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
Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $300,000, a median 18 days on market, sellers accepting 95% of original asking. Homes listed or recently sold were built 1968–1968; none of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 21 ft). At the median price and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $3,870 ($3,360 with the full homestead exemption).
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 | 118 (FL DOR 2025 assessment roll) |
| Years built | 1959–2023 (median 1965.0) |
| Typical living area | 1,522 sq ft (median) |
| Sale prices, last 12 months | $300,000 median across 3 closed sales |
| Days on market (closed sales) | 18 median |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 64% |
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 2ND ADDN key facts,” movewithmomentum.com/neighborhoods/municipal-s-d-2nd-addn, data as of September 20, 2026.
Price here is driven by condition and lot, not by amenities or new construction. With a median build year of 1965 and stock stretching from 1959 all the way to 2023, this is a rebuild-and-renovate pocket where two homes on the same block can trade very differently depending on what has been done to them. The median sits at $300,000, but treat that as a midpoint across a wide condition spread rather than a going rate.
The market posture is quick. A median of 18 days on market means well-prepared homes move fast, so buyers should come pre-approved and ready to act, and sellers who price to condition should not sit long. With only 3 recent closings in the window, the sample is thin — one or two outlier sales can move the median, so lean on the property in front of you more than the headline number.
Nearby homes for sale
No active listings inside MUNICIPAL S/D 2ND ADDN right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Municipal S/D market snapshot (as of September 20, 2026): the median sale price is about $300K, and a median 18 days on market for closed sales.
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.
County records show 9 qualified sales in MUNICIPAL S/D across 2024–2025 (5 in 2024, 4 in 2025), median $350,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Municipal S/D is a community of 118 homes in Fort Walton Beach, Okaloosa County, built between 1959 and 2023 (median 1965.0), with a median living area of about 1,522 square feet. 64% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
MUNICIPAL S/D 2ND ADDN is a compact, older Fort Walton Beach subdivision of roughly 118 homes with no shared amenities — the value proposition is location and the individual house, not a package of community features.
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 targeting an established Okaloosa location near the mid-$300s who value position over a new build
- Renovation-minded buyers willing to price an older home by its systems and update it over time
- Owner-occupants wanting a stable, predominantly homestead-held pocket rather than a turnover-heavy tract
Probably not for
- Buyers who require shared amenities like a pool, gym, or gated entry
- Buyers set on large-square-footage, move-in-new construction as their minimum
- Buyers who need a slow, low-competition market and time to deliberate on offers
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 ($300K) IS the median in the snapshot above.
Windows contain 0 to 4 sales each (3 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.
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 (2026-09-20).
Municipal S/D Market Scorecard
Municipal S/D is currently a balanced market..
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Emerald Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in MUNICIPAL S/D 2ND ADDN, 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.
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.
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.
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 Municipal S/D.
An older core that has been re-built in pieces
The defining fact of this subdivision is age and variety. The median home dates to 1965, and the median living area is about 1,522 square feet, so the baseline is a modest mid-century footprint. But the build range runs through 2023, which tells you infill and full teardown-rebuilds are happening — expect to shop a mix of original homes, renovated ones, and the occasional new build side by side.
About 64% of homes here are homestead-occupied, which points to a stable, owner-lived-in core rather than a heavily investor-driven one. For a buyer, that mix plus the wide age spread means inspection discipline matters: know whether you are paying for updated systems and roof or budgeting to do that work yourself, because the median price alone will not tell you which you are getting.
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 small subdivision with a thin recent-sales record and a wide condition range, a headline median can mislead. We underwrite each home on its own merits — age of systems, scope of prior renovation, lot and location within the tract — and price accordingly. With homes moving in under three weeks, we help buyers move decisively and help sellers stage and price so they capture that speed.
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 →
Frequently Asked Questions
What is the median home price in Municipal S/D?
How long do homes in Municipal S/D take to sell?
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) |
| 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 (3 streets, ZIP 32548)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 1998 (31 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.
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See how MUNICIPAL S/D 2ND ADDN fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Municipal S/D with Momentum Realty’s local guides.