Thomastown Estates
Homes for Sale in Pace, FL
All 249 homes for sale in Pace, FL · median $399,850 · Santa Rosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo courtesy of Levin Rinke Realty · via Pensacola MLS
Homes listed or recently sold were built 1976–1992; none of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 149 ft). Thomastown Estates is a community in Pace, Santa Rosa County, FL. Across Pace as a whole, 338 homes closed in the last 12 months at a median of $374,902, 55 median days on market, with 225 homes for sale today. At that median and Santa Rosa County's FY2025-26 rate of 12.81 mills, annual property tax runs about $4,800 ($4,300 with the full homestead exemption).
Thomastown Estates is an established pocket in Pace, with homes built between 1973 and 2004 and a median build year of 1988. At a median of 1,445 living square feet, this is a modestly sized, older housing stock — which means price here is driven less by square footage and more by condition, updates, and how much prior work an owner has already absorbed. Two homes of similar footprint can trade far apart depending on roof, systems, and finishes.
Right now there are zero active listings against 50 homes total, so there is effectively nothing on the market to react to. For a seller, that means a well-prepared listing enters with no direct competition inside the community. For a buyer, it means patience and readiness — you may wait for the right home to surface, and you will want financing lined up before it does. With homestead occupancy at 64%, turnover tends to be measured rather than rapid.
Figures in this note are as of July 15, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside Thomastown Estates right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
A small, established Pace community of 50 homes on the older, right-sized end of the market, where updates and condition — not floor plans — set the pricing.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
The setting & the homes.
Aerial and on-site photos of Thomastown Estates. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Thomastown EstatesPhotos from Pensacola MLS listings in Thomastown Estates; content deemed reliable but not guaranteed.
Who Thomastown Estates is best for.
Best for
- Buyers seeking a right-sized, established home who will budget for inspection and possible updates
- Value-focused buyers willing to wait for the right listing to surface in a low-inventory pocket
- Sellers with a well-maintained or updated home who want to list without direct in-community competition
Probably not for
- Buyers who want new construction or a large floor plan well above 1,445 square feet
- Buyers who prioritize community amenities like a pool, clubhouse, or gated entry
- Buyers needing to purchase immediately who cannot wait for inventory to come to market
The market around Thomastown Estates
Thomastown Estates is too small for its own price trend, so here is the market around it.
Across Santa Rosa County, 581 homes are active and 348 pending (38% under contract).
ZIP and county figures describe the wider market, not Thomastown Estates specifically. Momentum Research analysis of MLS records.
Thomastown Estates 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 contributors.
Recent Developments in Thomastown Estates
Development, infrastructure, retail, and school activity affecting Thomastown Estates, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- September 2026Infrastructure
Santa Rosa commissioners consider $826,544 signal at SR 87 and Ray Helms Road
The September 22 Santa Rosa County commission agenda included an $826,544 contract with Griffin Traffic Signals for a traffic light at State Road 87 and Ray Helms Road, the truck route to Milton Interchange Park, plus resurfacing and sidewalk work. A separate $106,480 contract would replace signs at the park, now called the I-10 Coastal Commerce Center. The article is a preview of the meeting.
What it may mean for the marketA signal and resurfacing on SR 87 would affect truck and commuter traffic flow near the I-10 industrial park in Milton. The project is about 12 miles northeast of Thomastown Estates, elsewhere in Santa Rosa County.
Source: Navarre Press - September 2026Infrastructure
Pensacola mayor says new airport terminal construction starts next week
At a September 17 briefing, Mayor D.C. Reeves said the notice to proceed for the new terminal at Pensacola International Airport would be issued the following week, with site preparation starting shortly after. He described it as a nine-figure investment. A separate 600-space parking expansion still needs construction funding.
What it may mean for the marketTerminal construction signals added air-travel capacity at the airport and construction activity near the airport corridor. The site is about 7 miles southwest of Thomastown Estates.
Source: Rick's Blog - July 2026Development
Goldring Gulf Distributing plans expansion at Milton facility
Goldring Gulf Distributing filed plans to add 76,400 square feet to its existing 192,000 square foot beverage distribution facility in the Santa Rosa County Industrial Park in East Milton. The expansion would grow the company's footprint in Northwest Florida.
