Santa Rosa Island
Homes for Sale in Fort Walton Beach, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Emerald Coast MLS
As of September 2026, Santa Rosa Island in Fort Walton Beach, FL has 6 homes for sale and 1 pending, asking from $748,000 to $1,949,000 (median $1,205,000). Over the 12 months ending 2026-09-12, 10 recorded sales closed at a median of $771,250, a median 19 days on market, sellers accepting 92% of original asking (+44% versus the prior year). Homes listed or recently sold were built 1968–2025 with 1 new construction; 7 of the 8 geocoded homes sit in a FEMA special flood hazard zone (median elevation 8 ft). At the median price and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $9,950 ($9,440 with the full homestead exemption).
Homes For Sale Right Now in Santa Rosa Island
Live MLS inventory for Santa Rosa Island. 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 · 205 daysTop listing
Active · 146 days
Active · 36 days
Active · 127 daysActive · 28 days
Active · 74 days
Pending · 107 daysActive and pending Santa Rosa Island listings as of 2026-09-12, 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.
Santa Rosa Island is a barrier-island market where price is driven less by square footage and more by position and condition. The median sits at $702,500, but that number sits on top of a wide spread of vintages — homes here run from 1954 to 2024, with a median build year of 1972 — so what you're really paying for is proximity to the water and how much of the original structure has been updated or replaced.
The posture right now favors sellers with correctly priced, move-in product. The median home is going under contract in just under 20 days, prices are up 30.1% year over year, and inventory is thin at 8 active listings against 307 homes. That combination rewards decisive buyers and punishes anyone waiting for a soft market. Sellers of dated stock still need to be honest about condition — the spread in this market is condition-driven, and buyers are pricing the work in.
Santa Rosa Island right now
🟢 Buyer-leaning market. 7.2 months of supply and 14% 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 12, 2026. Confidence: High (7 active and pending listings, 10 closed sales in 12 months).
🟢 Still climbing. The trailing-12-month median ($771K) is up 44.2% from the prior 12 months ($535K) and up 102% since 2012. With about 7 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Emerald Coast MLS closed sales, 12-month windows ending September 12. Confidence: Medium (10 and 6 sales in the two windows).
What's unique here: the median sale price is about 2x the typical Okaloosa County sale ($771K vs $366K, trailing 12 months, Emerald Coast MLS records).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated September 12, 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
Santa Rosa Island market snapshot (as of September 12, 2026): the median sale price is about $771K, a median 20 days on market for closed sales, and 7.2 months of supply, a buyer-leaning market. The trailing-12-month median is up 44% from the prior 12 months and up 102% since 2012, computed from record-level Emerald Coast MLS closed sales (10 closings in the current window).
Santa Rosa Island is a community of 96 homes in Fort Walton Beach, Okaloosa County, built between 1954 and 2022 (median 1972.0), with a median living area of about 2,456 square feet. 67% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
This is a small, tightly held island inventory of roughly 300 homes with only a handful active at any time, so the story is scarcity and location rather than volume. Expect older bones — the median home dates to 1972 — behind a mix of renovation levels.
The setting & the homes.
Aerial and on-site photos of Santa Rosa Island. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Santa Rosa IslandPhotos from Emerald Coast MLS listings in Santa Rosa Island; content deemed reliable but not guaranteed.
Who Santa Rosa Island is best for.
Best for
- Buyers targeting a coastal primary or second home near the mid-$700s who can act fast on limited inventory
- Renovation-minded buyers comfortable putting work into an older island structure to build value
- Long-hold owners drawn to island scarcity and willing to carry salt-air maintenance and insurance costs
Probably not for
- Bargain hunters expecting to buy below the current market in a cycle up 30.1% year over year
- Buyers who want an amenity-rich, HOA-serviced community — none is identified in current listings
- Anyone needing move-in-ready new construction with minimal upkeep and predictable, uniform pricing
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level Emerald Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($771K) IS the median in the snapshot above, and the move from 2025 ($535K) IS the +44.2% one-year change.
Windows contain 3 to 12 sales each (10 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.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Okaloosa County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Okaloosa County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
SANTA ROSA ISLAND Market Scorecard
SANTA ROSA ISLAND is currently a buyer's market. About 7.2 months of supply, a median asking price of $1,205,000, and homes go under contract in about 100 days.
Typical home value in the 32548 ZIP is $341,402, about 7.2% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in SANTA ROSA ISLAND, Fort Walton 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.
Santa Rosa Island 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
- 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 Santa Rosa Island 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 Santa Rosa Island address.
The Santa Rosa Island buying strategy.
If we were buying in Santa Rosa Island 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 Santa Rosa Island.
An older-stock island market in a fast cycle
The age range here is the whole story. With homes built from 1954 through 2024 and a median year of 1972, you are choosing between original or lightly updated structures and full rebuilds. On a barrier island, that also means asking hard questions about elevation, construction type, insurance, and how the home has weathered its decades near salt air. The median living area of about 2,449 square feet gives you real room, but two homes at the same size can be worlds apart in condition — and that's where the price spread lives.
Momentum on the ground is strong: a market heat score of 70, a sub-20-day median days-on-market, and appreciation of 30.1% over the past year on top of a 67% gain since 2012. A homestead share of about 56% suggests a meaningful slice of owner-occupants alongside second-home and rental use. No specific community amenities show up in current MLS listings, so value here is about the island itself and the individual property, not shared facilities.
The location and the amenities are priced into every listing in Santa Rosa Island. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Santa Rosa Island buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 5 factors (6.3). Basis: Long-Term Appreciation +102% since 2012; Recent Direction +44.2% year-over-year; Liquidity & Demand 7.2 months of supply; Owner Commitment 67% owner-occupied; Pricing Power 92.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
With only 8 active listings and homes moving in under three weeks, this market rewards preparation over browsing. We help buyers separate cosmetic updates from structural and elevation realities on older island stock, and we help sellers price to condition rather than to the headline median — because on Santa Rosa Island, two similar-sized homes rarely deserve the same number.
Santa Rosa Island 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 Santa Rosa Island 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 Santa Rosa Island sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Santa Rosa Island, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Santa Rosa Island home worth?
Get a no-obligation home value based on real comparable sales in Santa Rosa Island, 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 Santa Rosa Island on the map →
Frequently Asked Questions
What is the median home price in Santa Rosa Island?
How long do homes in Santa Rosa Island take to sell?
Is Santa Rosa Island a buyer's or seller's market right now?
How many homes are in Santa Rosa Island?
What share of Santa Rosa Island is owner-occupied?
When were the homes in Santa Rosa Island built?
Have Santa Rosa Island home prices gone up?
Who is the best real estate agent for Santa Rosa Island?
How do I find a top Fort Walton Beach real estate agent who knows Santa Rosa Island?
Can Momentum Realty connect me with an agent for Santa Rosa Island?
Should you buy in Santa Rosa Island?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Santa Rosa Island with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Emerald Coast MLS, refreshed twice daily (last: September 12, 2026) |
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending September 12, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (3 streets, ZIP 32547/32548)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 1993 (139 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 SANTA ROSA ISLAND fits the bigger picture — live prices, inventory, and Momentum Scores: