LEE FARMS PH III
Homes for Sale in Crestview, FL
True comps, carrying-cost math, and listings before the portals.
Photo via emeraldcoast
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 PH III right now
🟡 Still climbing. The trailing-12-month median ($330K) is up 3.0% from the prior 12 months ($320K) 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 emeraldcoast closed sales, 12-month windows ending July 25. Confidence: Low (5 and 8 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 25, 2026 · Live data: emeraldcoast, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
LEE FARMS PH III market snapshot (as of July 25, 2026): the median sale price is about $330K, and a median 14 days on market for closed sales. The trailing-12-month median is up 3% from the prior 12 months and up 63% since 2012, computed from record-level emeraldcoast closed sales (5 closings in the current window).
LEE FARMS PH III 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 PH III 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 July 25 of each year, from record-level emeraldcoast closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($330K) IS the median in the snapshot above, and the move from 2025 ($320K) IS the +3.0% one-year change.
Windows contain 0 to 15 sales each (5 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.
LEE FARMS PH III Market Scorecard
LEE FARMS PH III 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: emeraldcoast, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in LEE FARMS PH III
Live MLS inventory for LEE FARMS PH III. 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 PH III 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.
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 PH III 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 PH III address.
The LEE FARMS PH III buying strategy.
If we were buying in LEE FARMS PH III 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 PH III.
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 PH III. 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 PH III 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 (7.2). Basis: Long-Term Appreciation +63% since 2012; Recent Direction +3.0% year-over-year; Owner Commitment 67% owner-occupied; Pricing Power 100.3% 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 PH III in 15 seconds.
HOA, CDD & Fees
- 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.
Tools for a LEE FARMS PH III 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 PH III 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 PH III, 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 PH III home worth?
Get a no-obligation home value based on real comparable sales in LEE FARMS PH III, 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 FARMS PH III on the map →
Frequently Asked Questions
What is the median home price in LEE FARMS PH III?
How long do homes in LEE FARMS PH III take to sell?
How many homes are in LEE FARMS PH III?
What share of LEE FARMS PH III is owner-occupied?
When were the homes in LEE FARMS PH III built?
Do cash buyers compete in LEE FARMS PH III?
Have LEE FARMS PH III home prices gone up?
Who is the best real estate agent for LEE FARMS PH III?
How do I find a top Crestview real estate agent who knows LEE FARMS PH III?
Can Momentum Realty connect me with an agent for LEE FARMS PH III?
Should you buy in LEE FARMS PH III?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near LEE FARMS PH III with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | emeraldcoast, refreshed twice daily (last: July 25, 2026) |
| Community market stats | emeraldcoast closed sales, 12-month windows ending July 25, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (2 streets, ZIP 32531/32536)) |
| 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 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.
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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 emeraldcoast member average and 8 days faster, and we’ll price yours against live your area comps.
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