Municipal S/D
Homes for Sale in Fort Walton Beach, FL
All 414 homes for sale in Fort Walton Beach, FL · median $398,000 · 282 homes for sale in 32548 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of October 2026, Municipal S/D in Fort Walton Beach, FL has 2 homes for sale. Homes listed or recently sold were built 1960–1961.
Part of Municipal, Fort Walton Beach, FL — see all Municipal homes for sale (2 listings across 3 sections in the MLS).
| Location | Fort Walton Beach, Okaloosa County, FL · ZIP 32548 |
|---|---|
| Homes in the community | 215 (FL DOR 2025 assessment roll) |
| Years built | 1954–2023 (median 1963) |
| Typical living area | 1,532 sq ft (median) |
| Amenities listed by sellers | Short Term Rental - Allowed |
| For sale right now | 2 active, 0 pending · median asking $351,000 · 24.0 months of supply |
| Owner-occupied (homestead) share | 68% |
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, “MUNICIPAL S/D key facts,” movewithmomentum.com/neighborhoods/municipal-s-d, data as of September 20, 2026.
In MUNICIPAL S/D, price is driven by condition, not by any single formula. With a median build year of 1962 and homes dating back as far as 1954, you are looking at older housing stock where what has been done to a given house — roof, systems, kitchens, additions — matters far more than the address. The median living area of roughly 1,543 square feet tells you these are modestly sized homes, so updates and layout carry outsized weight in what a buyer will pay.
The current posture is thin: one active listing against 221 homes. That is not a market with a menu to choose from — it is a wait-for-the-right-house market. For sellers, low visible competition can work in your favor if your home shows well. For buyers, patience and readiness to move on the right property matter more than negotiating leverage that simply isn't there right now.
Municipal S/D right now
🟢 Buyer-leaning market. 24.0 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.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: Low (2 active and pending listings, 1 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 1, 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
MUNICIPAL S/D is an established, mostly owner-occupied pocket of Fort Walton Beach — nearly 68% homesteaded — built out over decades rather than dropped in all at once. The mix of build years from 1954 to 2023 means condition varies house to house.
Emerald Coast MLS sales records identify 60 homes in MUNICIPAL S/D that have changed hands since 2001, built between 1960 and 2019 (median 1964), with a median living area of about 1,281 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: Emerald Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 19 qualified sales in MUNICIPAL S/D across 2024–2025 (13 in 2024, 6 in 2025), median $345,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
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.
The setting & the homes.
Aerial and on-site photos of Municipal S/D. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Municipal S/D
Municipal S/D
Municipal S/DPhotos from Emerald Coast MLS listings in Municipal S/D; content deemed reliable but not guaranteed.
Who Municipal S/D is best for.
Best for
- Buyers seeking a long-term primary home in an established Fort Walton Beach location
- Those comfortable budgeting for updates on a mid-century home and evaluating condition carefully
- Buyers who value a stable, owner-occupied setting over amenities and can wait for the right listing
Probably not for
- Buyers who need a wide selection of homes available at once
- Those wanting community amenities like a pool, gate, or clubhouse
- Buyers set on large, new-construction square footage with all-new systems
The market around Municipal S/D
Municipal S/D is too small for its own price trend, so here is the market around it.
In ZIP 32548, 322 homes are on the market and 15% are under contract — a slower corner of Fort Walton Beach.
Across Okaloosa County, 1,890 homes are active and 551 pending (23% under contract).
In ZIP 32548 (Fort Walton Beach), 338 homes closed in the last 12 months at a median of $325K, up 11.9% year over year, with a median 41 days on market. Right now 112 active and 32 pending listings put supply at about 5.0 months — a balanced market. See the live ZIP 32548 housing market and the Okaloosa County market.
ZIP and county figures describe the wider market, not Municipal S/D specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in MUNICIPAL S/D, Fort Walton 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 Municipal S/D
Live MLS inventory for Municipal S/D. 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 Municipal S/D listings as of 2026-10-01, 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 Municipal S D Right Now (2)
All 2 active and pending Municipal S D listings with a detail page, newest first, refreshed twice a day from the MLS.
- 234 NW Holmes Boulevard · $325,000 · 3 bd / 2 ba · listed Aug 11, 2026 · listed by All American Realty and Investment Group PLLC
- 46 NW Hemlock Drive · $354,000 · 3 bd / 2 ba · listed Jul 2, 2026 · listed by Bastion Realty LLC
Municipal S/D 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
- Okaloosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Edwins · Elementary
- Bruner · Middle
- Fort Walton Beach · High
Zoned schools reflect the assignments reported on recent Municipal S/D 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 Municipal S/D address.
Shop the zone: Homes zoned for Fort Walton Beach High School
The Municipal S/D buying strategy.
If we were buying in Municipal S/D 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 Municipal S/D.
An older core with occasional new builds
The spread of construction years — 1954 through 2023 around a 1962 median — is the story here. Most of the neighborhood is mid-century, but the presence of recent builds tells you infill and rebuilds happen. That variety is why you cannot shop this community on price alone: two homes a block apart can be very different animals depending on when and how they were last touched.
No community amenities turn up in the current MLS listings, so this isn't an amenitized subdivision you buy for a pool or gate. The value proposition is location within Fort Walton Beach and the bones of the individual home. A high homestead share suggests a neighborhood held by owners rather than churned by short-term turnover, which tends to keep the housing stock reasonably maintained but also keeps inventory tight.
The location and the amenities are priced into every listing in Municipal S/D. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a low-inventory, condition-driven market like this, the value we add is diligence: reading a mid-century home's real cost of ownership, pricing updates accurately, and being ready to act when the rare right listing appears. We will tell you plainly when a given house is priced for its condition and when it isn't.
Municipal S/D 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 Municipal S/D 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 Municipal S/D sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Municipal S/D, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Municipal S/D home worth?
Get a no-obligation home value based on real comparable sales in Municipal S/D, 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 Fort Walton Beach →
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.
15% of homes for sale in ZIP 32548 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 (2026-10-01).
Frequently Asked Questions
Is Municipal S/D a buyer's or seller's market right now?
How many homes are in Municipal S/D?
What share of Municipal S/D is owner-occupied?
When were the homes in Municipal S/D built?
Who is the best real estate agent for Municipal S/D?
How do I find a top Fort Walton Beach real estate agent who knows Municipal S/D?
Can Momentum Realty connect me with an agent for Municipal S/D?
Where is Municipal S/D, and what county is it in?
Should you buy in Municipal S/D?
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: October 1, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (3 streets, ZIP 32548)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 1993 (23 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 MUNICIPAL S/D fits the bigger picture — live prices, inventory, and Momentum Scores:
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