diff --git a/homeassistant/components/esphome/manager.py b/homeassistant/components/esphome/manager.py
index f89e79aae2b..dc95952194e 100644
--- a/homeassistant/components/esphome/manager.py
+++ b/homeassistant/components/esphome/manager.py
@@ -30,7 +30,7 @@ from homeassistant.config_entries import ConfigEntry
 from homeassistant.const import (
     ATTR_DEVICE_ID,
     CONF_MODE,
-    EVENT_HOMEASSISTANT_STOP,
+    EVENT_HOMEASSISTANT_CLOSE,
     EVENT_LOGGING_CHANGED,
 )
 from homeassistant.core import Event, HomeAssistant, ServiceCall, State, callback
@@ -542,9 +542,12 @@ class ESPHomeManager:
         # the callback twice when shutting down Home Assistant.
         # "Unable to remove unknown listener
         # <function EventBus.async_listen_once.<locals>.onetime_listener>"
+        # We only close the connection at the last possible moment
+        # when the CLOSE event is fired so anything using a Bluetooth
+        # proxy has a chance to shut down properly.
         entry_data.cleanup_callbacks.append(
             hass.bus.async_listen(
-                EVENT_HOMEASSISTANT_STOP, self.on_stop, run_immediately=True
+                EVENT_HOMEASSISTANT_CLOSE, self.on_stop, run_immediately=True
             )
         )
         entry_data.cleanup_callbacks.append(