Waterview Cove
Homes for Sale in Freeport, FL
All 379 homes for sale in Freeport, FL · median $428,000 · 373 homes for sale in 32439 · Walton County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of September 2026, Waterview Cove in Freeport, FL has 1 home for sale. As of September 2026, the MLS records 66 closed sales in Waterview Cove in Freeport, FL since 1998, the most recent in November 2025. Across Freeport as a whole, 608 homes closed in the last 12 months at a median of $385,471, 71 median days on market, with 296 homes for sale today. At that median and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $3,760 ($3,380 with the full homestead exemption).
| Location | Freeport, Walton County, FL · ZIP 32439 |
|---|---|
| Homes in the community | 121 (FL DOR 2025 assessment roll) |
| Years built | 1958–2023 (median 2003) |
| Typical living area | 2,306 sq ft (median) |
| Amenities listed by sellers | Boat Launch, Dock, Fishing, Pets Allowed, Picnic Area, Waterfront |
| For sale right now | 1 active, 0 pending · median asking $499,000 · 12.0 months of supply |
| Owner-occupied (homestead) share | 62% |
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, “WATERVIEW COVE key facts,” movewithmomentum.com/neighborhoods/waterview-cove, data as of September 20, 2026.
Waterview Cove is a condition-driven market, not a price-tier market. With homes dating from 1950 to 2023 and a median build year around 2003, what a home sells for here tracks its era, updates, and finish level far more than its address. The median sits at $450,000, but the spread underneath that number is wide, so a single figure tells you less than usual — you have to underwrite each property on its own merits.
The posture right now favors patience. Median days on market run to roughly 78 days — well past a month — and the median price is down 27.4% year over year on a thin base of only four recent closings. That combination means sellers should price to the current comps rather than last year's, and buyers have room to be selective and to negotiate. Read the small sample size with caution; a handful of closings can swing the numbers.
Waterview Cove right now
🟢 Buyer-leaning market. 12.0 months of supply and 0% 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: Low (1 active and pending listings, 1 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
A varied Freeport enclave of about 143 homes in Walton County, with a build range spanning more than seven decades and a majority owner-occupied at roughly 64% homestead. No community amenities show up in current MLS listings, so buy the house, not a shared package.
Emerald Coast MLS sales records identify 50 homes in WATERVIEW Cove that have changed hands since 2002, built between 1986 and 2022 (median 2004), with a median living area of about 2,375 sq ft and a typical 4-bedroom, 2-bath layout; 100% 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.
County records show 10 qualified sales in WATERVIEW Cove across 2024–2025 (7 in 2024, 3 in 2025), median $515,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Waterview Cove is best for.
Best for
- Buyers who value roughly 2,300 square feet of living space and will judge each home on its updates
- Patient buyers comfortable negotiating in a slower, softer market
- Owner-occupant purchasers seeking a stable, lived-in setting with a majority homesteaded
Probably not for
- Buyers who need shared community amenities, since none show up in current listings
- Sellers who require a quick close and won't price to current comps
- Buyers who want uniform, single-era construction and predictable finish levels
The market around Waterview Cove
Waterview Cove is too small for its own price trend, so here is the market around it.
In ZIP 32439, 535 homes are on the market and 26% are under contract — a steady corner of Freeport.
Across Walton County, 3,174 homes are active and 698 pending (18% under contract).
In ZIP 32439 (Freeport), 679 homes closed in the last 12 months at a median of $385K, down 3.3% year over year, with a median 70 days on market. Right now 301 active and 108 pending listings put supply at about 5.5 months — a buyer's market. See the live ZIP 32439 housing market and the Walton County market.
ZIP and county figures describe the wider market, not Waterview Cove specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Waterview Cove
Live MLS inventory for Waterview Cove. 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 Waterview Cove 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 Waterview Cove Right Now (1)
All 1 active and pending Waterview Cove listings with a detail page, newest first, refreshed twice a day from the MLS.
- 376 Waterview Cove Drive · $499,000 · 4 bd / 3 ba · pending · listed Aug 5, 2026 · listed by Keller Williams Realty Nville
Schools
- Walton County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Freeport · Elementary
- Freeport · Middle
- Freeport · High
Zoned schools reflect the assignments reported on recent Waterview Cove 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 Waterview Cove address.
Shop the zone: Homes zoned for Freeport High School
The Waterview Cove buying strategy.
If we were buying in Waterview Cove 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 Waterview Cove.
A condition-driven market on a thin base
The defining feature here is age variety. A median build year near 2003 sits between 1950 vintage stock and 2023 construction, which means two homes at similar prices can differ sharply in systems, layout, and finish. Median living space runs around 2,311 square feet, giving you real room to work with, but that footprint says nothing about how updated the interior is — inspect accordingly.
Two data points ask for discipline. First, the year-over-year decline of 27.4% and the 78-day median time to sell tell a slower story than a seller's market. Second, only four closings inform this snapshot, so treat the medians as directional, not precise. Owner-occupancy near 64% points to a stable, lived-in setting rather than an investor-heavy one.
The location and the amenities are priced into every listing in Waterview Cove. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this condition-sensitive and this thin on recent sales, the value of local underwriting is highest. We price each home against its own vintage and finish rather than a neighborhood average, read the small closing sample honestly, and use the roughly 78-day pace as negotiating room instead of pretending it away.
Waterview Cove 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 Waterview Cove 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 Waterview Cove sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Waterview Cove, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Waterview Cove home worth?
Get a no-obligation home value based on real comparable sales in Waterview Cove, 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 Freeport →
28% of homes for sale in ZIP 32439 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 (2026-09-24).
Frequently Asked Questions
Is Waterview Cove a buyer's or seller's market right now?
How many homes are in Waterview Cove?
What share of Waterview Cove is owner-occupied?
When were the homes in Waterview Cove built?
Who is the best real estate agent for Waterview Cove?
How do I find a top Freeport real estate agent who knows Waterview Cove?
Can Momentum Realty connect me with an agent for Waterview Cove?
Where is Waterview Cove, and what county is it in?
Should you buy in Waterview Cove?
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) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (6 streets, ZIP 32439)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 1998 (66 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 WATERVIEW COVE fits the bigger picture — live prices, inventory, and Momentum Scores:
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