Momentum Housing Data · Home Values · Okaloosa County
PARKWOOD ESTATES PH5 (Niceville, FL): 7 recorded closings in the 12 months ending 2026-07-25, an 8-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 97.4% of original asking; the median sale took 4 days (window ending 2026-07-25).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $555,000 | — | 4 | 97.4% | 7 |
| 2025 | $594,950 | — | 2 | 99.7% | 4 |
| 2024 | $630,000 | — | 41 | 96.6% | 3 |
| 2023 | $575,000 | — | 5 | 100.8% | 6 |
| 2022 | $466,500 | — | 9 | 101.6% | 4 |
| 2021 | $465,021 | — | 6 | 100.0% | 5 |
| 2018 | $356,250 | — | 24 | 95.1% | 6 |
| 2013 | $307,500 | — | 47 | 95.3% | 4 |
Over the recorded series, PARKWOOD ESTATES PH5’s median sold price moved from $307,500 (2013) to $555,000 (12 months ending 2026-07-25) — +80% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2013 at $307,500. Against the 2024 peak of $630,000, the current median stands at -12%. Annual sales volume here has ranged from 0 to 7 closings a year (10-yr average 3.8). With roughly 3.8 closings a year, PARKWOOD ESTATES PH5’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: 100% detached single-family in the current window.
At PARKWOOD ESTATES PH5’s $555,000 median and Okaloosa County’s adopted 12.89 mills (FY2025-26), a home assessed at that price carries roughly $7,160 a year in property tax before exemptions, or about $6,650 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.
Current asking prices run a median $592,500 against the $555,000 recorded sold median (+7%) — the gap between what sellers hope and what the record shows.
Cash bought 0% of recorded PARKWOOD ESTATES PH5 sales in the window ending 2026-07 (0 of 7) — a fact worth knowing before assuming every buyer needs an appraisal to close. Asking and recorded sold prices are within a few percent of each other here, so the table above is close to what a PARKWOOD ESTATES PH5 buyer will actually pay; the spread on any single home comes down to size, condition and timing.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
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Communities buyers shopping PARKWOOD ESTATES PH5 are also weighing (same ZIP), 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.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| SEMINOLE | $552,500 | — | 98 | 12 |
| RAINTREE ESTATES | $545,000 | — | 20 | 7 |
| SEMINOLE 1ST ADDN | $565,900 | — | 44 | 6 |
| MAGNOLIA PLANTATION AT BLUEWATER BAY | $542,500 | — | 19 | 10 |
More PARKWOOD ESTATES PH5: 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
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.