Colony Estates
Homes for Sale in Fort Walton Beach, FL
All 408 homes for sale in Fort Walton Beach, FL · median $396,000 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Emerald Coast MLS
As of September 2026, Colony Estates in Fort Walton Beach, FL has 1 home for sale. Over the 12 months ending 2026-09-20, 4 recorded sales closed at a median of $469,500, a median 63 days on market, sellers accepting 97% of original asking (+30% versus the prior year). Homes listed or recently sold were built 1964–1982. At the median price and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $6,050 ($5,540 with the full homestead exemption).
| Location | Fort Walton Beach, Okaloosa County, FL · ZIP 32536, 32547 |
|---|---|
| Home types (current listings and sales) | detached single family 100% |
| Amenities listed by sellers | Boat Launch, Playground, Short Term Rental - Allowed |
| Sale prices, last 12 months | $469,500 median across 4 closed sales · +30.5% vs the prior 12 months |
| Days on market (closed sales) | 63 median |
| For sale right now | 1 active, 2 pending · median asking $300,000 · 3.0 months of supply |
Data as of September 20, 2026. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Market figures describe homes, not residents. Cite as: Momentum Realty, “COLONY ESTATES key facts,” movewithmomentum.com/neighborhoods/colony-estates, data as of September 20, 2026.
Price here is driven by condition and lot, not by any single build era. The median home dates to 1964, but the range runs from 1951 to 2023, so what you pay tracks how much updating a given house has already absorbed. At a median of $469,500 across roughly 2,068 square feet, the spread between a dated original and a renovated or rebuilt home is wide, and you underwrite each address on its own merits.
The current posture is thin and slow-moving. With only 2 active listings against 453 homes, and a median 63.5 days on market, this is not a place where you rush. A heat score of 58 and a 29.5% year-over-year change tell you demand is real but inventory is scarce, so sellers hold leverage on well-prepared homes while buyers need patience and a clear read on condition before they commit.
Colony Estates right now
🟡 Balanced market. 3.0 months of supply and 67% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Emerald Coast MLS records, as of September 20, 2026. Confidence: Medium (3 active and pending listings, 4 closed sales in 12 months).
🟢 Still climbing. The trailing-12-month median ($470K) is up 30.5% from the prior 12 months ($360K). With about 4 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Emerald Coast MLS closed sales, 12-month windows ending September 20. Confidence: Low (4 and 3 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 27, 2026 · Live data: Emerald Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Colony Estates market snapshot (as of September 20, 2026): the median sale price is about $470K, a median 64 days on market for closed sales, and 3.0 months of supply, a balanced market. The trailing-12-month median is up 30% from the prior 12 months, computed from record-level Emerald Coast MLS closed sales (4 closings in the current window).
In ZIP 32536 (Fort Walton Beach), 425 homes closed in the last 12 months at a median of $322K, up 3.9% year over year, with a median 73 days on market. Right now 122 active and 57 pending listings put supply at about 3.9 months — a balanced market. See the live ZIP 32536 housing market and the Okaloosa County market.
Emerald Coast MLS sales records identify 132 homes in COLONY ESTATES that have changed hands since 2001, built between 1960 and 2018 (median 1964), with a median living area of about 1,796 sq ft and a typical 3-bedroom, 2-bath layout; 99% are single-family homes. Source: Emerald Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Colony Estates is an established, mostly owner-occupied pocket of Fort Walton Beach — homestead share sits near two-thirds — where the housing stock spans seven decades and the value question is almost always about condition rather than location within the community.
The setting & the homes.
Aerial and on-site photos of Colony Estates. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Colony EstatesPhotos from Emerald Coast MLS listings in Colony Estates; content deemed reliable but not guaranteed.
Who Colony Estates is best for.
