Drake
Homes for Sale in Mary Esther, FL
All 64 homes for sale in Mary Esther, FL · median $324,900 · 66 homes for sale in 32569 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of November 2026, the MLS records 1 closed sale in Drake in Mary Esther, FL, the most recent in October 2026. Across Mary Esther as a whole, 253 homes closed in the last 12 months at a median of $325,000, 106 median days on market, with 67 homes for sale today. At that median and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $4,190 ($3,680 with the full homestead exemption).
Last 30 days in Drake: 1 closed sale (median $310,000). As of November 11, 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.
Drake is a small pocket in Mary Esther with a single active listing on the MLS as of mid-2026. With inventory this thin, price here is set almost entirely by the specific home that happens to be available — its condition, layout, and lot — not by any broad neighborhood trend. There is no meaningful spread to read, because there is essentially one data point.
For a buyer, that means patience and flexibility: you are shopping a moment, not a menu, and you may need to move when the right home surfaces. For a seller, a low-competition backdrop can work in your favor, but it also means fewer recent comparables to lean on, so pricing has to be anchored to the home's own merits and a careful look at the wider Mary Esther and Okaloosa market.
Figures in this note are as of July 26, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside DRAKE 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
Drake is a compact community in Mary Esther, western Okaloosa County, currently showing a single listing on the MLS. It is best understood as a quiet residential pocket rather than an amenitized development.
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 Drake is best for.
Best for
- Buyers committed to the Mary Esther area who can be patient and pounce when a listing surfaces
- Those who value a quiet residential pocket over pools, clubhouses, or gated amenities
- Buyers comfortable evaluating a home on its own condition and lot rather than a busy comp set
Probably not for
- Buyers who need several homes to compare side by side right now
- Anyone whose budget depends on amenity-driven value like a community pool or clubhouse
- Sellers or buyers who want a deep bank of recent neighborhood comps to anchor price
The market around Drake
Drake is too small for its own price trend, so here is the market around it.
In ZIP 32569, 84 homes are on the market and 18% are under contract — a slower corner of Mary Esther.
Across Okaloosa County, 1,691 homes are active and 403 pending (19% under contract).
In ZIP 32569 (Mary Esther), 64 homes closed in the last 12 months at a median of $325K, up 10.3% year over year, with a median 68 days on market. Right now 41 active and 12 pending listings put supply at about 7.7 months — a buyer's market. See the live ZIP 32569 housing market and the Okaloosa County market.
ZIP and county figures describe the wider market, not Drake specifically. Momentum Research analysis of MLS records.
The Drake buying strategy.
If we were buying in Drake 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 Drake.
A one-listing market
No community amenities surface from current MLS listings in Drake, so the draw here is location and the individual home rather than shared facilities like a pool, clubhouse, or gated entry. That is common for smaller Mary Esther pockets and is not a knock — it simply shifts the focus to what a specific property offers.
Mary Esther sits in western Okaloosa County along the Emerald Coast corridor, convenient to the area's beaches and the broader Fort Walton Beach services. With only one home active in Drake, anyone serious about the area should treat it as part of a wider Mary Esther search and be ready to act when a listing that fits comes up.
The location and the amenities are priced into every listing in Drake. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this thin, the value we add is legwork and judgment: tracking new Drake and greater Mary Esther listings the moment they hit, pulling comparables from the wider Okaloosa market when the community itself gives you almost none, and helping you price or negotiate a single home on its own merits rather than a trend that does not exist yet.
Drake in 15 seconds.
Tools for a Drake 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 Drake sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Drake, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Drake home worth?
Get a no-obligation home value based on real comparable sales in Drake, 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 Mary Esther →
Recently off market in DRAKE
Homes in DRAKE 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.
- 608 Drakes Landing · off market
| Location | Mary Esther, Okaloosa County, FL · ZIP 32569 |
|---|---|
| Homes in the community | 13 (FL DOR 2025 assessment roll) |
| Years built | 1987–1990 (median 1989) |
| Typical living area | 1,564 sq ft (median) |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 23% |
Data as of November 9, 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, “Drake key facts,” movewithmomentum.com/neighborhoods/drake, data as of November 9, 2026.
Housing distress & ownership in DRAKE, Mary Esther
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.
More Mary Esther home searches
- All homes for sale in Mary Esther, FL
- Homes for sale in Okaloosa County, FL
- Mary Esther home values: what is my house worth?
- ZIP 32569 housing scorecard
- 8 coming-soon communities in Okaloosa County
Mary Esther guides & data
- Market data
- Property taxes (Okaloosa County)
- Homestead exemption (Okaloosa County)
- Home insurance cost
- New construction
- New construction (Okaloosa County)
- Home builders (Okaloosa County)
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
- How to stop a foreclosure in Florida
- Florida documentary stamp tax, explained
- Cheapest places to live in Florida
Email me new listings in Drake
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Drake
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Drake will answer, and the answer is published on this page for the next buyer.
Recent Developments in Drake
Development, infrastructure, retail, and school activity affecting Drake, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Infrastructure
Okaloosa outlines Gap Creek drainage projects and permitting hurdles in Fort Walton Beach
County staff described five stormwater efforts, including the Overbrook drainage work, a planned 2.67-acre Sylvania Heights stormwater park estimated at $4 million, and Lloyd Street and Mayflower Avenue improvements expected to go to bid in early 2027. Air Force environmental review and state and Army Corps permits for dredging complicate the timeline.
What it may mean for the marketPlanned drainage upgrades could reduce flooding exposure in the Gap Creek basin over time, though permitting delays mean relief is likely several years out. The project is about 6 miles west of Drake, elsewhere in Okaloosa County.
Source: Get The Coast - October 2026Retail & Dining
7 Brew drive-thru coffee stand opens on Beal Parkway in Fort Walton Beach
The stand at 799 Beal Parkway opened Oct. 19 and is the chain's second in Fort Walton Beach. It is expected to add 75 local jobs, and an opening fundraiser raised $4,661 for an equine therapy nonprofit.
What it may mean for the marketA new drive-thru option along Beal Parkway adds early-morning and late-night food and beverage access and about 75 jobs nearby. The project is about 6 miles west of Drake, elsewhere in Okaloosa County.
Source: Get The Coast - October 2026Retail & Dining
TJ Maxx to open 33,865-square-foot Destin store Nov. 1 at Paradise Key
The off-price retailer opens at 4437 Commons Drive East with a grand opening from 8 a.m. to 8 p.m. on Nov. 1. Regular hours run 9:30 a.m. to 9:30 p.m. daily, and the store sells apparel, accessories, jewelry, and home and beauty goods.
What it may mean for the marketA new national off-price anchor adds everyday shopping close to Destin's commercial corridor and may shorten trips for retail needs. The project is about 6 miles southeast of Drake, elsewhere in Okaloosa County.
Source: Get The Coast - October 2026Parks & Amenities
Okaloosa and Cinco Bayou open upgraded boat ramp with new trailer parking
Okaloosa County and the Town of Cinco Bayou held a ribbon cutting for upgraded boat ramp facilities, including 16 new boat trailer parking spaces, a new restroom and landscaping. The $4.1 million total, funded largely by tourism development funds, also covers the $2.95 million purchase of a former bank building at 198 Eglin Parkway NE. Future dock improvements are planned.
What it may mean for the marketAdded trailer parking and ramp access improve waterfront recreation access for Fort Walton Beach area boaters. The project is about 5 miles west of Drake, elsewhere in Okaloosa County.
Source: Get The Coast - September 2026Parks & Amenities
Destin and Okaloosa County agree on management of 4-acre Holiday Isle state park
Destin and Okaloosa County unanimously agreed to back Destin as manager and developer of the roughly four-acre state-acquired park on Holiday Isle near Norriego Point. In return, Destin council voted 5-2 to offer free parking to all Okaloosa County residents at city-owned lots and parks. The deal still requires state Board of Trustees and DEP review.
What it may mean for the marketManagement of the Holiday Isle park and city parking rules will affect public waterfront access and parking in Destin. The site is about 3 miles south of Drake.
Source: Get The Coast - 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 6 miles north of Drake.
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.
Frequently Asked Questions
How many homes are in Drake?
What share of Drake is owner-occupied?
When were the homes in Drake built?
Who is the best real estate agent for Drake?
How do I find a top Mary Esther real estate agent who knows Drake?
Can Momentum Realty connect me with an agent for Drake?
Where is Drake, and what county is it in?
Should you buy in Drake?
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: November 12, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32569)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-11-09 |
| Historical depth | Closed-sale records back to 2026 (1 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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