Municipal S/D
Homes for Sale in Fort Walton Beach, FL

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.

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.

• 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.

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.

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.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.