Oakwood Lakes Estates
Homes for Sale in DeFuniak Springs, FL
All 213 homes for sale in DeFuniak Springs, FL · median $249,490 · 170 homes for sale in 32433 · Walton County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Emerald Coast MLS
As of October 2026, Oakwood Lakes Estates in DeFuniak Springs, FL has 7 homes for sale, asking from $109,000 to $425,000 (median $225,000). Over the 12 months ending 2026-09-20, 13 recorded sales closed at a median of $208,000, a median 34 days on market, sellers accepting 95% of original asking (-25% versus the prior year). Homes listed or recently sold were built 1993–2026 with 7 new construction; none of the 19 geocoded homes sit in a FEMA special flood hazard zone (median elevation 259 ft). At the median price and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $2,030 ($1,640 with the full homestead exemption).
Homes For Sale Right Now in Oakwood Lakes Estates
Live MLS inventory for Oakwood Lakes Estates. 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 · 142 daysTop listing
Active · 90 days
Active · 63 days
Active · 224 days
Active · 203 days
Active · 160 days
Active · 32 daysActive and pending Oakwood Lakes Estates 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.
Price here is driven by condition and the individual home, not by any shared amenity package — the current MLS shows none. With a housing stock that spans 1955 to 2024 and a median build around 2007, what you pay tracks closely to how updated a given house is. The median living area sits near 1,463 square feet, so this is a market of modest, practical footprints rather than large custom homes.
The posture right now favors patient buyers. A market heat score of 17 and a median 75 days on market tell you homes are sitting, and the median price of $207,000 is down 27.4% year over year. That is a meaningful reset. Sellers need to price to today, not to last year; buyers have room to negotiate but should underwrite on the home's actual condition, not a headline number.
Oakwood Lakes Estates right now
🟢 Buyer-leaning market. 6.5 months of supply and 12% 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: High (8 active and pending listings, 13 closed sales in 12 months).
🔴 Off the recent peak. The trailing-12-month median ($208K) is down 24.7% from the prior 12 months ($276K) and up 124% since 2012. With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Emerald Coast MLS closed sales, 12-month windows ending September 20. Confidence: Medium (13 and 12 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 2, 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
Oakwood Lakes Estates market snapshot (as of September 20, 2026): the median sale price is about $208K, a median 34 days on market for closed sales, and 6.5 months of supply, a buyer-leaning market. The trailing-12-month median is down 25% from the prior 12 months and up 124% since 2012, computed from record-level Emerald Coast MLS closed sales (13 closings in the current window).
In ZIP 32433 (DeFuniak Springs), 189 homes closed in the last 12 months at a median of $208K, down 2.5% year over year, with a median 89 days on market. Right now 69 active and 18 pending listings put supply at about 6.8 months — a buyer's market. See the live ZIP 32433 housing market and the Walton County market.
County records show 15 qualified sales in OAKWOOD LAKES ESTATES across 2024–2025 (8 in 2024, 7 in 2025), median $242,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Flood zones in OAKWOOD LAKES ESTATES: of 8 listing addresses checked against the FEMA National Flood Hazard Layer, 100% sit outside the FEMA Special Flood Hazard Area (Zone X). Individual parcels vary — verify any specific address at msc.fema.gov.
Oakwood Lakes Estates is a community of 282 homes in DeFuniak Springs, Walton County, built between 1968 and 2024 (median 2010), with a median living area of about 1,503 square feet. 44% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Oakwood Lakes Estates in DeFuniak Springs is a sizable pocket of roughly 413 homes with a wide age spread and no identified community amenities, so the value story is entirely about the individual house you buy.
The setting & the homes.
Aerial and on-site photos of Oakwood Lakes Estates. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Oakwood Lakes EstatesOakwood Lakes EstatesOakwood Lakes EstatesOakwood Lakes EstatesOakwood Lakes EstatesOakwood Lakes EstatesOakwood Lakes Estates
Oakwood Lakes EstatesPhotos from Emerald Coast MLS listings in Oakwood Lakes Estates; content deemed reliable but not guaranteed.
Who Oakwood Lakes Estates is best for.
Best for
- Buyers targeting a mid-$200s budget who want a practical, right-sized home rather than square footage for its own sake
- Patient shoppers comfortable negotiating in a slow-moving, low-competition market
- Buyers who will pay for a thorough inspection and value a home on its actual condition given the wide age range
Probably not for
- Buyers who need a large home or expect amenities like a pool, clubhouse, or gated access
- Anyone counting on quick appreciation or a fast resale in a low-volume market
- Buyers who want move-in-ready certainty without close scrutiny of an individual home's condition
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 ($208K) IS the median in the snapshot above, and the move from 2025 ($276K) IS the -24.7% one-year change.
Windows contain 3 to 18 sales each (13 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 Walton 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 · Walton 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.
22% of homes for sale in ZIP 32433 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 (2026-10-02).
OAKWOOD LAKES ESTATES Market Scorecard
OAKWOOD LAKES ESTATES is currently a buyer's market. About 6.0 months of supply, a median asking price of $225,000, and homes go under contract in about 143 days.
Typical home value in the 32433 ZIP is $230,171, about 10.1% below 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 OAKWOOD LAKES ESTATES, DeFuniak Springs
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.
Oakwood Lakes Estates 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
- Maude Saunders · Elementary
- Walton · Middle
- Walton · High
Zoned schools reflect the assignments reported on recent Oakwood Lakes Estates 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 Oakwood Lakes Estates address.
Shop the zone: Homes zoned for Walton High School
The Oakwood Lakes Estates buying strategy.
If we were buying in Oakwood Lakes Estates 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 Oakwood Lakes Estates.
A condition-driven market in a cooling window
The numbers point to a market catching its breath. Only 5 active listings and 11 closings in the window mean thin volume, so individual sales swing the medians. Combine that with a 75-day median time on market and a low heat score, and you get a setting where well-priced, updated homes still move and everything else waits.
The longer arc is more encouraging than the recent year: values are up 77% since 2012 even after the 27.4% year-over-year decline. A homestead share of about 43% suggests a meaningful owner-occupied base alongside non-primary ownership. For a buyer, the practical read is simple — the wide build range from 1955 to 2024 means you must inspect closely, because two homes at a similar price can be worlds apart in condition.
The location and the amenities are priced into every listing in Oakwood Lakes Estates. 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 Oakwood Lakes Estates 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 5 factors (4.5). Basis: Long-Term Appreciation +124% since 2012; Recent Direction -24.7% year-over-year; Liquidity & Demand 6.5 months of supply; Owner Commitment 44% owner-occupied; Pricing Power 95.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a thin, cooling market like this, the median hides more than it tells — 11 closings and 5 active listings mean a single mispriced comp can distort your expectations. We price and negotiate off the specific home's condition and age, not the headline number, and we will tell you plainly when a listing is asking last year's price.
Oakwood Lakes Estates 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 Oakwood Lakes Estates 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 Oakwood Lakes Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Oakwood Lakes Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Oakwood Lakes Estates home worth?
Get a no-obligation home value based on real comparable sales in Oakwood Lakes Estates, 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 DeFuniak Springs →
Recently off market in OAKWOOD LAKES ESTATES
Homes in OAKWOOD LAKES ESTATES 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. 5 on record.
- 105 E Renoir Road · off market
- 1255 Oakwood Lakes Blvd · off market
- 31 Rembrandt Circle · off market
- 48 Howlin Road · off market
- 76 E Michaelangelo Road · off market
Frequently Asked Questions
What is the median home price in Oakwood Lakes Estates?
How long do homes in Oakwood Lakes Estates take to sell?
Is Oakwood Lakes Estates a buyer's or seller's market right now?
How many homes are in Oakwood Lakes Estates?
What share of Oakwood Lakes Estates is owner-occupied?
When were the homes in Oakwood Lakes Estates built?
Have Oakwood Lakes Estates home prices gone up?
Who is the best real estate agent for Oakwood Lakes Estates?
How do I find a top DeFuniak Springs real estate agent who knows Oakwood Lakes Estates?
Can Momentum Realty connect me with an agent for Oakwood Lakes Estates?
Where is Oakwood Lakes Estates, and what county is it in?
Is Oakwood Lakes Estates a good place to live?
Should you buy in Oakwood Lakes Estates?
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 (7 streets, ZIP 32433/32435)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2003 (194 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 OAKWOOD LAKES ESTATES fits the bigger picture — live prices, inventory, and Momentum Scores:
More on Oakwood Lakes Estates
- Home values · What homes in Oakwood Lakes Estates actually sell for
Nearby Communities
Explore more neighborhoods near Oakwood Lakes Estates with Momentum Realty’s local guides.