Okaloosa Island
Homes for Sale in Fort Walton Beach, FL
All 405 homes for sale in Fort Walton Beach, FL · median $389,999 · 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, Okaloosa Island in Fort Walton Beach, FL has 1 home for sale. Homes listed or recently sold were built 1956–1978; 1 of the 3 geocoded homes sit in a FEMA special flood hazard zone (median elevation 8 ft).
Okaloosa Island is a thin barrier-island market where price is driven far more by position and condition than by any published range. With just 3 active listings against 91 homes, inventory is scarce and each sale tends to stand on its own terms — proximity to the water, how the structure has been maintained against a coastal climate, and whether it has been updated since the median build year of 1972.
For sellers, thin supply means a well-prepared, honestly-priced home commands attention, but the small sample cuts both ways: one dated or overpriced listing lingers because there is nothing to hide behind. For buyers, patience is the tool. Given the 1954–2021 build spread and a median vintage of 1972, condition is everything — inspect hard for salt, wind, and water exposure, and price the deferred maintenance you find into your offer.
Figures in this note are as of July 26, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Okaloosa Island right now
🟡 Balanced market. 6.0 months of supply and 0% of the inventory already under contract put buyers and sellers on roughly even footing.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 (1 active and pending listings, 0 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated October 20, 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
A compact, established barrier-island community in Fort Walton Beach where homes run larger than a typical starter footprint — a median around 2,475 square feet — and turnover is limited by a small, tightly held housing stock.
Emerald Coast MLS sales records identify 10 homes in Okaloosa Island that have changed hands since 2002, built between 1956 and 1988 (median 1970), with a median living area of about 2,173 sq ft and a typical 3-bedroom, 2.5-bath layout; 80% 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 5 qualified sales in Okaloosa Island across 2024–2025 (3 in 2024, 2 in 2025), median $560,000 — 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 Okaloosa Island. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Okaloosa Island
Okaloosa Island
Okaloosa IslandPhotos from Emerald Coast MLS listings in Okaloosa Island; content deemed reliable but not guaranteed.
Who Okaloosa Island is best for.
Best for
- Buyers set on an island location who can act quickly when one of the few listings hits
- Buyers wanting more square footage than a starter home and prepared to budget for coastal upkeep
- Renovation-minded buyers comfortable taking on an older home and updating it themselves
Probably not for
- Buyers who need a wide selection to compare before committing
- Buyers seeking new construction or turnkey systems with no deferred maintenance
- Buyers who want an amenity-rich community with shared facilities built into the deal
The market around Okaloosa Island
Okaloosa Island 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 Okaloosa Island specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Okaloosa Island
Live MLS inventory for Okaloosa Island. 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 Okaloosa Island listings as of 2026-10-19, 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.
Okaloosa Island 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 contributors.
Schools
- Okaloosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Elliott Point · Elementary
- Bruner · Middle
- Fort Walton Beach · High
Zoned schools reflect the assignments reported on recent Okaloosa Island 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 Okaloosa Island address.
Shop the zone: Homes zoned for Fort Walton Beach High School
The Okaloosa Island buying strategy.
If we were buying in Okaloosa Island 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 Okaloosa Island.
An older island stock, held close
The building record here stretches from 1954 to 2021, but the median year built is 1972, so this is largely an older island housing stock with a scattering of newer construction. That mix matters at the offer stage: two homes a few doors apart can differ enormously in systems, elevation detail, and update history, and the single median price you'll see quoted flattens a genuinely wide spread. Read each home on its own condition, not on a neighborhood average.
Roughly two-thirds of homes here carry a homestead exemption, which points to a stock that is owner-occupied rather than churned. That tends to keep listing counts low and gives sellers of well-kept homes leverage, while buyers should expect to move decisively when the right property surfaces. No shared community amenities show up in the current MLS listings, so value is anchored in the island location and the individual property, not in an amenity package.
The location and the amenities are priced into every listing in Okaloosa Island. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this small, generalizations fail you — three active listings means every data point is a house, not a trend. We walk the property with you, weigh condition against the coastal environment, and price the specific home in front of us rather than a median. When it's not the right fit, we'll say so.
Okaloosa Island 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 Okaloosa Island 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 Okaloosa Island sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Okaloosa Island, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Okaloosa Island home worth?
Get a no-obligation home value based on real comparable sales in Okaloosa Island, 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 →
Recently off market in Okaloosa Island
Homes in Okaloosa Island 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. 2 on record.
- 407 Cobia Avenue · off market
- 411-A Cobia Avenue · off market
| Location | Fort Walton Beach, Okaloosa County, FL · ZIP 32548 |
|---|---|
| Homes in the community | 71 (FL DOR 2025 assessment roll) |
| Years built | 1954–2022 (median 1972) |
| Typical living area | 2,436 sq ft (median) |
| Amenities listed by sellers | Dock, Fishing, Short Term Rental - Not Allowed, Waterfront |
| For sale right now | 1 active, 0 pending · median asking $895,000 · 6.0 months of supply |
| Owner-occupied (homestead) share | 65% |
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, “Okaloosa Island key facts,” movewithmomentum.com/neighborhoods/okaloosa-island, data as of September 20, 2026.
Housing distress & ownership in Okaloosa Island, 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.
Every Home for Sale in Okaloosa Island Right Now (1)
All 1 active and pending Okaloosa Island listings with a detail page, newest first, refreshed twice a day from the MLS.
