Park Place 2Nd Addn
Homes for Sale in Fort Walton Beach, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
Park Place 2nd Addn is an older, established pocket of Fort Walton Beach where the housing stock skews decidedly mid-century — the median home dates to 1956, though scattered rebuilds run all the way to 2023. In a small neighborhood like this one, condition and updates do most of the work in setting price. A gutted-to-the-studs renovation and an original 1950s house on the same street are two very different products, and the market treats them that way.
With just one active listing against 76 homes, this is a thin, low-turnover market. That cuts both ways: sellers face little direct competition when they do list, but buyers may wait for the right home to surface and should be ready to move when it does. Roughly 59% of homes are homesteaded, which points to owners who tend to stay, reinforcing the low-inventory posture.
The 60-Second Overview
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.
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.
Who Park Place 2Nd Addn is best for.
Best for
- Buyers seeking a compact single-family home in an established part of Fort Walton Beach
- Renovation-minded buyers willing to update an older house to build equity through condition
- Long-horizon owners who value a low-turnover, quiet street over amenities
Probably not for
- Buyers set on new construction or a large, modern floor plan
- Anyone wanting resort-style amenities like a pool, gate, or clubhouse
- Buyers needing immediate selection who can't wait for scarce listings to come to market
Homes For Sale Right Now in Park Place 2Nd Addn
Live MLS inventory for Park Place 2Nd Addn. 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 Park Place 2Nd Addn listings as of 2026-07-25, 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.
Schools
- Okaloosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Elliott Point · Elementary
- Meigs · Middle
- Choctawhatchee · High
Zoned schools reflect the assignments reported on recent Park Place 2Nd Addn 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 2Nd Addn address.
The Park Place 2Nd Addn buying strategy.
If we were buying in Park Place 2Nd Addn 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 Park Place 2Nd Addn.
An older neighborhood priced on condition
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.
The location and the amenities are priced into every listing in Park Place 2Nd Addn. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
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.
Park Place 2Nd Addn 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 Park Place 2Nd Addn 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 Park Place 2Nd Addn sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Park Place 2Nd Addn, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Park Place 2Nd Addn home worth?
Get a no-obligation home value based on real comparable sales in Park Place 2Nd Addn, 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 homes for sale in Park Place 2Nd Addn on the map →
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.
16% 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 (2026-09-05).
PARK PLACE 2ND ADDN Market Scorecard
PARK PLACE 2ND ADDN is currently a thin data market. Limited supply, a median asking price of $389,000, and homes go under contract in about 3 days.
Typical home value in the 32548 ZIP is $341,402, about 7.2% above 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.
Frequently Asked Questions
How many homes are in Park Place 2Nd Addn?
What share of Park Place 2Nd Addn is owner-occupied?
When were the homes in Park Place 2Nd Addn built?
Who is the best real estate agent for Park Place 2Nd Addn?
How do I find a top Fort Walton Beach real estate agent who knows Park Place 2Nd Addn?
Can Momentum Realty connect me with an agent for Park Place 2Nd Addn?
Should you buy in Park Place 2Nd Addn?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Park Place 2Nd Addn with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Emerald Coast MLS, refreshed twice daily (last: July 25, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (4 streets, ZIP 32548)) |
| Historical depth | Closed-sale records back to 1995 (21 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 your area comps.
Looking to buy here? Search homes for sale →
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More Fort Walton Beach & Destin, Okaloosa & Walton (Emerald Coast) guides
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See how PARK PLACE 2ND ADDN fits the bigger picture — live prices, inventory, and Momentum Scores: