Emerald Isle
Condos for Sale in Fort Walton Beach, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of September 2026, Emerald Isle in Fort Walton Beach, FL has 5 homes for sale and 1 pending, asking from $319,900 to $579,900 (median $515,000). Over the 12 months ending 2026-09-12, 3 recorded sales closed at a median of $350,000, a median 73 days on market, sellers accepting 92% of original asking (-25% versus the prior year). Homes listed or recently sold were built 1974–1974; 1 of the 6 geocoded homes sit in a FEMA special flood hazard zone (median elevation 9 ft). At the median price and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $4,510 ($4,000 with the full homestead exemption).
Homes For Sale Right Now in Emerald Isle
Live MLS inventory for Emerald Isle. 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 · 110 daysTop listing
Active · 68 days
Active · 35 days
Active · 143 days
Active · 134 days
Pending · 73 daysActive and pending Emerald Isle listings as of 2026-07-25, 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.
Emerald Isle is a small, uniform pocket in Fort Walton Beach: 70 homes, all built in 1974, clustered around a median of roughly 1,085 square feet. When the vintage and footprint are this consistent, price is driven almost entirely by condition and updates rather than square footage or age. Two homes on the same street can trade well apart depending on how much of the original 1974 house is still original.
With 5 active listings against 70 homes and only one closing in the trailing window, there isn't much depth to read from. That thin data cuts both ways: sellers have limited fresh comps to anchor a list price, and buyers should lean on inspection and renovation scope rather than expecting a tidy per-foot number. Price the work, not the address.
Emerald Isle right now
🔴 Off the recent peak. The trailing-12-month median ($350K) is down 24.6% from the prior 12 months ($464K) and up 166% since 2012. With about 3 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 12. Confidence: Low (3 and 4 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated September 12, 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
Emerald Isle market snapshot (as of September 12, 2026): the median sale price is about $350K, and a median 73 days on market for closed sales. The trailing-12-month median is down 25% from the prior 12 months and up 166% since 2012, computed from record-level Emerald Coast MLS closed sales (3 closings in the current window).
This is a compact, single-vintage enclave of modestly sized homes near the Fort Walton Beach coast, where the real variable between one house and the next is how much has been renovated since 1974.
The setting & the homes.
Aerial and on-site photos of Emerald Isle. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Emerald IsleEmerald IsleEmerald IsleEmerald IsleEmerald IsleEmerald IslePhotos from Emerald Coast MLS listings in Emerald Isle; content deemed reliable but not guaranteed.
Who Emerald Isle is best for.
Best for
- Buyers wanting a compact coastal-area home and willing to price in renovation work
- Investors or second-home buyers comfortable with a rental-leaning ownership mix
- Value-focused buyers who can distinguish an updated house from an original one
Probably not for
- Buyers who need more than roughly 1,085 square feet of living space
- Anyone wanting new construction or shared community amenities
- Buyers who need a deep set of recent comps to feel confident on price
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level Emerald Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($350K) IS the median in the snapshot above, and the move from 2025 ($464K) IS the -24.6% one-year change.
Windows contain 0 to 5 sales each (3 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.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Okaloosa County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Okaloosa County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
EMERALD ISLE Market Scorecard
EMERALD ISLE is currently a thin data market. Limited supply, a median asking price of $515,000, and homes go under contract in about 110 days.
Typical home value in the 32548 ZIP is $341,402, about 7.2% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in EMERALD ISLE, 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.
Emerald Isle 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
- Elliott Point · Elementary
- Bruner · Middle
- Fort Walton Beach · High
Zoned schools reflect the assignments reported on recent Emerald Isle 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 Emerald Isle address.
The Emerald Isle buying strategy.
If we were buying in Emerald Isle 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 Emerald Isle.
One vintage, many conditions
Every home here shares a 1974 build year and a footprint centered near 1,085 square feet, so you are largely shopping condition. Roof age, HVAC, electrical, windows, and whether the kitchen and baths have been touched will separate a project from a move-in-ready house far more than layout will. Budget for a hard look at the systems on anything that still reads original.
The homestead share sits around 11%, which suggests a meaningful portion of these homes are held as second homes or rentals rather than owner-occupied. For a buyer, that can mean more turnover and a wider spread in how well individual houses have been maintained. No community amenities show up in current MLS listings, so value the home on its own merits, not on shared facilities.
The location and the amenities are priced into every listing in Emerald Isle. 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 Emerald Isle 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 (4.8). Basis: Long-Term Appreciation +166% since 2012; Recent Direction -24.6% year-over-year; Pricing Power 92.3% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a 70-home community with thin recent sales and a single build year, the win comes from correctly pricing renovation scope against condition. We walk the systems with you, translate what's original versus updated into real dollars, and set expectations that match a market this small rather than a citywide average.
Emerald Isle 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 Emerald Isle 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 Emerald Isle sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Emerald Isle, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Emerald Isle home worth?
Get a no-obligation home value based on real comparable sales in Emerald Isle, 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 →
Frequently Asked Questions
What is the median home price in Emerald Isle?
How long do homes in Emerald Isle take to sell?
Have Emerald Isle home prices gone up?
Who is the best real estate agent for Emerald Isle?
How do I find a top Fort Walton Beach real estate agent who knows Emerald Isle?
Can Momentum Realty connect me with an agent for Emerald Isle?
Should you buy in Emerald Isle?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Emerald Isle with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Emerald Coast MLS, refreshed twice daily (last: July 25, 2026) |
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending September 12, 2026 |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 1993 (53 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 →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how EMERALD ISLE fits the bigger picture — live prices, inventory, and Momentum Scores: