Hammock Bay - Lanterns
Homes for Sale in Freeport, FL
All 377 homes for sale in Freeport, FL · median $428,000 · 374 homes for sale in 32439 · Walton County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
Over the 12 months ending 2026-09-20, 4 recorded sales closed at a median of $634,782, a median 11 days on market, sellers accepting 100% of original asking (+4% versus the prior year). Homes listed or recently sold were built 2025–2026 with 4 new construction; none of the 4 geocoded homes sit in a FEMA special flood hazard zone (median elevation 11 ft). At the median price and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $6,190 ($5,810 with the full homestead exemption).
Part of the Hammock Bay master-planned community in Freeport, FL — see all Hammock Bay homes for sale (140 listings across 20 villages and sections in the MLS).
| Location | Freeport, Walton County, FL · ZIP 32439 |
|---|---|
| Homes in the community | 2 (FL DOR 2025 assessment roll) |
| Amenities listed by sellers | Community Room, Exercise Room, Pickleball, Playground, Pool, Fishing |
| Sale prices, last 12 months | $634,782 median across 4 closed sales · +3.7% vs the prior 12 months |
| Days on market (closed sales) | 11 median |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 0% |
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, “HAMMOCK BAY - LANTERNS key facts,” movewithmomentum.com/neighborhoods/hammock-bay-lanterns, data as of September 20, 2026.
Lanterns sits inside the larger Hammock Bay development in Freeport, and the current median of $622,441 tells you this is a newer-construction pocket where price is driven more by home size, finish level, and lot than by any single amenity line item. With no community amenities surfacing from current MLS listings, what you're paying for is the house itself and the location within Walton County, not a resort-style feature set baked into the price.
At a median 28.5 days on market, homes here are moving at a measured pace — not a frenzy, not a stall. That's a market where a well-prepared buyer has room to do diligence without dawdling, and a seller who prices to the condition and finish of the home rather than to hope tends to transact inside a month. With only 6 closings in the window, read every comp carefully; a single unusual sale can distort the picture.
Hammock Bay - Lanterns right now
🟡 Still climbing. The trailing-12-month median ($635K) is up 3.7% from the prior 12 months ($612K). With about 4 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Emerald Coast MLS closed sales, 12-month windows ending September 20. Confidence: Low (4 and 3 sales in the two windows).
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· 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
Nearby homes for sale
No active listings inside HAMMOCK BAY - LANTERNS 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
Hammock Bay - Lanterns market snapshot (as of September 20, 2026): the median sale price is about $635K, and a median 12 days on market for closed sales. The trailing-12-month median is up 4% from the prior 12 months, computed from record-level Emerald Coast MLS closed sales (4 closings in the current window).
In ZIP 32439 (Freeport), 679 homes closed in the last 12 months at a median of $385K, down 3.3% year over year, with a median 70 days on market. Right now 301 active and 108 pending listings put supply at about 5.5 months — a buyer's market. See the live ZIP 32439 housing market and the Walton County market.
Emerald Coast MLS sales records identify 6 homes in HAMMOCK BAY - LANTERNS that have changed hands since 2025, built between 2025 and 2026 (median 2025), with a median living area of about 3,010 sq ft and a typical 4-bedroom, 3-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.
Lanterns is a defined enclave within Hammock Bay in Freeport, Walton County — newer housing stock where value tracks the individual home's size and finish rather than a shared amenity package.
The setting & the homes.
Aerial and on-site photos of Hammock Bay - Lanterns. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Hammock Bay - Lanterns
Hammock Bay - Lanterns
Hammock Bay - Lanterns
Hammock Bay - LanternsPhotos from Emerald Coast MLS listings in Hammock Bay - Lanterns; content deemed reliable but not guaranteed.
Who Hammock Bay - Lanterns is best for.
Best for
- Buyers targeting newer housing stock in Walton County with a budget centered around the low-$600s median
- Buyers who value the home and location over shared community amenities
- Sellers willing to price to their home's finish and condition to transact inside about a month
Probably not for
- Buyers whose priority is a resort-style amenity set, which current listings don't reflect
- Buyers who need a deep bench of recent comps to feel confident on value
- Sellers expecting the median to carry a home that doesn't match it on condition or finish
Housing distress & ownership in HAMMOCK BAY - LANTERNS, Freeport
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.
Hammock Bay - Lanterns 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.
The Hammock Bay - Lanterns buying strategy.
If we were buying in Hammock Bay - Lanterns 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 Hammock Bay - Lanterns.
What actually moves price in Lanterns
Because no amenities are identified from current listings, the pricing conversation here is almost entirely a home-by-home one: square footage, layout, lot position, and how recently and how well the interior was finished. Expect a wide spread around the $622,441 median depending on condition — two homes on the same street can justify very different numbers based on what's behind the front door.
The thin closings count of 6 is the number to respect. It means individual sales carry outsized weight in any analysis, and it means both sides of a deal should lean on the specifics of a subject home rather than assume the median describes it. A 28.5-day median tells you buyers here are decisive but not reckless — sharp pricing and clean presentation still matter.
The location and the amenities are priced into every listing in Hammock Bay - Lanterns. 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 Hammock Bay - Lanterns 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 (5.6). Basis: Recent Direction +3.7% year-over-year; Owner Commitment 0% owner-occupied; Pricing Power 100.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
With a small sample of recent closings, the danger is leaning on a median that may not describe your specific home. We read each comparable individually, weight for condition and finish, and price to what the current market will actually pay in Hammock Bay — not to a rounded number. On the buy side, we'll help you separate a fairly priced home from an optimistic one inside the roughly month-long window most listings get.
Hammock Bay - Lanterns 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 Hammock Bay - Lanterns 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 Hammock Bay - Lanterns sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Hammock Bay - Lanterns, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Hammock Bay - Lanterns home worth?
Get a no-obligation home value based on real comparable sales in Hammock Bay - Lanterns, 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 Freeport →
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Walton 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 · Walton 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.
Frequently Asked Questions
What is the median home price in Hammock Bay - Lanterns?
How long do homes in Hammock Bay - Lanterns take to sell?
How many homes are in Hammock Bay - Lanterns?
What share of Hammock Bay - Lanterns is owner-occupied?
Who is the best real estate agent for Hammock Bay - Lanterns?
How do I find a top Freeport real estate agent who knows Hammock Bay - Lanterns?
Can Momentum Realty connect me with an agent for Hammock Bay - Lanterns?
Where is Hammock Bay - Lanterns, and what county is it in?
Should you buy in Hammock Bay - Lanterns?
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 (1 streets, ZIP 32439)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2025 (7 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 HAMMOCK BAY - LANTERNS fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
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