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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.

Click any photo to enlarge:

$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.