Fairway Lakes
Homes for Sale in Niceville, FL
All 154 homes for sale in Niceville, FL · median $487,000 · 154 homes for sale in 32578 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of November 2026, the MLS records 1 closed sale in Fairway Lakes Ph II in Niceville, FL, the most recent in October 2026. Across Niceville as a whole, 61 homes closed in the last 12 months at a median of $519,000, 26 median days on market, with 152 homes for sale today. At that median and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $6,690 ($6,180 with the full homestead exemption).
Fairway Lakes Ph II is running a single active listing as of late July 2026, so there is no depth to average away. With inventory this thin, one home sets the tone: its condition, its pricing, and how motivated that one seller is will define what a buyer can negotiate. There is no meaningful spread to point to, which means price here is driven by the individual property rather than a broad community trend.
For a buyer, the posture is patience plus readiness — when a market is this small, the right home may not sit for long, and you may wait weeks for the next option to surface. For a seller, the flip side is real leverage: with essentially no competing supply, a well-prepared listing does not have to fight for attention. The catch is that thin data cuts both ways, and pricing off a single comparable is guesswork without careful analysis.
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 Fairway Lakes Ph II 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
Fairway Lakes Ph II is a small residential pocket in Niceville, Okaloosa County. With just one active listing right now, this is a low-turnover community where availability, not selection, is the constraint.
Emerald Coast MLS sales records identify 37 homes in Fairway Lakes that have changed hands since 2005, built between 1988 and 2002 (median 1990), with a median living area of about 1,667 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.
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 Fairway Lakes is best for.
Best for
- Buyers set on Fairway Lakes Ph II specifically and willing to wait for inventory to surface
- Buyers who can act quickly and decisively when a single home comes to market
- Sellers wanting to list into a market with essentially no competing supply
Probably not for
- Buyers who need several homes to compare before committing
- Buyers on a tight timeline who cannot wait for the next listing
- Buyers wanting community amenities, since none are identified from current listings
The market around Fairway Lakes
Fairway Lakes is too small for its own price trend, so here is the market around it.
In ZIP 32578, 224 homes are on the market and 30% are under contract — a steady corner of Niceville.
Across Okaloosa County, 1,691 homes are active and 403 pending (19% under contract).
In ZIP 32578 (Niceville), 61 homes closed in the last 12 months at a median of $519K, with a median 26 days on market. Right now 25 active and 16 pending listings. See the live ZIP 32578 housing market and the Okaloosa County market.
ZIP and county figures describe the wider market, not Fairway Lakes specifically. Momentum Research analysis of MLS records.
The Fairway Lakes buying strategy.
If we were buying in Fairway Lakes 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 Fairway Lakes.
A one-listing market
The defining fact of Fairway Lakes Ph II today is scarcity of supply. A single active listing means there is no range to shop against and no easy way to triangulate value from within the community itself. Anyone serious here should be prepared to lean on comparables from the surrounding Niceville market and to move deliberately when the right home appears.
No community amenities surface from the current MLS listings, so the draw here is the home and the location rather than shared facilities or built-in features. That keeps the buying decision property-specific: what you pay should track the condition and merits of the individual house, not an amenity package.
The location and the amenities are priced into every listing in Fairway Lakes. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market with one listing and no internal comps, the value we add is disciplined pricing and honest expectation-setting. We pull the wider Niceville data, tell you what a single-home market can and cannot support, and keep you ready to act when the next property comes online rather than reacting to hype.
Fairway Lakes in 15 seconds.
Tools for a Fairway Lakes 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 Fairway Lakes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Fairway Lakes, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Fairway Lakes home worth?
Get a no-obligation home value based on real comparable sales in Fairway Lakes, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Should you buy in Fairway Lakes?
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: July 25, 2026) |
| 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.
Recent Developments in Fairway Lakes Ph Ii
Development, infrastructure, retail, and school activity affecting Fairway Lakes Ph Ii, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- 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 13 miles south of Fairway Lakes Ph Ii, elsewhere in Okaloosa County.
Source: Get The Coast - October 2026Infrastructure
Okaloosa County stabilizes 180 miles of dirt roads in north county
Okaloosa County has stabilized 180 miles of dirt roads using the voter-approved infrastructure surtax, more than triple the original goal of 50 miles in five years. The roads received a limerock base topped with chip-seal or hot-mix, and the county says only a handful of roads remain. The work is in north Okaloosa County.
What it may mean for the marketPaved rural roads in north Okaloosa could improve year-round access and reduce road maintenance costs for areas near Crestview. The project is about 13 miles north of Fairway Lakes Ph Ii, elsewhere in Okaloosa County.
Source: Get The Coast - September 2026Civic
Okaloosa commissioners reject 12-month data center moratorium 3-2
Okaloosa County commissioners voted 3-2 on September 15 against a 12-month data center moratorium. On September 3 the board unanimously directed staff to develop a regulatory framework for data centers, with an outline due within 60 days. No specific project or site was proposed, and commissioners discussed protecting the Shoal River Industrial Park.
What it may mean for the marketThe pending rules will shape where large power-and-land-intensive facilities can locate in the county, including industrial land near Crestview. The site is about 10 miles north of Fairway Lakes Ph Ii.
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 southeast of Fairway Lakes Ph Ii.
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 12 miles north of Fairway Lakes Ph Ii, 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 8 miles northwest of Fairway Lakes Ph Ii, 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.
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