Lee Farms
Homes for Sale in Crestview, FL
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 89 closed sales in Lee Farms Ph I in Crestview, FL since 2007, the most recent in January 2026. 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).
Part of Lee Farms, Crestview, FL — see all Lee Farms homes for sale (5 listings across 3 sections in the MLS).
Price in Lee Farms Ph I is driven by condition and vintage more than by any single product type. With homes built from 1969 through 2024 and a median build year of 2007, this is not a uniform subdivision — you have older stock and newer construction sitting in the same community, so two homes of similar size can trade very differently depending on updates and finish.
At a median of roughly 2,432 living square feet, the housing here skews toward real usable space rather than starter footprints. For sellers, that means the updated, move-in-ready homes set the pace and the dated ones get judged against them. For buyers, the spread is your opportunity: the value is in finding the home priced for its condition, not the address.
The 60-Second Overview
Lee Farms Ph I is a sizable Crestview community of 276 homes spanning more than five decades of construction, so the through-line is variety of vintage and condition rather than a single cohesive build. With just over 70% homestead occupancy, it reads as a settled, owner-occupied area rather than a rental-heavy one.
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 Lee Farms is best for.
Best for
- Buyers prioritizing living space around 2,400 square feet over shared amenities
- Value-focused buyers willing to inspect closely and buy on condition
- Renovation-minded buyers who see older stock as an opportunity to build equity through updates
Probably not for
- Buyers who want a uniform, single-vintage new-build subdivision
- Buyers who need community amenities like a pool or clubhouse
- Buyers wanting turnkey certainty with no inspection surprises across older homes
The market around Lee Farms
Lee Farms 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).
ZIP and county figures describe the wider market, not Lee Farms specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in LEE FARMS PH I, 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 Lee Farms buying strategy.
If we were buying in Lee Farms 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 Lee Farms.
A mixed-vintage community, not a cookie-cutter one
The defining fact here is the year-built range: 1969 to 2024. That kind of spread means you should shop on the home, not the community average. Systems, roofs, and layouts will vary widely from one property to the next, and the median build year of 2007 tells you the bulk sits in that middle ground — old enough to warrant a real inspection, new enough to avoid the oldest-stock concerns if you choose carefully.
No community amenities show up in the current MLS listings, so pricing rests on the house and the location rather than shared facilities. The homestead share above 70% points to a community held largely by owner-occupants, which tends to mean steadier upkeep and less investor churn than you'd see in a rental-dominated tract.
The location and the amenities are priced into every listing in Lee Farms. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community where build years run from 1969 to 2024, the average number tells you almost nothing — the individual home tells you everything. We price and evaluate each property on its own condition and vintage, so buyers don't overpay for dated stock and sellers of updated homes get positioned against the right comparables rather than the community mean.
Lee Farms 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 Lee Farms 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 Lee Farms sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Lee Farms, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Lee Farms home worth?
Get a no-obligation home value based on real comparable sales in Lee Farms, 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 →
Should you buy in Lee Farms?
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 2007 (89 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 LEE FARMS PH I fits the bigger picture — live prices, inventory, and Momentum Scores:
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.