Leeward Key
Homes for Sale in Miramar Beach, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of September 2026, Leeward Key in Miramar Beach, FL has 1 home for sale. Over the 12 months ending 2026-09-12, 7 recorded sales closed at a median of $729,000, a median 55 days on market, sellers accepting 97% of original asking. Homes listed or recently sold were built 1999–1999; none of the 5 geocoded homes sit in a FEMA special flood hazard zone (median elevation 22 ft). At the median price and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $7,110 ($6,730 with the full homestead exemption).
Leeward Key sits in Miramar Beach, and what sets price here is condition and the specifics of each unit rather than any published range. The median currently reads $732,500, but with only a handful of closings behind it and a single active listing, that number is a snapshot, not a trend line. Treat it as a reference point, not a rule.
The market posture is slow-moving. Median days on market runs past 230, which tells sellers to price with patience and buyers that there is room to work deliberately. This is not a market where you get rushed into a decision. If you are selling, presentation and pricing discipline matter more than usual; if you are buying, thin inventory means the right unit may take time to appear.
Leeward Key right now
🔴 Seller-leaning market. 1.7 months of supply and 0% of the inventory already under contract give sellers the pressure advantage.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 12, 2026. Confidence: Medium (1 active and pending listings, 7 closed sales in 12 months).
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
Leeward Key market snapshot (as of September 12, 2026): the median sale price is about $729K, a median 55 days on market for closed sales, and 1.7 months of supply, a seller-leaning market.
Leeward Key is a small, Gulf-adjacent pocket of Miramar Beach where inventory is thin and turnover is light, so pricing leans heavily on the condition and features of the individual unit rather than a broad market range.
The setting & the homes.
Aerial and on-site photos of Leeward Key. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Leeward KeyPhotos from Emerald Coast MLS listings in Leeward Key; content deemed reliable but not guaranteed.
Who Leeward Key is best for.
Best for
- Buyers targeting the mid-$700s who value a specific Miramar Beach location over selection
- Patient purchasers comfortable waiting months for the right unit to list
- Long-hold owners who care more about the property itself than shared amenities
Probably not for
- Buyers who need to close quickly on a set timeline
- Shoppers who want multiple active listings to compare side by side
- Anyone expecting on-site amenities, as none were identified from current listings
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 ($729K) IS the median in the snapshot above.
Windows contain 0 to 7 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.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Walton 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 · Walton 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.
LEEWARD KEY Market Scorecard
LEEWARD KEY is currently a strong seller's market. About 1.7 months of supply, a median asking price of $737,000, and homes go under contract in about 134 days.
Typical home value in the 32550 ZIP is $653,669, about 36.1% 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.
Homes For Sale Right Now in Leeward Key
Live MLS inventory for Leeward Key. 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 Leeward Key listings as of 2026-09-12, 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.
Leeward Key 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
- Walton County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Destin · Elementary
- Destin · Middle
- Destin · High
Zoned schools reflect the assignments reported on recent Leeward Key listings and can change; always confirm with Walton County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Leeward Key address.
The Leeward Key buying strategy.
If we were buying in Leeward Key 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.
Come strong and clean. Homes here move, so lead with your best terms and financing ready rather than a low anchor.
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 Leeward Key.
A thin, patient market
With one active listing and only four closings in the window, Leeward Key trades in small numbers. That makes each sale disproportionately influential and means the median of $732,500 can move on the strength of a single transaction. Buyers should read comparable units carefully; sellers should not assume the next sale mirrors the last.
Days on market sitting above 230 signals a community where properties sit until the price and condition align with a specific buyer. No amenities were identified from current MLS listings, so value here is about the units themselves and the Miramar Beach location rather than shared facilities. Come prepared to evaluate on that basis.
The location and the amenities are priced into every listing in Leeward Key. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this thin, the median tells you very little on its own. We track the individual closings and the single active listing directly, so we can tell you whether a given price reflects the unit in front of you or an outlier that skews the number. That granularity is the difference between overpaying and pricing right in a low-volume community.
Leeward Key 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 Leeward Key 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 Leeward Key sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Leeward Key, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Leeward Key home worth?
Get a no-obligation home value based on real comparable sales in Leeward Key, 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 Miramar Beach →
Recently off market in LEEWARD KEY
Homes in LEEWARD KEY 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. 4 on record.
- 2936 Scenic Gulf Drive #Unit 1204 · off market
- 2936 Scenic Gulf Drive #Unit 406 · off market
- 2936 Scenic Gulf Drive #Unit 904 · off market
- 2936 Scenic Gulf Drive #Unit 905 · off market
Frequently Asked Questions
What is the median home price in Leeward Key?
How long do homes in Leeward Key take to sell?
Is Leeward Key a buyer's or seller's market right now?
Who is the best real estate agent for Leeward Key?
How do I find a top Miramar Beach real estate agent who knows Leeward Key?
Can Momentum Realty connect me with an agent for Leeward Key?
Should you buy in Leeward Key?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Leeward Key with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Emerald Coast MLS, refreshed twice daily (last: September 12, 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 1999 (54 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 LEEWARD KEY fits the bigger picture — live prices, inventory, and Momentum Scores: