Lakewood
Homes for Sale in Crestview, FL
All 420 homes for sale in Crestview, FL · median $329,900 · 212 homes for sale in 32539 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of October 2026, the MLS records 10 closed sales in Lakewood 1ST Addn in Crestview, FL since 2007, the most recent in February 2026. Across Crestview as a whole, 571 homes closed in the last 12 months at a median of $321,973, 71 median days on market, with 184 homes for sale today. At that median and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $4,150 ($3,640 with the full homestead exemption).
| Location | Crestview, Okaloosa County, FL · ZIP 32539 |
|---|---|
| Homes in the community | 28 (FL DOR 2025 assessment roll) |
| Years built | 1971–2006 (median 1978.5) |
| Typical living area | 1,408 sq ft (median) |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 61% |
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, “LAKEWOOD 1ST ADDN key facts,” movewithmomentum.com/neighborhoods/lakewood-1st-addn, data as of September 20, 2026.
Lakewood 1st Addn is a small, established pocket of Crestview with 28 homes built between 1971 and 2006. What sets price here is condition, not location premiums or amenities, since none are identified from current MLS listings. With a median living area right around 1,400 square feet, these are modest single-family homes, and the spread you see in asking prices will track how much a given home has been updated versus left original.
For buyers, that means the work is in the walk-through: an updated roof, systems, and interior can justify the top of the range, while an original home priced the same is a negotiation. For sellers, the older housing stock cuts both ways — a well-maintained or renovated home stands out clearly in a small pool, but deferred maintenance shows immediately against neighbors. Price to condition, not to hope.
Nearby homes for sale
No active listings inside LAKEWOOD 1ST ADDN 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
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.
Who Lakewood is best for.
Best for
- Buyers wanting a smaller, single-story-scale footprint who plan to owner-occupy
- Value-focused buyers willing to update an older home over time
- Long-hold buyers who prefer an established street over a new subdivision
Probably not for
- Buyers who need new construction or large, modern floor plans
- Buyers who want HOA amenities like a pool or clubhouse
- Short-term flippers counting on quick, guaranteed resale gains
The market around Lakewood
Lakewood is too small for its own price trend, so here is the market around it.
In ZIP 32539, 360 homes are on the market and 24% are under contract — a steady corner of Crestview.
Across Okaloosa County, 1,890 homes are active and 551 pending (23% under contract).
In ZIP 32539 (Crestview), 527 homes closed in the last 12 months at a median of $323K, up 5.8% year over year, with a median 67 days on market. Right now 140 active and 52 pending listings put supply at about 4.2 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.
Housing distress & ownership in LAKEWOOD 1ST ADDN, Crestview
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.
The Lakewood buying strategy.
If we were buying in Lakewood 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 Lakewood.
An older, owner-occupied pocket
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.
The location and the amenities are priced into every listing in Lakewood. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
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.
Lakewood 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 Lakewood 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 Lakewood sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Lakewood, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Lakewood home worth?
Get a no-obligation home value based on real comparable sales in Lakewood, 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 Crestview →
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.
Frequently Asked Questions
How many homes are in Lakewood?
What share of Lakewood is owner-occupied?
When were the homes in Lakewood built?
Who is the best real estate agent for Lakewood?
How do I find a top Crestview real estate agent who knows Lakewood?
Can Momentum Realty connect me with an agent for Lakewood?
Where is Lakewood, and what county is it in?
Should you buy in Lakewood?
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 6, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32539)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2007 (10 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 →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how LAKEWOOD 1ST ADDN fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Lakewood with Momentum Realty’s local guides.