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Forest Bay Estates in Gulf Breeze

Forest Bay Estates
Homes for Sale in Gulf Breeze, FL

Community in Gulf Breeze · Santa Rosa County
121 homesBuilt 2020–2023Median sale $484K
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Live Market Pulse
33/100
Market Heat
Cooler than normal
2021 → 2026 · 78 at the 2021 peak
0 is Forest Bay Estates's coldest market since 2021, 100 its hottest. Today: 33. How it's scored
Built fromLive Pensacola MLS data6 years of closingsFL DOR public recordsUpdated twice daily
Live · Forest Bay Estates Housing Pulse Pensacola MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Price
$484K
Median sold · 12 mo
up 2.9% vs the prior 12 months
+2.9%
1-yr price change
n = 14 and 9 sales in the two windows
$212/sf
Sold $/sqft · 12 mo
peak $212 in 2026
95.8%
Sale vs ask
Tempo
5.5mo
Supply
3 to 6 months is the balanced band
86days
Median DOM · closed
0 days at the 2021 low
14%
Under contract
Santa Rosa: 38% (348 of 929)
6 · 1
For sale · pending
live counts, refreshed twice daily
14
Sold · last 12 mo
10-yr average: about 44 a year
Ownership and context
78%
Owner-occupied · Forest Bay Estates
94 of 121 parcels homesteaded (FL DOR 2025)
22%
Non-owner-occupied · Forest Bay Estates
incl. 2% trust or LLC-held · 7% out-of-state
121
Homes in the community
121 residential parcels (FL DOR 2025)
Track record · 6 years of records
Est. 2020
Community established
homes built 2020-2023, median 2021 (FL DOR 2025)
5
Failed listings · 2026
peaked at 8 in 2025
2,300sqft
Median sold home size
12-mo windows, closed sales
11.6%/yr
Turnover rate
about 14 of 121 homes trade a year
Forest Bay Estates Housing Pulse · Momentum Research · as of July 13, 2026

Forest Bay Estates right now

🟡 Balanced market. 5.5 months of supply and 14% of the inventory already under contract put buyers and sellers on roughly even footing.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 Pensacola MLS records, as of July 13, 2026. Confidence: High (7 active and pending listings, 14 closed sales in 12 months).

🟡 Still climbing. The trailing-12-month median ($484K) is up 2.9% from the prior 12 months ($470K).Momentum Research, record-level Pensacola MLS closed sales, 12-month windows ending July 13. Confidence: Medium (14 and 9 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

Updated July 13, 2026 · Live data: Pensacola MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness

The 60-Second Overview

Forest Bay Estates market snapshot (as of July 13, 2026): the median sale price is about $484K ($212 per sq ft over the trailing 12 months of closed sales), a median 86 days on market for closed sales, and 5.5 months of supply, a balanced market. The trailing-12-month median is up 3% from the prior 12 months, computed from record-level Pensacola MLS closed sales (14 closings in the current window).

Forest Bay Estates is a community of 121 homes in Gulf Breeze, Santa Rosa County, built between 2020 and 2023 (median 2021), with a median living area of about 2,710 square feet. 78% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

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