Momentum Housing Data · Home Values · Okaloosa County

COLONY ESTATES Home Values: What Homes Actually Sell For

COLONY ESTATES (Fort Walton Beach, FL): 4 recorded closings in the 12 months ending 2026-07-25, an 11-year price record, and the year-by-year record — every number from recorded MLS closings, none from an estimate model.

In the current window, sellers accepted a median 97.2% of original asking; the median sale took 63 days (window ending 2026-07-25).

The 11-year recorded price history

Over the recorded series, COLONY ESTATES’s median sold price moved from $175,000 (2014) to $469,500 (12 months ending 2026-07-25) — +168% over that span, with every year’s figure from recorded closings, not a model.

The last decade in COLONY ESTATES, briefly

The recorded series starts in 2014 at $175,000. The 2020–22 run-up did what it did everywhere — COLONY ESTATES’s median moved +43% from 2019 to 2022. Annual sales volume here has ranged from 1 to 6 closings a year (10-yr average 3.8). With roughly 3.8 closings a year, COLONY ESTATES’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.

What actually trades here: 99% detached single-family, 1% townhouse in the current window.

The COLONY ESTATES housing stock, from the live feed

From the live MLS feed as of 2026-07-25: The homes listed or recently sold were built between 1962 and 1968 (median 1962); none of the 3 geocoded listed or recently sold homes sits in a FEMA special flood hazard zone (median elevation 14 ft). See the current COLONY ESTATES listings →

At COLONY ESTATES’s $469,500 median and Okaloosa County’s adopted 12.89 mills (FY2025-26), a home assessed at that price carries roughly $6,050 a year in property tax before exemptions, or about $5,540 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Okaloosa County tax page.

Selling in COLONY ESTATES right now: what the record says

Current asking prices run a median $328,000 against the $469,500 recorded sold median (-30%) — the gap between what sellers hope and what the record shows. Momentum’s market-heat index for COLONY ESTATES reads 58/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).

Cash bought 0% of recorded COLONY ESTATES sales in the window ending 2026-07 (0 of 4) — a fact worth knowing before assuming every buyer needs an appraisal to close. Asking prices here currently sit -30% under the recorded sold median — sellers are pricing to move, and the closed record above is the number a buyer's appraiser will see.

How COLONY ESTATES compares with its neighbors

Communities buyers shopping COLONY ESTATES are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.

More COLONY ESTATES: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing

Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures