Lakewood
Homes for Sale in Crestview, FL

A compact, older Crestview subdivision of 28 homes with no identified community amenities; the appeal here is a low-key established neighborhood rather than a package of extras. With a homestead share around 61%, most homes are owner-occupied.

Emerald Coast MLS sales records identify 8 homes in LAKEWOOD that have changed hands since 2002, built between 1979 and 1996 (median 1980), with a median living area of about 1,175 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.

Lakewood is too small for its own price trend, so here is the market around it.

In ZIP 32539, 434 homes are on the market and 28% are under contract — a steady corner of Crestview.

Across Okaloosa County, 2,265 homes are active and 765 pending (25% under contract).

In ZIP 32539 (Crestview), 538 homes closed in the last 12 months at a median of $322K, up 7.5% year over year, with a median 67 days on market. Right now 141 active and 45 pending listings put supply at about 4.3 months — a balanced market. See the live ZIP 32539 housing market and the Okaloosa County market.

ZIP and county figures describe the wider market, not Lakewood specifically. Momentum Research analysis of MLS records.

The homes date from 1971 to 2006, with a median build near the late 1970s, so you are largely buying into an era of solid, straightforward construction rather than open-concept new builds. At a median of roughly 1,400 square feet, floor plans lean practical and manageable. Expect variation home to home in how much of the original house remains.

An owner-occupancy share around 61% points to a neighborhood held more by residents than investors, which tends to mean steadier upkeep across the street. With no amenities identified from current listings, there are no HOA extras to pay for — and none to lean on — so value comes down to the individual house and its lot.

In a 28-home neighborhood, comparables are thin and condition drives everything, so a broker who has actually walked these homes matters more than any algorithm. We price to the house in front of us — roof, systems, updates — and we tell you plainly when an original home is priced like a renovated one.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.