Kelly Hill Estates
Homes for Sale in Valparaiso, FL
All 18 homes for sale in Valparaiso, FL · median $392,450 · 18 homes for sale in 32580 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of October 2026, Kelly Hill Estates in Valparaiso, FL has 1 home for sale. As of October 2026, the MLS records 95 closed sales in Kelly Hill Estates in Valparaiso, FL since 1993, the most recent in September 2025. Across Valparaiso as a whole, 14 homes closed in the last 12 months at a median of $370,880, 30 median days on market, with 3 homes for sale today. At that median and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $4,780 ($4,270 with the full homestead exemption).
| Location | Valparaiso, Okaloosa County, FL · ZIP 32580 |
|---|---|
| Homes in the community | 91 (FL DOR 2025 assessment roll) |
| Years built | 1955–2017 (median 1986) |
| Typical living area | 1,214 sq ft (median) |
| For sale right now | 1 active, 0 pending · median asking $248,800 · 12.0 months of supply |
| Owner-occupied (homestead) share | 53% |
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, “KELLY HILL ESTATES key facts,” movewithmomentum.com/neighborhoods/kelly-hill-estates, data as of September 20, 2026.
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.
Kelly Hill Estates right now
🟢 Buyer-leaning market. 12.0 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.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, 1 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 1, 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 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.
Emerald Coast MLS sales records identify 44 homes in KELLY HILL ESTATES that have changed hands since 2002, built between 1985 and 2017 (median 1986), with a median living area of about 1,066 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.
County records show 4 qualified sales in KELLY HILL ESTATES across 2024–2025 (1 in 2024, 3 in 2025), median $275,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
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.
In ZIP 32580, 31 homes are on the market and 39% are under contract — a fast-moving corner of Valparaiso.
Across Okaloosa County, 1,890 homes are active and 551 pending (23% under contract).
In ZIP 32580 (Valparaiso), 142 homes closed in the last 12 months at a median of $370K ($166/sq ft), up 5.7% year over year, with a median 46 days on market. Right now 14 active and 15 pending listings put supply at about 1.4 months — a healthy market. See the live ZIP 32580 housing market and the Okaloosa County market.
ZIP and county figures describe the wider market, not Kelly Hill Estates specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in KELLY HILL ESTATES, Valparaiso
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 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 2026-09-30, 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 Kelly Hill Estates Right Now (1)
All 1 active and pending Kelly Hill Estates listings with a detail page, newest first, refreshed twice a day from the MLS.
- 16 Kelly Way · $246,800 · 3 bd / 2 ba · listed Aug 16, 2026 · listed by The Premier Property Group
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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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.
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 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.
See all homes for sale in Valparaiso →
Recently off market in KELLY HILL ESTATES
Homes in KELLY HILL ESTATES 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. 2 on record.
- 73 Kelly Way · off market
- 79 Kelly Way · off market
33% of homes for sale in ZIP 32580 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 (2026-10-01).
Frequently Asked Questions
Is Kelly Hill Estates a buyer's or seller's market right now?
How many homes are in Kelly Hill Estates?
What share of Kelly Hill Estates is owner-occupied?
When were the homes in Kelly Hill Estates built?
Who is the best real estate agent for Kelly Hill Estates?
How do I find a top Valparaiso real estate agent who knows Kelly Hill Estates?
Can Momentum Realty connect me with an agent for Kelly Hill Estates?
Where is Kelly Hill Estates, and what county is it in?
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: September 30, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32580)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 1993 (95 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.
Looking to buy here? Search homes for sale →
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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 KELLY HILL ESTATES fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Kelly Hill Estates with Momentum Realty’s local guides.