The Waters
Homes for Sale in Gulf Breeze, FL

Community in Gulf Breeze · Santa Rosa County

Median sale $682K

Free · No obligation

Talk to a The Waters Expert

True comps, carrying-cost math, and listings before the portals.

Live Market Pulse

31/100
Market Heat

Cooler than normal

2018 → 2026 · 75 at the 2021 peak

0 is The Waters's coldest market since 2018, 100 its hottest. Today: 31. How it's scored

Built fromLive Pensacola MLS data9 years of closingsUpdated twice daily

Live · The Waters Housing Pulse Pensacola MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)

Price

$682K ▲

Median sold · 12 mo

up 6.5% vs the prior 12 months

+6.5% ▲

1-yr price change

n = 8 and 5 sales in the two windows

$257/sf

Sold $/sqft · 12 mo

peak $272 in 2024

96.2%

Sale vs ask

Tempo

3.0mo

Supply

3 to 6 months is the balanced band

32days

Median DOM · closed

0 days at the 2019 low

60%

Under contract

Santa Rosa: 38% (348 of 929)

2 · 3

For sale · pending

live counts, refreshed twice daily

Sold · last 12 mo

10-yr average: about 16 a year

Track record · 9 years of records

Failed listings · 2026

peaked at 5 in 2018

2,683sqft

Median sold home size

12-mo windows, closed sales

The Waters Housing Pulse · Momentum Research · as of July 13, 2026

The Waters right now

🟡 Balanced market. 3.0 months of supply and 60% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Pensacola MLS records, as of July 13, 2026. Confidence: Medium (5 active and pending listings, 8 closed sales in 12 months).

🟡 Still climbing. The trailing-12-month median ($682K) is up 6.5% from the prior 12 months ($640K). 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 July 13. Confidence: Low (8 and 5 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

Updated July 13, 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 July 13, 2026): the median sale price is about $682K ($257 per sq ft over the trailing 12 months of closed sales), a median 32 days on market for closed sales, and 3.0 months of supply, a balanced market. The trailing-12-month median is up 6% from the prior 12 months, computed from record-level Pensacola MLS closed sales (8 closings in the current window).

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A Look Inside The Waters

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

The Waters

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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

73/100
momentum

Seller's Market (limited data)

Seller's marketBalancedBuyer's market

1.5Months of supplytight

62Median days on marketdays

3 : 1Under contract vs for salestrong demand

8Sold in last 12 monthsliquidity

+94%Median price since 2017appreciation

+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 25, 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.

Where prices are going$665K2026 YTD

Median sale price by year. Tap a label to compare Hickory Shores or Gulf Breeze. The 1-year price change is the median sold price over the most recent year versus the prior year, the same measure most listing sites and local Realtor reports use. It reflects the mix of homes that sold, not the change in any single home's value, which is why median price per square foot is shown alongside it to adjust for home size. In thinly traded neighborhoods, where a sale or two can swing the median, we lead with the mix-resistant price-per-square-foot trend instead.

Price per square foot$2572026 YTD

Median $/sqft by year. 2026 is year to date.

Supply and demand now1 : 3active : pending

For sale1

Pending3

Sold 12mo8

Active and pending listings now vs homes sold in the last 12 months.

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.

4712 Foxtail Palm Dr home for sale in The Waters

Active · 62 daysTop listing

$705,000

5 bd · 2.5 ba · 2,378 sqft · built 2017

4712 Foxtail Palm Dr, Gulf Breeze, 32563

Strong resaleReno opportunityBest value

Listed by Savvy Avenue, LLC

1513 Sabal Palm Dr home for sale in The Waters

Pending · 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

4728 Foxtail Palm Dr home for sale in The Waters

Pending · 9 days

$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

1312 Sabal Palm Dr home for sale in The Waters

Pending · 16 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

Active and pending The Waters listings as of 2026-06-25, 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 Homes for Sale in Gulf Breeze, FL with Momentum Realty’s local guides.

Bay Woods Homes for Sale in Gulf Breeze, FLGulf Breeze, FL · 0.1 mi

Tiger Point Homes for Sale in Gulf Breeze, FLGulf Breeze, FL · 0.5 mi

Tiger Point Village Homes for Sale in Gulf Breeze, FLGulf Breeze, FL · 0.6 mi

Santa RosaShores East Homes for Sale in Gulf Breeze, FLGulf Breeze, FL · 0.6 mi

Santa Rosa Park Homes for Sale in Gulf Breeze, FLGulf Breeze, FL · 0.6 mi

Venetian Isles Homes for Sale in Gulf Breeze, FLGulf Breeze, FL · 0.6 mi

Willowood Homes for Sale in Gulf Breeze, FLGulf Breeze, FL · 0.6 mi

Soundwind Homes for Sale in Gulf Breeze, FLGulf Breeze, FL · 0.7 mi SVSandpiper Village Homes for Sale in Gulf Breeze, FLGulf 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 ↓

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
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.

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

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

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

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

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

$575K to $668K

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

$668K to $755K

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

$755K 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 >>>>>>> origin/main

Windows contain 0 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.

Median sale price · trailing 12 mo

Up 6.5% year over year.

Every sale since 2017 · price vs size

157 closed sales; green = recent. Size sets the floor, condition and lot set the rest.

Sold $ per sq ft · trailing 12 mo

Up from $149 in 2017 to a $272 peak in 2024; $257 now.

Median days on market · closed sales

0 days at the 2019 low; 32 now.

Sale price vs original ask · median

96.2% now.

Homes sold per 12-mo window

0 to 39 a year; 8 in the current window.

Sellers who gave up · failed listings per year

Canceled, expired, or withdrawn. 5 quit in 2018; 2 so far in 2026. The clearest stress gauge a community has.

Market Heat · 0 coldest, 100 hottest in the record

75 at the 2021 peak, 13 in the troughs, 31 now. Same score as the hero card, full history.

The real cost & risk here

Before the list price, the Florida math the portals skip. These are Santa Rosa County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.

$1,989/mo

Santa Rosa County typical true cost to own

$204/mo

Santa Rosa County typical home insurance

Check CDD

Confirm before you offer

Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Santa Rosa County scorecard.

County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.

How much local inventory is already under contract

36% of homes for sale in ZIP 32563 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-07-18).

The Waters Market Scorecard

Seller's Market (limited data)

The Waters is currently a seller's market (limited data). About 1.5 months of supply, a median asking price of $705,000, and homes go under contract in about 62 days.

1.5

Months supply

$705,000

Median list

$681,500

Median sold

$257

Per sqft

Days on mkt

1/4/8

Active/Pend/Sold

Typical home value in the 32563 ZIP is $403,222, about 16.9% 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.

Homes For Sale Right Now in The Waters

Active · 62 daysTop listing

$705,000

5 bd · 2.5 ba · 2,378 sqft · built 2017

4712 Foxtail Palm Dr, Gulf Breeze, 32563

Listed by Savvy Avenue, LLC

Pending · 25 days

$750,000

4 bd · 3 ba · 2,654 sqft · built 2018

1513 Sabal Palm Dr, Gulf Breeze, 32563

Listed by Real Broker, LLC

1525 Sabal Palm Dr home for sale in The Waters

Pending · 6 days

$745,000

4 bd · 3 ba · 2,660 sqft · built 2018

1525 Sabal Palm Dr, Gulf Breeze, 32563

Listed by Real Broker, LLC

Pending · 6 days

$725,000

4 bd · 3 ba · 2,622 sqft · built 2019

4728 Foxtail Palm Dr, Gulf Breeze, 32563

Listed by Levin Rinke Realty

Pending · 16 days

$695,000

4 bd · 3 ba · 2,362 sqft · built 2017

1312 Sabal Palm Dr, Gulf Breeze, 32563

Listed by Levin Rinke Realty

Active and pending The Waters listings as of 2026-07-03, 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 and tap a home for the details.

The Strategy

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.

The Deep Dive

A balanced, condition-driven market

At a median of $257 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.

Inventory runs at 3.0 months of supply, a balanced market, with a Market Heat score of 31 and the trailing-12-month median up 6% year over year. Homes that do trade take a median 32 days on market, useful leverage on any listing that has lingered.

“

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.

Jon Brooks · Founder, Momentum Realty

Momentum Intelligence

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.

7.4B · Buy Score

Recent Direction7.6/10

Liquidity & Demand7.0/10

Pricing Power7.5/10

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 (7.4). Basis: Recent Direction +6.5% year-over-year; Liquidity & Demand 3.0 months of supply; Pricing Power 96.2% sale-to-list. Refreshed with each data update.

HOA, CDD & Fees

In short

Mandatory HOA — confirm current dues
Any club/amenity membership is billed separately

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.

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 pricing to real comps, not an automated estimate. The right number comes from closed The Waters sales matched to your home.

Selling in The Waters

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 homes for sale in The Waters on the map →

Real comps, not an automated estimate.

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The Waters Market Scorecard

Seller's Market (limited data)

The Waters is currently a seller's market (limited data). About 3.0 months of supply, a median asking price of $725,000, and homes go under contract in about 31.0 days.

