PELICAN ISLE
Homes for Sale in Fort Walton Beach, FL
True comps, carrying-cost math, and listings before the portals.
Photo via emeraldcoast
Pelican Isle is a thin-inventory market right now, with just two active listings and only three closings in the recent window. With numbers this small, the median of $430,000 tells you where the middle of a narrow set landed, not a firm value line — condition and specifics drive price here more than any headline figure.
At a median of 62 days on market, homes are not moving on contact. That posture favors a patient buyer who can negotiate on terms and condition, and it tells a seller to price to the current reality and prepare for a longer runway rather than a bidding war.
The 60-Second Overview
PELICAN ISLE market snapshot (as of July 25, 2026): the median sale price is about $430K, and a median 62 days on market for closed sales.
Pelican Isle sits in Fort Walton Beach, in Okaloosa County, and reads as a small, low-turnover pocket where a handful of transactions set the tone. Values here have climbed 123% since 2012, so the longer arc has been upward even if the current pace is measured.
The setting & the homes.
Aerial and on-site photos of PELICAN ISLE. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
PELICAN ISLE
PELICAN ISLE
PELICAN ISLE
PELICAN ISLEPhotos from emeraldcoast listings in PELICAN ISLE; content deemed reliable but not guaranteed.
Who PELICAN ISLE is best for.
Best for
- Patient buyers who can wait for the right listing in a market with few active choices
- Buyers around the mid-$400s who value condition and location over shared amenities
- Long-hold buyers comfortable with a market that has moved measurably upward since 2012
Probably not for
- Buyers who need several homes to compare at once
- Buyers set on an amenity-rich community with pools or clubhouses
- Anyone needing a fast, competitive close on a tight timeline
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 ($430K) IS the median in the snapshot above.
Windows contain 0 to 11 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 ISLE Market Scorecard
PELICAN ISLE is currently a balanced market., a median asking price of $537,000, and homes go under contract in about 138 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 ISLE
Live MLS inventory for PELICAN ISLE. 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 · 138 daysTop listingActive · 53 daysPending · 95 daysPending · 337 daysActive and pending PELICAN ISLE 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 ISLE 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
- Okaloosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Elliott Point · Elementary
- Bruner · Middle
- Fort Walton Beach · High
Zoned schools reflect the assignments reported on recent PELICAN ISLE listings and can change; always confirm with Okaloosa County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any PELICAN ISLE address.
The PELICAN ISLE buying strategy.
If we were buying in PELICAN ISLE 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 ISLE.
A small-sample market
The defining fact of Pelican Isle today is scale: two homes listed, three sold recently. In a market this size, a single unusual sale can swing the median, so treat the $430,000 figure as a rough marker rather than a precise benchmark. The real work is comparing a specific home's condition, layout, and lot against the small set of recent activity.
No community amenities surface in current MLS listings, so the value case rests on the homes themselves and on the Fort Walton Beach location rather than shared facilities. Buyers who need an amenity package should confirm what any specific property and its association actually offer before assuming anything.
The location and the amenities are priced into every listing in PELICAN ISLE. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Thin markets reward local read over averages. With only a couple of active listings and a short closing history, we help you weigh each home on its own merits, gauge realistic pricing against a small comp set, and negotiate with the leverage that a 62-day pace tends to hand the patient side of the table.
PELICAN ISLE 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 ISLE 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 ISLE sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in PELICAN ISLE, 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 ISLE home worth?
Get a no-obligation home value based on real comparable sales in PELICAN ISLE, 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 ISLE on the map →
Frequently Asked Questions
What is the median home price in PELICAN ISLE?
How long do homes in PELICAN ISLE take to sell?
Do cash buyers compete in PELICAN ISLE?
Have PELICAN ISLE home prices gone up?
Who is the best real estate agent for PELICAN ISLE?
How do I find a top Fort Walton Beach real estate agent who knows PELICAN ISLE?
Can Momentum Realty connect me with an agent for PELICAN ISLE?
Should you buy in PELICAN ISLE?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near PELICAN ISLE 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 |
| Historical depth | Closed-sale records back to 2002 (115 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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