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Forest Bay Estates in Gulf Breeze

Forest Bay Estates

New construction · Gulf Breeze · ZIP 32563

New homes and townhomes in Gulf Breeze, in a top-rated school area near the Gulf.

New constructionCommunity poolGulf Breeze schools
Live Market Pulse
54/100
Momentum
Buyer-Leaning Market
Forest Bay Estates is an actively building D.R. Horton community, so phase, floor plan, lot, and builder incentives set where a home lands; confirm current pricing and inclusions with the builder.
Free · No obligation
Unlock Off-Market Forest Bay Estates

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Pensacola MLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulsePensacola MLS
$478K
Median Price
6mo
Supply
42days
Avg DOM
Soft
Seller Leverage
$209/sf
Median $/Sqft
-6%
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Forest Bay Estates puts D.R. Horton product, both single-family homes and townhomes, in the desirable Gulf Breeze school zone with a community pool, a few miles off Highway 98 and a short run to Navarre Beach. The read is standard new-build discipline, phase, lot, and incentives, with the townhome option adding a lower-maintenance, more attainable path into Gulf Breeze. Lot and unit selection are the levers."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Forest Bay Estates market snapshot (as of June 11, 2026): the median sale price is about $478K ($209 per sq ft), with homes averaging 42 days on market and 6.0 months of supply, a buyer-leaning market. Based on 12 recent closings in live Pensacola MLS data.

Forest Bay Estates is a D.R. Horton community in Gulf Breeze, Santa Rosa County (ZIP 32563), a few miles off Highway 98. It offers both single-family homes and townhomes, with a community pool among the amenities.

As builder product, plans, finishes, and pricing are set by D.R. Horton and move with phase and inventory. The townhome option is notable: it provides a lower-maintenance, generally more attainable way into the Gulf Breeze area than a detached home.

Location is the value: the community is within reach of top-rated Gulf Breeze schools, shopping and dining, and is roughly five miles from boat ramps and less than 20 minutes from Navarre Beach by third-party estimates.

Because Gulf Breeze sits at the premium end of Santa Rosa County, the buying discipline still matters: pick the right lot or unit and capture the current incentives rather than the headline base price.

Quick Match

Who Forest Bay Estates is best for.

Best for

  • Buyers who want new construction in the Gulf Breeze school area
  • Buyers who want a lower-maintenance townhome near the coast
  • Buyers who want a community pool and a top-rated school zone
  • Buyers who want a builder warranty in a desirable Santa Rosa location

Probably not for

  • Buyers who want an established, mature neighborhood
  • Buyers who want a large custom or estate home
  • Buyers seeking the lowest price point in the county
  • Buyers who want a waterfront lot of their own
Market Pulse

How Forest Bay Estates is performing right now

54/100
momentum
Buyer-Leaning Market
Seller's marketBalancedBuyer's market
6Months of supplytight
43Median days on marketdays
2 : 6Under contract vs for salestrong demand
12Sold in last 12 monthsliquidity
+127%Median price since 2012appreciation
+3%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from Pensacola MLS, as of June 11, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Forest Bay Estates listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Forest Bay Estates buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Forest Bay Estates

Live MLS inventory for Forest Bay Estates. 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.

6315 Jenks Dr home for sale in Forest Bay EstatesActive · 40 daysTop listing
$715,000
5 bd · 3 ba · 3,060 sqft · built 2022
6315 Jenks Dr, Gulf Breeze, 32563
Pool
Listed by Mike Price Signature Homes
6242 Jenks Dr home for sale in Forest Bay EstatesActive · 53 days
$650,000
5 bd · 3 ba · 3,113 sqft · built 2022
6242 Jenks Dr, Gulf Breeze, 32563
RenovatedBest value
Listed by KELLER WILLIAMS REALTY ALABAMA GULF COAST
6598 Forest Bay Ave home for sale in Forest Bay EstatesActive · 33 days
$499,999
4 bd · 3 ba · 2,296 sqft · built 2022
6598 Forest Bay Ave, Gulf Breeze, 32563
Listed by Coconut Palm Real Estate LLC
6169 Jenks Dr home for sale in Forest Bay EstatesActive · 76 days
$499,000
4 bd · 3.5 ba · 2,762 sqft · built 2021
6169 Jenks Dr, Gulf Breeze, 32563
Reno opportunityBest value
Listed by Watersound Real Estate
6358 Forest Bay Ave home for sale in Forest Bay EstatesActive · 47 days
$495,000
4 bd · 3 ba · 2,296 sqft · built 2022
6358 Forest Bay Ave, Gulf Breeze, 32563
Renovated
Listed by EXP Realty, LLC
6586 Forest Bay Ave home for sale in Forest Bay EstatesActive · 3 days
$490,000
4 bd · 3 ba · 2,296 sqft · built 2022
6586 Forest Bay Ave, Gulf Breeze, 32563
Reno opportunityBest valuePool
Listed by HomeSmart Sunshine Realty
2319 Cloudberry Dr home for sale in Forest Bay EstatesPending · 190 days
$645,900
4 bd · 3 ba · 2,296 sqft · built 2021
2319 Cloudberry Dr, Gulf Breeze, 32563
Pool
Listed by 1st Class Real Estate Panhandle
6621 Forest Bay Ave home for sale in Forest Bay EstatesPending · 40 days
$499,999
4 bd · 3 ba · 2,296 sqft · built 2022
6621 Forest Bay Ave, Gulf Breeze, 32563
Listed by Southern Ventures

Active and pending Forest Bay Estates listings as of 2026-06-11, priced high to low. 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.. Tap any home to ask about it.

Interactive Map

Forest Bay Estates on the map.

Every active, pending, and recently sold home, plotted. Toggle the layers, color the dots by status or lot type, and tap a home for the details.

Listing locations from Pensacola MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

Nearby & Commute

How far is everything?

The takeaway

Forest Bay Estates pairs Gulf Breeze schools and a pool with quick access to Navarre Beach and the water.

Drive times from Forest Bay Estates. The Gulf Breeze location keeps the beaches, boat ramps, and Pensacola within reach.

Highway 98 retail~5 to 10 min · shopping and dining
Boat ramps~10 min · about 5 miles
Navarre Beach~15 to 20 min · Gulf access
Pensacola Beach~25 to 30 min · via Gulf Breeze
Downtown Pensacola~30 min · via the bay bridge
Pensacola Int'l Airport (PNS)~35 min · mainland

Drive times are approximate and vary with traffic, especially over the bridges, and your exact departure point. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Forest Bay Estates with Momentum Realty’s local guides.

Kassandra EstatesKassandra EstatesGulf Breeze, FL · 0.7 miCotton Bay EstatesCotton Bay EstatesNavarre, FL · 0.9 miSandy Beach EstatesSandy Beach EstatesNavarre, FL · 1.2 miClipper BayClipper BayNavarre, FL · 1.4 miEast Bay River EstatesEast Bay River EstatesNavarre, FL · 1.4 miLagniappe BeachLagniappe BeachGulf Breeze, FL · 1.4 miParadiseBayParadiseBayGulf Breeze, FL · 1.8 miPromiseCreekPromiseCreekNavarre, FL · 1.8 miBay PinesBay PinesGulf Breeze, FL · 2.3 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Forest Bay Estates (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Santa Rosa County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Forest Bay Estates is served by Santa Rosa County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Forest Bay Estates address.

The takeaway

What shapes value around Forest Bay Estates: the strength of the Gulf Breeze school zone, Santa Rosa County's sustained growth and school-capacity expansion, and the coastal proximity that draws buyers. Each item is sourced and linked.

Recent Developments in Forest Bay Estates

Development Intelligence

Our read on what is being built around Forest Bay Estates, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishGulf Breeze schools and coastal access support demand. The watch items are premium pricing at this end of the county and the pace of competing new-construction supply.

Top-rated Gulf Breeze school zone

Ongoing
BullishMajor impact
SignificanceRadius: Area

A top-rated school zone keeps Gulf Breeze at the top of the county's demand map.

A-rated district expanding capacity

2026
BullishMajor impact
SignificanceRadius: County

An A-rated district adding capacity, including a new high school, is a durable draw.

Townhome option widens the buyer pool

Ongoing
BullishNotable impact
SignificanceRadius: On-site

A lower-maintenance, attainable townhome product broadens demand within a premium area.

Coastal access near Navarre Beach

Ongoing
BullishNotable impact
SignificanceRadius: Area

Proximity to the beaches and boat ramps adds lifestyle value.

Premium pricing in the county

Ongoing
NeutralNotable impact
SignificanceRadius: Area

Gulf Breeze prices above Milton and Pace, so value discipline on lot and incentives matters more.

