Island Princess
Condos for Sale in Fort Walton Beach, FL
All 408 homes for sale in Fort Walton Beach, FL · median $396,000 · 150 homes for sale in 32547 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of September 2026, Island Princess in Fort Walton Beach, FL has 5 homes for sale and 1 pending, asking from $369,000 to $725,000 (median $614,900). Over the 12 months ending 2026-09-20, 7 recorded sales closed at a median of $600,000, a median 48 days on market, sellers accepting 93% of original asking. Homes listed or recently sold were built 1999–1999; 13 of the 13 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 $7,740 ($7,230 with the full homestead exemption).
| Location | Fort Walton Beach, Okaloosa County, FL · ZIP 32547, 32548, 32549 |
|---|---|
| Homes in the community | 35 (FL DOR 2025 assessment roll) |
| Years built | 1965–2003 (median 1970) |
| Typical living area | 2,376 sq ft (median) |
| Home types (current listings and sales) | condos 100% |
| Amenities listed by sellers | Beach, BBQ Pit/Grill, Exercise Room, Pool, Short Term Rental - Allowed, Waterfront |
| Sale prices, last 12 months | $600,000 median across 7 closed sales |
| Days on market (closed sales) | 48 median |
| For sale right now | 5 active, 1 pending · median asking $614,900 · 8.6 months of supply |
| Owner-occupied (homestead) share | 56% |
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; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “ISLAND PRINCESS key facts,” movewithmomentum.com/neighborhoods/island-princess, data as of September 20, 2026.
Last 30 days in Island Princess: 1 under contract right now, 1 closed sale (median $470,000). As of September 26, 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.
Homes For Sale Right Now in Island Princess
Live MLS inventory for Island Princess. 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 · 128 daysTop listing
Active · 152 days
Active · 240 days
Active · 618 daysActive · 72 days
Pending · 128 daysActive and pending Island Princess 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 Island Princess Right Now (5)
All 5 active and pending Island Princess listings with a detail page, newest first, refreshed twice a day from the MLS.
- 520 Santa Rosa Boulevard #319 · $369,000 · 1 bd / 2 ba · listed Aug 26, 2026 · listed by The Ketchersid Group LLC
- 520 Santa Rosa Boulevard #411 · $725,000 · 2 bd / 2 ba · listed Jul 1, 2026 · listed by RE/MAX by the Sea
- 520 Santa Rosa Boulevard #705 · $699,000 · 2 bd / 2 ba · listed Jun 27, 2026 · listed by Compass
- 520 Santa Rosa Boulevard #Unit 217 · $595,000 · 3 bd / 3 ba · listed Jun 27, 2026 · listed by Piper Norman Holdings LLC
- 520 Santa Rosa Boulevard #405 · $615,000 · 2 bd / 2 ba · pending · listed Jun 27, 2026 · listed by ERA American Real Estate
Island Princess sits in Fort Walton Beach with a median around $625,000, and what moves that number is condition and position rather than any published price band. With only 7 active listings and 6 closings in the recent window, this is a thin market where a single well-renovated or well-located home can pull the median in either direction. Treat that median as a reference point, not a rule.
The market posture here is patient. A median of 84 days on market — closer to three months than one — tells you buyers are taking their time and sellers are not getting quick, competitive action. If you are selling, price it right the first time and expect to wait; if you are buying, you likely have room to negotiate and little reason to rush an offer.
Island Princess right now
🟢 Buyer-leaning market. 8.6 months of supply and 17% of the inventory already under contract give buyers above-average negotiating leverage.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 (6 active and pending listings, 7 closed sales in 12 months).
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
Island Princess market snapshot (as of September 20, 2026): the median sale price is about $600K, a median 48 days on market for closed sales, and 8.6 months of supply, a buyer-leaning market.
In ZIP 32547 (Fort Walton Beach), 385 homes closed in the last 12 months at a median of $337K ($136/sq ft), up 12.1% year over year, with a median 38 days on market. Right now 107 active and 39 pending listings put supply at about 4.0 months — a healthy market. See the live ZIP 32547 housing market and the Okaloosa County market.
Island Princess is a community of 35 homes in Fort Walton Beach, Okaloosa County, built between 1965 and 2003 (median 1970), with a median living area of about 2,376 square feet. 56% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Island Princess is a small, slow-turning pocket of Fort Walton Beach where inventory stays tight and homes sit longer than in hotter Emerald Coast segments. Values have risen roughly 160% since 2012, so long-term owners have seen meaningful appreciation, but today's pace favors deliberate decisions over speed.
The setting & the homes.
Aerial and on-site photos of Island Princess. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Island Princess
Island PrincessPhotos from Emerald Coast MLS listings in Island Princess; content deemed reliable but not guaranteed.
Who Island Princess is best for.
Best for
- Buyers around the mid-$600s who want a small Fort Walton Beach enclave and can take their time
- Sellers who are flexible on timing and will price realistically to the ~84-day pace
- Long-hold buyers comfortable evaluating a home on its own condition rather than a busy comp set
Probably not for
- Sellers needing a fast, competitive sale with quick turnover
- Buyers who want shared community amenities, since none are identified in current listings
- Anyone relying on a stable published price range to guide an offer in such a thin market
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 ($600K) IS the median in the snapshot above.
Windows contain 1 to 12 sales each (7 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.
16% of homes for sale in ZIP 32548 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 (2026-09-27).
ISLAND PRINCESS Market Scorecard
ISLAND PRINCESS is currently a buyer's market. About 8.6 months of supply, a median asking price of $614,900, and homes go under contract in about 158 days.
Typical home value in the 32548 ZIP is $336,647, about 6.2% 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 ISLAND PRINCESS, 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.
Island Princess 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 Island Princess 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 Island Princess address.
Shop the zone: Homes zoned for Choctawhatchee High School · Homes zoned for Fort Walton Beach High School
The Island Princess buying strategy.
If we were buying in Island Princess 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 Island Princess.
A thin, patient market
The defining feature of Island Princess right now is scale: 7 homes for sale and 6 recent closings mean the data is driven by individual transactions, not broad trends. In a market this small, one outlier — a dated home priced to move or a fully updated one commanding a premium — can distort the median more than it would in a larger community. Read each listing on its own merits and compare condition directly rather than leaning on averages.
The 84-day median days-on-market is the number to sit with. It signals that even well-presented homes are not clearing quickly, which gives buyers leverage and asks sellers for realistic expectations. No community amenities are identified from current MLS listings, so the value proposition here rests on the homes themselves and the Fort Walton Beach location, not on shared facilities.
The location and the amenities are priced into every listing in Island Princess. 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 Island Princess 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 4 factors (5.3). Basis: Long-Term Appreciation +150% since 2012; Liquidity & Demand 8.6 months of supply; Owner Commitment 56% owner-occupied; Pricing Power 92.9% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a market with this few active listings and closings, general averages tell you almost nothing — the specifics of each home do. We track every transaction in Island Princess, help you read where a given listing sits relative to condition and the 84-day pace, and keep you from overpaying or underpricing in a segment where a single comp carries outsized weight.
Island Princess 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 Island Princess 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 Island Princess sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Island Princess, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Island Princess home worth?
Get a no-obligation home value based on real comparable sales in Island Princess, 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 ISLAND PRINCESS
Homes in ISLAND PRINCESS 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.
- 520 Santa Rosa Boulevard #113 · off market
- 520 Santa Rosa Boulevard #302 · off market
Frequently Asked Questions
What is the median home price in Island Princess?
How long do homes in Island Princess take to sell?
Is Island Princess a buyer's or seller's market right now?
How many homes are in Island Princess?
What share of Island Princess is owner-occupied?
When were the homes in Island Princess built?
Have Island Princess home prices gone up?
Who is the best real estate agent for Island Princess?
How do I find a top Fort Walton Beach real estate agent who knows Island Princess?
Can Momentum Realty connect me with an agent for Island Princess?
Where is Island Princess, and what county is it in?
Is Island Princess a good place to live?
Should you buy in Island Princess?
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 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32547/32548/32549)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 1999 (139 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 ISLAND PRINCESS fits the bigger picture — live prices, inventory, and Momentum Scores:
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