Housing in Pace
Pace's housing market is built around new subdivisions and newer schools rather than an established, older housing stock -- the fastest-growing and most affordable of the four Santa Rosa County satellite towns in this dataset.
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Learn morePrice sits well below the coastal-adjacent county satellites
Redfin's May 2026 reading put Pace's median sale price at $330,752, up 0.2% year over year; a November 2025 figure cited roughly $333,000, up 1.6% year over year -- an unusually tight, mutually-confirming cluster. That's well below Gulf Breeze's $450,000 and Navarre's $395,000-$400,000 in this same dataset, and below Milton's disputed range as well.
New-construction subdivisions dominate the product mix
Pace's own base-record overview describes "new subdivisions, newer schools" as its defining housing character, consistent with its GROWING_POPULATION and AFFORDABLE_HOUSING tags in this dataset -- expect more move-in-ready new construction and less established, mature-landscaping resale inventory than an older town.
No direct water access -- an inland suburb, not a waterfront town
Unlike Gulf Breeze or Navarre in this same county, Pace has no direct beach, bay, or river access, per its own base-record overview -- a genuine, structural reason its price runs lower, not just a temporary market condition.
Standard Florida closing rules and 2026 exemptions apply
Standard Florida closing costs run roughly 2%-5% of the purchase price, including the state's documentary stamp tax on the deed ($0.70 per $100 of sale price, customarily seller-paid). File for the homestead exemption promptly after closing on a primary residence -- $51,411 for 2026 -- which enrolls the property in the Save Our Homes assessed-value growth cap going forward.
Key takeaways
- Median sale price runs $330,752-$333,000 depending on the exact snapshot, agreeing closely across sources -- the most affordable of the four Santa Rosa County satellite towns in this dataset.
- Housing stock is dominated by new-construction subdivisions and newer schools, not older resale inventory.
- No direct beach, bay, or river access -- a structural reason for the lower price relative to Gulf Breeze or Navarre, not a temporary condition.
- Standard Florida closing costs (2%-5% of price) apply; the 2026 homestead exemption is $51,411.
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