PELICAN BAY
Homes for Sale in Santa Rosa Beach, FL
True comps, carrying-cost math, and listings before the portals.
Photo via emeraldcoast
Pelican Bay is a small pocket in Santa Rosa Beach, with just 85 homes and a build range spanning 1985 to 2024. That nearly four-decade spread is the story: what sets price here isn't a single vintage but condition and how far a given home has been updated. The median sits at $934,000 on roughly 2,760 square feet, but with a range this wide, two homes at similar size can trade very differently depending on their level of renovation.
At the moment only 2 homes are active, and the last closings moved at a median of 21 days. Thin inventory in a small community means individual listings carry outsized weight — one well-priced home can reset expectations, and one overpriced one can sit and distort the read. Sellers have leverage while supply stays this low; buyers should be ready to move on the right home rather than wait for a wave of options that isn't coming.
The 60-Second Overview
PELICAN BAY market snapshot (as of July 25, 2026): the median sale price is about $934K, and a median 21 days on market for closed sales.
PELICAN BAY is a community of 85 homes in Santa Rosa Beach, Walton County, built between 1985 and 2024 (median 2004.5), with a median living area of about 2,760 square feet. 68% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
This is a compact, established enclave rather than a large master-planned community, and with roughly two-thirds of homes homesteaded, most are owner-occupied rather than investor turnover.
The setting & the homes.
Aerial and on-site photos of PELICAN BAY. Swipe to explore the community.
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PELICAN BAY
PELICAN BAY
PELICAN BAYPhotos from emeraldcoast listings in PELICAN BAY; content deemed reliable but not guaranteed.
Who PELICAN BAY is best for.
Best for
- Buyers comfortable around the mid-$900s who want a primary residence they intend to hold
- Renovation-minded buyers willing to trade an older vintage for value and put in the work
- Buyers who value an established, owner-occupied setting over shared community facilities
Probably not for
- Buyers needing a wide selection to compare, given only two active listings
- Buyers who require pools, clubhouses, or other shared amenities on site
- Investors chasing quick turnover in a community where most homes are held long term
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 25 of each year, from record-level emeraldcoast closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($934K) IS the median in the snapshot above.
Windows contain 0 to 5 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. 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.
PELICAN BAY Market Scorecard
PELICAN BAY is currently a balanced market., a median asking price of $1,699,500, and homes go under contract in about 74 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: emeraldcoast, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in PELICAN BAY
Live MLS inventory for PELICAN 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 · 56 daysTop listingActive · 74 daysPending · 7 daysActive and pending PELICAN 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.
PELICAN BAY on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from emeraldcoast. Map data © OpenStreetMap, tiles © CARTO.
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 PELICAN 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 PELICAN BAY address.
The PELICAN BAY buying strategy.
If we were buying in PELICAN 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.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
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 PELICAN BAY.
A small pool, a wide vintage spread
With 85 homes and a median year built around 2004, Pelican Bay blends mid-1980s original construction with product as new as 2024. Practically, that means you are shopping condition first. The median living area near 2,760 square feet gives you a useful benchmark, but the number that will actually move your offer is how recently a given home's systems, kitchen, and baths have been touched.
No community amenities surfaced in the current MLS listings, so buy this location for the homes and the Santa Rosa Beach setting rather than for shared facilities. The homestead share above two-thirds points to a stable, owner-held community where listings are relatively infrequent — good for long-term hold value, less good if you need selection on your timeline.
The location and the amenities are priced into every listing in PELICAN BAY. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community this small with only a couple of homes active at a time, comparable sales are scarce and each one matters. We price and negotiate off condition, not just square footage, and we know how to read whether a 21-day median means a home is genuinely in demand or simply well-priced. That judgment is where deals are won or lost when the data set is thin.
PELICAN BAY in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a PELICAN 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 PELICAN BAY sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in PELICAN 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 PELICAN BAY home worth?
Get a no-obligation home value based on real comparable sales in PELICAN 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 homes for sale in PELICAN BAY on the map →
Frequently Asked Questions
What is the median home price in PELICAN BAY?
How long do homes in PELICAN BAY take to sell?
How many homes are in PELICAN BAY?
What share of PELICAN BAY is owner-occupied?
When were the homes in PELICAN BAY built?
Do cash buyers compete in PELICAN BAY?
Who is the best real estate agent for PELICAN BAY?
How do I find a top Santa Rosa Beach real estate agent who knows PELICAN BAY?
Can Momentum Realty connect me with an agent for PELICAN BAY?
Should you buy in PELICAN BAY?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near PELICAN BAY with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | emeraldcoast, refreshed twice daily (last: July 25, 2026) |
| Community market stats | emeraldcoast closed sales, 12-month windows ending July 25, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (4 streets, ZIP 32459)) |
| Historical depth | Closed-sale records back to 2003 (36 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 emeraldcoast 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.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the emeraldcoast member average and 8 days faster, and we’ll price yours against live your area comps.
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