Leeward Key
Homes for Sale in Miramar Beach, FL
All 674 homes for sale in Miramar Beach, FL · median $650,000 · Walton County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of September 2026, Leeward Key in Miramar Beach, FL has 2 homes for sale. Over the 12 months ending 2026-09-20, 7 recorded sales closed at a median of $729,000, a median 55 days on market, sellers accepting 97% of original asking. Homes listed or recently sold were built 1999–1999; none of the 5 geocoded homes sit in a FEMA special flood hazard zone (median elevation 22 ft). At the median price and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $7,110 ($6,730 with the full homestead exemption).
| Location | Miramar Beach, Walton County, FL · ZIP 32541, 32550 |
|---|---|
| Homes in the community | 126 (FL DOR 2025 assessment roll) |
| Years built | 1974–2020 (median 2002.5) |
| Typical living area | 3,609 sq ft (median) |
| Home types (current listings and sales) | condos 100% |
| Amenities listed by sellers | Beach, Elevators, Exercise Room, Pool, TV Cable, BBQ Pit/Grill |
| Sale prices, last 12 months | $729,000 median across 7 closed sales |
| Days on market (closed sales) | 55 median |
| For sale right now | 2 active, 0 pending · median asking $773,500 · 3.4 months of supply |
| Owner-occupied (homestead) share | 2% |
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, “LEEWARD KEY key facts,” movewithmomentum.com/neighborhoods/leeward-key, data as of September 20, 2026.
Last 30 days in Leeward Key: 1 new listing (median asking $810,000). As of September 28, 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.
Leeward Key sits in Miramar Beach, and what sets price here is condition and the specifics of each unit rather than any published range. The median currently reads $732,500, but with only a handful of closings behind it and a single active listing, that number is a snapshot, not a trend line. Treat it as a reference point, not a rule.
The market posture is slow-moving. Median days on market runs past 230, which tells sellers to price with patience and buyers that there is room to work deliberately. This is not a market where you get rushed into a decision. If you are selling, presentation and pricing discipline matter more than usual; if you are buying, thin inventory means the right unit may take time to appear.
Leeward Key right now
🟡 Balanced market. 3.4 months of supply and 0% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Emerald Coast MLS records, as of September 20, 2026. Confidence: Medium (2 active and pending listings, 7 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 29, 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
Leeward Key market snapshot (as of September 20, 2026): the median sale price is about $729K, a median 55 days on market for closed sales, and 3.4 months of supply, a balanced market.
In ZIP 32541 (Miramar Beach), 790 homes closed in the last 12 months at a median of $730K ($199/sq ft), down 1.9% year over year, with a median 96 days on market. Right now 488 active and 65 pending listings put supply at about 9.0 months — a soft market. See the live ZIP 32541 housing market and the Okaloosa County market.
County records show 4 qualified sales in LEEWARD KEY across 2024–2025 (3 in 2024, 1 in 2025), median $3.20M — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Leeward Key is a community of 126 homes in Miramar Beach, Walton County, built between 1974 and 2020 (median 2002.5), with a median living area of about 3,609 square feet. 2% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Leeward Key is a small, Gulf-adjacent pocket of Miramar Beach where inventory is thin and turnover is light, so pricing leans heavily on the condition and features of the individual unit rather than a broad market range.
The setting & the homes.
Aerial and on-site photos of Leeward Key. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Leeward KeyPhotos from Emerald Coast MLS listings in Leeward Key; content deemed reliable but not guaranteed.
Who Leeward Key is best for.
Best for
- Buyers targeting the mid-$700s who value a specific Miramar Beach location over selection
- Patient purchasers comfortable waiting months for the right unit to list
- Long-hold owners who care more about the property itself than shared amenities
Probably not for
- Buyers who need to close quickly on a set timeline
- Shoppers who want multiple active listings to compare side by side
- Anyone expecting on-site amenities, as none were identified from current listings
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 ($729K) IS the median in the snapshot above.
Windows contain 0 to 7 sales each (7 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.
10% of homes for sale in ZIP 32550 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 (2026-09-29).
LEEWARD KEY Market Scorecard
LEEWARD KEY is currently a balanced market. About 4.0 months of supply, a median asking price of $773,500, and homes go under contract in about 81 days.
Typical home value in the 32550 ZIP is $652,423, about 36.7% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in LEEWARD KEY, Miramar Beach
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 Leeward Key
Live MLS inventory for Leeward Key. 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 Leeward Key listings as of 2026-09-28, 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 Leeward Key Right Now (2)
All 2 active and pending Leeward Key listings with a detail page, newest first, refreshed twice a day from the MLS.
- 2936 Scenic Gulf Drive #Unit 1104 · $810,000 · 2 bd / 2 ba · listed Sep 16, 2026 · listed by The Premier Property Group Seacrest Office
- 2936 Scenic Gulf Drive #Unit 506 · $737,000 · 2 bd / 2 ba · listed Jun 30, 2026 · listed by Keller Williams Realty SRB
Leeward Key on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Emerald Coast MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Walton County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Van R Butler · Elementary
- Emerald Coast · Middle
- South Walton · High
Zoned schools reflect the assignments reported on recent Leeward Key listings and can change; always confirm with Walton County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Leeward Key address.
Shop the zone: Homes zoned for Destin High School
The Leeward Key buying strategy.
If we were buying in Leeward Key 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 Leeward Key.
A thin, patient market
With one active listing and only four closings in the window, Leeward Key trades in small numbers. That makes each sale disproportionately influential and means the median of $732,500 can move on the strength of a single transaction. Buyers should read comparable units carefully; sellers should not assume the next sale mirrors the last.
Days on market sitting above 230 signals a community where properties sit until the price and condition align with a specific buyer. No amenities were identified from current MLS listings, so value here is about the units themselves and the Miramar Beach location rather than shared facilities. Come prepared to evaluate on that basis.
The location and the amenities are priced into every listing in Leeward Key. 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 Leeward Key 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 3 factors (4.9). Basis: Liquidity & Demand 3.4 months of supply; Owner Commitment 2% owner-occupied; Pricing Power 96.8% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a market this thin, the median tells you very little on its own. We track the individual closings and the single active listing directly, so we can tell you whether a given price reflects the unit in front of you or an outlier that skews the number. That granularity is the difference between overpaying and pricing right in a low-volume community.
Leeward Key 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 Leeward Key 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 Leeward Key sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Leeward Key, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Leeward Key home worth?
Get a no-obligation home value based on real comparable sales in Leeward Key, 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 Miramar Beach →
Recently off market in LEEWARD KEY
Homes in LEEWARD KEY that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 4 on record.
- 2936 Scenic Gulf Drive #Unit 1204 · off market
- 2936 Scenic Gulf Drive #Unit 406 · off market
- 2936 Scenic Gulf Drive #Unit 904 · off market
- 2936 Scenic Gulf Drive #Unit 905 · off market
Frequently Asked Questions
What is the median home price in Leeward Key?
How long do homes in Leeward Key take to sell?
Is Leeward Key a buyer's or seller's market right now?
How many homes are in Leeward Key?
What share of Leeward Key is owner-occupied?
When were the homes in Leeward Key built?
Who is the best real estate agent for Leeward Key?
How do I find a top Miramar Beach real estate agent who knows Leeward Key?
Can Momentum Realty connect me with an agent for Leeward Key?
Where is Leeward Key, and what county is it in?
Is Leeward Key a good place to live?
Should you buy in Leeward Key?
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: September 28, 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 (1 streets, ZIP 32541/32550)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 1999 (54 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 →
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See how LEEWARD KEY fits the bigger picture — live prices, inventory, and Momentum Scores:
More on Leeward Key
- Home values · What homes in Leeward Key actually sell for
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