MEDITERRANEAN VILLAGE AT BLUEWATER BAY in Niceville

MEDITERRANEAN VILLAGE AT BLUEWATER BAY
Homes for Sale in Niceville, FL

Community in Niceville · Okaloosa County · ZIP 32578
39 homesBuilt 2002–2004
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Photo via emeraldcoast

Built fromLive emeraldcoast data22 years of closingsFL DOR public recordsUpdated twice daily
Live · MEDITERRANEAN VILLAGE AT BLUEWATER BAY Housing Pulse emeraldcoast + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Tempo
67%
Under contract
1 · 2
For sale · pending
live counts, refreshed twice daily
1
Sold · last 12 mo
10-yr average: about 2 a year
Ownership and context
69%
Owner-occupied · MEDITERRANEAN VILLAGE AT BLUEWATER BAY
27 of 39 parcels homesteaded (FL DOR 2025)
31%
Non-owner-occupied · MEDITERRANEAN VILLAGE AT BLUEWATER BAY
incl. 15% trust or LLC-held · 8% out-of-state
0%
Cash buyers · MEDITERRANEAN VILLAGE AT BLUEWATER BAY
0 of 4 sales, 12 mo ending July 2023
39
Homes in the community
39 residential parcels (FL DOR 2025)
Track record · 22 years of records
Est. 2002
Community established
homes built 2002-2004, median 2004 (FL DOR 2025)
2.6%/yr
Turnover rate
about 1 of 39 homes trade a year
Jon Brooks, founder of Momentum Realty
Jon's Current Read

This is a small, tightly defined pocket inside Bluewater Bay in Niceville — 39 homes built in a narrow window between 2002 and 2004, most around 2,168 square feet. When the housing stock is this uniform in age and size, price is driven less by which floor plan you buy and more by condition, updates, and lot. Expect a wide spread on paper that mostly reflects how much work a given home has had, not fundamentally different products.

Right now there is a single active listing against just one closing in the trailing window. That is thin data, and thin data cuts both ways: a seller has almost no visible competition, but a buyer has almost nothing to comp against. Roughly seven in ten homes here are homesteaded (69.2%), which tells you turnover is low and inventory tends to trickle rather than flood. Patience is the operative posture on both sides.

Best for

  • Buyers targeting a roughly 2,168-square-foot home in Bluewater Bay who value predictable, uniform construction
  • Patient buyers who can stay ready and act fast when one of the few listings appears
  • Owner-occupiers comfortable budgeting for age-appropriate updates on an early-2000s home

Probably not for

  • Buyers who need resort-style or on-site community amenities
  • Shoppers who want a broad range of sizes, ages, and price points to compare
  • Buyers on a tight timeline who cannot wait for scarce inventory to come available

Homes For Sale Right Now in MEDITERRANEAN VILLAGE AT BLUEWATER BAY

Live MLS inventory for MEDITERRANEAN VILLAGE AT BLUEWATER BAY. 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 MEDITERRANEAN VILLAGE AT BLUEWATER BAY 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.

Listing locations from emeraldcoast. Map data © OpenStreetMap, tiles © CARTO.

Schools

In short
  • Okaloosa County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Bluewater · Elementary
  • Ruckel · Middle
  • Niceville · High

Zoned schools reflect the assignments reported on recent MEDITERRANEAN VILLAGE AT BLUEWATER BAY 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 MEDITERRANEAN VILLAGE AT BLUEWATER BAY address.

If we were buying in MEDITERRANEAN VILLAGE AT BLUEWATER BAY 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 MEDITERRANEAN VILLAGE AT BLUEWATER BAY.

Best Buy
Buyers who want a consistent, early-2000s home of around 2,168 square feet in Bluewater Bay and can wait for the right one.
Biggest Risk
Thin inventory — one active listing and one recent close mean limited comps and limited choice.
Sweet Spot
A well-updated home at or near the median size where roof and systems have already been addressed.
Avoid If
You need on-site amenities or a wide selection of floor plans and price points to choose from.

A small, homogeneous pocket

With only 39 homes and a build range spanning just 2002 to 2004, this is one of the more predictable subdivisions you will underwrite in the area. The median living area sits at about 2,168 square feet, and because the vintage is consistent, most homes are now at the age where roofs, HVAC, and finishes are the swing factors. Read those line items carefully — they will explain most of the price difference between one listing and the next.

No community amenities surfaced in current MLS listings, so treat this as a residential enclave rather than an amenitized resort-style community; the location within Bluewater Bay in Niceville is the draw. With a high homestead share and typically low listing counts, the practical challenge is availability — the right home may simply not be on the market when you want it, which rewards buyers who are set up to move quickly.

The location and the amenities are priced into every listing in MEDITERRANEAN VILLAGE AT BLUEWATER BAY. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a 39-home enclave with one active listing and one recent close, generic market data will mislead you. We track this pocket at the parcel level, we know when a rare listing is coming, and we can tell you whether a given home's price reflects its condition or its owner's optimism — which is the only question that matters when the product is this uniform.

MEDITERRANEAN VILLAGE AT BLUEWATER BAY in 15 seconds.

Best forBuyers who want a consistent, early-2000s home of around 2,168 square feet in Bluewater Bay and can wait for the right one.
Biggest advantageA uniform build era and size make condition and updates easy to compare once you know what to look for.
Biggest riskThin inventory — one active listing and one recent close mean limited comps and limited choice.
Sweet spotA well-updated home at or near the median size where roof and systems have already been addressed.
Avoid ifYou need on-site amenities or a wide selection of floor plans and price points to choose from.

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 MEDITERRANEAN VILLAGE AT BLUEWATER BAY sales matched to your home.

What is your MEDITERRANEAN VILLAGE AT BLUEWATER BAY home worth?

Get a no-obligation home value based on real comparable sales in MEDITERRANEAN VILLAGE AT BLUEWATER BAY, 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 MEDITERRANEAN VILLAGE AT BLUEWATER BAY on the map →

Real comps, not an automated estimate.

Frequently Asked Questions

How many homes are in MEDITERRANEAN VILLAGE AT BLUEWATER BAY?
The Florida DOR 2025 assessment roll shows 39 homes in MEDITERRANEAN VILLAGE AT BLUEWATER BAY (public records).
What share of MEDITERRANEAN VILLAGE AT BLUEWATER BAY is owner-occupied?
69% of MEDITERRANEAN VILLAGE AT BLUEWATER BAY parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in MEDITERRANEAN VILLAGE AT BLUEWATER BAY built?
Homes in MEDITERRANEAN VILLAGE AT BLUEWATER BAY were built between 2002 and 2004, with a median year built of 2004 (FL DOR 2025 roll).
Do cash buyers compete in MEDITERRANEAN VILLAGE AT BLUEWATER BAY?
Cash buyers took 0% of MEDITERRANEAN VILLAGE AT BLUEWATER BAY sales in the 12 months ending July 2023 (0 of 4 closings, emeraldcoast).
Who is the best real estate agent for MEDITERRANEAN VILLAGE AT BLUEWATER BAY?
The best agent for MEDITERRANEAN VILLAGE AT BLUEWATER BAY is one who actively works Niceville 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 MEDITERRANEAN VILLAGE AT BLUEWATER BAY.
How do I find a top Niceville real estate agent who knows MEDITERRANEAN VILLAGE AT BLUEWATER BAY?
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 MEDITERRANEAN VILLAGE AT BLUEWATER BAY and the wider Niceville area.
Can Momentum Realty connect me with an agent for MEDITERRANEAN VILLAGE AT BLUEWATER BAY?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your MEDITERRANEAN VILLAGE AT BLUEWATER BAY purchase or sale - no call center and no pressure.
Buyers targeting a roughly 2,168-square-foot home in Bluewater Bay who value predictable, uniform constructionExcellent fit
Patient buyers who can stay ready and act fast when one of the few listings appearsExcellent fit
Owner-occupiers comfortable budgeting for age-appropriate updates on an early-2000s homeExcellent fit
Buyers who need resort-style or on-site community amenitiesProbably not
Shoppers who want a broad range of sizes, ages, and price points to compareProbably not
Buyers on a tight timeline who cannot wait for scarce inventory to come availableProbably not

Nearby Communities

Explore more neighborhoods near MEDITERRANEAN VILLAGE AT BLUEWATER BAY with Momentum Realty’s local guides.

DMDeer Moss Creek NicevilleNiceville, FL · 2.8 miPRPatriot Ridge CrestviewNiceville, FL · 17.5 miSRShoal River Landing CrestviewNiceville, FL · 20.1 mi

Browse all Florida neighborhood guides →

Data sources & freshness

Live listingsemeraldcoast, refreshed twice daily (last: July 25, 2026)
Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (9 streets, ZIP 32578))
Historical depthClosed-sale records back to 2004 (37 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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