Lee Farms
Homes for Sale in Crestview, FL
All 420 homes for sale in Crestview, FL · median $329,650 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Emerald Coast MLS
As of October 2026, Lee Farms Ph Iii in Crestview, FL has 1 home for sale. Over the 12 months ending 2026-09-20, 4 recorded sales closed at a median of $351,250, a median 12 days on market, sellers accepting 102% of original asking (+11% versus the prior year). At the median price and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $4,530 ($4,020 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).
| Location | Crestview, Okaloosa County, FL · ZIP 32531, 32536 |
|---|---|
| Homes in the community | 121 (FL DOR 2025 assessment roll) |
| Years built | 2005–2024 (median 2011) |
| Typical living area | 2,364 sq ft (median) |
| Amenities listed by sellers | Playground |
| Sale prices, last 12 months | $351,250 median across 4 closed sales · +11.0% vs the prior 12 months |
| Days on market (closed sales) | 12 median |
| For sale right now | 1 active, 0 pending · median asking $349,900 |
| Owner-occupied (homestead) share | 67% |
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, “LEE FARMS PH III key facts,” movewithmomentum.com/neighborhoods/lee-farms-ph-iii, data as of September 20, 2026.
Last 30 days in Lee Farms: 1 new listing (median asking $349,900). As of July 25, 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.
Price here is driven by the homes themselves, not by shared amenities. Lee Farms Ph III is a built-out subdivision of 121 homes from 2005 to 2024, with a median build year of 2011 and a median size around 2,364 square feet. The median sits at $330,000, and the spread around that comes down to condition, layout, and how each home has been kept rather than any single premium feature.
The market posture is tight and quick. With just one active listing and a median 14 days on market, sellers who price to condition tend to move without much drama. Buyers should come ready to act; there is little standing inventory to browse, so waiting for options usually means missing the one that fits. Values are up 3% year over year and 63% since 2012, which reads as steady rather than speculative.
Lee Farms right now
🟢 Still climbing. The trailing-12-month median ($351K) is up 11.0% from the prior 12 months ($316K) and up 63% since 2012. With about 6 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Emerald Coast MLS closed sales, 12-month windows ending September 20. Confidence: Low (4 and 4 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 2, 2026 · Live data: Emerald Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Lee Farms market snapshot (as of September 20, 2026): the median sale price is about $351K, and a median 12 days on market for closed sales. The trailing-12-month median is up 11% from the prior 12 months and up 63% since 2012, computed from record-level Emerald Coast MLS closed sales (4 closings in the current window).
In ZIP 32531 (Crestview), 124 homes closed in the last 12 months at a median of $314K ($186/sq ft), up 15.2% year over year, with a median 54 days on market. Right now 24 active and 12 pending listings put supply at about 3.9 months — a balanced market. See the live ZIP 32531 housing market and the Okaloosa County market.
County records show 22 qualified sales in LEE FARMS across 2024–2025 (18 in 2024, 4 in 2025), median $330,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Lee Farms is a community of 121 homes in Crestview, Okaloosa County, built between 2005 and 2024 (median 2011), with a median living area of about 2,364 square feet. 67% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Lee Farms Ph III is a fully built-out Crestview subdivision where most homes are owner-occupied, and inventory is thin enough that timing matters more than negotiation.
Who Lee Farms is best for.
Best for
- Buyers targeting a settled, built-out neighborhood around the mid-2000s-to-2020s vintage
- Buyers who want roughly 2,300-plus square feet near the $330,000 median and are ready to move fast
- Owner-occupant buyers who prefer a low-turnover street over a rental-heavy one
Probably not for
- Buyers who require on-site amenities such as a pool, gym, or clubhouse
- Buyers who need a deep menu of listings to compare before committing
- Buyers chasing brand-new construction only, since most homes here are resale
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Emerald Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($351K) IS the median in the snapshot above, and the move from 2025 ($316K) IS the +11.0% one-year change.
Windows contain 0 to 18 sales each (4 in the current window); every figure carries its sample size, and thin markets swing on single closings. 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 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.
34% of homes for sale in ZIP 32536 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-10-02).
Lee Farms Market Scorecard
Lee Farms is currently a balanced market., a median asking price of $349,900, and homes go under contract in about 4 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Emerald Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in LEE FARMS PH III, 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.
Homes For Sale Right Now in Lee Farms
Live MLS inventory for Lee Farms. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Lee Farms listings as of 2026-07-25, priced high to low. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Tap any home to ask about it.
