Shadow Lakes
Homes for Sale in Gulf Breeze, FL
All 218 homes for sale in Gulf Breeze, FL · median $487,450 · 159 homes for sale in 32563 · Santa Rosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo courtesy of Callan Edick, KELLER WILLIAMS REALTY EMERALD COAST WEST BRANCH · via Pensacola MLS
As of September 2026, Shadow Lakes in Gulf Breeze, FL has 2 homes for sale. Over the 12 months ending 2026-09-20, 22 recorded sales closed at a median of $295,000, $220 per square foot, a median 28 days on market, sellers accepting 96% of original asking (+3% versus the prior year). Homes listed or recently sold were built 1999–2014; 14 of 14 report an HOA (median $26/mo); none of the 12 geocoded homes sit in a FEMA special flood hazard zone (median elevation 23 ft). At the median price and Santa Rosa County's FY2025-26 rate of 12.81 mills, annual property tax runs about $3,780 ($3,270 with the full homestead exemption).
| Location | Gulf Breeze, Santa Rosa County, FL · ZIP 32563, 32566 |
|---|---|
| Homes in the community | 97 (FL DOR 2025 assessment roll) |
| Years built | 1998–2018 (median 2005) |
| Typical living area | 1,668 sq ft (median) |
| Home types (current listings and sales) | single-family 100% |
| Amenities listed by sellers | Picnic Area, Fishing, Pavilion/Gazebo |
| Sale prices, last 12 months | $295,000 median across 22 closed sales · $220 per sq ft · +3.2% vs the prior 12 months |
| Days on market (closed sales) | 28 median |
| For sale right now | 2 active, 0 pending · median asking $287,500 · 1.1 months of supply |
| Owner-occupied (homestead) share | 73% |
Data as of September 20, 2026. Copyright© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Shadow Lakes key facts,” movewithmomentum.com/neighborhoods/shadow-lakes, data as of September 20, 2026.
Last 30 days in Shadow Lakes: 2 new listings (median asking $287,500), 1 closed sale (median $290,000). As of September 21, 2026, Copyright© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Shadow Lakes right now
🟡 Balanced market. 1.1 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 Pensacola MLS records, as of September 20, 2026. Confidence: High (2 active and pending listings, 22 closed sales in 12 months).
🟡 Still climbing. The trailing-12-month median ($295K) is up 3.2% from the prior 12 months ($286K) and up 157% since 2012. With about 17 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 Pensacola MLS closed sales, 12-month windows ending September 20. Confidence: Medium (22 and 13 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 22, 2026 · Live data: Pensacola MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Shadow Lakes market snapshot (as of September 20, 2026): the median sale price is about $295K ($220 per sq ft over the trailing 12 months of closed sales), a median 29 days on market for closed sales, and 1.1 months of supply, a balanced market. The trailing-12-month median is up 3% from the prior 12 months and up 157% since 2012, computed from record-level Pensacola MLS closed sales (22 closings in the current window).
In ZIP 32563 (Gulf Breeze), 435 homes closed in the last 12 months at a median of $420K ($230/sq ft), up 1.8% year over year, with a median 45 days on market. Right now 81 active and 40 pending listings put supply at about 3.2 months — a healthy market. See the live ZIP 32563 housing market and the Santa Rosa County market.
County records show 5 qualified sales in Shadow Lakes across 2024–2025 (3 in 2024, 2 in 2025), median $285,900 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Flood zones in Shadow Lakes: of 12 listing addresses checked against the FEMA National Flood Hazard Layer, 100% sit outside the FEMA Special Flood Hazard Area (Zone X). Individual parcels vary — verify any specific address at msc.fema.gov. See flood zones by neighborhood in Gulf Breeze.
Shadow Lakes is a community of 97 homes in Gulf Breeze, Santa Rosa County, built between 1998 and 2018 (median 2005), with a median living area of about 1,668 square feet. 73% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
The setting & the homes.
Aerial and on-site photos of Shadow Lakes. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Shadow LakesPhotos from Pensacola MLS listings in Shadow Lakes; content deemed reliable but not guaranteed.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Pensacola MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($295K) IS the median in the snapshot above, and the move from 2025 ($286K) IS the +3.2% one-year change.
Windows contain 7 to 31 sales each (22 in the current window); every figure carries its sample size, and thin markets swing on single closings. Copyright© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Deemed reliable but not guaranteed.
38% of homes for sale in ZIP 32563 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 (2026-09-22).
Shadow Lakes Market Scorecard
Shadow Lakes is currently a balanced market (limited data). About 1.1 months of supply, a median asking price of $287,500, and homes go under contract in about 6.5 days.
Typical home value in the 32563 ZIP is $406,682, about 16.0% below the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Copyright© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Shadow Lakes, Gulf Breeze
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. Copyright© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Deemed reliable but not guaranteed.
Homes For Sale Right Now in Shadow Lakes
Live MLS inventory for Shadow Lakes. 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 Shadow Lakes listings as of 2026-09-21, priced high to low. Copyright© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Tap any home to ask about it.
Every Home for Sale in Shadow Lakes Right Now (2)
All 2 active and pending Shadow Lakes listings with a detail page, newest first, refreshed twice a day from the MLS.
- 5581 Shadow Shore Pl · $275,000 · 2 bd / 2 ba · listed Sep 19, 2026 · listed by Keller Williams Realty Gulf Coast
- 5519 Sea Spray Ct · $299,999 · 2 bd / 2 ba · listed Sep 2, 2026 · listed by BHHS Beach Properties of Florida
Shadow Lakes on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Pensacola MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Santa Rosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- West Navarre · Elementary
- WOODLAWN BEACH · Middle
- Soundside High School · High
Zoned schools reflect the assignments reported on recent Shadow Lakes listings and can change; always confirm with Santa Rosa County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Shadow Lakes address.
Shop the zone: Homes zoned for Gulf Breeze High School
Recent Developments in Shadow Lakes
Development, infrastructure, retail, and school activity affecting Shadow Lakes, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Development
Goldring Gulf Distributing plans expansion at Milton facility
Goldring Gulf Distributing filed plans to add 76,400 square feet to its existing 192,000 square foot beverage distribution facility in the Santa Rosa County Industrial Park in East Milton. The expansion would grow the company's footprint in Northwest Florida.
What it may mean for the marketEnlarges an established industrial and distribution operation within the Santa Rosa County Industrial Park and expands the county's industrial base. The project is about 21 miles northeast of Shadow Lakes, elsewhere in Santa Rosa County.
Source: Navarre Press - July 2026Development
Innisfree breaks ground on $100M Hampton Inn & Suites on Pensacola Beach
Innisfree Hotels broke ground on a $100 million, 215 room Hampton Inn and Suites at 20 Via De Luna Drive on Pensacola Beach, the former Clarion Hotel site. The 185,000 square foot project includes a pool with a lazy river and a two story restaurant and bar, with completion expected in early 2028.
What it may mean for the marketCompletes hotel buildout on Pensacola Beach and adds lodging capacity and a waterfront dining venue to the barrier island market. The site is about 2 miles south of Shadow Lakes.
Source: WEAR ABC 3 - May 2026Retail & Dining
Circle K convenience store planned for Navarre Parkway
Plans for a Circle K convenience store with a gas canopy were submitted to Santa Rosa County in May 2026 for a site at 8510 Navarre Parkway. The proposal is under review by county development services.
What it may mean for the marketAdds a fuel and convenience retail option along the Navarre Parkway commercial corridor and expands roadside services in the local market. The project is about 15 miles east of Shadow Lakes, elsewhere in Santa Rosa County.
Source: Navarre Press
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
The Shadow Lakes buying strategy.
If we were buying in Shadow Lakes 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 Shadow Lakes.
A closer look at the Shadow Lakes market
At a median of $220 per square foot, Shadow Lakes prices sit in a fairly defined band, so condition and updates — more than the list price — tend to separate one home from the next.
Inventory runs at 1.1 months of supply, a balanced market and the trailing-12-month median up 3% year over year. Homes that do trade take a median 29 days on market, useful leverage on any listing that has lingered.
The housing stock is 97 homes built between 1998 and 2018, and 73% of parcels are homesteaded — the owner-occupancy proxy in the Florida DOR assessment roll.
The location and the amenities are priced into every listing in Shadow Lakes. 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 Shadow Lakes 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 (8.0). Basis: Long-Term Appreciation +157% since 2012; Recent Direction +3.2% year-over-year; Liquidity & Demand 1.1 months of supply; Owner Commitment 73% owner-occupied; Pricing Power 96.3% sale-to-list. Refreshed with each data update.
HOA, CDD & Fees
- HOA dues reported around $26/month (about $312/yr) · median of 88 MLS listings, most billed annually
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $26 per month ($312 a year) — the median AssociationFee across 88 MLS records, normalised to a monthly figure; most are billed annually. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.
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 Shadow Lakes 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 Shadow Lakes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Shadow Lakes, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Shadow Lakes home worth?
Get a no-obligation home value based on real comparable sales in Shadow Lakes, 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 Gulf Breeze →
Frequently Asked Questions
What is the median home price in Shadow Lakes?
How long do homes in Shadow Lakes take to sell?
Is Shadow Lakes a buyer's or seller's market right now?
How many homes are in Shadow Lakes?
What share of Shadow Lakes is owner-occupied?
When were the homes in Shadow Lakes built?
Have Shadow Lakes home prices gone up?
Who is the best real estate agent for Shadow Lakes?
How do I find a top Gulf Breeze real estate agent who knows Shadow Lakes?
Can Momentum Realty connect me with an agent for Shadow Lakes?
Where is Shadow Lakes, and what county is it in?
Is Shadow Lakes in a flood zone?
Is Shadow Lakes a good place to live?
Data sources & freshness
| Live listings | Pensacola MLS, refreshed twice daily (last: September 21, 2026) |
| Community market stats | Pensacola MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (3 streets, ZIP 32563/32566)) |
| Under-contract shares | Pensacola MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2005 (362 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 Pensacola 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 Pensacola MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Shadow Lakes fits the bigger picture — live prices, inventory, and Momentum Scores:
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