PELICAN BAY S/D
Homes for Sale in Santa Rosa Beach, FL
True comps, carrying-cost math, and listings before the portals.
Photo via emeraldcoast
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.
The setting & the homes.
Aerial and on-site photos of PELICAN BAY S/D. Swipe to explore the community.
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PELICAN BAY S/D
PELICAN BAY S/D
PELICAN BAY S/D
PELICAN BAY S/DPhotos from emeraldcoast 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
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 · 15 daysTop listingActive · 22 daysActive · 44 daysActive · 92 daysActive and pending PELICAN BAY S/D 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 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 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 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.
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.
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 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 homes for sale in PELICAN BAY S/D on the map →
Frequently Asked Questions
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?
Do cash buyers compete in PELICAN BAY S/D?
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?
Should you buy in PELICAN BAY S/D?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near PELICAN BAY S/D with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | emeraldcoast, refreshed twice daily (last: 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 2010 (16 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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