Neighborhood · September 16, 2026
Shadow Lakes, Gulf Breeze FL: what homes sold for and how fast
Updated September 2026. Detached homes only, Pensacola MLS closed sales September 2025 through September 2026, pulled September 16, 2026. No individual sales are shown.
In the twelve months ending September 2026, 22 detached homes sold in Shadow Lakes, at a median of $295,000 and $220 per square foot. That is about 37% below the Gulf Breeze median of $465,000. Homes sold in a typical 28 days, quicker than Gulf Breeze overall. 1 homes were listed for sale there on September 16, 2026.
The numbers
| Measure | Shadow Lakes | Gulf Breeze overall |
|---|---|---|
| Detached homes sold, 12 months | 22 | 729 |
| Median sale price | $295,000 | $465,000 |
| Price per square foot | $220 | $232 |
| Median home size | 1,373 sq ft | 2,107 sq ft |
| Typical days to sell | 28 | 38 |
| Year built (range of what sold) | 1999–2016 | — |
| For sale now | 1 | — |
What the numbers say
Build years run from 1999 to 2016, which means a real mix: original homes, updated ones, and newer infill, and the price spread inside the neighborhood is wide.
Supply. 1 for sale against 1.8 a month selling, roughly 0.5 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 $220 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. Shadow Lakes 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 Shadow Lakes cost? The median sale over the last twelve months was $295,000; half sold for more, half for less.
Is Shadow Lakes new construction? Mostly not. Homes that sold were built between 1999 and 2016.
How fast do homes sell in Shadow Lakes? A typical 28 days from listing to contract over the last year.
Is Shadow Lakes 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 Shadow Lakes, 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, September 2025 through September 2026, pulled September 16, 2026. Medians for the subdivision as recorded in the MLS. Neighborhoods with fewer than 20 sales are not given a page because a median of a handful of homes is noise, not a market.