Every Home for Sale in Lee Farms Ph Iii Right Now (1)
All 1 active and pending Lee Farms Ph Iii listings with a detail page, newest first, refreshed twice a day from the MLS.
- 5431 Lee Farm Boulevard · $349,900 · 4 bd / 2 ba · listed Jul 21, 2026 · listed by Assurance Realty of NWFL LLC
Schools
- Okaloosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Northwood · Elementary
- Davidson · Middle
- Crestview · High
Zoned schools reflect the assignments reported on recent Lee Farms listings and can change; always confirm with Okaloosa County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Lee Farms address.
Shop the zone: Homes zoned for Crestview High School
Recent Developments in Lee Farms Ph Iii
Development, infrastructure, retail, and school activity affecting Lee Farms Ph Iii, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- June 2026Civic
DeSantis signs state budget with funding for Okaloosa County projects
Governor DeSantis signed the state budget that included roughly $15 million for 20 Okaloosa County projects, among them $5 million for the Northwest Florida State College Workforce Innovation Center in Niceville, $1.5 million for Shalimar Bridge Park, and $3 million for Destin road and drainage work. About $7.26 million in other local requests were vetoed.
What it may mean for the marketDirects state funding toward workforce, park, road, and drainage infrastructure across Okaloosa County, supporting public facilities and capacity in Niceville, Shalimar, and Destin. The project is about 18 miles south of Lee Farms Ph Iii, elsewhere in Okaloosa County.
Source: Get The Coast - May 2026Development
Okaloosa commissioners approve master plan for 392-lot River Park subdivision in Crestview
Okaloosa County commissioners unanimously approved the master plan for River Park, a 392 lot single family subdivision on 263 acres east of Main Drive and north of Airport Road in Crestview. The project by River Park Landing LLC will be built in three phases, with each phase requiring a separate development order approval.
What it may mean for the marketAdds substantial single family housing supply to the Crestview market and phases new residential construction onto a large tract in north Okaloosa County. The project is about 3 miles east of Lee Farms Ph Iii, elsewhere in Okaloosa County.
Source: Get The Coast - May 2026Infrastructure
Okaloosa County opens $212M Southwest Crestview Bypass
Okaloosa County opened the $212 million Southwest Crestview Bypass, a 3.5 mile four lane corridor connecting Antioch Road to State Road 85 with access from U.S. Highway 90. The project includes a 1,713 foot bridge, sidewalks, a multi use path, and direct access to the new Pineview K-8 school opening in August 2026.
What it may mean for the marketAdds a major four lane traffic corridor serving southwest Crestview and expands regional road capacity for surrounding growth in north Okaloosa County. The site is about 4 miles south of Lee Farms Ph Iii.
Source: Get The Coast
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
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 condition-driven resale market
This is a mature neighborhood with a clear identity: 121 homes, a median build year of 2011, and a size profile that centers near 2,364 square feet. There are no community amenities identified in current MLS listings, so what you are buying is the house and the location, not a pool or clubhouse. That keeps pricing honest and tied to what each individual home offers.
A homestead share around 67% points to a stable, largely owner-occupied street rather than a rental-heavy pocket. Combined with one active listing and a median 14 days on market, that means turnover is limited and well-kept homes tend to clear quickly. Sellers benefit from scarcity; buyers benefit from a market that is easy to read once a home appears.
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.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Lee Farms buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (7.7). Basis: Long-Term Appreciation +63% since 2012; Recent Direction +11.0% year-over-year; Owner Commitment 67% owner-occupied; Pricing Power 101.9% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a subdivision this tight, with a single active listing and a two-week median time on market, the edge is knowing when a home is coming and how it compares to the last few closings. We track the Crestview and Okaloosa County feed closely so you are positioned to move on the right home or to price yours against real, recent evidence rather than guesswork.
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 →
Frequently Asked Questions
What is the median home price in Lee Farms?
How long do homes in Lee Farms take to sell?
How many homes are in Lee Farms?
What share of Lee Farms is owner-occupied?
When were the homes in Lee Farms built?
Have Lee Farms home prices gone up?
Who is the best real estate agent for Lee Farms?
How do I find a top Crestview real estate agent who knows Lee Farms?
Can Momentum Realty connect me with an agent for Lee Farms?
Where is Lee Farms, and what county is it in?
Should you buy in Lee Farms?
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: July 25, 2026) |
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32531/32536)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2010 (105 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.
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See how LEE FARMS PH III fits the bigger picture — live prices, inventory, and Momentum Scores:
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