Real Estate Values in Northwest Florida

    What will $200,000, $500,000 and $1,000,000
    buy in Northwest Florida?

    The sparsely populated area known as the “Forgotten Coast” near Tallahassee was hit hardest in this region, with sales slowing in 2004 and few signs of a halt to the price plunges. But in the more upscale subdivisions that hug the beach west of Panama City, sales increased last year. And in Pensacola, where the real estate downturn began in earnest five years ago, Realtors say the days of large price plunges are over, and sales prices should stabilize next year.

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    $200,000 $500,000 $1,000,000

    Port St. Joe
    Square Feet: 2,368
    Bedrooms/Bathrooms: 3/2½
    Age: 8
    Selling Price: $200,000

    Biking distance to downtown Port St. Joe and five-minute car ride to the beach. Home has updated kitchen with stainless steel appliances.




    Santa Rosa Beach
    Square Feet: 2,278
    Bedrooms/Bathrooms: 4/3
    Age: 10
    Selling Price: $524,000

    The short sale with an ocean view is walking distance to the beach and is near the Seaside community made popular by "The Truman Show."


    Gulf Breeze
    Square Feet: 4,454
    Bedrooms/Baths: 4/3½
    Age: 37
    Selling Price: $1,000,000

    The buyer of this bayfront home purchased it for $195,000 less than the asking price. The home was renovated in 2004 has a private dock and boat house.