Villa Russ Park
Homes for Sale in Fort Walton Beach, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Emerald Coast MLS
As of September 2026, Villa Russ Park in Fort Walton Beach, FL has 3 homes for sale. Over the 12 months ending 2026-09-12, 8 recorded sales closed at a median of $392,750, a median 16 days on market, sellers accepting 96% of original asking (+16% versus the prior year). Homes listed or recently sold were built 1956–1962; none of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 14 ft). At the median price and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $5,060 ($4,560 with the full homestead exemption).
Homes For Sale Right Now in Villa Russ Park
Live MLS inventory for Villa Russ Park. 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 · 36 daysTop listing
Active · 105 daysActive · 4 daysActive and pending Villa Russ Park 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.
Villa Russ Park is a condition-and-age story, not a floor-plan story. With a housing stock spanning 1920 to 2024 and a median build year of 1960, what a home has actually had done to it — roof, systems, updates — drives price far more than square footage, even though the median living area of roughly 1,973 sq ft gives you real room to work with. The single median price of $365,250 tells you where the middle sits; it does not tell you the spread, and in a neighborhood this old the spread is wide.
Posture right now leans firm but not frantic. A median of 16.5 days on market and a heat score of 59 say well-priced, presentable homes move quickly, while just one active listing means inventory is thin and selection is limited. Sellers hold a modest edge; buyers should be ready to act on the right listing rather than wait for a deep bench of options to appear.
Villa Russ Park right now
🟡 Balanced market. 4.5 months of supply and 0% 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 12, 2026. Confidence: Medium (3 active and pending listings, 8 closed sales in 12 months).
🟢 Still climbing. The trailing-12-month median ($393K) is up 15.7% from the prior 12 months ($340K) and up 179% since 2012. 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 12. Confidence: Low (8 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
Villa Russ Park market snapshot (as of September 12, 2026): the median sale price is about $393K, a median 17 days on market for closed sales, and 4.5 months of supply, a balanced market. The trailing-12-month median is up 16% from the prior 12 months and up 179% since 2012, computed from record-level Emerald Coast MLS closed sales (8 closings in the current window).
Villa Russ Park is a community of 130 homes in Fort Walton Beach, Okaloosa County, built between 1956 and 1990 (median 1960.0), with a median living area of about 2,072 square feet. 72% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Villa Russ Park is an established Fort Walton Beach pocket of 353 homes built across more than a century, where a 65% homestead share points to an owner-occupied core rather than a churn of investor flips.
The setting & the homes.
Aerial and on-site photos of Villa Russ Park. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Villa Russ ParkPhotos from Emerald Coast MLS listings in Villa Russ Park; content deemed reliable but not guaranteed.
Who Villa Russ Park is best for.
Best for
- Buyers who want an established neighborhood and can weigh a home on its updates and systems, not just its size
- Owner-occupants planning to stay, drawn to a high-homestead pocket with a long upward price trend
- Renovation-minded buyers willing to trade older bones for a home they can bring up to date over time
Probably not for
- Buyers who need a wide slate of active listings to compare before committing
- Those wanting new construction or turnkey condition with no renovation risk
- Amenity-seekers expecting community pools, gates, or shared facilities, which are not identified here
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 ($393K) IS the median in the snapshot above, and the move from 2025 ($340K) IS the +15.7% one-year change.
Windows contain 1 to 8 sales each (8 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.
VILLA RUSS PARK Market Scorecard
VILLA RUSS PARK is currently a balanced market. About 4.5 months of supply, a median asking price of $480,000, and homes go under contract in about 36 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 VILLA RUSS PARK, 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.
Villa Russ Park 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
- Meigs · Middle
- Choctawhatchee · High
Zoned schools reflect the assignments reported on recent Villa Russ Park 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 Villa Russ Park address.
The Villa Russ Park buying strategy.
If we were buying in Villa Russ Park 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 Villa Russ Park.
An old-bones neighborhood in a tight market
The defining feature here is age and variety. A range from 1920 to 2024 with a 1960 median means you are shopping a genuine mix — original mid-century houses, decades of renovations, and the occasional new build on an infill lot. That makes inspection and renovation history the center of any offer. Two homes at similar sizes can be worth very different amounts depending on what has been updated, so read each listing on its own condition merits rather than by the median.
The market data supports patience of a specific kind. Prices are up 4.4% year over year and 159% since 2012, so the long trend has been upward, but with only one active listing and closings running in single digits over the recent window, this is a low-volume market. That thin supply cuts both ways: sellers face little direct competition, and buyers may wait for the right property to surface rather than choose among many.
The location and the amenities are priced into every listing in Villa Russ Park. 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 Villa Russ Park 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 5 factors (8.0). Basis: Long-Term Appreciation +179% since 2012; Recent Direction +15.7% year-over-year; Liquidity & Demand 4.5 months of supply; Owner Commitment 72% owner-occupied; Pricing Power 96.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a neighborhood where price hinges on condition and inventory is this thin, the value we add is judgment, not listings volume. We help sellers position an updated home against the median and price an as-is home honestly, and we help buyers separate a home that has been maintained from one that will need a roof and systems the day after closing. With homes moving in about 16.5 days, we make sure you are ready to evaluate and act before the window closes.
Villa Russ Park 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 Villa Russ Park 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 Villa Russ Park sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Villa Russ Park, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Villa Russ Park home worth?
Get a no-obligation home value based on real comparable sales in Villa Russ Park, 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 VILLA RUSS PARK
Homes in VILLA RUSS PARK 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. 1 on record.
- 19 SE Anastasia Drive · off market
Frequently Asked Questions
What is the median home price in Villa Russ Park?
How long do homes in Villa Russ Park take to sell?
Is Villa Russ Park a buyer's or seller's market right now?
How many homes are in Villa Russ Park?
What share of Villa Russ Park is owner-occupied?
When were the homes in Villa Russ Park built?
Have Villa Russ Park home prices gone up?
Who is the best real estate agent for Villa Russ Park?
How do I find a top Fort Walton Beach real estate agent who knows Villa Russ Park?
Can Momentum Realty connect me with an agent for Villa Russ Park?
Should you buy in Villa Russ Park?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Villa Russ Park 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 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (3 streets, ZIP 32548)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 1993 (73 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.
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See how VILLA RUSS PARK fits the bigger picture — live prices, inventory, and Momentum Scores: