Graystone Estates in Cantonment

Graystone Estates

Established 1988 · Intracoastal West · ZIP 32224

A D.R. Horton community in Cantonment with an above-average elementary, still selling.

New & resale homesAbove-average elementaryNo CDD found
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
Tight supply keeps sellers in control, but dated interiors still trade at a discount, so condition is where buyers win.
Free · No obligation
Unlock Off-Market Graystone 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
$848K
Median Price
0mo
Supply
58days
Avg DOM
Soft
Seller Leverage
n/a
Median $/Sqft
-6%
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Graystone Estates is a D.R. Horton single-family community in Cantonment (with some Holiday Builders homes) that mixes ongoing new construction with an established 2019-onward resale base. Its clearest asset is the zoned elementary, Kingsfield, which rates above average for the district, paired with attainable Cantonment pricing and quick access to the Navy Federal and Baptist Health employment anchors. New homes run roughly $384,000 to $509,000, while the broader 32533 ZIP median sits near $331,000 in a softening market. The honest reads are an HOA whose dues were not publicly disclosed (and which can rise after the builder turns it over), an unconfirmed CDD to verify, average middle and high schools, a longer NAS commute, and entry-tier builder quality. Buy it for the elementary, the employment access, and the new-construction option; confirm the HOA, the CDD, and inspect."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Graystone Estates is a single-family community in Cantonment, an unincorporated part of northern Escambia County (32533), off Muscogee Road and Nowak Road, north of Pensacola near the Highway 29 corridor.

The homes are detached houses built by D.R. Horton (with some Holiday Builders homes), in plans from roughly 1,774 to 3,113 square feet, four to five bedrooms. The community has been developing since 2019 and is still actively selling, so buyers can choose newer builder inventory or an established resale.

The carry includes an HOA whose dues were not publicly disclosed, so confirm them and request the governing documents; builder-controlled HOA dues can rise after the developer turns control over to residents. No Community Development District was confirmed, so verify it per parcel.

The draws are the zoned elementary (Kingsfield rates above average), attainable Cantonment pricing, and quick access to the Navy Federal Beulah campus and the new Baptist Health campus. The trade-offs are average middle and high schools, a longer NAS Pensacola commute, a softening 32533 market, and entry-tier D.R. Horton quality that warrants an independent inspection.

Best for

  • Families drawn to an above-average zoned elementary at an attainable price
  • Workers near the Navy Federal Beulah campus or Baptist Health
  • Buyers who want the choice of new construction or an established resale

Probably not for

  • Families set on strong middle and high schools
  • Daily NAS Pensacola commuters (it is a long cross-town drive)
  • Buyers who want a confirmed low, fixed HOA before committing

How Graystone Estates is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
0Months of supplytight
66Median days on marketdays
0 : 0Under contract vs for salestrong demand
0Sold in last 12 monthsliquidity
+127%Median price since 2012appreciation
+0%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 Graystone 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 Graystone Estates buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Graystone Estates

Live MLS inventory for Graystone 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.

Active and pending Graystone 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.

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.

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive.

Navy Federal (Beulah campus)~25-35 min · ~20-25 miles west
Cantonment / Hwy 29 retail~10-15 min · grocery and services
Pensacola International Airport (PNS)~24-28 min · ~17 miles
Downtown Pensacola~26 min · ~16 miles
I-10 (nearest interchange)~10-15 min · south of Cantonment
NAS Pensacola~35-45 min · across the metro

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

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

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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
Graystone 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
  • Escambia 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

Graystone Estates is served by Escambia 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 Graystone Estates address.

The takeaway

What is actually shaping value at Graystone Estates, sourced and dated. The above-average elementary, employment anchors, and a softer market are the practical facts.

Recent Developments in Graystone Estates

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

Net OutlookBullishThe backdrop is durable northwest-Escambia demand from Navy Federal and Baptist Health, with continued building along the Highway 29 corridor, against a softening 32533 market. The recurring items are the HOA and CDD to confirm.

Above-average zoned elementary

BullishKingsfield Elementary rates above average for the district, a genuine draw for buyers and a support for resale. impact
SignificanceRadius: Community

Above-average zoned elementary

Navy Federal and Baptist Health employment anchors

BullishThe Navy Federal Beulah campus and the new Baptist Health campus sustain northwest-Escambia housing demand within reach of Cantonment. impact
SignificanceRadius: NW Escambia

Navy Federal and Baptist Health employment anchors

Softening 32533 market and HOA uncertainty

NeutralThe ZIP eased with days on market roughly doubling year over year into 2025, and the builder-controlled HOA's dues are undisclosed and can rise after turnover. impact
SignificanceRadius: Cantonment

Softening 32533 market and HOA uncertainty

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 Graystone 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. 2024
    Development

    Continued growth along the Highway 29 corridor

    Cantonment saw continued development in 2024, including a 440-lot subdivision proposed off Highway 29 and a first Escambia County Wawa, reflecting sustained suburban demand near the community. Why it matters: Corridor growth supports demand but adds competing supply; compare Graystone against other Cantonment new communities and confirm incentives. Source

  2. 2025
    Market

    Cantonment 32533 market softens

    Into 2025 the 32533 ZIP eased, with the median around $331,000 down year over year and days on market roughly doubling, a shift toward a buyer's market. Why it matters: Softer conditions give buyers room; price to recent comps and negotiate new-home incentives. 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.

