Pelican Bay S/D
Homes for Sale in Santa Rosa Beach, FL
All 767 homes for sale in Santa Rosa Beach, FL · median $1,125,000 · 784 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 November 2026, Pelican Bay S/D in Santa Rosa Beach, FL has 1 home for sale. Homes listed or recently sold were built 1999–2020; 3 of 3 report an HOA (median $52/mo); 1 of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 7 ft).
Last 30 days in Pelican Bay S/D: 1 new listing (median asking $799,000). As of November 11, 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.
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.
Figures in this note are as of July 26, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Pelican Bay S/D right now
🟡 Balanced market. 6.0 months of supply and 0% 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 Emerald Coast MLS records, as of November 9, 2026. Confidence: Low (1 active and pending listings, 0 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated November 11, 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 14 homes in PELICAN BAY S/D that have changed hands since 2010, built between 2001 and 2020 (median 2013), with a median living area of about 2,407 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/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, 952 homes are on the market and 16% are under contract — a slower corner of Santa Rosa Beach.
Across Walton County, 2,879 homes are active and 587 pending (17% under contract).
In ZIP 32459 (Santa Rosa Beach), 195 homes closed in the last 12 months at a median of $837K, with a median 69 days on market. Right now 159 active and 24 pending listings put supply at about 9.8 months — a soft 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.
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 and pending Pelican Bay S/D listings as of 2026-11-10, 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 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 contributors.
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.
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 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.
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. 3 on record.
- 19 Wind Spray Court · off market
- 401 Pelican Bay Drive · off market
- 521 Shelter Cove Drive · off market
| 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 | Dock, Fishing, Gated, Picnic Area, Pets Allowed, Pickleball |
| For sale right now | 1 active, 0 pending · median asking $799,000 · 6.0 months of supply |
| Owner-occupied (homestead) share | 68% |
Data as of November 9, 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 November 9, 2026.
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.
Every Home for Sale in Pelican Bay S D Right Now (1)
All 1 active and pending Pelican Bay S D listings with a detail page, newest first, refreshed twice a day from the MLS.
- 74 Pelican Bay Drive · $799,000 · 4 bd / 4.5 ba · listed Oct 20, 2026 · listed by Scenic Sotheby's International Realty
Recently sold in Pelican Bay S D
- 521 Shelter Cove Drive · sold $862,500
- 19 Wind Spray Court · sold $985,000
Closed sales from the MLS; each page shows the sold price, taxes and value history.
More Santa Rosa Beach home searches
- All homes for sale in Santa Rosa Beach, FL
- Homes for sale in Walton County, FL
- Santa Rosa Beach pool homes for sale
- Santa Rosa Beach home values: what is my house worth?
- ZIP 32459 housing scorecard
Santa Rosa Beach guides & data
- Market data
- Best neighborhoods (ranked by data)
- Flood zones
- Property taxes (Walton County)
- Homestead exemption (Walton County)
- Home insurance cost
- New construction
- New construction (Walton County)
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
- How to stop a foreclosure in Florida
- Florida documentary stamp tax, explained
- Cheapest places to live in Florida
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What it really costs to own in Pelican Bay S/D
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| HOA dues | Median $625/year (about $52/month) across 3 MLS listings (most billed annually; 2026-11-11). Dues cover what the documents say they cover; ask for the budget and reserve study. |
|---|---|
| Home and flood insurance | The average Citizens Property Insurance premium in Walton County is $1,942/yr (433 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
Email me new listings in Pelican Bay S/D
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Pelican Bay S/D
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Pelican Bay S/D will answer, and the answer is published on this page for the next buyer.
17% 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 (2026-11-11).
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: November 10, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (4 streets, ZIP 32459)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-11-09 |
| Historical depth | Closed-sale records back to 2026 (2 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.
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See how PELICAN BAY S/D fits the bigger picture — live prices, inventory, and Momentum Scores: