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The Waters in Gulf Breeze

The Waters

Established 1988 · Intracoastal West · ZIP 32224

A newer, French-Acadian DSLD Homes community on Soundside Drive in Gulf Breeze, Santa Rosa County, near Santa Rosa Sound and a waterfront park.

New constructionGulf Breeze, Santa Rosa CountyNear the Sound and a waterfront park
Live Market Pulse
59/100
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.
Free · No obligation
Unlock Off-Market 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
$668K
Median Price
4mo
Supply
26days
Avg DOM
Balanced
Seller Leverage
$257/sf
Median $/Sqft
-6%
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"The Waters reads as a newer DSLD Homes community on Soundside Drive in Gulf Breeze, ZIP 32563, near Santa Rosa Sound, described as French-Acadian-style homes with open floor plans and finishes such as wood floors, custom tile showers, granite, and gas fireplaces (newhomespensacolafl.com; mygulfcoastlife.com, 2026). The Soundside Drive area is reported to include a 40-acre waterfront park for kayaking and swimming, in the top-rated Gulf Breeze school zone. The buy is the specific home and lot: confirm the floor plan and finishes, the HOA dues and what they cover, the lot and any flood determination, and comp it against the closest comparable Gulf Breeze sale and current builder offerings."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

The Waters market snapshot (as of June 11, 2026): the median sale price is about $668K ($257 per sq ft), with homes averaging 26 days on market and 4.0 months of supply, a balanced market (limited data). Based on 9 recent closings in live Pensacola MLS data.

The Waters is a newer single-family community by DSLD Homes on Soundside Drive in Gulf Breeze, Santa Rosa County, ZIP 32563, near Santa Rosa Sound (newhomespensacolafl.com; mygulfcoastlife.com, 2026).

Third-party sources describe French-Acadian-style homes with open floor plans and finishes such as wood floors, custom tile showers, granite countertops, and gas fireplaces, so compare strictly by plan, size, finish level, and lot rather than a community average (newhomespensacolafl.com, 2026).

The Soundside Drive setting is reported to include a 40-acre waterfront park for kayaking and swimming near the Intracoastal Waterway, with large oaks, in the top-rated Gulf Breeze school zone (newhomespensacolafl.com, 2026).

It is served by the Santa Rosa County School District; assignments are set by address, so confirm the current zoned schools with the district.

Quick Match

Who The Waters is best for.

Best for

  • Buyers who want a newer, character-built home near Santa Rosa Sound in Gulf Breeze
  • Buyers who value a waterfront park, the Sound, and a top-rated Gulf Breeze school zone
  • Buyers comparing builder floor plans who want to pick plan, lot, and finishes

Probably not for

  • Buyers who want an established, mature-tree neighborhood or a direct-waterfront lot
  • Buyers who want a large resort-amenity or golf community
  • Anyone unwilling to confirm the HOA dues, the lot, and any flood determination
Market Pulse

How The Waters is performing right now

59/100
momentum
Balanced Market (limited data)
Seller's marketBalancedBuyer's market
4Months of supplytight
15Median days on marketdays
1 : 3Under contract vs for salestrong demand
9Sold in last 12 monthsliquidity
+127%Median price since 2012appreciation
+15%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 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 Waters buys, holds, and resells. See the five factors.

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.

4728 Foxtail Palm Dr home for sale in The WatersActive · 0 daysTop listing
$725,000
4 bd · 3 ba · 2,622 sqft · built 2019
4728 Foxtail Palm Dr, Gulf Breeze, 32563
Strong resaleReno opportunityBest value
Listed by Levin Rinke Realty
4712 Foxtail Palm Dr home for sale in The WatersActive · 62 days
$705,000
5 bd · 2.5 ba · 2,378 sqft · built 2017
4712 Foxtail Palm Dr, Gulf Breeze, 32563
Strong resaleLakefrontPool
Listed by Savvy Avenue, LLC
1312 Sabal Palm Dr home for sale in The WatersActive · 15 days
$695,000
4 bd · 3 ba · 2,362 sqft · built 2017
1312 Sabal Palm Dr, Gulf Breeze, 32563
Reno opportunityBest valuePool
Listed by Levin Rinke Realty
1513 Sabal Palm Dr home for sale in The WatersPending · 25 days
$750,000
4 bd · 3 ba · 2,654 sqft · built 2018
1513 Sabal Palm Dr, Gulf Breeze, 32563
Strong resaleReno opportunityBest value
Listed by Real Broker, LLC

Active and pending The Waters 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

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

Drive times from The Waters. They are approximate and vary with traffic and your exact start point.

Santa Rosa Sound / Soundside park~2 to 6 min · the water
U.S. Highway 98 (Gulf Breeze Parkway)~3 to 8 min · the corridor
Pensacola Beach~15 to 25 min · the coast
Downtown Pensacola~25 to 35 min · employers
Navarre~12 to 20 min · services
Naval Air Station Pensacola~25 to 35 min · military

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 The Waters with Momentum Realty’s local guides.

Bay WoodsBay WoodsGulf Breeze, FL · 0.1 miTiger PointTiger PointGulf Breeze, FL · 0.5 miTiger Point VillageTiger Point VillageGulf Breeze, FL · 0.6 miSanta RosaShores EastSanta RosaShores EastGulf Breeze, FL · 0.6 miSanta Rosa ParkSanta Rosa ParkGulf Breeze, FL · 0.6 miVenetian IslesVenetian IslesGulf Breeze, FL · 0.6 miWillowoodWillowoodGulf Breeze, FL · 0.6 miSoundwindSoundwindGulf Breeze, FL · 0.7 miSVSandpiper VillageGulf Breeze, FL · 0.8 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 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 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 Waters address.

The takeaway

What is actually shaping value in The Waters, sourced and dated. We do not publish rumor.

Recent Developments in The Waters

Development Intelligence

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

Net OutlookBullishA newer, character-built community whose value tracks the specific home and a Gulf Breeze location near the Sound and a waterfront park, with a top-rated school zone as a durable draw.

Sound proximity and a waterfront park

BullishMajor impact
SignificanceRadius: Soundside Gulf Breeze

Proximity to Santa Rosa Sound and a reported 40-acre waterfront park for kayaking and swimming is a scarce, durable draw in Gulf Breeze (newhomespensacolafl.com, 2026).

Top-rated Gulf Breeze school zone

BullishNotable impact
SignificanceRadius: Gulf Breeze

The Gulf Breeze area is served by highly rated Santa Rosa County schools; confirm the current zoning by address (newhomespensacolafl.com, 2026).

New-construction supply and flood diligence

NeutralNotable impact
SignificanceRadius: The Waters

As an actively selling new community near the water, inventory and incentives shift and flood diligence matters; price a resale against current builder offerings and confirm the FEMA flood zone.

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 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. 2026
    Community

    Documented by the builder and third-party sources

    DSLD Homes and third-party sources describe The Waters as a newer French-Acadian-style community on Soundside Drive in Gulf Breeze near Santa Rosa Sound, with open floor plans and a reported 40-acre waterfront park nearby, in the top-rated Gulf Breeze school zone. Why it matters: Verify the specific plan, lot, HOA, the flood zone, and the schools before relying on them; builder availability and pricing change. Source

  2. 2024
    Taxes

    Santa Rosa County millage and the parcel tax bill

    The Santa Rosa County Property Appraiser publishes parcel values and the taxing authorities set the millage; the actual lines on a The Waters parcel set the carrying cost alongside any HOA dues and flood insurance. Why it matters: Pull the specific parcel record and taxes from the Santa Rosa County Property Appraiser and the FEMA flood determination before you write. 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 Waters buying strategy.

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

1

Confirm the HOA dues and what they cover. Verify the current dues, any CDD, and the deed restrictions before you write.

2

Compare the builder plans. Confirm the exact floor plan, square footage, and standard versus upgraded finishes for the specific home.

3

Verify the lot and any water proximity. Confirm the lot lines, easements, and the proximity to the Sound and the waterfront park.

4

Pull the flood zone and the tax bill. Confirm the FEMA flood determination and the Santa Rosa County parcel taxes before you write.

5

Comp on plan and condition. Price the home against the closest comparable Gulf Breeze sale and against current builder offerings on the same plan.

The Quick Decision
Best Buy
A well-sited plan on a usable, dry lot near the Sound and the park, priced at or below current builder offerings on the same floor plan.
Biggest Risk
Overpaying a resale relative to current builder incentives, an unverified flood issue near the water, or HOA terms you did not confirm.
Best Lot
The plan, the lot and its water proximity, and the finish level set the value here; verify all three.
Smart Timing
A Sound-proximate location in a top-rated school zone rewards a prepared buyer who has compared builder offerings and confirmed the flood picture.
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 Waters is a newer single-family community by DSLD Homes on Soundside Drive in Gulf Breeze, Santa Rosa County, ZIP 32563, near Santa Rosa Sound, with French-Acadian-style homes, open floor plans, and finishes such as wood floors, custom tile showers, granite, and gas fireplaces, near a reported 40-acre waterfront park, in the top-rated Gulf Breeze school zone (newhomespensacolafl.com; mygulfcoastlife.com, 2026). As a selling new community, value is read home-by-home on plan, lot, and water proximity, and the central diligence items are the HOA dues and any CDD, the lot and water proximity, the FEMA flood zone, the Santa Rosa County parcel taxes, and the current builder offerings on the same plans.

The Waters Homes For Sale

What your money buys in 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 Waters 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 plans
$542K to $665K

The smaller French-Acadian plans are the value entry here. Confirm the plan, the lot, the HOA, and the flood zone before you write (third-party builder context, 2026, not MLS).

Lowest entry
Mid: core plans
$665K to $740K

The core open-floor-plan homes are the heart of the community. Price each on its plan, lot, and finishes against the closest comparable sale and current builder offerings.

Most inventory
High: larger or water-proximate plans
$740K to $799K

The larger plans and lots nearest the Sound and park sit at the top here. Price each on its own plan, lot, and finish level, not a community average.

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 ~$668K buys here.

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

$542K to $665K
Entry: smaller plans
The smaller French-Acadian plans are the value entry here. Confirm the plan, the lot, the HOA, and the flood zone before you write (third-party builder context, 2026, not MLS).
$665K to $740K
Mid: core plans
The core open-floor-plan homes are the heart of the community. Price each on its plan, lot, and finishes against the closest comparable sale and current builder offerings.
$740K to $799K
High: larger or water-proximate plans
The larger plans and lots nearest the Sound and park sit at the top here. Price each on its own plan, lot, and finish level, not a community average.

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 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 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 Waters 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 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 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 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 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 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 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 Waters is newer, character-built living near Santa Rosa Sound in Gulf Breeze. The deal is read home-by-home in the plan, the lot and water proximity, the finishes, the HOA, and the flood picture, not a community average.

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.

7.1B+ · Buy Score
Resale Strength6.9/10
Renovation Risk7.2/10
Location Efficiency7.5/10
Long-Term Defensibility6.7/10
Carrying Cost Advantage6.2/10

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 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
  • The plan, the lot and its water proximity, and the finish level are the value; verify all three.
  • Confirm the HOA dues, any CDD, the FEMA flood zone, and the Santa Rosa County taxes.
  • Comp against the closest comparable Gulf Breeze sale and current builder offerings.

In a newer, character-built community like The Waters, value is driven by the specific plan, its finish level, and its lot and water proximity, plus the HOA rules and current builder pricing, not a single average. That means confirming the dues and any rental rule, comparing the plan and upgrades against the builder's current offerings, confirming the lot and proximity to the Sound and the waterfront park, verifying the FEMA flood zone and the Santa Rosa County parcel taxes, then pricing the home against the closest comparable Gulf Breeze sale, with the Sound proximity, the waterfront park, and the top-rated school zone as the durable advantage.

The 15-Second Verdict

The Waters in 15 seconds.

Best forBuyers who want a newer, character-built home near the Sound and a waterfront park in Gulf Breeze.
Strong onProximity to Santa Rosa Sound and a 40-acre waterfront park, plus a top-rated school zone.
WatchShifting builder inventory and incentives, the HOA dues, and the FEMA flood zone near the water.
Not forBuyers who want an established neighborhood, a direct-waterfront lot, or a large amenity community.
The edgeChoosing the plan, the lot, and the water proximity lets a prepared buyer price honestly against current builder offerings.

HOA, CDD & Fees

15-Second Take
  • Confirm the HOA dues, any CDD, and the deed restrictions.
  • Verify the plan, the lot and water proximity, and the FEMA flood zone.
  • No CDD is assumed; confirm per parcel.

The Waters is a newer DSLD Homes community; confirm the current HOA dues, any CDD, and the deed restrictions and what they cover before you offer. No CDD is assumed; confirm per parcel.

Third-party sources describe a Soundside setting with a reported 40-acre waterfront park nearby rather than a private resort amenity package. Confirm what the dues maintain and any park access in the community documents.

The value is the newer, character-built home near Santa Rosa Sound and the waterfront park in a top-rated school zone; confirm any shared facilities and park access in the community documents.

Run Your Numbers

Tools for a 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 Waters.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 The Waters

Thinking of selling in The Waters?

Your buyer is comparing your home against current builder offerings and weighing the Soundside setting, so sell what is specific and verifiable: the plan, the upgrades, the lot and water proximity, the HOA, and a clear flood and tax picture.

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 Waters, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Hickory Shores, 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 Waters home worth?

Get a no-obligation home value based on real comparable sales in 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 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 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 Waters Market Scorecard

Balanced

The Waters is currently a balanced. About 4.0 months of supply, a median asking price of $705,000, and homes go under contract in about 38 days.

4.0
Months supply
$705,000
Median list
$668,000
Median sold
$294
Per sqft
38
Days on mkt
3/1/9
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 Waters?
It is a newer single-family community on Soundside Drive in Gulf Breeze, Santa Rosa County, ZIP 32563, near Santa Rosa Sound.
Who builds in The Waters?
Third-party sources describe The Waters as a DSLD Homes community; confirm the current builder, plans, and availability with the builder (newhomespensacolafl.com, 2026).
What kind of homes are in The Waters?
Third-party sources describe French-Acadian-style homes with open floor plans and finishes such as wood floors, granite, and gas fireplaces (newhomespensacolafl.com, 2026). Compare by plan, size, finish level, and lot.
What do homes cost in The Waters?
Pricing varies by plan, lot, and finish level and moves with builder incentives (illustrative, not MLS). Confirm current pricing for a specific home and against current builder offerings.
Is there an HOA?
The Waters is a newer community; confirm the current HOA dues, any CDD, and the deed restrictions and what they cover before you offer.
Is there a CDD?
No CDD is assumed, but confirm per parcel before you write.
Is The Waters near the water?
Third-party sources place it near Santa Rosa Sound with a reported 40-acre waterfront park nearby; confirm the proximity and any park access for the specific home (newhomespensacolafl.com, 2026).
What is nearby?
Santa Rosa Sound, the U.S. Highway 98 corridor, Pensacola Beach, and Navarre, plus the destinations noted above.
What schools serve The Waters?
It is served by the Santa Rosa County School District in the top-rated Gulf Breeze area; confirm the current zoned schools by address with the district.
Is The Waters in a flood zone?
Near the water, confirm the FEMA flood zone and insurance for the specific lot before you write.
Is The Waters good for investors?
Its newer, character-built stock and Sound proximity can suit investors; confirm any HOA rental rules, the plan, the lot, and the flood zone, and price each home on its own merits.
Should I use the builder's or listing agent to buy in The Waters?
No. That agent works for the seller or the builder. On a new-construction purchase where upgrades, lot premiums, and incentives move value, having your own representation, which typically costs you nothing as the buyer, is the highest-leverage decision you make.
The Verdict

Should you buy in The Waters?

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

Buyers who want a newer, character-built home near Santa Rosa Sound in Gulf BreezeExcellent fit
Buyers who value a waterfront park, the Sound, and a top-rated Gulf Breeze school zoneExcellent fit
Buyers comparing builder floor plans who want to pick plan, lot, and finishesExcellent fit
Buyers who want an established, mature-tree neighborhood or a direct-waterfront lotProbably not
Buyers who want a large resort-amenity or golf communityProbably not
Anyone unwilling to confirm the HOA dues, the lot, and any flood determinationProbably not

Get the inside read on The Waters

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your 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.

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

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