Lakewood S/D
Homes for Sale in Crestview, FL
All 419 homes for sale in Crestview, FL · median $325,900 · 113 homes for sale in 32536 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 18 closed sales in Lakewood S/D in Crestview, FL since 2001, the most recent in July 2025. Across Crestview as a whole, 575 homes closed in the last 12 months at a median of $321,973, 71 median days on market, with 187 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).
Lakewood S/D is a small, established pocket in Crestview — 46 homes with a median build year of 1968, though the range stretches all the way to 2022. That spread tells you the story: this is an older subdivision where condition, updates, and the occasional newer infill build are what move price, not a uniform product type. There is no single 'Lakewood house.'
With a median around 1,358 square feet and a homestead share near 64%, this reads as a settled, owner-occupied enclave rather than a churn-heavy investor block. For a buyer, that means fewer listings and a market where the individual home's mechanicals and renovation history matter more than any neighborhood average. For a seller, honest condition disclosure and a realistic read on comparable updated stock is where deals are won or lost.
Nearby homes for sale
No active listings inside LAKEWOOD S/D 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
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.
Who Lakewood S/D is best for.
Best for
- Buyers seeking a right-sized home who will vet mechanicals and renovation history closely
- Value-focused buyers open to updating an older home to build equity through improvements
- Long-term owner-occupants who want a small, stable subdivision over a high-turnover build
Probably not for
- Buyers who want a turnkey, newly built home and won't consider dated systems
- Buyers who require community amenities like a pool, gate, or clubhouse
- Buyers needing a large square-footage floor plan above this subdivision's modest median
The market around Lakewood S/D
Lakewood S/D is too small for its own price trend, so here is the market around it.
In ZIP 32536, 328 homes are on the market and 35% are under contract — a fast-moving corner of Crestview.
Across Okaloosa County, 2,265 homes are active and 765 pending (25% under contract).
In ZIP 32536 (Crestview), 433 homes closed in the last 12 months at a median of $322K, up 6.6% year over year, with a median 73 days on market. Right now 123 active and 60 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.
Lakewood S/D by the numbers
From county property records and closed MLS sales for the Lakewood S/D subdivision: 16 homes on record; built 1965–2025; typical size about 1,244 heated sq ft; 3 bedrooms is the median. Housing mix: single-family 100%.
| Year | Recorded sales | Median price |
|---|---|---|
| 2018 | 2 | $101,950 |
| 2019 | 3 | $95,000 |
| 2021 | 1 | $125,000 |
| 2023 | 1 | $180,000 |
| 2024 | 1 | $185,000 |
| 2025 | 1 | $351,500 |
Newest recorded sale: $351,500 on 2025-07-11.
Recorded data as of 2026-09-12; counts cover addresses tagged to this subdivision in the public record, not every parcel. Not an appraisal.
Housing distress & ownership in LAKEWOOD S/D, 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 S/D buying strategy.
If we were buying in Lakewood S/D 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 S/D.
An older Crestview pocket where condition is the variable
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.
The location and the amenities are priced into every listing in Lakewood S/D. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
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.
Lakewood S/D 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 S/D 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 S/D sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Lakewood S/D, 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 S/D home worth?
Get a no-obligation home value based on real comparable sales in Lakewood S/D, 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 Lakewood S/D?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2001 (18 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.
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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. 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.
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See how LAKEWOOD S/D fits the bigger picture — live prices, inventory, and Momentum Scores:
Common questions about Lakewood S/D
Where is Lakewood S/D?
Lakewood S/D is a community in Crestview, Okaloosa County, Florida, ZIP 32536 / 32539.
How many homes are in Lakewood S/D?
County property records list 16 homes in Lakewood S/D, built between 1965 and 2025; the typical home is about 1,244 heated square feet.
What do homes in Lakewood S/D sell for?
Lakewood S/D has no MLS sales in the last 12 months. The most recent year with recorded sales on file is 2025 (1 sale, median $351,500). For context, ZIP 32536 has 328 homes on the market with 35% under contract.
Are there homes for sale in Lakewood S/D right now?
No active listings inside Lakewood S/D at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Lakewood S/D have an HOA or CDD?
No HOA is on record for Lakewood S/D in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
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