Bungalows at Bluewater Bay
Homes for Sale in Niceville, FL
All 182 homes for sale in Niceville, FL · median $499,900 · 183 homes for sale in 32578 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of October 2026, the MLS records 10 closed sales in Bungalows at Bluewater Bay in Niceville, FL since 2007, the most recent in June 2026. Across Niceville as a whole, 246 homes closed in the last 12 months at a median of $530,000, 41 median days on market, with 61 homes for sale today. At that median and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $6,830 ($6,330 with the full homestead exemption).
Part of the Bluewater Bay master-planned community in Niceville, FL — see all Bluewater Bay homes for sale (14 listings across 17 villages and sections in the MLS).
| Location | Niceville, Okaloosa County, FL · ZIP 32578 |
|---|---|
| Homes in the community | 28 (FL DOR 2025 assessment roll) |
| Years built | 1996–2017 (median 1997.0) |
| Typical living area | 1,368 sq ft (median) |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 21% |
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, “BUNGALOWS AT BLUEWATER BAY key facts,” movewithmomentum.com/neighborhoods/bungalows-at-bluewater-bay, data as of September 20, 2026.
Price in Bungalows at Bluewater Bay is driven by condition and updates more than by any single spec. The homes were built across a stretch running from 1996 to 2017, and with a median living area near 1,368 square feet, this is a compact, single-story-style product where a renovated kitchen and mechanicals do more for value than square footage does. There is no meaningful price range to quote here beyond the median, so treat every listing on its own merits.
This is a small pocket of just 28 homes, which means inventory is thin and comparable sales are scarce. For a seller, that scarcity can work in your favor when demand shows up, but it also means one or two active listings set the tone for the whole community. For a buyer, patience matters; the right home does not come up often, and when it does you are competing on a limited field rather than a deep menu of choices.
Nearby homes for sale
No active listings inside BUNGALOWS AT BLUEWATER BAY right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Bungalows at Bluewater Bay is a small, low-maintenance-scale enclave inside the larger Bluewater Bay area of Niceville, built out over roughly two decades. With only 28 homes and a homestead share around 21%, a notable portion of these are held as second homes or rentals rather than primary residences.
Emerald Coast MLS sales records identify 8 homes in BUNGALOWS AT BLUEWATER BAY that have changed hands since 2016, built between 1996 and 1997 (median 1997), with a median living area of about 1,321 sq ft and a typical 3-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 6 qualified sales in BUNGALOWS AT BLUEWATER BAY across 2024–2025 (4 in 2024, 2 in 2025), median $319,900 — 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 Bungalows at Bluewater Bay is best for.
Best for
- Buyers seeking a right-sized, single-level-scale home and willing to wait for limited inventory
- Second-home or investment buyers comfortable in a pocket where owner-occupancy runs lighter
- Buyers who value location within Bluewater Bay and Niceville over community-provided amenities
Probably not for
- Buyers who need a large floor plan well above the roughly 1,368-square-foot median
- Buyers expecting on-site community amenities, which are not identified here
- Buyers who want a deep menu of listings to choose from at any given time
The market around Bungalows at Bluewater Bay
Bungalows at Bluewater Bay is too small for its own price trend, so here is the market around it.
In ZIP 32578, 265 homes are on the market and 31% are under contract — a fast-moving corner of Niceville.
Across Okaloosa County, 1,890 homes are active and 551 pending (23% under contract).
In ZIP 32578 (Niceville), 347 homes closed in the last 12 months at a median of $530K, down 4.2% year over year, with a median 43 days on market. Right now 66 active and 39 pending listings put supply at about 3.4 months — a healthy market. See the live ZIP 32578 housing market and the Okaloosa County market.
ZIP and county figures describe the wider market, not Bungalows at Bluewater Bay specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in BUNGALOWS AT BLUEWATER BAY, Niceville
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.
