The Waters
Homes for Sale in Gulf Breeze, FL
All 220 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 REAL ESTATE COUNSELORS · via Pensacola MLS
Over the 12 months ending 2026-09-20, 8 recorded sales closed at a median of $676,500, $275 per square foot, a median 20 days on market, sellers accepting 98% of original asking (-2% versus the prior year). Homes listed or recently sold were built 2017–2019; 11 of 11 report an HOA (median $42/mo); none of the 10 geocoded homes sit in a FEMA special flood hazard zone (median elevation 21 ft). At the median price and Santa Rosa County's FY2025-26 rate of 12.81 mills, annual property tax runs about $8,660 ($8,160 with the full homestead exemption).
| Location | Gulf Breeze, Santa Rosa County, FL · ZIP 32563 |
|---|---|
| Homes in the community | 106 (FL DOR 2025 assessment roll) |
| Years built | 2017–2020 (median 2018.5) |
| Typical living area | 3,044 sq ft (median) |
| Home types (current listings and sales) | single-family 100% |
| Amenities listed by sellers | Security System |
| Sale prices, last 12 months | $676,500 median across 8 closed sales · $275 per sq ft · -1.5% vs the prior 12 months |
| Days on market (closed sales) | 20 median |
| For sale right now | 0 active, 3 pending |
| Owner-occupied (homestead) share | 85% |
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, “The Waters key facts,” movewithmomentum.com/neighborhoods/the-waters, data as of September 20, 2026.
The Waters right now
🟡 Off the recent peak. The trailing-12-month median ($676K) is down 1.5% from the prior 12 months ($687K). With about a dozen 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 (8 and 6 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 21, 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
The Waters market snapshot (as of September 20, 2026): the median sale price is about $676K ($275 per sq ft over the trailing 12 months of closed sales), and a median 20 days on market for closed sales. The trailing-12-month median is down 2% from the prior 12 months, computed from record-level Pensacola MLS closed sales (8 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 10 qualified sales in The Waters across 2024–2025 (6 in 2024, 4 in 2025), median $695,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Flood zones in The Waters: of 10 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.
The Waters is a community of 106 homes in Gulf Breeze, Santa Rosa County, built between 2017 and 2020 (median 2018.5), with a median living area of about 3,044 square feet. 85% 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 The Waters. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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The WatersPhotos from Pensacola MLS listings in The Waters; 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 ($676K) IS the median in the snapshot above, and the move from 2025 ($687K) IS the -1.5% one-year change.
Windows contain 2 to 39 sales each (8 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.
The Waters Market Scorecard
The Waters is currently a balanced market (limited data). Limited supply, a median asking price of n/a.
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 The Waters, 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 The Waters
Live MLS inventory for 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.
Active and pending The Waters 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 The Waters Right Now (3)
All 3 active and pending The Waters listings with a detail page, newest first, refreshed twice a day from the MLS.
- 1410 Sabal Palm Dr · $765,000 · 4 bd / 3 ba · pending · listed Sep 14, 2026 · listed by Proventus Property Group LLC
- 1458 Sabal Palm Dr · $689,000 · 4 bd / 3 ba · pending · listed Sep 1, 2026 · listed by Re/Max Horizons Realty
- 1525 Sabal Palm Dr · $739,000 · 4 bd / 3 ba · pending · listed Jul 18, 2026 · listed by Real Broker, LLC
The Waters 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 The Waters 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 The Waters address.
Shop the zone: Homes zoned for Gulf Breeze High School · Homes zoned for Soundside High School
The The Waters buying strategy.
If we were buying in The Waters 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 The Waters.
A closer look at the The Waters market
At a median of $275 per square foot, The Waters prices sit in a fairly defined band, so condition and updates — more than the list price — tend to separate one home from the next.
The trailing-12-month median down 2% year over year. Homes that do trade take a median 20 days on market, useful leverage on any listing that has lingered.
The housing stock is 106 homes built between 2017 and 2020, and 85% 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 The Waters. 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 The Waters 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 3 factors (7.5). Basis: Recent Direction -1.5% year-over-year; Owner Commitment 85% owner-occupied; Pricing Power 97.7% sale-to-list. Refreshed with each data update.
HOA, CDD & Fees
- HOA dues reported around $42/month (about $504/yr) · median of 66 MLS listings, most billed annually
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $42 per month ($504 a year) — the median AssociationFee across 66 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 The Waters 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 The Waters sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in The Waters, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your The Waters home worth?
Get a no-obligation home value based on real comparable sales in The Waters, 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 The Waters?
How long do homes in The Waters take to sell?
How many homes are in The Waters?
What share of The Waters is owner-occupied?
When were the homes in The Waters built?
Who is the best real estate agent for The Waters?
How do I find a top Gulf Breeze real estate agent who knows The Waters?
Can Momentum Realty connect me with an agent for The Waters?
Where is The Waters, and what county is it in?
Is The Waters in a flood zone?
Is The Waters 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 (2 streets, ZIP 32563)) |
| Under-contract shares | Pensacola MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2017 (160 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.
Looking to buy here? Search homes for sale →
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how The Waters fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near The Waters with Momentum Realty’s local guides.