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

1

Get the HOA documents and dues in writing. The dues were not publicly disclosed and builder-controlled HOA dues can rise after turnover; confirm the current amount, the budget, and request the documents.

2

Confirm whether there is a CDD. A CDD could not be confirmed or ruled out; verify it at the property appraiser, since a CDD assessment would add to the tax bill.

3

Get an independent inspection and negotiate incentives. Use your own inspector on a D.R. Horton home, and push for upgrades or rate buy-downs in a softer market.

4

Verify the school plan. Confirm the assigned schools by address, weighing the above-average elementary against average middle and high schools.

5

Pull the FEMA flood zone. Confirm the flood zone and insurance for the specific lot; inland Cantonment is often lower-risk but verify.

Best Buy
A well-built, well-inspected home (new with incentives or a recent resale) priced to comps, with the HOA and CDD confirmed, bought for the elementary and the employment access.
Biggest Risk
An HOA dues increase after builder turnover, an unconfirmed CDD, or overpaying against a softening market.
Best Lot
Lots are similar; weigh what the home backs to and the drainage.
Smart Timing
Active building plus a softening market gives buyers leverage; comp to recent sales and negotiate incentives.
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

Graystone Estates is a single-family community in Cantonment (unincorporated northern Escambia County, 32533), off Muscogee Road and Nowak Road near Highway 29, built by D.R. Horton with some Holiday Builders homes, in plans from about 1,774 to 3,113 square feet. It has developed since 2019 and is still actively selling, so buyers can choose new construction or an established resale. The carry includes an HOA whose dues were not publicly disclosed (and which can rise after builder turnover) and an unconfirmed CDD to verify. The draws are an above-average zoned elementary (Kingsfield) and quick access to the Navy Federal and Baptist Health employment anchors at attainable pricing; trade-offs are average middle and high schools, a longer NAS commute, a softening market, and entry-tier builder quality. Schools are in the Escambia County School District; confirm assignments by address.

The takeaway

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

Entry: smaller plans and recent resales

The lower end is the smaller plans and recent resales (around 1,774 square feet), with builder prices from roughly $383,900 and a documented resale near $344,000 (D.R. Horton / Redfin, 2024-2025).

Lowest entry
Mid: four-bedroom family homes

The core is the four-bedroom plans (around 2,000 to 2,400 square feet), with builder prices around $401,900 to $448,900 (D.R. Horton / pre-constructionhomes, 2025), above the broader 32533 median near $331,000.

Most inventory
High: largest plans

The top is the largest plans up to about 3,113 square feet, reaching near $508,900 (pre-constructionhomes, 2025). Size and finish, not lot, separate these; compare new versus resale.

Strongest resale

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

Entry: smaller plans and recent resales
The lower end is the smaller plans and recent resales (around 1,774 square feet), with builder prices from roughly $383,900 and a documented resale near $344,000 (D.R. Horton / Redfin, 2024-2025).
Mid: four-bedroom family homes
The core is the four-bedroom plans (around 2,000 to 2,400 square feet), with builder prices around $401,900 to $448,900 (D.R. Horton / pre-constructionhomes, 2025), above the broader 32533 median near $331,000.
High: largest plans
The top is the largest plans up to about 3,113 square feet, reaching near $508,900 (pre-constructionhomes, 2025). Size and finish, not lot, separate these; compare new versus resale.

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

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
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.

No CDD on the tax billStrong
Central Intracoastal West locationStrong
Scarce golf and lake homesitesStrong
$30M club reinvestment to 2028Positive
All-resale 1990s conditionManage 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 Graystone 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.

Graystone Estates leads with an above-average elementary and employment access. The honest read is the undisclosed HOA, an unconfirmed CDD, and the average older-grade schools.

Jon Brooks · Founder, Momentum Realty
7.5B+ · Buy Score
Resale Strength7.5/10
Renovation Risk8.2/10
Location Efficiency7.4/10
Long-Term Defensibility7.2/10
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.

Why our read on Graystone 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.

Which Lots & Views Hold Value Best

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
  • Lots are similar; check what each backs to.
  • Weigh drainage on the specific lot.
  • Confirm the FEMA flood zone for the address.

Graystone Estates' lots are similar Cantonment parcels, so the lot read is about the margins: what the home backs to, how the lot drains, and the FEMA flood zone for the specific address. Because the homes are similar production builds, the builder, the lot, and the home's condition, not square footage alone, separate one home's value from the next.

Graystone Estates in 15 seconds.

Best forFamilies drawn to an above-average zoned elementary at an attainable price near the Navy Federal and Baptist Health anchors.
Strong onSchools and choice: a strong zoned elementary, attainable Cantonment pricing, no CDD confirmed, and new-or-resale options.
WatchAn undisclosed, possibly rising HOA, an unconfirmed CDD, average middle and high schools, and a long NAS commute.
Not forFamilies set on strong older-grade schools, daily NAS commuters, or buyers who want a confirmed low fixed HOA first.
The edgeActive building plus a softening market gives a prepared buyer room to negotiate incentives and price to comps.

HOA, CDD & Fees

15-Second Take
  • HOA dues not publicly disclosed; can rise after turnover.
  • CDD could not be confirmed or ruled out; verify it.
  • D.R. Horton (and some Holiday Builders) homes.
  • Above-average zoned elementary; average middle and high.
  • Use your own inspector on a D.R. Horton home.

There is an HOA, but the dues amount was not publicly disclosed, so confirm the current amount and request the governing documents and budget; builder-controlled HOA dues during buildout can rise after the developer turns control over to residents. A Community Development District could not be confirmed or ruled out, so verify it at the property appraiser, since a CDD assessment would add to the tax bill.

HOA coverage was not publicly posted; confirm exactly what it covers for the specific home, and watch for any amenity that drives the dues.

Amenities, if any, were not confirmed; verify what the community offers and what the HOA funds before relying on it.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

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 Graystone Estates, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Graystone Estates, 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 Graystone Estates home worth?

Get a no-obligation home value based on real comparable sales in Graystone 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 Graystone 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 Graystone 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.

Graystone Estates Market Scorecard

Thin data

Graystone Estates is currently a thin data. Limited supply, a median asking price of n/a.

n/a
Months supply
n/a
Median list
n/a
Median sold
n/a
Per sqft
n/a
Days on mkt
0/0/0
Active/Pend/Sold

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

Does Graystone Estates have an HOA or CDD?
It has an HOA, but the dues were not publicly disclosed, so confirm them and request the documents; builder-controlled dues can rise after turnover. A CDD could not be confirmed or ruled out, so verify it at the property appraiser, since a CDD assessment would add to the tax bill.
Who builds Graystone Estates?
D.R. Horton is the primary builder, with some Holiday Builders homes, in plans from about 1,774 to 3,113 square feet. The community has developed since 2019 and is still selling.
Is Graystone Estates new construction or resale?
Both. It is still actively selling new homes while an established 2019-onward resale base exists, so buyers can choose newer builder inventory or a resale.
How much do homes in Graystone Estates cost?
New homes run roughly $383,900 to $508,900 (D.R. Horton / pre-constructionhomes, 2025), with a documented resale near $344,000 (Redfin, 2024), above the broader 32533 ZIP median near $331,000. Confirm current pricing and incentives.
What schools serve Graystone Estates?
It is in the Escambia County School District, typically Kingsfield Elementary (above average), Ransom Middle, and J.M. Tate High. The middle and high schools are average, so confirm the assignment by address.
Is Graystone Estates gated?
No source confirmed a gate for Graystone Estates; a neighboring community is gated, but this one is not described that way. Confirm for the specific section.
How is the commute from Graystone Estates?
I-10 is about ten to fifteen minutes away, the airport and downtown Pensacola roughly twenty-four to twenty-six minutes, and the Navy Federal Beulah campus twenty-five to thirty-five. NAS Pensacola is a longer thirty-five-to-forty-five-minute drive across the metro.
Is Graystone Estates in a flood zone?
Inland Cantonment is often lower-risk, but the flood zone is parcel-specific. Confirm the FEMA flood zone and insurance for the specific lot.
What should I know about D.R. Horton quality here?
D.R. Horton is an entry-to-mid-tier production builder, so use your own independent inspector for the roof, systems, and grading on a specific home before closing, whether new or resale.
What should I check before buying in Graystone Estates?
Get the HOA documents and dues in writing, confirm whether there is a CDD at the property appraiser, get an independent inspection, verify the school plan, check the FEMA flood zone, and negotiate incentives in a softer market.
Is Graystone Estates a good investment?
The above-average elementary and employment access support demand, but the undisclosed HOA, unconfirmed CDD, average older-grade schools, and a softer market are real factors. Confirm the costs and buy to comps; this is not a guarantee of future value.
Should I use the builder's sales agent as my representation?
The builder's on-site agent represents the builder, not you. Having your own representation to confirm the HOA and CDD, arrange an inspection, and negotiate incentives is the highest-leverage decision you make.
You are drawn to an above-average zoned elementary at an attainable priceExcellent fit
You work near the Navy Federal Beulah campus or Baptist HealthExcellent fit
You want the choice of new construction or an established resaleExcellent fit
You are set on strong middle and high schoolsProbably not
You commute daily to NAS PensacolaProbably not
You want a confirmed low, fixed HOA before committingProbably not

Get the inside read on Graystone Estates

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Graystone 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.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Graystone Estates specialist will reach out personally, usually the same day.

Graystone Estates median home price history from 2012 to 2026 — chart by Momentum Realty
Median sale price in Graystone 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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