Recent Developments in Bungalows At Bluewater Bay
Development, infrastructure, retail, and school activity affecting Bungalows At Bluewater Bay, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- June 2026Civic
DeSantis signs state budget with funding for Okaloosa County projects
Governor DeSantis signed the state budget that included roughly $15 million for 20 Okaloosa County projects, among them $5 million for the Northwest Florida State College Workforce Innovation Center in Niceville, $1.5 million for Shalimar Bridge Park, and $3 million for Destin road and drainage work. About $7.26 million in other local requests were vetoed.
What it may mean for the marketDirects state funding toward workforce, park, road, and drainage infrastructure across Okaloosa County, supporting public facilities and capacity in Niceville, Shalimar, and Destin. The site is about 3 miles northwest of Bungalows At Bluewater Bay.
Source: Get The Coast - May 2026Development
Okaloosa commissioners approve master plan for 392-lot River Park subdivision in Crestview
Okaloosa County commissioners unanimously approved the master plan for River Park, a 392 lot single family subdivision on 263 acres east of Main Drive and north of Airport Road in Crestview. The project by River Park Landing LLC will be built in three phases, with each phase requiring a separate development order approval.
What it may mean for the marketAdds substantial single family housing supply to the Crestview market and phases new residential construction onto a large tract in north Okaloosa County. The project is about 21 miles north of Bungalows At Bluewater Bay, elsewhere in Okaloosa County.
Source: Get The Coast - May 2026Infrastructure
Okaloosa County opens $212M Southwest Crestview Bypass
Okaloosa County opened the $212 million Southwest Crestview Bypass, a 3.5 mile four lane corridor connecting Antioch Road to State Road 85 with access from U.S. Highway 90. The project includes a 1,713 foot bridge, sidewalks, a multi use path, and direct access to the new Pineview K-8 school opening in August 2026.
What it may mean for the marketAdds a major four lane traffic corridor serving southwest Crestview and expands regional road capacity for surrounding growth in north Okaloosa County. The project is about 18 miles northwest of Bungalows At Bluewater Bay, elsewhere in Okaloosa County.
Source: Get The Coast
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
The Bungalows at Bluewater Bay buying strategy.
If we were buying in Bungalows at Bluewater Bay 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 Bungalows at Bluewater Bay.
A small, compact pocket inside Bluewater Bay
The defining traits here are size and scale. A median living area of about 1,368 square feet points to a right-sized, easy-to-manage footprint rather than a sprawling floor plan. The build years span 1996 to 2017, so you will find both original-condition homes and newer construction within the same 28-home group, and that spread is exactly why condition is the swing factor on price.
No community amenities turned up in the current MLS listings, so buyers should not expect on-site extras baked into this specific enclave. What you are buying is the home itself and the location within Bluewater Bay and Niceville. The homestead share sitting near 21% tells you a good number of these homes are not owner-occupied, which is worth weighing if a stable owner-occupant setting matters to you.
The location and the amenities are priced into every listing in Bungalows at Bluewater Bay. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a 28-home community, comps are limited and each listing carries outsized weight, so pricing and negotiation come down to reading condition against a shallow sales history. We track this pocket at the individual-home level, help you separate a renovated property from an original one, and set expectations honestly on how long the right fit may take to surface.
Bungalows at Bluewater Bay 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 Bungalows at Bluewater Bay 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 Bungalows at Bluewater Bay sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Bungalows at Bluewater Bay, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Bungalows at Bluewater Bay home worth?
Get a no-obligation home value based on real comparable sales in Bungalows at Bluewater Bay, 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 Niceville →
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.
Frequently Asked Questions
How many homes are in Bungalows at Bluewater Bay?
What share of Bungalows at Bluewater Bay is owner-occupied?
When were the homes in Bungalows at Bluewater Bay built?
Who is the best real estate agent for Bungalows at Bluewater Bay?
How do I find a top Niceville real estate agent who knows Bungalows at Bluewater Bay?
Can Momentum Realty connect me with an agent for Bungalows at Bluewater Bay?
Where is Bungalows at Bluewater Bay, and what county is it in?
Should you buy in Bungalows at Bluewater Bay?
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: October 1, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32578)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2007 (10 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.
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