- 804 Tarpon Drive · $895,000 · 5 bd / 5 ba · listed Jul 22, 2026 · listed by Berkshire Hathaway HomeServices
More Fort Walton Beach home searches
- All homes for sale in Fort Walton Beach, FL
- Homes for sale in Okaloosa County, FL
- Fort Walton Beach waterfront homes for sale
- Gated communities in Fort Walton Beach
- Homes under $300K in Fort Walton Beach
- Homes from $300K to $500K in Fort Walton Beach
- 4-bedroom homes for sale in Fort Walton Beach
- Fort Walton Beach home values: what is my house worth?
- ZIP 32548 housing scorecard
- 2 coming-soon communities in Okaloosa County
Fort Walton Beach guides & data
- Market data
- Property taxes (Okaloosa County)
- Homestead exemption (Okaloosa County)
- Home insurance cost
- New construction
- New construction (Okaloosa County)
- ZIP codes
- Home builders (Okaloosa County)
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
Real estate agent in Fort Walton Beach? Join Momentum in Fort Walton Beach: 100% commission, one $12K cap.
Streets in this community
Street-level pages: every home on record, what sold and what is for sale on each street.
- Sailfish Drive (1 homes on record)
- Sailfish Drive (1 homes on record)
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.
Email me new listings in Okaloosa IslandHomes for Sale
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Okaloosa IslandHomes for Sale
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Okaloosa IslandHomes for Sale will answer, and the answer is published on this page for the next buyer.
14% 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 (2026-10-17).
Recent Developments in Okaloosa Island
Development, infrastructure, retail, and school activity affecting Okaloosa Island, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Parks & Amenities
Okaloosa and Cinco Bayou open upgraded boat ramp with new trailer parking
Okaloosa County and the Town of Cinco Bayou held a ribbon cutting for upgraded boat ramp facilities, including 16 new boat trailer parking spaces, a new restroom and landscaping. The $4.1 million total, funded largely by tourism development funds, also covers the $2.95 million purchase of a former bank building at 198 Eglin Parkway NE. Future dock improvements are planned.
What it may mean for the marketAdded trailer parking and ramp access improve waterfront recreation access for Fort Walton Beach area boaters. The site is about 4 miles northwest of Okaloosa Island.
Source: Get The Coast - September 2026Civic
Okaloosa commissioners reject 12-month data center moratorium 3-2
Okaloosa County commissioners voted 3-2 on September 15 against a 12-month data center moratorium. On September 3 the board unanimously directed staff to develop a regulatory framework for data centers, with an outline due within 60 days. No specific project or site was proposed, and commissioners discussed protecting the Shoal River Industrial Park.
What it may mean for the marketThe pending rules will shape where large power-and-land-intensive facilities can locate in the county, including industrial land near Crestview. The project is about 24 miles north of Okaloosa Island, elsewhere in Okaloosa County.
Source: Get The Coast - September 2026Parks & Amenities
Destin and Okaloosa County agree on management of 4-acre Holiday Isle state park
Destin and Okaloosa County unanimously agreed to back Destin as manager and developer of the roughly four-acre state-acquired park on Holiday Isle near Norriego Point. In return, Destin council voted 5-2 to offer free parking to all Okaloosa County residents at city-owned lots and parks. The deal still requires state Board of Trustees and DEP review.
What it may mean for the marketManagement of the Holiday Isle park and city parking rules will affect public waterfront access and parking in Destin. The site is about 2 miles east of Okaloosa Island.
Source: Get The Coast - June 2026Civic
DeSantis signs state budget with funding for Okaloosa County projects
Governor DeSantis signed the state budget that included roughly $15 million for 20 Okaloosa County projects, among them $5 million for the Northwest Florida State College Workforce Innovation Center in Niceville, $1.5 million for Shalimar Bridge Park, and $3 million for Destin road and drainage work. About $7.26 million in other local requests were vetoed.
What it may mean for the marketDirects state funding toward workforce, park, road, and drainage infrastructure across Okaloosa County, supporting public facilities and capacity in Niceville, Shalimar, and Destin. The site is about 9 miles north of Okaloosa Island.
Source: Get The Coast - May 2026Development
Okaloosa commissioners approve master plan for 392-lot River Park subdivision in Crestview
Okaloosa County commissioners unanimously approved the master plan for River Park, a 392 lot single family subdivision on 263 acres east of Main Drive and north of Airport Road in Crestview. The project by River Park Landing LLC will be built in three phases, with each phase requiring a separate development order approval.
What it may mean for the marketAdds substantial single family housing supply to the Crestview market and phases new residential construction onto a large tract in north Okaloosa County. The project is about 26 miles north of Okaloosa Island, elsewhere in Okaloosa County.
Source: Get The Coast - May 2026Infrastructure
Okaloosa County opens $212M Southwest Crestview Bypass
Okaloosa County opened the $212 million Southwest Crestview Bypass, a 3.5 mile four lane corridor connecting Antioch Road to State Road 85 with access from U.S. Highway 90. The project includes a 1,713 foot bridge, sidewalks, a multi use path, and direct access to the new Pineview K-8 school opening in August 2026.
What it may mean for the marketAdds a major four lane traffic corridor serving southwest Crestview and expands regional road capacity for surrounding growth in north Okaloosa County. The project is about 22 miles north of Okaloosa Island, elsewhere in Okaloosa County.
Source: Get The Coast
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
Is Okaloosa Island a buyer's or seller's market right now?
How many homes are in Okaloosa Island?
What share of Okaloosa Island is owner-occupied?
When were the homes in Okaloosa Island built?
Who is the best real estate agent for Okaloosa Island?
How do I find a top Fort Walton Beach real estate agent who knows Okaloosa Island?
Can Momentum Realty connect me with an agent for Okaloosa Island?
Where is Okaloosa Island, and what county is it in?
Should you buy in Okaloosa Island?
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 19, 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 2002 (12 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.
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