What it may mean for the marketEnlarges an established industrial and distribution operation within the Santa Rosa County Industrial Park and expands the county's industrial base. The project is about 9 miles northeast of Thomastown Estates, elsewhere in Santa Rosa County.
Source: Navarre Press - May 2026Retail & Dining
Circle K convenience store planned for Navarre Parkway
Plans for a Circle K convenience store with a gas canopy were submitted to Santa Rosa County in May 2026 for a site at 8510 Navarre Parkway. The proposal is under review by county development services.
What it may mean for the marketAdds a fuel and convenience retail option along the Navarre Parkway commercial corridor and expands roadside services in the local market. The project is about 16 miles southeast of Thomastown Estates, elsewhere in Santa Rosa County.
Source: Navarre Press
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 Thomastown Estates buying strategy.
If we were buying in Thomastown Estates 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 Thomastown Estates.
An older, condition-driven street-level market
With a build window of 1973 to 2004 and a median year of 1988, the homes here span more than one construction era. Practically, that puts big-ticket items — roofs, HVAC, plumbing, electrical panels, windows — squarely in play when you evaluate a home. The value question is rarely the address and almost always the mechanicals and the finish level. Buyers should budget for inspection and, where needed, updates; sellers who have already done that work should document it, because it is what separates their price from a neighbor's.
The median living area of 1,445 square feet points to compact, manageable floor plans rather than sprawling layouts. No community amenities were identified from current MLS listings, so this is a location-and-house proposition, not an amenity play. The 64% homestead share suggests a core of owner-occupants and a supply that comes to market deliberately — reinforcing why timing and preparation matter more here than they would in a high-turnover subdivision.
The location and the amenities are priced into every listing in Thomastown Estates. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
With no active listings and only 50 homes, this is a community where deals happen through preparation and access, not by scrolling a portal. We track condition, systems, and update history at the individual-home level so you are not guessing what actually drives value on this street. Whether you are waiting for the right home to list or preparing to be the only one on the market, we position you to move when the moment is narrow.
Thomastown Estates in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- 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.
Tools for a Thomastown Estates 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 Thomastown Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Thomastown Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Thomastown Estates home worth?
Get a no-obligation home value based on real comparable sales in Thomastown Estates, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recently off market in Thomastown Estates
Homes in Thomastown Estates that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 1 on record.
- 4487 Nora Ave · off market
| Location | Pace, Santa Rosa County, FL |
|---|---|
| Homes in the community | 50 (FL DOR 2025 assessment roll) |
| Years built | 1973–2004 (median 1988) |
| Typical living area | 1,445 sq ft (median) |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 64% |
Data as of July 13, 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, “Thomastown Estates key facts,” movewithmomentum.com/neighborhoods/thomastown-estates-pace, data as of July 13, 2026.
Housing distress & ownership in Thomastown Estates, Pace
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.
More Pace home searches
- All homes for sale in Pace, FL
- Homes for sale in Santa Rosa County, FL
- Pace home values: what is my house worth?
- 4 coming-soon communities in Santa Rosa County
Pace guides & data
- Market data
- Cost of living
- Best neighborhoods
- Flood zones
- Property taxes (Santa Rosa County)
- Homestead exemption (Santa Rosa County)
- Home insurance cost
- New construction
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
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Thomastown Estates Market Scorecard
Thomastown Estates is currently a buyer-leaning market (limited data). Limited supply, a median asking price of n/a.
Typical home value in the 32571 ZIP is $328,745, about 25.4% 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.
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Ask an agent about Thomastown Estates
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Frequently Asked Questions
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Should you buy in Thomastown Estates?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Pensacola MLS, refreshed twice daily (last: November 1, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (community parcel extract) |
| Under-contract shares | Pensacola MLS records, as of 2026-07-12 |
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.
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More on Thomastown Estates
- Home values · What homes in Thomastown Estates actually sell for
- Find an agent · How to choose the best real estate agent in Thomastown Estates
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