Forest Cove
Homes for Sale in Mary Esther, FL
All 67 homes for sale in Mary Esther, FL · median $324,900 · 74 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 October 2026, Forest Cove 1ST Addn in Mary Esther, FL has 1 home for sale. Homes listed or recently sold were built 1993–1994; none of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 29 ft).
| Location | Mary Esther, Okaloosa County, FL · ZIP 32569 |
|---|---|
| Homes in the community | 22 (FL DOR 2025 assessment roll) |
| Years built | 1972–2003 (median 1993.0) |
| Typical living area | 1,990 sq ft (median) |
| For sale right now | 1 active, 0 pending · median asking $395,000 · 6.0 months of supply |
| Owner-occupied (homestead) share | 73% |
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, “FOREST COVE 1ST ADDN key facts,” movewithmomentum.com/neighborhoods/forest-cove-1st-addn, data as of September 20, 2026.
Forest Cove 1st Addn is a small, established pocket in Mary Esther — 26 homes, with construction spanning 1972 to 2017 and a median build year of 1993. That range tells you the story: this is not a uniform subdivision but a mix of original stock and later infill, so price here is driven by condition and how much updating a given home has seen rather than by a common floor plan or vintage. The median home sits just under 2,000 square feet, so most of what trades is a functional, mid-size house.
With only one active listing against 26 homes, supply is thin and turnover is limited. For a buyer that means patience — you may wait for the right house rather than choose among several. For a seller it means a well-prepared, correctly-priced home has little direct competition, but the wide spread in age and condition makes pricing an appraisal-and-comparables exercise, not a guess off the neighbor's sale.
Forest Cove right now
🟡 Balanced market. 6.0 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, 0 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
A compact, owner-heavy enclave in Mary Esther where roughly 73% of homes carry a homestead exemption — a sign of long-term ownership rather than heavy investor churn. Inventory is scarce, so both sides should plan around limited choice.
Emerald Coast MLS sales records identify 24 homes in FOREST Cove that have changed hands since 2001, built between 1992 and 2017 (median 1993), with a median living area of about 1,980 sq ft and a typical 4-bedroom, 2.5-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.
The setting & the homes.
Aerial and on-site photos of Forest Cove. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Forest Cove
Forest Cove
Forest CovePhotos from Emerald Coast MLS listings in Forest Cove; content deemed reliable but not guaranteed.
Who Forest Cove is best for.
Best for
- Buyers seeking a long-hold home in an established, owner-occupied setting who can be patient on inventory
- Renovation-comfortable buyers willing to trade an older build for value, with budget for updates
- Buyers wanting a mid-size single-family home near the ~1,964 sqft median without paying for amenities they won't use
Probably not for
- Buyers who need multiple options to compare in a short window
- Buyers wanting new-construction uniformity and predictable, same-vintage pricing
- Buyers who prioritize shared community amenities like a pool or clubhouse
The market around Forest Cove
Forest Cove is too small for its own price trend, so here is the market around it.
In ZIP 32569, 115 homes are on the market and 31% are under contract — a fast-moving corner of Mary Esther.
Across Okaloosa County, 1,890 homes are active and 551 pending (23% under contract).
In ZIP 32569 (Mary Esther), 304 homes closed in the last 12 months at a median of $325K ($218/sq ft), up 0.1% year over year, with a median 51 days on market. Right now 77 active and 41 pending listings put supply at about 3.9 months — a balanced market. See the live ZIP 32569 housing market and the Okaloosa County market.
ZIP and county figures describe the wider market, not Forest Cove specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in FOREST COVE 1ST ADDN, 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.
Homes For Sale Right Now in Forest Cove
Live MLS inventory for Forest Cove. 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 Forest Cove 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 Forest Cove 1St Addn Right Now (1)
All 1 active and pending Forest Cove 1St Addn listings with a detail page, newest first, refreshed twice a day from the MLS.
- 492 Spring Brook Lane · $395,000 · 3 bd / 2.5 ba · listed Jul 2, 2026 · listed by Real Broker LLC
Forest Cove 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
- Florosa · Elementary
- Bruner · Middle
- Fort Walton Beach · High
Zoned schools reflect the assignments reported on recent Forest Cove 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 Forest Cove address.
Shop the zone: Homes zoned for Fort Walton Beach High School
Recent Developments in Forest Cove 1st Addn
Development, infrastructure, retail, and school activity affecting Forest Cove 1st Addn, 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 7 miles north of Forest Cove 1st Addn.
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 25 miles north of Forest Cove 1st Addn, 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 21 miles north of Forest Cove 1st Addn, 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 Forest Cove buying strategy.
If we were buying in Forest Cove 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 Forest Cove.
Condition, not vintage, sets the number
Because homes here were built across four-plus decades, no single median price captures the market cleanly — a 1972 original and a 2017 build are very different transactions even at similar square footage. Expect a meaningful spread tied almost entirely to updates, systems, and finish level. Diligence on roof, HVAC, and any renovation history matters more here than in a tract of identical, same-year homes.
The high homestead share, at about 73%, points to a neighborhood held by owner-occupants who tend to stay. That supports stability but also explains the thin listing count: when few homes turn over, the ones that do carry weight in setting comparables. There are no community amenities identified from current MLS listings, so value rests on the house and its Mary Esther location within Okaloosa County, not on shared facilities.
The location and the amenities are priced into every listing in Forest Cove. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a 26-home pocket with one active listing, the edge is local knowledge and timing — knowing which homes have been updated, reading thin comps honestly, and being ready to move when the right house lists. We price to condition and defensible comparables, not wishful rounding, and we will tell you plainly when a given home's age or systems argue for a different number.
Forest Cove 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 Forest Cove 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 Forest Cove sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Forest Cove, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Forest Cove home worth?
Get a no-obligation home value based on real comparable sales in Forest Cove, 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 →
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.
29% of homes for sale in ZIP 32569 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 Forest Cove a buyer's or seller's market right now?
How many homes are in Forest Cove?
What share of Forest Cove is owner-occupied?
When were the homes in Forest Cove built?
Who is the best real estate agent for Forest Cove?
How do I find a top Mary Esther real estate agent who knows Forest Cove?
Can Momentum Realty connect me with an agent for Forest Cove?
Where is Forest Cove, and what county is it in?
Should you buy in Forest Cove?
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 (3 streets, ZIP 32569)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 1997 (19 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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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how FOREST COVE 1ST ADDN fits the bigger picture — live prices, inventory, and Momentum Scores:
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