New-construction supply countywide

Ongoing
BearishNotable impact
SignificanceRadius: County

Heavy building elsewhere adds competing options, a factor for near-term resale timing.

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Forest Bay Estates, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. January 2026
    Schools

    Santa Rosa adds school capacity as population surges

    With the A-rated district straining on capacity, Santa Rosa County moved to add schools, including Soundside High School opening in fall 2026 with room for 1,800 students. Why it matters: An A-rated district adding capacity reinforces the school draw that anchors Gulf Breeze demand. Source

  2. March 2025
    Growth

    Santa Rosa County posts strong population growth

    Census-based reporting showed Santa Rosa County among Gulf Coast counties gaining population in 2025, part of a multi-year surge driving heavy new-home development. Why it matters: Sustained growth supports demand across the county, with Gulf Breeze at the premium end. Source

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.

The Strategy

The Forest Bay Estates buying strategy.

If we were buying in Forest Bay Estates, this is the order of operations we would run, and the one we run for our clients.

1

Compare lot or unit and phase, not just floor plan. In a Gulf Breeze build, the lot or end-unit position drives resale as much as the model.

2

Get the builder incentives in writing. Rate buydowns and closing-cost help change quarter to quarter; confirm what is on the table now.

3

Confirm the HOA dues and inclusions, including the pool, and whether a CDD applies to the parcel.

4

On a townhome, check the structure split, what the HOA covers versus the owner, and any shared-wall details.

5

Cross-shop a detached option, and weigh Deer Ridge Crossing for another Gulf Breeze new build.

The Quick Decision
Best Buy
A well-positioned lot or end-unit with current incentives
Biggest Risk
Overlooking HOA coverage and structure on a townhome
Best Lot
Larger lots and end-units over standard interior positions
Smart Timing
Confirm this quarter's builder incentives and phase pricing
Deep-Dive Intelligence

The full read, only if you want it.

The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Forest Bay Estates is a D.R. Horton community in Gulf Breeze offering both single-family homes and townhomes, with a community pool, a few miles off Highway 98. The townhome option provides a lower-maintenance, generally more attainable way into the Gulf Breeze school zone than a detached home. As builder product, pricing and finishes move with phase and inventory, so the durable value is the lot or unit position and how well you buy. The location is within reach of top-rated schools, shopping, boat ramps, and Navarre Beach. Confirm current dues, HOA coverage (especially on townhomes), any CDD, and builder incentives directly.

Forest Bay Estates Homes For Sale

What your money buys in Forest Bay Estates.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Here are the broad resale bands in Forest Bay Estates today. The right home is the one matched to your budget and the renovation math, so seeing fitting listings early is the edge.

The Townhome
$425K to $475K

Lower-maintenance townhomes, the attainable entry into the Gulf Breeze school zone.

Lowest entry
The Single-Family Home
$475K to $550K

Detached new homes on standard and stronger lots, the heart of the market here.

Most inventory
The Premium Lot
$550K to $699K

Larger or better-positioned lots and end-units, the homes that should hold value best at resale.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

See Off-Market & Private Listings
What Your Money Buys

What ~$478K buys here.

Three realistic price bands. Where a home lands comes down to condition and lot, not square footage alone.

$425K to $475K
The Townhome
Lower-maintenance townhomes, the attainable entry into the Gulf Breeze school zone.
$475K to $550K
The Single-Family Home
Detached new homes on standard and stronger lots, the heart of the market here.
$550K to $699K
The Premium Lot
Larger or better-positioned lots and end-units, the homes that should hold value best at resale.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

Operator Intelligence

Renovation & Resale Intelligence

The factors that actually move value in Forest Bay Estates, condition, lot, and the renovation math, read from current listings and recent sales.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Proprietary Data

The renovation premium.

Renovated-listing inventory in Forest Bay Estates is too thin right now to compute a reliable renovation premium. We read condition home by home against real comps before you offer.

Lot Value

The lot premium.

On a preferred homesite (water, preserve, corner, or a larger lot), the homesite is the part of your money the market gives back at resale. The house can be renovated; the lot cannot, so premium lots hold their value better than interior ones. How much more they command varies by frontage, view, and condition, which is why we read it home by home against real comparable sales rather than a single headline figure.

Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

Resale Strength Scorecard

How well Forest Bay Estates holds value.

Our read on the factors that protect resale here, and the one to manage.

New construction with a poolStrong
Top-rated Gulf Breeze schoolsStrong
Townhome and single-family optionsPositive
Premium pricing in the countyManage it
Competing new-construction supplyManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Forest Bay Estates

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

Forest Bay Estates1

Calling the listing agent

The agent on the sign works for the seller. In a market where condition swings price by hundreds of thousands, negotiating against that agent with no one in your corner is the costliest move of all.

Forest Bay Estates2

Misjudging the renovation math

A dated home looks like a deal until you price the roof, HVAC, pool, and full modernization honestly. Underbudget the reno and the bargain becomes the expensive house.

Forest Bay Estates3

Overpaying for an interior lot

A premium homesite (water, preserve, or a preferred position) carries a real, durable premium. Pay a top price for an interior lot and you are buying the weakest version of the value.

Forest Bay Estates4

Underbudgeting the carrying costs

Two similar homes can cost very differently to own once the HOA, any CDD, insurance, and upkeep are priced in. Buyers who do not run the full monthly carrying cost misread the real number.

Forest Bay Estates5

Skipping the systems check

An older home means older systems unless updated. Roof age, HVAC age, pool equipment, and prior renovations drive both price and insurability, and a thorough inspection matters more here than in a new build.

“

The Gulf Breeze schools and the pool are the draw. The deal is won or lost on the lot or unit, the phase, and the incentives you negotiate.

Jon Brooks · Founder, Momentum Realty
Momentum Intelligence

Momentum Buy Score.

Our proprietary 0 to 10 read across the five factors that decide how a home here buys, holds, and resells.

8.0B+ · Buy Score
Resale Strength8.0/10
Renovation Risk9.0/10
Location Efficiency8.4/10
Long-Term Defensibility7.8/10
Carrying Cost Advantage7.2/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Momentum Housing Intelligence

Why our read on Forest Bay Estates is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Pensacola MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Pensacola MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.
About the analyst · Our methodology

Which Lots & Views Hold Value Best

Proprietary Data · Lot Value Map

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Pensacola MLS; for orientation, not an appraisal.

15-Second Take
  • Lot or unit position drives resale
  • End-units carry an edge over interiors
  • The Gulf Breeze address supports demand
  • Builder incentives change quarter to quarter
  • Buy the position right and the rest follows

In an actively building community with both homes and townhomes, position is what you cannot change later. A larger single-family lot or a townhome end-unit is the durable advantage over a standard interior position next to builder inventory. The Gulf Breeze address helps resale, but read the lot or unit and the phase first, negotiate current incentives, and price against real comps rather than the builder's moving base price.

The 15-Second Verdict

Forest Bay Estates in 15 seconds.

Best forBuyers who want new homes or townhomes in the Gulf Breeze school area with a community pool.
Biggest advantageNew construction with a pool in a top-rated school zone near the coast, with a townhome option.
Biggest riskMisreading HOA coverage on a townhome, or paying a premium for the wrong position.
Sweet spotA well-located lot or end-unit bought with current incentives.
Avoid ifYou want an established neighborhood, a custom estate, or your own waterfront lot.

HOA, CDD & Fees

15-Second Take
  • New-construction HOA with a community pool
  • Townhome and single-family options
  • Confirm HOA coverage and any CDD
  • Lot or unit position drives resale
  • Warranty and timeline matter on a new build

Forest Bay Estates is an HOA community with shared amenities including a pool; confirm the current dues, billing schedule, what the HOA covers (especially for townhomes), and any builder-to-owner transition with the association or builder. Confirm whether a CDD applies per parcel.

Community pool and common-area maintenance; on townhomes, the HOA may cover additional exterior elements. Confirm exact inclusions in the current HOA documents.

Run Your Numbers

Tools for a Forest Bay Estates buy.

Free calculators to pressure-test the real cost before you tour.

Mortgage paymentPrincipal, interest, taxes, and insurance on a specific price.Property taxSanta Rosa County millage and the homestead picture.Rent vs buyThe breakeven on owning in Forest Bay Estates.Save Our HomesProject your homestead tax cap over time.
The takeaway

In Forest Bay Estates your lot or unit, plan, and upgrades decide your number; we price against real comps, not the builder's moving base price.

Selling in Forest Bay Estates

Price it to the lot or unit and the upgrades, not the builder's last base price.

If you are reselling in Forest Bay Estates, the right list price comes from recent comparable sales and your home's specific lot or unit, plan, and upgrades, not the builder's current base pricing on a newer phase. New-construction resale needs a real comp set.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Forest Bay Estates, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Polynesian Islands, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Forest Bay Estates home worth?

Get a no-obligation home value based on real comparable sales in Forest Bay Estates matched to your condition, lot, and view, 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 the full Forest Bay Estates home value & selling guide, recent comps, fees, and 2026 timing →

Real comps, not a Zestimate.

Price History: What Homes Here Have Actually Sold For

Median sale prices in Forest Bay Estates year by year since 2012, from closed MLS sales. A long track record beats a single estimate, showing what this community has really done through rate cycles rather than what a model predicts.

Forest Bay Estates Market Scorecard

Buyer's market

Forest Bay Estates is currently a buyer's market. About 6.0 months of supply, a median asking price of $499,500, and homes go under contract in about 44 days.

6.0
Months supply
$499,500
Median list
$477,500
Median sold
$215
Per sqft
44
Days on mkt
6/2/12
Active/Pend/Sold

Typical home value in the 32563 ZIP is $402,402, about 16.7% below the Florida norm (Zillow Home Value Index).

Zoom out for the wider market: ZIP market scorecard · county scorecard.

Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Forest Bay Estates?
Forest Bay Estates is a D.R. Horton community in Gulf Breeze, Santa Rosa County (ZIP 32563), a few miles off Highway 98.
Who builds homes in Forest Bay Estates?
Forest Bay Estates is built by D.R. Horton. Plans, finishes, and pricing are set by the builder and move with phase and inventory, so confirm current options directly.
Does Forest Bay Estates have townhomes?
Yes. The community offers both single-family homes and townhomes, with the townhome option providing a lower-maintenance, generally more attainable path into Gulf Breeze.
What amenities does Forest Bay Estates have?
Amenities include a community pool, with common areas maintained by the HOA. Confirm the current amenity list and dues.
What do homes cost in Forest Bay Estates?
This is a builder-priced market in a premium part of the county. Confirm current base prices, lot or unit premiums, and incentives directly with the builder.
Are the schools good in Forest Bay Estates?
It is in the top-rated Gulf Breeze schools within the A-rated Santa Rosa County district. School assignment is by address, so confirm the exact zoning for a specific home.
Does Forest Bay Estates have an HOA?
Yes, with shared amenities including a pool. Confirm the current dues, what the HOA covers (especially for townhomes), and whether a CDD applies.
How close is Forest Bay Estates to the beach?
Third-party descriptions place it less than 20 minutes from Navarre Beach and roughly five miles from boat ramps. Confirm your real drive times.
Is there a CDD in Forest Bay Estates?
Confirm whether a Community Development District applies to a specific parcel as part of your due diligence.
What should I check on a townhome here?
What the HOA covers versus the owner, the shared-wall and structure details, any rental rules, and the end-unit versus interior position, which affects both lifestyle and resale.
Is Forest Bay Estates a good investment?
New construction with a pool in a top-rated school area near the coast supports the community. As with any new-construction market, the specific lot or unit, phase, and how you buy drive the outcome; this is not a guarantee of future value.
Should I use the builder's agent to buy in Forest Bay Estates?
The on-site agent represents the builder. Bringing your own representation costs you nothing in most cases and gives you an advocate on price, incentives, lot or unit selection, and the contract.
The Verdict

Should you buy in Forest Bay Estates?

An honest fit check. We will tell you when it is not your community.

Buyers who want new construction in the Gulf Breeze school areaExcellent fit
Buyers who want a lower-maintenance townhome near the coastExcellent fit
Buyers who want a community pool and a top-rated school zoneExcellent fit
Buyers who want a builder warranty in a desirable Santa Rosa locationExcellent fit
Buyers who want an established, mature neighborhoodProbably not
Buyers who want a large custom or estate homeProbably not
Buyers seeking the lowest price point in the countyProbably not
Buyers who want a waterfront lot of their ownProbably not

Get the inside read on Forest Bay Estates

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Forest Bay Estates home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

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Forest Bay Estates median home price history from 2012 to 2026 — chart by Momentum Realty
Median sale price in Forest Bay Estates, Florida by year (2012–2026). Source: Momentum Realty.
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Listing data provided by the Multiple Listing Service of the Pensacola Association of REALTORS®. Information deemed reliable but not guaranteed.

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