Park Place
Homes for Sale in Fort Walton Beach, FL

Park Place 2nd Addn is a compact, owner-heavy enclave of about 76 homes in Fort Walton Beach, built largely in the 1950s with a median living area near 1,542 square feet.

Emerald Coast MLS sales records identify 87 homes in PARK PLACE that have changed hands since 2001, built between 1951 and 2022 (median 1956), with a median living area of about 1,374 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 7 qualified sales in PARK PLACE across 2024–2025 (4 in 2024, 3 in 2025), median $290,000 — 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.

Park Place 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 Park Place specifically. Momentum Research analysis of MLS records.

• Elliott Point · Elementary
• Meigs · Middle
• Choctawhatchee · High

Zoned schools reflect the assignments reported on recent Park Place 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 Park Place address.

The defining fact here is age. With a median build year of 1956 and a range stretching from 1952 to 2023, buyers are shopping a mix that spans original mid-century construction and a handful of newer builds and full renovations. Expect a wide spread in what your money buys, driven almost entirely by how much work a given house has had. Diligence on roof, systems, and any additions matters more here than in a uniform subdivision.

At a median of roughly 1,542 square feet, these are modest, right-sized homes rather than sprawling ones. No community amenities turn up in current MLS listings, so the appeal is the location and the individual house — not a pool, gate, or clubhouse. That keeps carrying costs simple and puts the emphasis squarely on the property itself.

In a neighborhood this thin and this condition-dependent, generic pricing tools fall apart — one home isn't comparable to the next without accounting for updates. We underwrite each house on its own merits, pull the right local comps, and help buyers act fast when the rare listing appears and sellers position an updated home against a market with little competition.

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