Bay Colony Homes & Real Estate

Bay Colony is a gated community inside a gated community. About 200 acres in the northwest corner of Pelican Bay, behind its own wall and sentry gate, with eleven condominium towers and a small number of single-family streets. The argument for the address is that you get two memberships rather than one.

The first is the private Bay Colony Beach Club on the Gulf. The second is the Pelican Bay Foundation, which every Pelican Bay owner joins and which brings the wider private beach, the trams and the beachfront restaurants. Both are paid for through fees rather than the purchase price.

What Does Bay Colony Cost?

Thirty-three properties sold between January and August 2026 at a median of $4,300,000. The towers and the houses behave so differently that the combined figure is worth splitting before you use it.

Twenty-six of the sales were tower condominiums, at a median of $3.87 million. The seven houses and villas closed at a median of $6.2 million and took more than three times as long to sell.

Across all 33 sales the median was 91% of final asking price. The bottom row is the one to sit with: a house here takes three and a half times as long to sell as a tower unit.

Which tower you choose is a bigger decision than how many square feet

The price per square foot ran from $2,021 at Remington down to $1,019 at Salerno — a factor of two inside one gated enclave, and that is before the single-sale buildings are counted. Every building that traded in 2026 is in the table below.

That spread is not arbitrary. Bay Colony shares its clubs, but each tower runs its own association and its own facilities, so pools, guest suites, parking, concierge and staffing differ building to building, and the fees differ with them. Establish which building before you compare two listings on price per foot.

Read it as two columns rather than thirteen rows. The right-hand pair is where the decisions are: Salerno and Contessa clear quickly at the lower end, and Remington commands twice the price per foot and moves in six weeks.

Bay Colony Shores holds the largest homes and the longest waits, at a median of 708 days. That is where the negotiating room in Bay Colony sits, and where a seller needs the most patience.

The houses can sit for years

Three of the seven house and villa sales took more than a year. Two Bay Colony Shores homes on Colony Drive closed in 2026 after 1,160 and 1,161 days on the market — more than three years each — at $12,125,000 and $11,350,000.

That is not a comment on the houses. It is what a market looks like when there are perhaps a dozen credible buyers in the world for a given property in a given year. For a buyer it means time and room; for a seller it means pricing for the buyer who exists.

Two memberships, not one

Bay Colony owners have privileges at the Bay Colony Beach Club, a private Gulf-front club with staffed beach service, a pool, indoor dining, a Sunset Terrace and a Chickee bar. They are also automatically members of the Pelican Bay Foundation, which covers the wider private beach, the trams, the two beachfront restaurants, the tennis courts and the fitness center.

There is a tennis club of its own as well, with six courts and a pro shop. The cost of all this arrives as several separate bills, so ask for the building association fee, the Bay Colony Community Association fee and the Pelican Bay Foundation assessment itemised rather than as one number.