Buying or selling? Call (904) 351-6461
The Reserve at The Waters in Gulf Breeze

The Reserve
at The Waters

New construction · Gulf Breeze · ZIP 32563

DSLD Homes new construction on Soundside Drive, near the Intracoastal and a waterfront park.

New constructionSoundside DriveA-rated schools
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
The Reserve at The Waters is an actively building DSLD Homes community, so phase, floor plan, lot, and builder incentives set where a home lands; confirm current pricing and inclusions with the builder.
Free · No obligation
Unlock Off-Market The Reserve at The Waters

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
$925K
Median Price
0mo
Supply
58days
Avg DOM
Soft
Seller Leverage
$268/sf
Median $/Sqft
-6%
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"The Reserve at The Waters is a DSLD Homes community on Soundside Drive in popular Gulf Breeze, near the Intracoastal Waterway and a Soundside Drive community waterfront park for kayaking and swimming, in the A-rated Santa Rosa school county. The read is standard new-build discipline, phase, lot, and incentives, with the Soundside location, the waterfront park, and the schools as the backdrop. Lot selection is the lever."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

The Reserve at The Waters market snapshot (as of June 11, 2026): the median sale price is about $925K ($268 per sq ft), a buyer-leaning market (limited data). Based on 2 recent closings in live Pensacola MLS data.

The Reserve at The Waters is a DSLD Homes new-construction community on Soundside Drive in Gulf Breeze, Santa Rosa County (ZIP 32563), near the Intracoastal Waterway.

Third-party descriptions note high-quality homes with open floor plans and amenities including wood floors, custom tile showers, granite countertops, and gas fireplaces, with a Soundside Drive community offering a 40-acre waterfront park for kayaking and swimming. As builder product, plans and pricing move with phase and inventory.

Because it is actively building, lot choice is widest now, and the lot and phase you buy in drive resale as much as the floor plan.

The Soundside location pairs top-rated Santa Rosa schools with quick access to the water, Pensacola Beach, and the Gulf Breeze corridor.

Quick Match

Who The Reserve at The Waters is best for.

Best for

  • Buyers who want new construction near the water in Gulf Breeze
  • Buyers who want top-rated Santa Rosa schools
  • Buyers who want modern features and a community waterfront park
  • Buyers who want current lot choice in a building community

Probably not for

  • Buyers who want an established, mature neighborhood
  • Buyers who want a private waterfront lot only
  • Buyers who want a large custom or estate home
  • Buyers who want an urban, walkable setting
Market Pulse

How The Reserve at The Waters is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
0Months of supplytight
66Median days on marketdays
0 : 0Under contract vs for salestrong demand
2Sold in last 12 monthsliquidity
+127%Median price since 2012appreciation
+0%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 The Reserve at The Waters 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 The Reserve at The Waters buys, holds, and resells. See the five factors.

Homes For Sale Right Now in The Reserve at The Waters

Live MLS inventory for The Reserve at The Waters. 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.

1346 Lombardy Dr home for sale in The Reserve at The WatersSold
$925,000
5 bd · 3.5 ba · 3,365 sqft · built 2018
1346 Lombardy Dr, Gulf Breeze, 32563
Listed by Engel & Volkers Pensacola
1336 Lombardy Dr home for sale in The Reserve at The WatersSold
$925,000
5 bd · 4 ba · 3,543 sqft · built 2018
1336 Lombardy Dr, Gulf Breeze, 32563
Listed by Levin Rinke Realty

No homes are actively for sale in The Reserve at The Waters right now, so its recent closed sales are shown, 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

The Reserve at The Waters 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 Reserve at The Waters offers new construction on Soundside Drive near the water, with top schools and the beaches close.

Drive times from The Reserve at The Waters. The Soundside location keeps the waterfront park, shopping, and the beaches close.

Soundside waterfront park~2 to 5 min · kayaking and swimming
Navarre (US 98) retail~10 min · shopping and dining
Pensacola Beach~20 to 25 min · via Gulf Breeze
Gulf Breeze proper~15 min · services
Hurlburt Field~25 to 30 min · military
Downtown Pensacola~30 to 35 min · via Gulf Breeze

Drive times are approximate and vary with traffic and your exact departure point. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near The Reserveat The Waters with Momentum Realty’s local guides.

Soundside MooringsSoundside MooringsGulf Breeze, FL · 0.2 miWoodlawn BeachWoodlawn BeachGulf Breeze, FL · 0.4 miWater LeafWater LeafGulf Breeze, FL · 0.5 miQuayside VillageQuayside VillageGulf Breeze, FL · 0.9 miWoodlawn HeightsWoodlawn HeightsGulf Breeze, FL · 0.9 miBay PinesBay PinesGulf Breeze, FL · 1.3 miSmugglers CoveSmugglers CoveGulf Breeze, FL · 1.3 miBarbarosaRanchettesBarbarosaRanchettesGulf Breeze, FL · 1.4 miSoundsideSoundsideGulf Breeze, FL · 1.4 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
The Reserve at The Waters (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

The Reserve at The Waters 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 The Reserve at The Waters address.

The takeaway

What shapes value around The Reserve at The Waters: Santa Rosa County's sustained growth, the A-rated school district's capacity expansion, and the area's value relative to the coast. Each item is sourced and linked.

Recent Developments in The Reserve at The Waters

Development Intelligence

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

Net OutlookBullishSanta Rosa's schools and growth support demand. The watch items are condition on a varied stock and statewide insurance costs.

Santa Rosa among the fastest-growing counties

2025
BullishMajor impact
SignificanceRadius: County

Sustained population growth supports demand across the county.

A-rated district expanding capacity

2026
BullishMajor impact
SignificanceRadius: County

An A-rated district adding capacity, including a new high school, is a durable draw.

Value relative to the coast

Ongoing
BullishNotable impact
SignificanceRadius: Area

Prices below the coastal communities keep the area attractive to value buyers.

Convenient access to Pensacola and the beaches

Ongoing
BullishNotable impact
SignificanceRadius: Area

Reasonable access to jobs and the Gulf keeps the buyer pool broad.

Varied housing stock

Ongoing
NeutralNotable impact
SignificanceRadius: Community

A varied stock means condition and the lot, not a single standard, set pricing.

Florida insurance costs

Ongoing
BearishNotable impact
SignificanceRadius: Area

Rising statewide insurance is a carrying-cost factor to confirm early.

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 The Reserve at The Waters, 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. March 2025
    Growth

    Santa Rosa County posts strong population growth

    Census-based reporting showed Santa Rosa County among Gulf Coast counties gaining population in 2025, part of a multi-year surge driving heavy demand. Why it matters: Sustained growth supports demand for The Reserve at The Waters. Source

  2. January 2026
    Schools

    Santa Rosa adds school capacity as population surges

    With the A-rated district straining on capacity, Santa Rosa County moved to add schools, including Soundside High School opening in fall 2026 with room for 1,800 students. Why it matters: An A-rated district adding capacity supports values in the area. 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 The Reserve at The Waters buying strategy.

If we were buying in The Reserve at The Waters, this is the order of operations we would run, and the one we run for our clients.

1

Compare lot and phase, not just floor plan. In a building community, the lot and phase drive resale as much as the model.

2

Get the builder incentives in writing. Rate buydowns and closing-cost help change quarter to quarter.

3

Confirm the HOA dues and whether a CDD applies, and verify the zoned schools by address.

4

Confirm the build timeline and warranty, plus what conveys with the home.

5

Cross-shop a peer, and weigh Kassandra Estates nearby.

The Quick Decision
Best Buy
A well-positioned lot with current builder incentives
Biggest Risk
Overpaying for an interior lot in an early phase
Best Lot
Larger and perimeter lots over standard interior lots
Smart Timing
Confirm this quarter's builder incentives and phase pricing
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

The Reserve at The Waters is a DSLD Homes new-construction community on Soundside Drive in Gulf Breeze, near the Intracoastal Waterway, with high-quality homes (wood floors, custom tile showers, granite countertops, gas fireplaces) and a Soundside Drive community 40-acre waterfront park for kayaking and swimming. As builder product, pricing and finishes move with phase and inventory, so the durable value is lot selection and how well you buy. The Soundside location pairs top schools with quick water and beach access. Confirm current plans, dues, any CDD, and builder incentives directly.

The Reserve at The Waters Homes For Sale

What your money buys in The Reserve at The Waters.

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 The Reserve at The Waters today. The right home is the one matched to your budget and the renovation math, so seeing fitting listings early is the edge.

The Entry Build
$925K to $925K

Smaller plans on standard lots, the value entry into the community.

Lowest entry
The Core Build
$925K to $925K

Mid-size plans on stronger lots with current builder incentives, the heart of the market here.

Most inventory
The Larger Home
$925K to $925K

The larger plans on the best lots in the community, the homes that should hold value best at resale.

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 ~$925K buys here.

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

$925K to $925K
The Entry Build
Smaller plans on standard lots, the value entry into the community.
$925K to $925K
The Core Build
Mid-size plans on stronger lots with current builder incentives, the heart of the market here.
$925K to $925K
The Larger Home
The larger plans on the best lots in the community, the homes that should hold value best at resale.

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 The Reserve at The Waters, 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.

Renovated-listing inventory in The Reserve at The Waters is too thin right now to compute a reliable renovation premium. We read condition home by home against real comps before you offer.

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 The Reserve at The Waters holds value.

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

New construction near the waterStrong
Top-rated Santa Rosa schoolsStrong
Community waterfront parkPositive
Builder warranty and new systemsPositive
Competing new-construction supplyManage 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 The Reserve at The Waters

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.

The Reserve at The Waters1

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.

The Reserve at The Waters2

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.

The Reserve at The Waters3

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.

The Reserve at The Waters4

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.

The Reserve at The Waters5

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.

“

The build is new and the new build is the draw. The deal is won or lost on the lot, the phase, and the incentives you negotiate.

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.

8.2B+ · Buy Score
Resale Strength8.2/10
Renovation Risk9.0/10
Location Efficiency8.4/10
Long-Term Defensibility8.0/10
Carrying Cost Advantage7.4/10

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 The Reserve at The Waters 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
  • Lot and phase drive resale, not just plan
  • Larger and perimeter lots hold value best
  • Lot and phase selection drive resale
  • Builder incentives change quarter to quarter
  • Buy the lot right and the rest follows

In an actively building community, the lot and the phase are what you cannot change later. A larger or perimeter lot is the durable advantage over a standard interior homesite next to builder inventory. Read the lot and the phase first, negotiate current incentives, and price the build against real comps rather than the builder's moving base price.

The 15-Second Verdict

The Reserve at The Waters in 15 seconds.

Best forBuyers who want new construction near the water in top-rated Gulf Breeze schools.
Biggest advantageModern new homes on Soundside Drive with a community waterfront park.
Biggest riskBuying the wrong lot or phase, or leaving builder incentives on the table.
Sweet spotA well-located lot bought with current incentives and a locked rate.
Avoid ifYou want an established neighborhood, a private waterfront lot, or a large estate.

HOA, CDD & Fees

15-Second Take
  • DSLD Homes new-construction community
  • Soundside Drive near the Intracoastal
  • Community waterfront park nearby
  • Lot and phase drive resale value
  • Top-rated Santa Rosa schools

The Reserve at The Waters is an HOA community; confirm the current dues, what they cover, and any builder-to-owner transition with the association or builder. Confirm whether a CDD applies per parcel.

Common-area maintenance and any community amenities; confirm exact inclusions in the current documents.

Run Your Numbers

Tools for a The Reserve at The Waters 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 The Reserve at The Waters.Save Our HomesProject your homestead tax cap over time.
The takeaway

In The Reserve at The Waters your lot, plan, and upgrades decide your number; we price against real comps, not the builder's moving base price.

Selling in The Reserve at The Waters

Price it to the lot and the upgrades, not the builder's last base price.

