Parkwood Commons in Pace

Parkwood
Commons

New single-family community · Pace · ZIP 32571

Semi-custom new homes in sought-after Pace, minutes from Five Points and Stonebrook golf.

New constructionSemi-customPace school zone
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
New semi-custom construction in a popular Pace location, so the read is the homesite, the plan, and the incentive, confirm the HOA and any CDD before you offer.
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Unlock Off-Market Parkwood Commons

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive realMLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulserealMLS
$245K
Median Price
0mo
Supply
58days
Avg DOM
Soft
Seller Leverage
$146/sf
Median $/Sqft
-6%
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Parkwood Commons is a semi-custom new-construction read in Pace: Thomas Home Corp building since 2018 (Phase II from 2022) on public water and sewer, minutes from Five Points, Publix, and Stonebrook golf. The semi-custom angle means more options than a pure production builder, so match the plan and finishes to your needs. Condition risk is low; confirm the HOA and any CDD and compare the builder's price to nearby resale."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Parkwood Commons market snapshot (as of June 12, 2026): the median sale price is about $245K ($146 per sq ft), a buyer-leaning market (limited data). Based on 1 recent closings in live realMLS data.

Parkwood Commons is a new-construction single-family community in Pace, Santa Rosa County (ZIP 32571), built by semi-custom builder Thomas Home Corp. The subdivision started in 2018, with Phase II beginning in 2022, and sits directly off Adams Road, half a mile from Chumuckla Highway and a mile from West Spencer Field Road.

Homes come on public water and sewer with options such as nine-foot ceilings, walk-in closets, ventilated shelving, granite countertops, and stainless appliances, and the community has an HOA and two ingress and egress points. It is less than five minutes from Five Points and Publix, about four minutes from Pace's Highway 90, and close to the Stonebrook golf course, with I-10 about fifteen minutes away.

Condition risk is low on new construction; the semi-custom options are the differentiator.

For buyers who want a brand-new, semi-custom home in a sought-after Pace location, Parkwood Commons is a practical option. The work is confirming the HOA and any CDD, choosing the options that hold value, and comparing the builder's price to nearby resale.

Best for

  • Buyers who want a brand-new, semi-custom home in sought-after Pace
  • Commuters who value being minutes from Five Points and I-10
  • Households who want options like nine-foot ceilings and granite
  • First-time and move-up buyers who value the Pace school zone

Probably not for

  • Buyers who want an established neighborhood with mature trees
  • Those who want a deep resort-style amenity center
  • Buyers who want a fully custom home
  • Anyone who needs to be inside Pensacola rather than Pace

How Parkwood Commons is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
0Months of supplytight
66Median days on marketdays
0 : 0Under contract vs for salestrong demand
1Sold in last 12 monthsliquidity
+127%Median price since 2012appreciation
+0%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from realMLS, as of June 12, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Parkwood Commons listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Parkwood Commons buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Parkwood Commons

Live MLS inventory for Parkwood Commons. 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.

No homes are actively for sale in Parkwood Commons right now, so its recent closed sales are shown, as of 2026-06-12, priced high to low. Source: Data provided by realMLS.. Tap any home to ask about it.

Listing locations from realMLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive from Parkwood Commons.

Five Points shopping (Pace)~5 min · shopping, Publix
Stonebrook Golf Club~5 min · golf
Interstate 10~15 min · regional access
Downtown Milton~15 min · ~9 miles
Downtown Pensacola~30 min · ~20 miles
Pensacola Beach~40 min · ~30 miles

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near ParkwoodCommons with Momentum Realty’s local guides.

Legend CreekEstatesLegend CreekEstatesPace, FL · adjacentEagle'sRidgeEagle'sRidgePace, FL · 0.1 miSentinel RidgeSentinel RidgePace, FL · 0.3 miStonebrook VillageStonebrook VillagePace, FL · 0.3 miTwin HillsEstatesTwin HillsEstatesPace, FL · 0.3 miWillowGlenWillowGlenPace, FL · 0.3 miNorth HarborNorth HarborPace, FL · 0.7 miChase FarmsChase FarmsPace, FL · 0.9 miBriarwood EstatesBriarwood EstatesPace, FL · 1.0 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Parkwood Commons (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Santa Rosa County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Parkwood Commons is served by Santa Rosa County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Parkwood Commons address.

The takeaway

What actually shapes value at Parkwood Commons: it is active Thomas Home Corp semi-custom new construction in sought-after Pace, minutes from Five Points, Publix, and Stonebrook golf. Each item is sourced.

Recent Developments in Parkwood Commons

Our read on what is being built around Parkwood Commons, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishPace's school-driven demand points up; the watch item is new-home supply across phases and how it prices against established resale.

Active Thomas Home Corp semi-custom community

2026
BullishMajor impact
SignificanceRadius: Community

A semi-custom builder with warranty homes and more options anchors the value story.

Building since 2018, Phase II from 2022

Ongoing
BullishNotable impact
SignificanceRadius: Community

Successive phases reflect validated, steady demand for the community.

Sought-after Pace school zone

Ongoing
BullishMajor impact
SignificanceRadius: Area

Pace's schools are a primary demand driver and support resale across the area.

Minutes from Five Points, Publix, and Stonebrook golf

Ongoing
BullishNotable impact
SignificanceRadius: Area

Everyday convenience and recreation nearby underpin demand for new Pace housing.

Public water and sewer

Ongoing
BullishMinor impact
SignificanceRadius: On-site

Public utilities simplify ownership versus well-and-septic alternatives.

Builder incentives in market

2026
NeutralNotable impact
SignificanceRadius: Community

Incentives change the true price more than list; confirm the current offer.

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Parkwood Commons, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. June 2026
    Builder

    Thomas Home Corp building Parkwood Commons

    New-home materials describe Parkwood Commons as a Thomas Home Corp semi-custom community in Pace off Adams Road, on public water and sewer, minutes from Five Points and Stonebrook golf. Why it matters: Active semi-custom builder inventory with a warranty is the heart of the value case here. Source

  2. September 2025
    Development

    Parkwood Commons advances into later phases

    Builder materials note the subdivision started in 2018 with Phase II from 2022, reflecting steady demand in the Pace market. Why it matters: Successive phases confirm ongoing build-out and buyer interest in the community. Source

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.

If we were buying in Parkwood Commons, this is the order of operations we would run, and the one we run for our clients.

1

Use the semi-custom options wisely. Choose finishes that hold value, not just the ones that catch the eye.

2

Confirm the HOA and any CDD in writing. Both ride on your carrying cost; get the figures for the homesite.

3

Verify the Pace school zoning by address. The school zone is a core draw; confirm the exact assignment.

4

Compare the builder price to Pace resale. Know the new-home premium over comparable used homes.

5

Lock the builder incentive. Rate buydowns and closing help move the real number more than list price.

Best Buy
A completed semi-custom plan with value-holding options on a solid homesite
Biggest Risk
Over-optioning beyond what returns at resale
Best Lot
A homesite with a preserve or pond buffer over a plain interior lot
Smart Timing
Negotiate the rate buydown and closing-cost incentive
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Parkwood Commons is a Thomas Home Corp semi-custom new-construction community in Pace, off Adams Road, started in 2018 with Phase II from 2022. Homes come on public water and sewer with options such as nine-foot ceilings, granite countertops, and stainless appliances, and the community has an HOA and two access points, minutes from Five Points, Publix, and Stonebrook golf. Confirm the current HOA, any CDD, and the builder's incentives for a specific home.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

The Entry Plan
$245K to $245K

The smaller semi-custom plans, the attainable way into the Pace school zone.

Lowest entry
The Core Home
$245K to $245K

The mid-size three- and four-bedroom plans with popular options, the heart of the community.

Most inventory
The Top Plan
$245K to $245K

The largest, best-optioned plans on the better homesites, the strongest resale here.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

$245K to $245K
The Entry Plan
The smaller semi-custom plans, the attainable way into the Pace school zone.
$245K to $245K
The Core Home
The mid-size three- and four-bedroom plans with popular options, the heart of the community.
$245K to $245K
The Top Plan
The largest, best-optioned plans on the better homesites, the strongest resale here.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

No CDD on the tax billStrong
Central Intracoastal West locationStrong
Scarce golf and lake homesitesStrong
$30M club reinvestment to 2028Positive
All-resale 1990s conditionManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Parkwood Commons

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

Semi-custom in a coveted Pace location. The deal is the right options, the homesite, and the incentive, priced against resale.

Jon Brooks · Founder, Momentum Realty
8.1B+ · Buy Score
Resale Strength8.0/10
Renovation Risk3.0/10
Location Efficiency8.0/10
Long-Term Defensibility8.0/10
Carrying Cost Advantage8.0/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Parkwood Commons is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live realMLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live realMLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from realMLS; for orientation, not an appraisal.

15-Second Take
  • Golf, lake, and preserve lots hold value best
  • Interior lots are where buyers overpay
  • The lot cannot be renovated, the house can
  • Premium homesites resell faster
  • ~3% asking premium for premium lots today

In a built-out club community, the lot is the resale insurance

The houses can be renovated, but the lot and view cannot. Golf frontage, lakefront, and preserve lots consistently command higher premiums and resell faster than interior lots backing to another home. The premium you pay for a great homesite is the discount you avoid when you sell.

The mistake is paying an estate price for a base interior lot. We help buyers spot which homesites carry real, durable premiums and which are dressed-up interiors, so your money lands where the market will give it back.

Strongest resaleGolf frontage and lakefront homesites at Parkwood Commons

Golf & lakefront lots

Open views over the course or the 26 community lakes. The scarcest, most in-demand homesites; they command the highest premiums and resell fastest.

Strong resalePreserve-backing homesites at Parkwood Commons

Preserve lots

Backing to protected preserve means privacy with no rear neighbor. A consistent favorite that holds value well above a standard interior lot.

Moderate resaleCul-de-sac and larger interior homesites at Parkwood Commons

Cul-de-sac & larger lots

Less traffic, more yard, and an easy walk to the club for some streets. A real but smaller premium that depends on the street and parcel size.

Value tierStandard interior homesites at Parkwood Commons

Standard interior lots

The most affordable way through the gates, and the best renovation value. Just do not pay a golf or lake price for one, this is where buyers most often overpay.

Relative resale strength by lot and view, illustrative of how Parkwood Commons homesites trade. The exact premium depends on the specific home, the view, and the street.

Parkwood Commons in 15 seconds.

Best forBuyers who want a brand-new, semi-custom home in sought-after Pace
Biggest advantageNew construction
Biggest riskOver-optioning beyond what returns at resale
Sweet spotA completed semi-custom plan with value-holding options on a solid homesite
Avoid ifBuyers who want an established neighborhood with mature trees

HOA, CDD & Fees

15-Second Take
  • New construction, low condition risk
  • HOA funds the common areas
  • Confirm the dues and any CDD
  • Builder incentives change the true price
  • Compare to nearby resale

An HOA funds the common areas; confirm the current dues and what they include for a specific homesite.

Common-area maintenance and any community amenities. Confirm exact inclusions for a specific homesite.

Confirm any Community Development District assessment per parcel; it rides on the tax bill separately from the HOA.

The takeaway

In Parkwood Commons, the right list price comes from recent comparable sales matched to your home's plan or vintage, condition, and lot, not an automated estimate.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Parkwood Commons, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Woodbine Springs, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Parkwood Commons home worth?

Get a no-obligation home value based on real comparable sales in Parkwood Commons matched to your condition, lot, and view, 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 the full Parkwood Commons home value & selling guide, recent comps, fees, and 2026 timing →

Real comps, not a Zestimate.

Price History: What Homes Here Have Actually Sold For

Median sale prices in Parkwood Commons year by year since 2012, from closed MLS sales. A long track record beats a single estimate, showing what this community has really done through rate cycles rather than what a model predicts.

Parkwood Commons Market Scorecard

No active listings

Parkwood Commons is currently a no active listings. Limited supply, a median asking price of n/a.

n/a
Months supply
n/a
Median list
$245,000
Median sold
n/a
Per sqft
n/a
Days on mkt
0/0/1
Active/Pend/Sold

Typical home value in the 32091 ZIP is $234,299, about 11.8% below the Florida norm (Zillow Home Value Index).

Zoom out for the wider market: ZIP market scorecard · county scorecard.

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

Where is Parkwood Commons located?
Parkwood Commons is in Pace, Santa Rosa County, Florida. It is a new-construction, semi-custom single-family community built by Thomas Home Corp.
Who built Parkwood Commons?
Parkwood Commons is built by semi-custom builder Thomas Home Corp, building since 2018. Confirm the plan and options for a specific home.
Is there an HOA in Parkwood Commons?
Yes. Parkwood Commons has an HOA that funds the common areas. Confirm the current dues and what they include for a specific homesite.
Does Parkwood Commons have a CDD?
Confirm any Community Development District assessment per parcel before you offer; it rides on the tax bill and changes the true carrying cost. We pull it for any specific Parkwood Commons home.
What schools serve Parkwood Commons?
Parkwood Commons is served by the Santa Rosa County School District (sought-after Pace zone). Assignment is by address, so confirm the current zoned schools for a specific home with the district.
Who builds Parkwood Commons?
Parkwood Commons is built by Thomas Home Corp, a semi-custom builder, which started the subdivision in 2018 with Phase II from 2022. Confirm the plan and options for a specific home.
Does Parkwood Commons have public utilities?
Yes. Homes come on public water and sewer, per the builder. Confirm the utilities and any related fees for a specific home.
What does it cost to buy in Parkwood Commons?
Pricing depends on the home, the floor plan or vintage, and condition far more than any headline number. The right read is a comparable-sales analysis on a specific Parkwood Commons home, which we will run for you.
How far is Parkwood Commons from the beach?
The Gulf beaches at Perdido Key, Pensacola Beach, and Navarre Beach are within a reasonable drive of Parkwood Commons; exact times vary with traffic and your start point. We will map the real commute from a specific home.
Is Parkwood Commons a good investment?
Parkwood Commons has real demand drivers, but as with any home, condition, the specific property, and the price you pay decide the outcome. We give you the honest trade-offs rather than a guarantee.
Is Parkwood Commons a good place to buy?
It fits buyers who want what Parkwood Commons offers; the honest answer depends on your budget, timeline, and how the specific home compares to recent sales. We give you the trade-offs, not a sales pitch.
How do I see homes for sale in Parkwood Commons?
Tell us your budget and timeline and we will send live Parkwood Commons listings, true comparable sales, and the HOA, CDD, and condition read on any home, before the portals.
Should I use the listing agent to buy in Parkwood Commons?
No. The listing agent works for the seller. Having your own representation is the highest-leverage decision you make on any purchase, including here.
Buyers who want a brand-new, semi-custom home in sought-after PaceExcellent fit
Commuters who value being minutes from Five Points and I-10Excellent fit
Households who want options like nine-foot ceilings and graniteExcellent fit
First-time and move-up buyers who value the Pace school zoneExcellent fit
Buyers who want an established neighborhood with mature treesProbably not
Those who want a deep resort-style amenity centerProbably not
Buyers who want a fully custom homeProbably not
Anyone who needs to be inside Pensacola rather than PaceProbably not

Get the inside read on Parkwood Commons

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Parkwood Commons home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Parkwood Commons specialist will reach out personally, usually the same day.

Parkwood Commons median home price history from 2012 to 2026 — chart by Momentum Realty
Median sale price in Parkwood Commons, Florida by year (2012–2026). Source: Momentum Realty.
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Data provided by realMLS.

Zoom out before you decide: see the Pensacola area market guide or every community in the Neighborhood Finder.

More Pace & Pensacola, Escambia & Santa Rosa guides

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