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Spencer Oaks Landing in Pace

Spencer Oaks Landing

Established 1988 · Intracoastal West · ZIP 32224

An established mid-2000s Pace subdivision with no HOA, below the county median, in A-rated schools.

No HOA, no CDDBelow county medianA-rated Pace schools
Live Market Pulse
69/100
Momentum
Balanced Market (limited data)
Tight supply keeps sellers in control, but dated interiors still trade at a discount, so condition is where buyers win.
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Unlock Off-Market Spencer Oaks Landing

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Pensacola MLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulsePensacola MLS
$315K
Median Price
1.7mo
Supply
43days
Avg DOM
Balanced
Seller Leverage
$156/sf
Median $/Sqft
-6%
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Spencer Oaks Landing is an established mid-2000s single-family subdivision in Pace, and its standout features are rare together: no HOA and no CDD, below-county-median pricing, and an A-rated Santa Rosa County school district. Homes are modest (roughly 1,500 to 1,800 square feet) and trade in the $275,000 to $350,000 range, below the county median around $370,000. The honest reads are that the homes are now on a 20-year systems cycle (original roofs and HVAC are aging out), no HOA means no architectural control over neighbors, the NAS Pensacola commute is longer than it looks, and the area market has softened. Buy it for the value, the zero-fee carry, and the schools; inspect the systems and confirm the flood zone."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Spencer Oaks Landing market snapshot (as of June 11, 2026): the median sale price is about $315K ($156 per sq ft), with homes averaging 43 days on market and 1.7 months of supply, a balanced market (limited data). Based on 7 recent closings in live Pensacola MLS data.

Spencer Oaks Landing is an established single-family subdivision in Pace, an unincorporated, fast-growing part of Santa Rosa County (32571), on Spencer Oaks Boulevard northwest of downtown Milton near the US-90 corridor.

The homes are detached single-family houses, generally three to four bedrooms around 1,500 to 1,800 square feet, built in multiple phases from roughly 2003 to 2005. It is a built-out, established neighborhood with no active builder; some listings display the city as Milton and others as Pace, but it is the same unincorporated location.

The carrying cost is unusually low: multiple listings confirm no HOA, and no CDD was found, so there are no mandatory community fees. The trade-off is no architectural control, neighbor upkeep varies.

The value is the appeal: pricing runs below the Santa Rosa County median in an A-rated school district, with quick I-10 and airport access. The trade-offs are aging 20-year-old systems on the original homes, a longer-than-it-looks NAS Pensacola commute, and a softer county market.

Quick Match

Who Spencer Oaks Landing is best for.

Best for

  • Value buyers who want a home with no HOA and no CDD in an A-rated district
  • Commuters who value quick I-10 and airport access from Pace
  • Buyers comfortable inspecting and updating a mid-2000s home

Probably not for

  • Buyers who want HOA architectural control and uniform upkeep
  • Buyers who need a large home (most are around 1,500 to 1,800 square feet)
  • Daily NAS Pensacola commuters (it is a 30-to-40-minute drive)
Market Pulse

How Spencer Oaks Landing is performing right now

69/100
momentum
Balanced Market (limited data)
Seller's marketBalancedBuyer's market
1.7Months of supplytight
43Median days on marketdays
2 : 1Under contract vs for salestrong demand
7Sold in last 12 monthsliquidity
+127%Median price since 2012appreciation
+14%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from Pensacola MLS, as of June 11, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Spencer Oaks Landing listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Spencer Oaks Landing buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Spencer Oaks Landing

Live MLS inventory for Spencer Oaks Landing. 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.

4806 Oscar Ln home for sale in Spencer Oaks LandingActive · 43 daysTop listing
$408,000
4 bd · 2 ba · 2,281 sqft · built 2003
4806 Oscar Ln, Pace, 32571
Reno opportunityBest valuePool
Listed by REMAX Select Partners
4898 Spencer Oaks Blvd home for sale in Spencer Oaks LandingPending · 8 days
$300,000
3 bd · 2 ba · 1,540 sqft · built 2004
4898 Spencer Oaks Blvd, Pace, 32571
Renovated
Listed by TEAM SANDY BLANTON REALTY, INC
4245 Frasier Ln home for sale in Spencer Oaks LandingPending · 35 days
$289,900
3 bd · 2 ba · 1,565 sqft · built 2001
4245 Frasier Ln, Pace, 32571
Listed by Coast To Country Realty

Active and pending Spencer Oaks Landing listings as of 2026-06-11, 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.

Interactive Map

Spencer Oaks Landing on the map.

Every active, pending, and recently sold home, plotted. Toggle the layers, color the dots by status or lot type, and tap a home for the details.

Listing locations from Pensacola MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

Nearby & Commute

How far is everything?

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive.

Drive times from Spencer Oaks Landing. They are approximate and vary with traffic and your exact start point.

Pace town center / US-90 retail~5-8 min · ~2-4 miles
I-10 (nearest access)~8-10 min · within ~5 miles
Pensacola International Airport (PNS)~16 min · ~11 miles
Downtown Pensacola~20-25 min · ~15 miles
NAS Whiting Field (Milton)~15-20 min · northeast
NAS Pensacola~30-40 min · southwest across the metro

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Spencer Oaks Landing with Momentum Realty’s local guides.

Floridatown HeightsFloridatown HeightsPace, FL · 0.5 miSpencers RidgeSpencers RidgePace, FL · 0.6 miSummerdaleSummerdalePace, FL · 0.6 miHidden ForestHidden ForestPace, FL · 0.9 miLakewood ManorLakewood ManorMilton, FL · 1.9 miJaimee'sRidgeJaimee'sRidgeMilton, FL · 1.9 miSouthlake at StonebrookSouthlake at StonebrookPace, FL · 1.9 miWoodbine FarmsWoodbine FarmsPace, FL · 1.9 miHeatherwoodHeatherwoodPace, FL · 1.9 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Spencer Oaks Landing (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Santa Rosa County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Spencer Oaks Landing is served by Santa Rosa County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Spencer Oaks Landing address.

The takeaway

What is actually shaping value in Spencer Oaks Landing, sourced and dated. The no-fee carry, below-median pricing, and Pace's growth are the practical facts.

Recent Developments in Spencer Oaks Landing

Development Intelligence

Our read on what is being built around Spencer Oaks Landing, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe backdrop is rapid Pace growth and an A-rated district, against a softening Santa Rosa County market that favors buyers. The recurring items are aging home systems and parcel-level flood exposure.

No HOA, no CDD, below-median pricing

BullishZero mandatory community fees and pricing below the county median in an A-rated district is a scarce value combination. impact
SignificanceRadius: Community

No HOA, no CDD, below-median pricing

Rapid Pace growth

NeutralPace continues to grow quickly, supporting demand but straining roads and schools; weigh near-term congestion against long-term investment. impact
SignificanceRadius: Pace

Rapid Pace growth

Softening Santa Rosa County market

NeutralThe county median eased modestly with longer days on market into 2025, giving prepared buyers negotiating room. impact
SignificanceRadius: Santa Rosa County

Softening Santa Rosa County market

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Spencer Oaks Landing, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. 2025
    Market

    Santa Rosa County market softens

    Into 2025 the Santa Rosa County median eased modestly year over year with days on market lengthening from about 69 to 77 days, a shift toward a buyer's market. Why it matters: Softer conditions give buyers room in established subdivisions like this one; price to recent in-neighborhood comps. Source

  2. 2024-2025
    Schools

    Santa Rosa County rated an A district

    Santa Rosa County District Schools earned an A rating for 2024-2025, with Pace-area schools (Pea Ridge, Avalon Middle, Pace High) rating well. Why it matters: A strong county district supports resale demand here; confirm the zoned schools for the specific address. Source

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 Strategy

The Spencer Oaks Landing buying strategy.

If we were buying in Spencer Oaks Landing, this is the order of operations we would run, and the one we run for our clients.

1

Inspect the 20-year-old systems. Original 2003-2005 roofs and HVAC are aging out; get a rigorous inspection and budget for the roof, HVAC, and water heater.

2

Confirm there is no HOA and no CDD. Multiple listings show no HOA; verify there are no deed restrictions or CDD for the specific parcel.

3

Verify the zoned schools. Confirm the assigned elementary, middle, and high school by address with the district.

4

Check the FEMA flood zone. Confirm the flood zone and insurance for the specific lot; parts of Santa Rosa County carry flood risk.

5

Weigh the commute honestly. NAS Pensacola is a 30-to-40-minute drive across the metro; make sure the location fits your work.

The Quick Decision
Best Buy
A well-kept home with an updated roof and HVAC, priced to recent in-neighborhood comps, capturing the zero-fee carry and the A-rated schools.
Biggest Risk
Inheriting aging systems you did not budget, or overpaying against a softening market.
Best Lot
Lots are similar; weigh what the home backs to and the drainage.
Smart Timing
A softer county market with longer days on market gives prepared buyers room; price to in-neighborhood comps.
Deep-Dive Intelligence

The full read, only if you want it.

The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Spencer Oaks Landing is an established single-family subdivision in Pace (unincorporated Santa Rosa County, 32571), on Spencer Oaks Boulevard near the US-90 corridor, built in phases from about 2003 to 2005. The homes are detached three- and four-bedroom houses (roughly 1,500 to 1,800 square feet); it is a built-out neighborhood with no active builder. The carry is unusually low, with no HOA (confirmed across listings) and no CDD found. The value is below-county-median pricing in an A-rated Santa Rosa County school district with quick I-10 and airport access. Trade-offs are aging 20-year-old systems on the original homes, no architectural control, a longer NAS Pensacola commute, and a softer county market. Schools are in the Santa Rosa County School District; confirm assignments by address.

Spencer Oaks Landing Homes For Sale

What your money buys in Spencer Oaks Landing.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Here are the broad resale bands in Spencer Oaks Landing today. The right home is the one matched to your budget and the renovation math, so seeing fitting listings early is the edge.

Entry: smaller homes needing updates
$258K to $280K

The lower end is the smaller three-bedroom homes needing roof or systems updates, with listings reported from around $275,000 (ERA / Redfin, 2026). The renovation budget is the variable on aging stock.

Lowest entry
Mid: updated three- and four-bedroom homes
$280K to $320K

The core is updated three- and four-bedroom homes (around 1,600 to 1,800 square feet), with listings in the $290,000s to $350,000s (Redfin / Realty.com, 2026), below the county median around $370,000.

Most inventory
High: larger or fully updated homes
$320K to $380K

The top is the larger or fully updated homes, reaching toward the low $400,000s (BEX Realty, 2025-2026). Condition and updates, not size alone, separate these.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

See Off-Market & Private Listings
What Your Money Buys

What ~$315K buys here.

Three realistic price bands. Where a home lands comes down to condition and lot, not square footage alone.

$258K to $280K
Entry: smaller homes needing updates
The lower end is the smaller three-bedroom homes needing roof or systems updates, with listings reported from around $275,000 (ERA / Redfin, 2026). The renovation budget is the variable on aging stock.
$280K to $320K
Mid: updated three- and four-bedroom homes
The core is updated three- and four-bedroom homes (around 1,600 to 1,800 square feet), with listings in the $290,000s to $350,000s (Redfin / Realty.com, 2026), below the county median around $370,000.
$320K to $380K
High: larger or fully updated homes
The top is the larger or fully updated homes, reaching toward the low $400,000s (BEX Realty, 2025-2026). Condition and updates, not size alone, separate these.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

Operator Intelligence

Renovation & Resale Intelligence

The factors that actually move value in Spencer Oaks Landing, condition, lot, and the renovation math, read from current listings and recent sales.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Proprietary Data

The renovation premium.

Updated homes ask about 7% more per square foot than original-condition homes, and they tend to sell faster. In an all-resale market, condition is the single biggest swing in value, which is why reading the renovation math is the whole game.

Asking price per square foot
Renovated$195
Original$182
Median days on market
Renovated8
Original39

From current Spencer Oaks Landing listings (renovated 1, original 2); condition inferred from listing descriptions, asking not closed figures. The exact number depends on a specific home's updates, lot, and view, which is the read we do before you offer.

Jon Brooks, Momentum Realty
Operator Note

The trap here is a beautifully staged original-condition home. Staging is cheap; a roof, HVAC, and a full modernization are not. We price the real renovation before you fall for the listing photos, because in an all-resale market that number is the difference between a deal and the most expensive house on the street.

Lot Value

The lot premium.

On a preferred homesite (water, preserve, corner, or a larger lot), the homesite is the part of your money the market gives back at resale. The house can be renovated; the lot cannot, so premium lots hold their value better than interior ones. How much more they command varies by frontage, view, and condition, which is why we read it home by home against real comparable sales rather than a single headline figure.

Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

Resale Strength Scorecard

How well Spencer Oaks Landing holds value.

Our read on the factors that protect resale here, and the one to manage.

No CDD on the tax billStrong
Central Intracoastal West locationStrong
Scarce golf and lake homesitesStrong
$30M club reinvestment to 2028Positive
All-resale 1990s conditionManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Spencer Oaks Landing

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

Spencer Oaks Landing1

Calling the listing agent

The agent on the sign works for the seller. In a market where condition swings price by hundreds of thousands, negotiating against that agent with no one in your corner is the costliest move of all.

Spencer Oaks Landing2

Misjudging the renovation math

A dated home looks like a deal until you price the roof, HVAC, pool, and full modernization honestly. Underbudget the reno and the bargain becomes the expensive house.

