the tracked window came slowly — the median home sat 83.5 days before selling. That is not a market where you find and close in a weekend.
Because no community amenities surfaced in the listings, the median of $777,500 reflects the houses: their age within the 1992-to-2023 span, their updates, and their size around the 2,883-square-foot median. The 3.7% year-over-year dip suggests softening at the margin even as the since-2012 figure sits at 102%. Buyers should underwrite the specific home rather than assume a rising tide; sellers should expect scrutiny on condition.
The location and the amenities are priced into every listing in Emerald Bay. 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 Emerald Bay 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 (6.9). Basis: Liquidity & Demand 2.4 months of supply; Owner Commitment 72% owner-occupied; Pricing Power 94.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
With only three active listings and a slow 83.5-day median, timing and read on condition are everything in Emerald Bay. We track what actually closes here and what it closed for, so you are pricing or offering against real evidence — not guesswork — in a market where a single listing can shift the picture.
Emerald Bay in 15 seconds.
Tools for a Emerald Bay 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 Emerald Bay sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Emerald Bay, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Emerald Bay home worth?
Get a no-obligation home value based on real comparable sales in Emerald Bay, 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 Miramar Beach →
Recently off market in Emerald Bay
Homes in Emerald Bay 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. 5 on record.
- 138 Azure Place · off market
- 244 Indigo Loop · off market
- 354 Cobalt Lane · off market
- 358 Indigo Loop · off market
- 740 Indigo Loop · off market
Recent Developments in Emerald Bay Walton
Development, infrastructure, retail, and school activity affecting Emerald Bay Walton, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Retail & Dining
TJ Maxx to open 33,865-square-foot Destin store Nov. 1 at Paradise Key
The off-price retailer opens at 4437 Commons Drive East with a grand opening from 8 a.m. to 8 p.m. on Nov. 1. Regular hours run 9:30 a.m. to 9:30 p.m. daily, and the store sells apparel, accessories, jewelry, and home and beauty goods.
What it may mean for the marketA new national off-price anchor adds everyday shopping close to Destin's commercial corridor and may shorten trips for retail needs. The site is about 4 miles west of Emerald Bay Walton.
Source: Get The Coast - October 2026Development
DeFuniak Springs tactical training firm plans campus expansion after multimillion-dollar contracts
Stronghold Test & Training Center, on a 50-acre campus at 150 Warfighter Way, plans a new complex with secure vaults, classrooms, offices and a 3D-printing prototyping bay. The company cites a $21 million Navy contract through 2030 and other federal awards; no cost, timeline or job count was given.
What it may mean for the marketDefense-linked contracting growth near Eglin and Hurlburt supports employer activity and specialized jobs in the DeFuniak Springs area. The project is about 27 miles northeast of Emerald Bay Walton, elsewhere in Walton County.
Source: Get The Coast - August 2026Infrastructure
Walton commissioners approve up to $4.69 million Westbay Parkway design contract
At its August 17, 2026 meeting, the Walton County Board of County Commissioners approved, on the consent agenda, a contract with Mott MacDonald for Westbay Parkway design not to exceed $4,693,502.38. The same agenda included a $184,117 Dewberry task order for the Santa Clara Regional Beach Access Bramble Grove addition.
What it may mean for the marketDesign work on Westbay Parkway is an early step toward added road capacity in western Walton County. The project is about 15 miles northeast of Emerald Bay Walton, elsewhere in Walton County.
Source: Walton County Government - July 2026Infrastructure
Scenic Walton advances underground utilities and gateway landscape projects
Scenic Walton reported progress on countywide initiatives, including a $200,000 Freeport U.S. 331 gateway landscape project supported by a $100,000 FDOT Highway Beautification Grant, plus a 30A West gateway landscape project and early planning for countywide underground utilities. Funding for the utilities study advanced into Walton County's draft budget for fiscal year 2026 to 2027.
What it may mean for the marketAdvances roadway beautification and stormwater improvements along the Freeport U.S. 331 corridor and the 30A west gateway and lays groundwork for utility resilience upgrades across Walton County. The site is about 15 miles northeast of Emerald Bay Walton.
Source: Get The Coast - June 2026Civic
DeSantis signs state budget with funding for Okaloosa County projects
Governor DeSantis signed the state budget that included roughly $15 million for 20 Okaloosa County projects, among them $5 million for the Northwest Florida State College Workforce Innovation Center in Niceville, $1.5 million for Shalimar Bridge Park, and $3 million for Destin road and drainage work. About $7.26 million in other local requests were vetoed.
What it may mean for the marketDirects state funding toward workforce, park, road, and drainage infrastructure across Okaloosa County, supporting public facilities and capacity in Niceville, Shalimar, and Destin. The site is about 12 miles northwest of Emerald Bay Walton.
Source: Get The Coast
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
What is the median home price in Emerald Bay?
How long do homes in Emerald Bay take to sell?
Is Emerald Bay a buyer's or seller's market right now?
How many homes are in Emerald Bay?
What share of Emerald Bay is owner-occupied?
When were the homes in Emerald Bay built?
Who is the best real estate agent for Emerald Bay?
How do I find a top Miramar Beach real estate agent who knows Emerald Bay?
Can Momentum Realty connect me with an agent for Emerald Bay?
Should you buy in Emerald Bay?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Emerald Bay with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Emerald Coast MLS, refreshed twice daily (last: July 25, 2026) |
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending November 9, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (4 streets, ZIP 32550)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-11-09 |
| Historical depth | Closed-sale records back to 2026 (5 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.
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