Kelly Hill Estates
Homes for Sale in Valparaiso, FL
All 14 homes for sale in Valparaiso, FL · median $589,500 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of November 2026, Kelly Hill Estates in Valparaiso, FL has 1 home for sale. Kelly Hill Estates is a community in Valparaiso, Okaloosa County, FL. Across Valparaiso as a whole, 71 homes closed in the last 12 months at a median of $397,000, 38 median days on market, with 14 homes for sale today. At that median and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $5,120 ($4,610 with the full homestead exemption).
Kelly Hill Estates is a small, established pocket in Valparaiso — 91 homes, built across a long stretch from 1955 to 2017, with a median build year of 1986. That spread is the story: what you pay here is driven far more by condition and updates than by any uniform product type. A renovated home and a dated one can sit in the same community, and the median price reflects a wide mix, not a tidy tier. Expect to underwrite each home on its own merits.
Inventory is thin — just 2 active listings against a backdrop of one recent closing in the window we track. With roughly half the homes homesteaded, owner-occupancy is meaningful and turnover is modest, so listings don't come often. For a seller that scarcity is leverage; for a buyer it means patience and a willingness to move when the right condition-and-price combination appears.
Figures in this note are as of July 25, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
A compact, owner-heavy enclave of modest-footprint homes in Valparaiso — the median living area sits near 1,214 square feet — where age and updates, not floor plan, set the price.
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 Kelly Hill Estates is best for.
Best for
- Buyers seeking a modest-footprint home in an established Valparaiso setting and willing to wait for the right listing
- Owner-occupants comfortable evaluating an older home's systems and updates before committing
- Value-focused buyers open to a renovation project given the community's age range
Probably not for
- Buyers who want new construction or square footage well above the roughly 1,214-square-foot median
- Buyers who require community amenities like a pool, gate, or clubhouse
- Buyers on a tight timeline who need multiple options to compare at once
The market around Kelly Hill Estates
Kelly Hill Estates is too small for its own price trend, so here is the market around it.
Across Okaloosa County, 1,691 homes are active and 403 pending (19% under contract).
ZIP and county figures describe the wider market, not Kelly Hill Estates specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Kelly Hill Estates
Live MLS inventory for Kelly Hill Estates. 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 Kelly Hill Estates listings as of 2026-11-11, 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
- Okaloosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Edge · Elementary
- Lewis · Middle
- Niceville · High
Zoned schools reflect the assignments reported on recent Kelly Hill Estates 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 Kelly Hill Estates address.
Shop the zone: Homes zoned for Niceville High School
The Kelly Hill Estates buying strategy.
If we were buying in Kelly Hill Estates 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 Kelly Hill Estates.
A condition-driven small market
The housing stock here is genuinely varied in age, ranging from mid-1950s construction to homes finished as recently as 2017. With a median year built of 1986 and a median living area around 1,214 square feet, this is a place of right-sized homes rather than sprawling new builds. Buyers should read each roof, system, and kitchen carefully, because the range in vintage means the range in remaining useful life is just as wide.
No community amenities show up in current MLS listings — no pool, gate, or association infrastructure to price in or maintain. That keeps carrying costs simple and puts the full value question on the house and the lot. With only 2 homes active and a light recent closing pace, comparable sales are limited, so pricing takes real local judgment rather than a quick pull of nearby sales.
The location and the amenities are priced into every listing in Kelly Hill Estates. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Thin inventory and a wide age spread make this a market where general comps mislead. We price and evaluate each home against its actual condition and updates, watch the handful of active and recently closed listings closely, and help you move decisively when the right one surfaces — because in a 91-home enclave, the right home doesn't come along often.
Kelly Hill Estates in 15 seconds.
Tools for a Kelly Hill Estates 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 Kelly Hill Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Kelly Hill Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Kelly Hill Estates home worth?
Get a no-obligation home value based on real comparable sales in Kelly Hill Estates, 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 Kelly Hill Estates?
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 11, 2026) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-11-09 |
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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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. A Momentum agent can price yours against live local comps.
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See how KELLY HILL ESTATES fits the bigger picture — live prices, inventory, and Momentum Scores: