Colony Estates
Homes for Sale in Fort Walton Beach, FL
All 414 homes for sale in Fort Walton Beach, FL · median $398,000 · 148 homes for sale in 32547 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of October 2026, Colony Estates 3RD Addn in Fort Walton Beach, FL has 1 home for sale. Over the 12 months ending 2026-09-20, 4 recorded sales closed at a median of $304,500, a median 3 days on market, sellers accepting 100% of original asking. Homes listed or recently sold were built 1965–2000; none of the 5 geocoded homes sit in a FEMA special flood hazard zone (median elevation 18 ft). At the median price and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $3,930 ($3,420 with the full homestead exemption).
| Location | Fort Walton Beach, Okaloosa County, FL · ZIP 32547, 32569 |
|---|---|
| Homes in the community | 285 (FL DOR 2025 assessment roll) |
| Years built | 1955–2023 (median 1965) |
| Typical living area | 1,977 sq ft (median) |
| Home types (current listings and sales) | detached single family 100% |
| Sale prices, last 12 months | $304,500 median across 4 closed sales |
| Days on market (closed sales) | 3 median |
| For sale right now | 1 active, 0 pending · median asking $429,900 · 3.0 months of supply |
| Owner-occupied (homestead) share | 61% |
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, “COLONY ESTATES 3RD ADDN key facts,” movewithmomentum.com/neighborhoods/colony-estates-3rd-addn, data as of September 20, 2026.
Last 30 days in Colony Estates: 1 new listing (median asking $419,900), 1 closed sale (median $300,000). As of September 30, 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.
Colony Estates 3rd Addn is an older, established pocket of Fort Walton Beach, with a housing stock that spans from 1955 to 2023 and a median build year of 1965. That age spread is the story here: in a neighborhood this seasoned, price is driven far more by condition and updating than by square footage or address. A renovated home and a dated one on the same street can be worlds apart on value, and there is no community amenity layer padding the equation.
With just one active listing against 285 homes and only two closings in the recent window, this is a thin, low-turnover market. For sellers, that scarcity can work in your favor if your home shows well. For buyers, it means patience — inventory trickles out, and when a well-kept or updated home lands, you should be ready to move rather than wait for the next one.
Colony Estates right now
🟡 Balanced market. 3.0 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 20, 2026. Confidence: Low (1 active and pending listings, 4 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 1, 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
Colony Estates market snapshot (as of September 20, 2026): the median sale price is about $304K, a median 4 days on market for closed sales, and 3.0 months of supply, a balanced market.
In ZIP 32547 (Fort Walton Beach), 385 homes closed in the last 12 months at a median of $337K ($136/sq ft), up 12.1% year over year, with a median 38 days on market. Right now 107 active and 39 pending listings put supply at about 4.0 months — a healthy market. See the live ZIP 32547 housing market and the Okaloosa County market.
County records show 19 qualified sales in COLONY ESTATES across 2024–2025 (9 in 2024, 10 in 2025), median $359,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Colony Estates is a community of 285 homes in Fort Walton Beach, Okaloosa County, built between 1955 and 2023 (median 1965), with a median living area of about 1,977 square feet. 61% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
This is a mature Fort Walton Beach neighborhood of roughly 285 homes with a median size near 1,977 square feet and a homestead share just over 60 percent, pointing to a stable, owner-occupied core rather than a rental-heavy or transient one.
The setting & the homes.
Aerial and on-site photos of Colony Estates. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Colony EstatesPhotos from Emerald Coast MLS listings in Colony Estates; content deemed reliable but not guaranteed.
Who Colony Estates is best for.
Best for
- Buyers comfortable with mid-century homes who will budget for updates and inspect systems closely
- Long-hold owner-occupants who value a stable, low-turnover neighborhood over amenities
- Renovation-minded buyers watching for the occasional updated or rebuilt home to come to market
Probably not for
- Buyers who need a large, new-construction floor plan available on a fixed timeline
- Anyone wanting community amenities like a pool, gate, or clubhouse
- Investors expecting fast turnover or a steady stream of listings to choose from
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Emerald Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($304K) IS the median in the snapshot above.
Windows contain 1 to 11 sales each (4 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.
28% of homes for sale in ZIP 32547 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 (2026-10-01).
Colony Estates Market Scorecard
Colony Estates is currently a balanced market. About 3.0 months of supply, a median asking price of $429,900, and homes go under contract in about 21 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Emerald Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in COLONY ESTATES 3RD ADDN, 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.
Homes For Sale Right Now in Colony Estates
Live MLS inventory for Colony Estates. 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 Colony Estates listings as of 2026-10-01, 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 Colony Estates 3Rd Addn Right Now (1)
All 1 active and pending Colony Estates 3Rd Addn listings with a detail page, newest first, refreshed twice a day from the MLS.
- 316 Priscilla Drive · $419,900 · 4 bd / 3 ba · listed Sep 3, 2026 · listed by World Impact Real Estate
Colony Estates 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
- Wright · Elementary
- Pryor · Middle
- Choctawhatchee · High
Zoned schools reflect the assignments reported on recent Colony Estates 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 Colony Estates address.
Shop the zone: Homes zoned for Choctawhatchee High School
The Colony Estates buying strategy.
If we were buying in Colony Estates 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 Colony Estates.
Age, condition, and a thin market
The build range from 1955 to 2023 tells you two things. Most of the neighborhood is genuinely mid-century, with a median build year of 1965, so expect original-era construction unless a home has been reworked. A handful of newer builds exist at the top of the range, which means teardown-and-rebuild and heavy renovation have both happened here. For a buyer, the practical work is diligence: roof age, systems, and prior updates matter more than the listing photos suggest.
No community amenities were identified from current MLS listings, so you are buying the home and the location, not a pool or gate. With a median living area close to 1,977 square feet, floor plans here tend toward everyday, usable size rather than sprawling. The homestead share above 60 percent supports the read that this is a lived-in, hold-it neighborhood rather than an investor churn.
The location and the amenities are priced into every listing in Colony Estates. 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 Colony Estates 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 3 factors (7.7). Basis: Liquidity & Demand 3.0 months of supply; Owner Commitment 61% owner-occupied; Pricing Power 100.2% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a low-inventory neighborhood where condition sets the price, the wrong assumption costs real money on both sides. We help buyers read the difference between an updated home and a cosmetic refresh, and we help sellers position a well-kept property to stand out when so little comes to market. Local knowledge of Fort Walton Beach and Okaloosa County closings is the edge when comparable sales are scarce.
Colony Estates 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 Colony Estates 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 Colony Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Colony Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Colony Estates home worth?
Get a no-obligation home value based on real comparable sales in Colony Estates, 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 COLONY ESTATES 3RD ADDN
Homes in COLONY ESTATES 3RD ADDN 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. 2 on record.
- 702 Mayflower Avenue · off market
- 737 Revere Avenue · off market
Frequently Asked Questions
What is the median home price in Colony Estates?
How long do homes in Colony Estates take to sell?
Is Colony Estates a buyer's or seller's market right now?
How many homes are in Colony Estates?
What share of Colony Estates is owner-occupied?
When were the homes in Colony Estates built?
Who is the best real estate agent for Colony Estates?
How do I find a top Fort Walton Beach real estate agent who knows Colony Estates?
Can Momentum Realty connect me with an agent for Colony Estates?
Where is Colony Estates, and what county is it in?
Should you buy in Colony Estates?
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) |
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (6 streets, ZIP 32547/32569)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 1993 (99 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 COLONY ESTATES 3RD ADDN fits the bigger picture — live prices, inventory, and Momentum Scores:
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