Spencer Oaks Landing3

Overpaying for an interior lot

A premium homesite (water, preserve, or a preferred position) carries a real, durable premium. Pay a top price for an interior lot and you are buying the weakest version of the value.

Spencer Oaks Landing4

Underbudgeting the carrying costs

Two similar homes can cost very differently to own once the HOA, any CDD, insurance, and upkeep are priced in. Buyers who do not run the full monthly carrying cost misread the real number.

Spencer Oaks Landing5

Skipping the systems check

An older home means older systems unless updated. Roof age, HVAC age, pool equipment, and prior renovations drive both price and insurability, and a thorough inspection matters more here than in a new build.

“

Spencer Oaks Landing is no-fee value in an A-rated district. The honest read is the aging 20-year systems and a longer NAS commute, not the carry.

Jon Brooks · Founder, Momentum Realty
Momentum Intelligence

Momentum Buy Score.

Our proprietary 0 to 10 read across the five factors that decide how a home here buys, holds, and resells.

7.5B+ · Buy Score
Resale Strength7.6/10
Renovation Risk6.4/10
Location Efficiency7.4/10
Long-Term Defensibility7.4/10
Carrying Cost Advantage8.6/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Momentum Housing Intelligence

Why our read on Spencer Oaks Landing is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Pensacola MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Pensacola MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.
About the analyst · Our methodology

Which Lots & Views Hold Value Best

Proprietary Data · Lot Value Map

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Pensacola MLS; for orientation, not an appraisal.

15-Second Take
  • Lots are similar; check what each backs to.
  • Weigh drainage on the specific lot.
  • Confirm the FEMA flood zone for the address.

Spencer Oaks Landing's lots are similar mid-2000s parcels, so the lot read is about the margins: what the home backs to, how the lot drains, and the FEMA flood zone for the specific Pace address. On established homes, the lot and the condition of the roof and systems, not square footage alone, separate one home's value from the next.

The 15-Second Verdict

Spencer Oaks Landing in 15 seconds.

Best forValue buyers who want no HOA and no CDD in an A-rated Pace school district below the county median.
Strong onCarry and value: zero mandatory fees, below-median pricing, A-rated schools, and quick I-10 and airport access.
WatchAging 20-year systems on original homes, no architectural control, a longer NAS commute, and a softer market.
Not forBuyers who want HOA control, a large home, or a short NAS Pensacola commute.
The edgeZero fees plus a softer market lets a prepared buyer who inspects well capture an A-rated zone below the median.

HOA, CDD & Fees

15-Second Take
  • No HOA, confirmed across listings.
  • No CDD found; verify per parcel.
  • Mid-2000s homes; budget roof and HVAC.
  • Below the county median in an A-rated district.
  • No architectural control over neighbors.

There is no HOA, confirmed across multiple listings, and no CDD was found, so there are no mandatory community fees, a genuine cost advantage. Confirm there are no deed restrictions or CDD for the specific parcel. The real costs are the upkeep of a mid-2000s home, taxes, and insurance.

There are no HOA-funded services or amenities, and no architectural control, so neighbor upkeep varies. Verify any deed restrictions per property.

There is no club or amenity package; the appeal is the zero-fee carry, the value, and the A-rated school district.

Run Your Numbers

Tools for a Spencer Oaks Landing buy.

Free calculators to pressure-test the real cost before you tour.

Mortgage paymentPrincipal, interest, taxes, and insurance on a specific price.Property taxSanta Rosa County millage and the homestead picture.Rent vs buyThe breakeven on owning in Spencer Oaks Landing.Save Our HomesProject your homestead tax cap over time.
The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Selling in Spencer Oaks Landing

Selling in Spencer Oaks Landing? Lead with the no-fee carry and the schools.

Your home's edge is zero mandatory fees and an A-rated school zone below the county median. Document an updated roof and systems and the schools, then price to recent in-neighborhood comps in a softer market.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Spencer Oaks Landing, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Spencer Oaks Landing, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Spencer Oaks Landing home worth?

Get a no-obligation home value based on real comparable sales in Spencer Oaks Landing matched to your condition, lot, and view, 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 the full Spencer Oaks Landing home value & selling guide, recent comps, fees, and 2026 timing →

Real comps, not a Zestimate.

Price History: What Homes Here Have Actually Sold For

Median sale prices in Spencer Oaks Landing year by year since 2012, from closed MLS sales. A long track record beats a single estimate, showing what this community has really done through rate cycles rather than what a model predicts.

Spencer Oaks Landing Market Scorecard

Strong seller's market

Spencer Oaks Landing is currently a strong seller's market. About 1.7 months of supply, a median asking price of $408,000, and homes go under contract in about 43 days.

1.7
Months supply
$408,000
Median list
$315,000
Median sold
$179
Per sqft
43
Days on mkt
1/2/7
Active/Pend/Sold

Typical home value in the 32571 ZIP is $327,859, about 25.9% below the Florida norm (Zillow Home Value Index).

Zoom out for the wider market: ZIP market scorecard · county scorecard.

Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Does Spencer Oaks Landing have an HOA or CDD?
No. Multiple listings confirm there is no HOA, and no CDD was found, so there are no mandatory community fees, a genuine cost advantage. Confirm there are no deed restrictions for the specific parcel.
How old are the homes in Spencer Oaks Landing?
Most were built in phases from about 2003 to 2005, so original roofs and HVAC are now aging out. Inspect the systems and budget for updates.
How much do homes in Spencer Oaks Landing cost?
Listings ran roughly $275,000 to the low $400,000s depending on size and condition (Redfin / ERA / BEX Realty, 2025-2026), below the Santa Rosa County median around $370,000. Confirm current pricing with recent in-neighborhood comps.
What schools serve Spencer Oaks Landing?
It is in the A-rated Santa Rosa County School District, typically Pea Ridge Elementary, Avalon Middle, and Pace High. Assignment is by address, so confirm the zoned schools with the district.
Is the city Pace or Milton?
It is the same unincorporated Santa Rosa County location; some listing platforms display the mailing city as Milton and others as Pace. Either way it is in the Pace area near US-90.
Is Spencer Oaks Landing gated?
No. It is an open, established subdivision with no HOA, not gated.
How is the commute from Spencer Oaks Landing?
I-10 is within about five miles, the airport about sixteen minutes, downtown Pensacola twenty to twenty-five, and NAS Whiting Field fifteen to twenty. NAS Pensacola is a longer thirty-to-forty-minute drive across the metro.
Is Spencer Oaks Landing in a flood zone?
Flood risk in Santa Rosa County is parcel-specific. Confirm the FEMA flood zone and insurance for the specific lot before buying.
Is there new construction in Spencer Oaks Landing?
No. It is an established mid-2000s subdivision; purchases are resales. New construction in Pace is concentrated in newer communities nearby.
What should I check before buying in Spencer Oaks Landing?
Inspect the 20-year-old roof and systems, confirm there is no HOA or CDD and any deed restrictions, verify the school zoning, check the FEMA flood zone and insurance, and comp to recent in-neighborhood sales.
Is Spencer Oaks Landing a good investment?
The zero-fee carry, below-median pricing, and A-rated schools support steady demand, but aging systems and a softer market are factors. Inspect well and buy to comps; this is not a guarantee of future value.
Should I use the listing agent to buy in Spencer Oaks Landing?
No. The listing agent works for the seller. On a 20-year-old home where systems swing value, having your own representation to read the inspection and comps is the highest-leverage decision you make.
The Verdict

Should you buy in Spencer Oaks Landing?

An honest fit check. We will tell you when it is not your community.

You want a home with no HOA and no CDD in an A-rated districtExcellent fit
You value quick I-10 and airport access from PaceExcellent fit
You are comfortable inspecting and updating a mid-2000s homeExcellent fit
You want HOA architectural control and uniform upkeepProbably not
You need a large homeProbably not
You commute daily to NAS PensacolaProbably not

Get the inside read on Spencer Oaks Landing

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Spencer Oaks Landing home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

By pressing Get My Spencer Oaks Landing Game Plan, you agree that EAB RE INVESTMENTS LLC (Momentum Realty) and its agents may call and text you about your inquiry, which may involve automated means and prerecorded or artificial voices, at the number you provided. You do not need to consent as a condition of buying any property, goods, or services. Message and data rates may apply. Message frequency may vary. Reply STOP to opt out, HELP for help. You also agree to our Privacy Policy and SMS Terms.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Spencer Oaks Landing specialist will reach out personally, usually the same day.

Spencer Oaks Landing median home price history from 2012 to 2026 — chart by Momentum Realty
Median sale price in Spencer Oaks Landing, Florida by year (2012–2026). Source: Momentum Realty.
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Listing data provided by the Multiple Listing Service of the Pensacola Association of REALTORS®. Information deemed reliable but not guaranteed.

Zoom out before you decide: see the Pensacola area market guide or every community in the Neighborhood Finder.

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Compare before you commit — every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Pensacola, Escambia & Santa Rosa or the full Neighborhood Finder.

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