3.0

Months supply

$725,000

Median list

$681,500

Median sold

$257

Per sqft

31.0

Days on mkt

2/3/8

Active/Pend/Sold

Typical home value in the 32563 ZIP is $403,222, about 16.9% below the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

>>>>>>> origin/main

Frequently Asked Questions

What is the median home price in The Waters?

The median sale price in The Waters was $682K over the 12 months ending July 13, 2026 (8 closed sales, Pensacola MLS).

How long do homes in The Waters take to sell?

Homes that closed in the 12 months ending July 13, 2026 took a median 32 days on market (8 sales, Pensacola MLS).

Is The Waters a buyer's or seller's market right now?

As of July 13, 2026, The Waters is roughly balanced: 3.0 months of supply at the current sales pace (Pensacola MLS live counts).

Who is the best real estate agent for The Waters?

The best agent for The Waters is one who actively works Gulf Breeze and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for The Waters.

How do I find a top Gulf Breeze real estate agent who knows The Waters?

Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows The Waters and the wider Gulf Breeze area.

Can Momentum Realty connect me with an agent for The Waters?

Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your The Waters purchase or sale - no call center and no pressure.

Nearby Communities

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

Tiger Lake Gulf BreezeGulf Breeze, FL · 0.2 mi SoundsideGulf Breeze, FL · 0.5 mi NantahalaGulf Breeze, FL · 0.7 mi Water LeafGulf Breeze, FL · 0.8 mi Hickory ShoresGulf Breeze, FL · 0.8 mi Santa Rosa Shores EastGulf Breeze, FL · 1.0 mi Pelican Bay EstatesGulf Breeze, FL · 1.0 mi Soundside Shores Gulf BreezeGulf Breeze, FL · 1.1 mi

Browse all Florida neighborhood guides →

Data sources & freshness

Live listings	Pensacola MLS, refreshed twice daily (last: July 3, 2026)
Community market stats	Pensacola MLS closed sales, 12-month windows ending July 13, 2026
Under-contract shares	Pensacola MLS records, as of 2026-07-12
Historical depth	Closed-sale records back to 2017 (157 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.

<<<<<<< HEAD =======

Thinking about hiring an agent here? How to find the best real estate agent in The Waters - what to look for, questions to ask, and your local expert.

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.

The Waters
Homes for Sale in Gulf Breeze, FL

The Waters right now

The 60-Second Overview

The setting & the homes.

Who The Waters is best for.

Best for

Probably not for

How The Waters is performing right now

Homes For Sale Right Now in The Waters

The Waters on the map.

How far is everything?

Nearby Communities

Schools

Recent Developments in The Waters

Sound proximity and a waterfront park

Top-rated Gulf Breeze school zone

New-construction supply and flood diligence

Documented by the builder and third-party sources

Santa Rosa County millage and the parcel tax bill

The The Waters buying strategy.

The full read, only if you want it.

What your money buys in The Waters.

Price History: What Homes Here Have Actually Sold For

The real cost & risk here

The Waters Market Scorecard

Homes For Sale Right Now in The Waters

The Waters on the map.

The The Waters buying strategy.

A balanced, condition-driven market

Momentum Buy Score.

HOA, CDD & Fees

Tools for a The Waters buy.

Price it to the comps and condition, not an automated estimate.

What is your The Waters home worth?

The Waters Market Scorecard

Frequently Asked Questions

Nearby Communities

Data sources & freshness

You just read the data. Now see what your home is worth.

The WatersHomes for Sale in Gulf Breeze, FL

The Waters right now

The 60-Second Overview

The setting & the homes.

Who The Waters is best for.

Best for

Probably not for

How The Waters is performing right now

Homes For Sale Right Now in The Waters

The Waters on the map.

How far is everything?

Nearby Communities

Schools

Recent Developments in The Waters

Sound proximity and a waterfront park

Top-rated Gulf Breeze school zone

New-construction supply and flood diligence

Documented by the builder and third-party sources

Santa Rosa County millage and the parcel tax bill

The The Waters buying strategy.

The full read, only if you want it.

What your money buys in The Waters.

Price History: What Homes Here Have Actually Sold For

The real cost & risk here

The Waters Market Scorecard

Homes For Sale Right Now in The Waters

The Waters on the map.

The The Waters buying strategy.

A balanced, condition-driven market

Momentum Buy Score.

HOA, CDD & Fees

Tools for a The Waters buy.

Price it to the comps and condition, not an automated estimate.

What is your The Waters home worth?

The Waters Market Scorecard

Frequently Asked Questions

Nearby Communities

Data sources & freshness

You just read the data. Now see what your home is worth.

The Waters
Homes for Sale in Gulf Breeze, FL