Lakewood S/D
Homes for Sale in Crestview, FL

Lakewood S/D is a compact, largely owner-occupied subdivision in Crestview where an older housing stock and a modest median footprint set the tone. Expect to evaluate homes one at a time — the age range here means condition drives almost everything.

Emerald Coast MLS sales records identify 17 homes in LAKEWOOD S/D that have changed hands since 2001, built between 1965 and 2025 (median 1968), with a median living area of about 1,238 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 S/D is too small for its own price trend, so here is the market around it.

In ZIP 32536, 257 homes are on the market and 32% are under contract — a fast-moving corner of Crestview.

Across Okaloosa County, 1,890 homes are active and 551 pending (23% under contract).

In ZIP 32536 (Crestview), 425 homes closed in the last 12 months at a median of $322K, up 3.9% year over year, with a median 73 days on market. Right now 122 active and 57 pending listings put supply at about 3.9 months — a balanced market. See the live ZIP 32536 housing market and the Okaloosa County market.

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

The build range runs from 1965 to 2022, but with the median year at 1968, the bulk of Lakewood leans decidedly toward the older end. That has real implications: roofs, HVAC, electrical panels, and plumbing are the line items that separate a well-kept 1960s home from one that needs a full refresh. A newer build here is the exception, not the rule.

At roughly 1,358 median square feet, these are right-sized homes rather than sprawling floor plans. No community amenities were identified from current MLS listings, so the value proposition is the location and the individual home — not a pool, gate, or clubhouse. Buyers who want turnkey should budget for the possibility of updates; buyers willing to renovate may find the most room to add value.

In a 46-home subdivision with a wide build range, averages mislead. We price and evaluate Lakewood homes individually — reading condition, updates, and true comparables rather than leaning on a neighborhood number. That discipline protects buyers from overpaying for deferred maintenance and helps sellers position an updated home against tired stock.

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