If you are reselling in The Reserve at The Waters, the right list price comes from recent comparable sales and your home's specific lot, plan, and upgrades, not the builder's current base pricing on a newer phase.

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 The Reserve at The Waters, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Kassandra Estates, 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 The Reserve at The Waters home worth?

Get a no-obligation home value based on real comparable sales in The Reserve at The Waters 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 The Reserve at The Waters 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 The Reserve at The Waters 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.

The Reserve at The Waters Market Scorecard

No active listings

The Reserve at The Waters is currently a no active listings. Limited supply, a median asking price of n/a.

n/a
Months supply
n/a
Median list
$925,000
Median sold
n/a
Per sqft
n/a
Days on mkt
0/0/2
Active/Pend/Sold

Typical home value in the 32563 ZIP is $402,402, about 16.7% 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

Where is The Reserve at The Waters?
The Reserve at The Waters is a DSLD Homes new-construction community in Gulf Breeze, Santa Rosa County (ZIP 32563), on Soundside Drive near the Intracoastal.
Who builds homes in The Reserve at The Waters?
The Reserve at The Waters is built by DSLD Homes. Plans, finishes, and pricing are set by the builder and move with phase and inventory, so confirm current options directly.
What do homes cost in The Reserve at The Waters?
This is a builder-priced market. Confirm current base prices, lot premiums, and incentives directly with the builder.
Does The Reserve at The Waters have an HOA?
Confirm the current dues, what they cover, the builder-to-owner transition, and whether a CDD applies.
Is The Reserve at The Waters new construction?
Yes. It is an actively building community with completed and to-be-built homes. Confirm current availability and builder terms.
What schools serve The Reserve at The Waters?
It is part of Santa Rosa County Schools, a district rated A by the state. School assignment is by address, so confirm the exact zoning for a specific home.
What amenities are near The Reserve at The Waters?
Third-party descriptions note a Soundside Drive community waterfront park (about 40 acres) for kayaking and swimming, near the Intracoastal Waterway. Confirm the current community amenities, plans, and pricing with the builder.
Is there a CDD in The Reserve at The Waters?
Confirm whether a Community Development District applies to a specific parcel as part of your due diligence.
Is The Reserve at The Waters good for first-time buyers?
New construction with a builder warranty appeals to value and first-time buyers. Confirm the lot, plan, and incentives on a specific home.
How many homes are in The Reserve at The Waters?
It is an actively building community, so the count grows over time. Confirm the current number of completed and available homes with the builder.
Is The Reserve at The Waters a good investment?
New construction in a growing area supports the community. As with any new-construction market, the specific lot, phase, and how you buy drive the outcome; this is not a guarantee of future value.
What should I check before buying in The Reserve at The Waters?
The lot and phase, the floor plan and inclusions, current incentives, the HOA dues and any CDD, school zoning, and a comparable-sales read.
Should I use the builder's agent to buy in The Reserve at The Waters?
The on-site agent represents the builder. Bringing your own representation costs you nothing in most cases and gives you an advocate on price, incentives, lot selection, and the contract.
The Verdict

Should you buy in The Reserve at The Waters?

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

Buyers who want new construction near the water in Gulf BreezeExcellent fit
Buyers who want top-rated Santa Rosa schoolsExcellent fit
Buyers who want modern features and a community waterfront parkExcellent fit
Buyers who want current lot choice in a building communityExcellent fit
Buyers who want an established, mature neighborhoodProbably not
Buyers who want a private waterfront lot onlyProbably not
Buyers who want a large custom or estate homeProbably not
Buyers who want an urban, walkable settingProbably not

Get the inside read on The Reserve at The Waters

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your The Reserve at The Waters 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 The Reserve at The Waters 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 The Reserve at The Waters specialist will reach out personally, usually the same day.

The Reserve at The Waters median home price history from 2012 to 2026 — chart by Momentum Realty
Median sale price in The Reserve at The Waters, 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.

More Gulf Breeze & Pensacola, Escambia & Santa Rosa guides

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.

Talk to a Local The Reserve at The Waters Expert
Call Get Listings