Neighborhood · November 3, 2026
Paradise Bay, Gulf Breeze FL: what homes sold for and how fast
Updated November 2026. Detached homes only, Pensacola MLS closed sales November 3, 2025 through October 30, 2026, pulled November 3, 2026. No individual sales are shown.
In the twelve months ending October 2026, 9 detached homes sold in Paradise Bay, at a median of $384,500 and $221 per square foot. That is about 16% below the Gulf Breeze median of $460,000. Homes took a typical 61 days to sell, slower than Gulf Breeze overall, so a buyer here usually has time and some leverage. 2 homes were listed for sale there on November 3, 2026.
The numbers
| Measure | Paradise Bay | Gulf Breeze overall |
|---|---|---|
| Detached homes sold, 12 months | 9 | 724 |
| Median sale price | $384,500 | $460,000 |
| Price per square foot | $221 | $232 |
| Median home size | 1,758 sq ft | 2,106 sq ft |
| Typical days to sell | 61 | 35 |
| Year built (range of what sold) | 1984–2023 | — |
| For sale now | 2 | — |
What the numbers say
Build years run from 1984 to 2023, which means a real mix: original homes, updated ones, and newer infill, and the price spread inside the neighborhood is wide.
Supply. 2 for sale against 0.8 a month selling, roughly 2.7 months of supply. Under four months generally favors sellers, over six favors buyers, and a builder still releasing lots can hold supply high without the resale market being soft.
Price. At $221 per square foot against $232 for Gulf Breeze overall, homes here cost less per foot than the town average, so the money mostly buys square footage.
Where it is. Paradise Bay is in Gulf Breeze, Santa Rosa County, Florida, in the NAS Pensacola (across the bridge) commute shed. The current town-wide numbers are on the Gulf Breeze market page.
Questions people ask
How much does a house in Paradise Bay cost? The median sale over the last twelve months was $384,500; half sold for more, half for less.
Is Paradise Bay new construction? Mostly not. Homes that sold were built between 1984 and 2023.
How fast do homes sell in Paradise Bay? A typical 61 days from listing to contract over the last year.
Is Paradise Bay in a flood zone? Flood zones are drawn by address, not by neighborhood. Check the FEMA flood map for the specific house and get a quote on that address before you offer. Santa Rosa County carries a 25% Community Rating System discount on flood premiums; the City of Milton 20%.
If you want a number on a specific house in Paradise Bay, or want to know how it compares to the next neighborhood over, email [email protected] or call or text 205-276-2135.
Source: Pensacola MLS closed detached sales, November 3, 2025 through October 30, 2026, pulled November 3, 2026. Medians for the subdivision as recorded in the MLS. Neighborhoods with fewer than 8 sales are not given a page because a median of a handful of homes is noise, not a market.