Best for
- Buyers targeting an established neighborhood who can evaluate a home on condition rather than shopping a price bracket
- Renovation-minded buyers comfortable taking on an older home and its systems
- Long-hold owners who value a low-turnover, mostly owner-occupied community
Probably not for
- Buyers who need broad selection right now, given only 2 active listings
- Buyers who want new-construction uniformity across a subdivision
- Buyers who expect community amenities, since none are identified from current MLS listings
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Emerald Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($470K) IS the median in the snapshot above, and the move from 2025 ($360K) IS the +30.5% one-year change.
Windows contain 1 to 6 sales each (4 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
26% of homes for sale in ZIP 32547 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-26).
Colony Estates Market Scorecard
Colony Estates is currently a balanced market. About 3.0 months of supply, a median asking price of $300,000.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Emerald Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in COLONY ESTATES, Fort Walton Beach
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
Homes For Sale Right Now in Colony Estates
Live MLS inventory for Colony Estates. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Colony Estates listings as of 2026-09-26, priced high to low. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Every Home for Sale in Colony Estates Right Now (2)
All 2 active and pending Colony Estates listings with a detail page, newest first, refreshed twice a day from the MLS.
- 509 Pocahontas Drive · $699,000 · 3 bd / 3 ba · pending · listed Sep 7, 2026 · listed by EXP Realty LLC
- 298 Lafitte Crescent · $775,000 · 3 bd / 2 ba · pending · listed Sep 4, 2026 · listed by World Impact Real Estate
Colony Estates on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Emerald Coast MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Okaloosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Wright · Elementary
- Pryor · Middle
- Choctawhatchee · High
Zoned schools reflect the assignments reported on recent Colony Estates listings and can change; always confirm with Okaloosa County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Colony Estates address.
Shop the zone: Homes zoned for Choctawhatchee High School
The Colony Estates buying strategy.
If we were buying in Colony Estates today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Colony Estates.
A condition market, not a price-tier market
The defining feature here is the build range: 1951 to 2023, with a median year of 1964. That means two homes on the same street can be a full teardown-and-rebuild apart in age and finish. There are no community amenities identified from current MLS listings, so nothing external is propping up value — the house itself is the asset. Median living space of about 2,068 square feet gives most buyers usable room, but you will find that number wrapped in very different levels of renovation.
Turnover is low and listings are few, which is why the median sits at 63.5 days on market despite firm demand. A homestead share around 65.5% signals a community held rather than traded, so quality inventory does not surface often. When it does, pricing rewards homes that have addressed the big-ticket items and penalizes those that have not.
The location and the amenities are priced into every listing in Colony Estates. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Colony Estates buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (8.4). Basis: Recent Direction +30.5% year-over-year; Liquidity & Demand 3.0 months of supply; Pricing Power 97.2% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a market this thin — 2 active listings, homes turning in roughly two months — the work is in reading condition against price, not chasing a range. We help buyers separate a genuinely updated home from cosmetic cover, and we help sellers position a well-prepared house to capture the leverage that scarce inventory allows. On a seven-decade build range, that judgment is the whole game.
Colony Estates in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Colony Estates buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Colony Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Colony Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Colony Estates home worth?
Get a no-obligation home value based on real comparable sales in Colony Estates, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Fort Walton Beach →
Recently off market in COLONY ESTATES
Homes in COLONY ESTATES that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 2 on record.
- 119 Jamestown Avenue · off market
- 219 Pilgrim Avenue · off market
Frequently Asked Questions
What is the median home price in Colony Estates?
How long do homes in Colony Estates take to sell?
Is Colony Estates a buyer's or seller's market right now?
Who is the best real estate agent for Colony Estates?
How do I find a top Fort Walton Beach real estate agent who knows Colony Estates?
Can Momentum Realty connect me with an agent for Colony Estates?
Where is Colony Estates, and what county is it in?
Should you buy in Colony Estates?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Emerald Coast MLS, refreshed twice daily (last: September 26, 2026) |
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 1995 (81 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Emerald Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Emerald Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how COLONY ESTATES fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Colony Estates with Momentum Realty’s local guides.