PARK PLACE 5
Homes for Sale in Crestview, FL
True comps, carrying-cost math, and listings before the portals.
Photo via emeraldcoast
The 60-Second Overview
PARK PLACE 5 market snapshot (as of July 25, 2026): the median sale price is about $270K, and a median 70 days on market for closed sales.
PARK PLACE 5 is a community of 133 homes in Crestview, Okaloosa County, built between 1967 and 2022 (median 1994), with a median living area of about 2,001 square feet. 73% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
The setting & the homes.
Aerial and on-site photos of PARK PLACE 5. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
PARK PLACE 5
PARK PLACE 5
PARK PLACE 5Photos from emeraldcoast listings in PARK PLACE 5; content deemed reliable but not guaranteed.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 25 of each year, from record-level emeraldcoast closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($270K) IS the median in the snapshot above.
Windows contain 0 to 5 sales each (4 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.
PARK PLACE 5 Market Scorecard
PARK PLACE 5 is currently a balanced market., a median asking price of $312,000, and homes go under contract in about 37 days.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: emeraldcoast, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Homes For Sale Right Now in PARK PLACE 5
Live MLS inventory for PARK PLACE 5. 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 5 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.
PARK PLACE 5 on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from emeraldcoast. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Okaloosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Antioch · Elementary
- Shoal River · Middle
- Crestview · High
Zoned schools reflect the assignments reported on recent PARK PLACE 5 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 5 address.
The PARK PLACE 5 buying strategy.
If we were buying in PARK PLACE 5 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 5.
A closer look at the PARK PLACE 5 market
Homes in PARK PLACE 5 trade around a median of $270K, where condition and lot do more to set the final number than the asking price does.
The housing stock is 133 homes built between 1967 and 2022, and 73% of parcels are homesteaded — the owner-occupancy proxy in the Florida DOR assessment roll.
The location and the amenities are priced into every listing in PARK PLACE 5. 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 PARK PLACE 5 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 3 factors (7.9). Basis: Long-Term Appreciation +116% since 2012; Owner Commitment 73% owner-occupied; Pricing Power 98.0% sale-to-list. Refreshed with each data update.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- 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 5 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 5 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 5, 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 5 home worth?
Get a no-obligation home value based on real comparable sales in PARK PLACE 5, 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 5 on the map →
Frequently Asked Questions
What is the median home price in PARK PLACE 5?
How long do homes in PARK PLACE 5 take to sell?
How many homes are in PARK PLACE 5?
What share of PARK PLACE 5 is owner-occupied?
When were the homes in PARK PLACE 5 built?
Do cash buyers compete in PARK PLACE 5?
Have PARK PLACE 5 home prices gone up?
Who is the best real estate agent for PARK PLACE 5?
How do I find a top Crestview real estate agent who knows PARK PLACE 5?
Can Momentum Realty connect me with an agent for PARK PLACE 5?
Nearby Communities
Explore more neighborhoods near PARK PLACE 5 with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | emeraldcoast, refreshed twice daily (last: July 25, 2026) |
| Community market stats | emeraldcoast closed sales, 12-month windows ending July 25, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (3 streets, ZIP 32536/32539/32547)) |
| Historical depth | Closed-sale records back to 1993 (139 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 emeraldcoast 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 emeraldcoast 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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