Commodore Place in Fort Walton Beach

Commodore Place
Homes for Sale in Fort Walton Beach, FL

All 414 homes for sale in Fort Walton Beach, FL · median $398,000 · 149 homes for sale in 32547 · Okaloosa County homes for sale

Community in Fort Walton Beach · Okaloosa County · ZIP 32547
79 homesBuilt 1955–2024
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Photo via Emerald Coast MLS

Built fromLive Emerald Coast MLS data32 years of closingsFL DOR public recordsUpdated twice daily

As of October 2026, Commodore Place in Fort Walton Beach, FL has 1 home for sale. As of October 2026, the MLS records 24 closed sales in Commodore Place in Fort Walton Beach, FL since 1994, the most recent in August 2026. Across Fort Walton Beach as a whole, 287 homes closed in the last 12 months at a median of $357,612, 39 median days on market, with 99 homes for sale today. At that median and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $4,610 ($4,100 with the full homestead exemption).

Live · Commodore Place Housing Pulse Emerald Coast MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Tempo
12.0mo
Supply
3 to 6 months is the balanced band
0%
Under contract
Okaloosa: 23% (551 of 2,441)
1 · 0
For sale · pending
live counts, refreshed twice daily
1
Sold · last 12 mo
10-yr average: about 1 a year
Ownership and context
81%
Owner-occupied · Commodore Place
68 of 84 parcels homesteaded (FL DOR 2025)
19%
Non-owner-occupied · Commodore Place
incl. 13% trust or LLC-held · 5% out-of-state
79
Homes in the community
plus 5 vacant residential lots · 84 residential parcels (FL DOR 2025)
Track record · 32 years of records
4
Recorded sales · 2024-2024
median $2.20M · qualified sales on the county roll (FL DOR 2025)
Est. 1955
Community established
homes built 1955-2024, median 1967 (FL DOR 2025)
1.3%/yr
Turnover rate
about 1 of 79 homes trade a year
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Commodore Place is a small, established pocket of Fort Walton Beach, and price here is driven almost entirely by condition and the individual home. With a median build year of 1967 and stock running from 1955 all the way to 2024, you are looking at two very different products under one community name: original mid-century homes and full rebuilds. The median living area sits near 2,718 square feet, which is generous, but the spread in age means the spread in value is wide and condition-specific rather than tidy.

Right now there is exactly one active listing across 79 homes, and nothing has closed in the recent window. That is a thin, low-turnover market. For a seller, scarcity of competing inventory is a real advantage if your home is priced honestly to its condition. For a buyer, patience is the price of entry — you may wait for the right home to surface, and when it does you will want to move with a clear read on whether you are buying original or renovated.

Commodore Place Housing Pulse · Momentum Research · as of September 20, 2026

Commodore Place 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 October 2, 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

Commodore Place is a compact, owner-heavy enclave in Fort Walton Beach where roughly four in five homes are homesteaded — a sign of a settled street rather than an investor churn. The generous median footprint and the long build-year span mean each home has to be judged on its own merits.

Emerald Coast MLS sales records identify 16 homes in COMMODORE PLACE that have changed hands since 2001, built between 1963 and 1970 (median 1965), with a median living area of about 1,875 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 4 qualified sales in COMMODORE PLACE across 2024–2024, median $2.20M — 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.

Best for

  • Buyers seeking a larger single-family footprint who value an established, owner-occupied street
  • Patient buyers comfortable waiting for limited inventory and acting decisively when a home lists
  • Renovation-minded buyers open to an original mid-century home they intend to update

Probably not for

  • Buyers who need multiple homes to compare at once and dislike thin inventory
  • Buyers wanting shared community amenities such as a pool or clubhouse
  • Buyers expecting turnkey uniformity, given the wide mix of build years and conditions

The market around Commodore Place

Commodore Place is too small for its own price trend, so here is the market around it.

In ZIP 32547, 198 homes are on the market and 27% are under contract — a steady corner of Fort Walton Beach.

Across Okaloosa County, 1,890 homes are active and 551 pending (23% under contract).

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.

ZIP and county figures describe the wider market, not Commodore Place specifically. Momentum Research analysis of MLS records.

Housing distress & ownership in COMMODORE PLACE, Fort Walton Beach

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
0.0%
0 of 1 listings
Distress share trend — 0.0% now (2026-08-10 → 2026-10-01)

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 Commodore Place

Live MLS inventory for Commodore Place. 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 Commodore Place 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.

Schools

In short
  • Okaloosa County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Elliott Point · Elementary
  • Meigs · Middle
  • Choctawhatchee · High

Zoned schools reflect the assignments reported on recent Commodore Place 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 Commodore Place address.

If we were buying in Commodore Place today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

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.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 Commodore Place.

Best Buy
Buyers who want an established Fort Walton Beach street and are willing to wait for the right home.
Biggest Risk
The wide 1955–2024 build range makes value condition-specific and comps hard to read.
Sweet Spot
A renovated or rebuilt home near the generous median footprint, priced to its true condition.
Avoid If
You need inventory to choose from or shared community amenities.

A mixed-vintage street where condition is everything

The defining fact of Commodore Place is its range: 79 homes built anywhere from 1955 to 2024, with the median landing in 1967. That tells you the neighborhood has been quietly redeveloping one lot at a time. Some homes are original mid-century construction; others are recent ground-up builds on the same block. There is no single archetype, so comparable sales have to be read carefully — a nearby closing may be a very different house than the one in front of you.

The homestead share of about 81% points to stability and long tenure rather than rental turnover. Combined with the current single active listing, that keeps supply tight. No community amenities were identified from current MLS listings, so the value proposition here is the homes themselves, the lots, and the Fort Walton Beach location — not shared facilities.

“

The location and the amenities are priced into every listing in Commodore Place. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a low-turnover community with a wide range of build years, the whole game is pricing to condition and reading thin comps correctly. We will tell you plainly whether a home is original, updated, or a full rebuild, and what that means for value — and with only one active listing at a time, we help you act quickly and negotiate from real information rather than a rounded guess.

Commodore Place in 15 seconds.

Best forBuyers who want an established Fort Walton Beach street and are willing to wait for the right home.
Biggest advantageLow turnover and a high homestead share mean a settled, owner-occupied enclave.
Biggest riskThe wide 1955–2024 build range makes value condition-specific and comps hard to read.
Sweet spotA renovated or rebuilt home near the generous median footprint, priced to its true condition.
Avoid ifYou need inventory to choose from or shared community amenities.

HOA, CDD & Fees

A note on who we are: Momentum Realty is a real estate brokerage. We are not the Commodore Place homeowners association, its management company or its developer, and we cannot help with dues, gate access, violations, amenity bookings or association documents. To reach the association, check your closing package, the recorded declaration at the county clerk, or search the association’s name at sunbiz.org for its registered agent. Call or message us to buy or sell a home in Commodore Place.
In short
  • 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Commodore Place sales matched to your home.

What is your Commodore Place home worth?

Get a no-obligation home value based on real comparable sales in Commodore Place, 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 →

Real comps, not an automated estimate.

Recently off market in COMMODORE PLACE

Homes in COMMODORE PLACE 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. 1 on record.

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.

$2,251/mo
Okaloosa County typical true cost to own
$220/mo
Okaloosa County typical home insurance
Check CDD
Confirm before you offer

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.

How much local inventory is already under contract

16% of homes for sale in ZIP 32548 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 (2026-10-02).

Frequently Asked Questions

Is Commodore Place a buyer's or seller's market right now?
As of September 20, 2026, Commodore Place leans toward buyers: 12.0 months of supply at the current sales pace (Emerald Coast MLS live counts).
How many homes are in Commodore Place?
The Florida DOR 2025 assessment roll shows 79 homes plus 5 vacant residential lots in Commodore Place (public records).
What share of Commodore Place is owner-occupied?
81% of Commodore Place parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Commodore Place built?
Homes in Commodore Place were built between 1955 and 2024, with a median year built of 1967 (FL DOR 2025 roll).
Who is the best real estate agent for Commodore Place?
The best agent for Commodore Place is one who actively works Fort Walton Beach and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Commodore Place.
How do I find a top Fort Walton Beach real estate agent who knows Commodore Place?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Commodore Place and the wider Fort Walton Beach area.
Can Momentum Realty connect me with an agent for Commodore Place?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Commodore Place purchase or sale - no call center and no pressure.
Where is Commodore Place, and what county is it in?
Commodore Place is in Fort Walton Beach, Okaloosa County, FL, ZIP codes 32547, 32548. The community's center is about 4 miles northwest of the center of Fort Walton Beach (straight-line).
Buyers seeking a larger single-family footprint who value an established, owner-occupied streetExcellent fit
Patient buyers comfortable waiting for limited inventory and acting decisively when a home listsExcellent fit
Renovation-minded buyers open to an original mid-century home they intend to updateExcellent fit
Buyers who need multiple homes to compare at once and dislike thin inventoryProbably not
Buyers wanting shared community amenities such as a pool or clubhouseProbably not
Buyers expecting turnkey uniformity, given the wide mix of build years and conditionsProbably not

Data sources & freshness

Live listingsEmerald Coast MLS, refreshed twice daily (last: October 1, 2026)
Housing stock & ownershipFlorida DOR assessment roll (street-list match (3 streets, ZIP 32547/32548))
Under-contract sharesEmerald Coast MLS records, as of 2026-09-20
Historical depthClosed-sale records back to 1994 (24 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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CallFree valuation →
Thinking of selling in COMMODORE PLACE? 1 recorded closings (window ending 2026-09-20). See the Okaloosa County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.

Nearby Communities

Explore more neighborhoods near Commodore Place with Momentum Realty’s local guides.

Elliotts Point0.2 mi away · 195 homes, built 1948–24Elliotts Point0.3 mi away · 175 homes, built 1948–24Elliotts Point0.4 mi away · median $425K, 13 sales/12 moElliotts Point0.4 mi away · median $346K, 6 sales/12 moForest Place S D0.4 mi away · 102 homes, built 1945–24Elliotts Point0.6 mi away · 3 for saleFPFerry Park0.7 mi away · 1 for salePark Place0.7 mi away · 76 homes, built 1952–23, 1 for sale

Browse all neighborhood guides →

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