Pelican Bay S/D
Homes for Sale in Santa Rosa Beach, FL
All 848 homes for sale in Santa Rosa Beach, FL · median $1,135,000 · 878 homes for sale in 32459 · Walton County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of September 2026, Pelican Bay S/D in Santa Rosa Beach, FL has 2 homes for sale. Homes listed or recently sold were built 1999–2020; 1 of the 4 geocoded homes sit in a FEMA special flood hazard zone (median elevation 6 ft).
| Location | Santa Rosa Beach, Walton County, FL · ZIP 32459 |
|---|---|
| Homes in the community | 82 (FL DOR 2025 assessment roll) |
| Years built | 1985–2024 (median 2004) |
| Typical living area | 2,680 sq ft (median) |
| Amenities listed by sellers | Fishing, Gated, Picnic Area, Dock, Tennis Court(s), Pets Allowed |
| For sale right now | 2 active, 1 pending · median asking $870,750 · 24.0 months of supply |
| Owner-occupied (homestead) share | 68% |
Data as of September 20, 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, “PELICAN BAY S/D key facts,” movewithmomentum.com/neighborhoods/pelican-bay-s-d, data as of September 20, 2026.
With no closings in the current window and only four active listings across 82 homes, Pelican Bay is a thin, slow-turning market. What sets price here isn't a formula — it's condition and vintage. The build range runs from 1985 to 2024, so you're comparing a mid-1980s home against something nearly new, and those two ends of the spectrum do not price the same way. The median year built of 2004 tells you the bulk of the stock is a generation removed from today's construction, which means renovation status carries a lot of weight.
For sellers, low active inventory is leverage — but only if the home shows well against the newer builds in the range. For buyers, the practical challenge is choice: with four listings, you take what's available and you underwrite condition carefully. A homestead share near 69% suggests most of these homes are owner-occupied rather than rentals, so turnover is slower and well-kept homes tend to stay off the market. Patience matters more here than in a high-velocity community.
Pelican Bay S/D right now
🟢 Buyer-leaning market. 24.0 months of supply and 33% of the inventory already under contract give buyers above-average negotiating leverage.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 September 20, 2026. Confidence: Low (3 active and pending listings, 1 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 29, 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
Pelican Bay is a small, established Santa Rosa Beach subdivision of 82 homes where the median living area — around 2,680 square feet — points to substantial single-family houses rather than starter product. No community amenities surface in the current MLS data, so buy the house and the location, not a resort package.
Emerald Coast MLS sales records identify 13 homes in PELICAN BAY S/D that have changed hands since 2010, built between 2001 and 2020 (median 2011), with a median living area of about 2,382 sq ft and a typical 4-bedroom, 2.5-bath layout; 100% are single-family homes. Source: Emerald Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 8 qualified sales in PELICAN BAY S/D across 2024–2025 (2 in 2024, 6 in 2025), median $975,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
The setting & the homes.
Aerial and on-site photos of Pelican Bay S/D. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Pelican Bay S/D
Pelican Bay S/D
Pelican Bay S/D
Pelican Bay S/DPhotos from Emerald Coast MLS listings in Pelican Bay S/D; content deemed reliable but not guaranteed.
Who Pelican Bay S/D is best for.
Best for
- Buyers seeking a roughly 2,680-square-foot single-family home who value a stable, owner-occupied street
- Patient purchasers comfortable waiting for the right listing in a low-inventory market
- Renovation-minded buyers willing to underwrite an older home and update it themselves
Probably not for
- Buyers who want an HOA amenity package like a pool or gated entry
- Anyone needing a broad selection of homes to tour and compare immediately
- Investors chasing rental-heavy turnover, given the high homestead occupancy
The market around Pelican Bay S/D
Pelican Bay S/D is too small for its own price trend, so here is the market around it.
In ZIP 32459, 1,067 homes are on the market and 18% are under contract — a slower corner of Santa Rosa Beach.
Across Walton County, 3,174 homes are active and 698 pending (18% under contract).
In ZIP 32459 (Santa Rosa Beach), 967 homes closed in the last 12 months at a median of $960K, up 2.0% year over year, with a median 82 days on market. Right now 496 active and 94 pending listings put supply at about 7.0 months — a buyer's market. See the live ZIP 32459 housing market and the Walton County market.
ZIP and county figures describe the wider market, not Pelican Bay S/D specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in PELICAN BAY S/D, Santa Rosa 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 Pelican Bay S/D
Live MLS inventory for Pelican Bay S/D. 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 · 149 daysTop listingActive · 101 daysPending · 66 daysActive and pending Pelican Bay S/D listings as of 2026-09-28, 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 Pelican Bay S D Right Now (3)
All 3 active and pending Pelican Bay S D listings with a detail page, newest first, refreshed twice a day from the MLS.
- 521 Shelter Cove Drive · $895,000 · 5 bd / 3 ba · pending · listed Jul 6, 2026 · listed by Real Broker LLC
- 401 Pelican Bay Drive · $849,000 · 3 bd / 2.5 ba · listed Jun 30, 2026 · listed by Scenic Sotheby's International Realty
- 74 Pelican Bay Drive · $892,500 · 4 bd / 4.5 ba · listed Jun 30, 2026 · listed by Berkshire Hathaway HomeServices
Pelican Bay S/D on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Emerald Coast MLS. 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 S/D 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 S/D address.
Shop the zone: Homes zoned for South Walton High School
The Pelican Bay S/D buying strategy.
If we were buying in Pelican Bay S/D 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 S/D.
A condition-driven market with a wide build spread
The defining fact about Pelican Bay is its age spread. Homes here date anywhere from 1985 to 2024, with the median at 2004. That's a nearly four-decade range under one subdivision name, which means the single most important question on any given listing is where it falls on that timeline and how much has been updated since. A 2680-square-foot median size keeps the housing consistently sized even as the vintage varies.
No amenities are identified from current listings, so there's no HOA-driven pool or gate story to lean on. That simplifies the buy — you're underwriting a house on a lot in Walton County, close to Santa Rosa Beach — but it also means value comes almost entirely from the structure itself. With homestead occupancy near 69%, this reads as a lived-in, stable enclave rather than an investor-heavy rental pocket.
The location and the amenities are priced into every listing in Pelican Bay S/D. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a four-listing market with no recent closings to anchor value, pricing is a judgment call — and the wide build range makes comparables tricky. We do the work of placing each home on that 1985-to-2024 timeline, weighing renovation status, and reading how a low-inventory posture cuts for you whether you're listing or buying. That's the difference between guessing and underwriting.
Pelican Bay S/D in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- 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 S/D 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 S/D 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 S/D, 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 S/D home worth?
Get a no-obligation home value based on real comparable sales in Pelican Bay S/D, 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 Santa Rosa Beach →
Recently off market in PELICAN BAY S/D
Homes in PELICAN BAY S/D 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. 1 on record.
- 19 Wind Spray Court · off market
18% of homes for sale in ZIP 32459 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-29).
Frequently Asked Questions
Is Pelican Bay S/D a buyer's or seller's market right now?
How many homes are in Pelican Bay S/D?
What share of Pelican Bay S/D is owner-occupied?
When were the homes in Pelican Bay S/D built?
Who is the best real estate agent for Pelican Bay S/D?
How do I find a top Santa Rosa Beach real estate agent who knows Pelican Bay S/D?
Can Momentum Realty connect me with an agent for Pelican Bay S/D?
Where is Pelican Bay S/D, and what county is it in?
Should you buy in Pelican Bay S/D?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Emerald Coast MLS, refreshed twice daily (last: September 28, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (4 streets, ZIP 32459)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2010 (17 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.
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 Emerald Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how PELICAN BAY S/D fits the bigger picture — live prices, inventory, and Momentum Scores:
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