LEE FARM PH I
Homes for Sale in Crestview, FL

Community in Crestview · Okaloosa County · ZIP 32536
94 homesBuilt 2005–2007
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True comps, carrying-cost math, and listings before the portals.

Built fromLive emeraldcoast data21 years of closingsFL DOR public recordsUpdated twice daily
Live · LEE FARM PH I Housing Pulse emeraldcoast + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Ownership and context
78%
Owner-occupied · LEE FARM PH I
73 of 94 parcels homesteaded (FL DOR 2025)
22%
Non-owner-occupied · LEE FARM PH I
incl. 3% trust or LLC-held · 14% out-of-state
0%
Cash buyers · LEE FARM PH I
0 of 3 sales, 12 mo ending July 2020
94
Homes in the community
94 residential parcels (FL DOR 2025)
Track record · 21 years of records
Est. 2005
Community established
homes built 2005-2007, median 2005 (FL DOR 2025)
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Lee Farm Ph I is a tight, built-out pocket in Crestview — 94 homes, all raised in a short window from 2005 to 2007. When the housing stock is that uniform, floor plan and vintage do less to separate one sale from the next; condition and updates carry the pricing. A median living area right around 2,690 square feet tells you this is a subdivision of substantial single-family homes, not a starter grid, and that scale is part of what the market pays for here.

With no closings in the current window, there is no fresh comp to anchor a number, so both sides should price off condition and the broader Crestview trend rather than assume a recent sale sets the bar. A homestead share near 78% points to a stable, owner-occupied core, which usually means measured turnover and fewer listings competing at once — a seller with an updated home has room to hold a position, and a buyer should expect to move on the right one rather than wait for a wave of inventory.

Best for

  • Buyers who want more square footage and are prepared to pay for a home that has been kept current
  • Long-hold owner-occupants who value a stable, low-turnover subdivision over rapid resale churn
  • Value-minded buyers willing to take on a home that needs updates in exchange for a lower entry

Probably not for

  • Buyers whose budget assumes amenity-driven value like a pool, gym, or clubhouse
  • Buyers who want brand-new construction and current-code systems out of the box
  • Buyers who need a firm recent comp before they will commit to a number

If we were buying in LEE FARM PH I today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 LEE FARM PH I.

Best Buy
Buyers who want a larger single-family home in an established Crestview subdivision.
Biggest Risk
No recent closings means less pricing certainty; both sides work off condition and trend.
Sweet Spot
An updated home where roof and systems have already been addressed.
Avoid If
You need community amenities like a pool or clubhouse built into your purchase.

A uniform build where condition decides

Because every home here went up within a three-year stretch, the mechanical and cosmetic clock ran on roughly the same schedule community-wide. Roofs, HVAC systems, and water heaters from that era are at or past the point where replacement matters, so the practical question in Lee Farm Ph I is not how old the neighborhood is but how much a given owner has reinvested. Two houses of similar size can sit far apart on price for exactly that reason.

No community amenities show up in current MLS listings, so you are buying the house and the location, not a pool or clubhouse structure. That keeps carrying costs simpler and puts the full weight of value on the home itself. For buyers, that means a close read of what has been updated; for sellers, it means documented improvements are the clearest way to justify where you list.

The location and the amenities are priced into every listing in LEE FARM PH I. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

With no recent closing to lean on, pricing this community takes local judgment — reading condition, updates, and the wider Crestview trend rather than parroting a stale comp. That is the work we do house by house, whether we are helping you position a listing or deciding what to offer on an owner-occupied home that does not come up often.

LEE FARM PH I in 15 seconds.

Best forBuyers who want a larger single-family home in an established Crestview subdivision.
Biggest advantageA uniform, owner-occupied core with measured turnover and limited competing inventory.
Biggest riskNo recent closings means less pricing certainty; both sides work off condition and trend.
Sweet spotAn updated home where roof and systems have already been addressed.
Avoid ifYou need community amenities like a pool or clubhouse built into your purchase.

HOA, CDD & Fees

In short
  • Mandatory HOA — confirm current dues
  • 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.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed LEE FARM PH I sales matched to your home.

What is your LEE FARM PH I home worth?

Get a no-obligation home value based on real comparable sales in LEE FARM PH I, 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 homes for sale in LEE FARM PH I on the map →

Real comps, not an automated estimate.

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.

$2,193/mo
Okaloosa County typical true cost to own
$220/mo
Okaloosa County typical home insurance
Check CDD
Confirm before you offer

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 LEE FARM PH I?
The Florida DOR 2025 assessment roll shows 94 homes in LEE FARM PH I (public records).
What share of LEE FARM PH I is owner-occupied?
78% of LEE FARM PH I parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in LEE FARM PH I built?
Homes in LEE FARM PH I were built between 2005 and 2007, with a median year built of 2005.0 (FL DOR 2025 roll).
Do cash buyers compete in LEE FARM PH I?
Cash buyers took 0% of LEE FARM PH I sales in the 12 months ending July 2020 (0 of 3 closings, emeraldcoast).
Who is the best real estate agent for LEE FARM PH I?
The best agent for LEE FARM PH I is one who actively works Crestview and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for LEE FARM PH I.
How do I find a top Crestview real estate agent who knows LEE FARM PH I?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows LEE FARM PH I and the wider Crestview area.
Can Momentum Realty connect me with an agent for LEE FARM PH I?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your LEE FARM PH I purchase or sale - no call center and no pressure.
Buyers who want more square footage and are prepared to pay for a home that has been kept currentExcellent fit
Long-hold owner-occupants who value a stable, low-turnover subdivision over rapid resale churnExcellent fit
Value-minded buyers willing to take on a home that needs updates in exchange for a lower entryExcellent fit
Buyers whose budget assumes amenity-driven value like a pool, gym, or clubhouseProbably not
Buyers who want brand-new construction and current-code systems out of the boxProbably not
Buyers who need a firm recent comp before they will commit to a numberProbably not

Data sources & freshness

Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (3 streets, ZIP 32536/32539))
Historical depthClosed-sale records back to 2005 (50 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 emeraldcoast 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 emeraldcoast member average and 8 days faster, and we’ll price yours against live your area comps.

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Thinking of selling in LEE FARM PH I? See the Okaloosa County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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