Parkwood Terrace
Homes for Sale in Fort Walton Beach, FL
All 414 homes for sale in Fort Walton Beach, FL · median $398,000 · 149 homes for sale in 32547 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of October 2026, Parkwood Terrace in Fort Walton Beach, FL has 1 home for sale. As of October 2026, the MLS records 12 closed sales in Parkwood Terrace in Fort Walton Beach, FL since 1993, the most recent in July 2025. Across Fort Walton Beach as a whole, 287 homes closed in the last 12 months at a median of $357,612, 39 median days on market, with 99 homes for sale today. At that median and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $4,610 ($4,100 with the full homestead exemption).
| Location | Fort Walton Beach, Okaloosa County, FL · ZIP 32547, 32548 |
|---|---|
| Homes in the community | 36 (FL DOR 2025 assessment roll) |
| Years built | 1950–2022 (median 1965.0) |
| Typical living area | 2,044 sq ft (median) |
| For sale right now | 1 active, 0 pending · median asking $215,000 |
| Owner-occupied (homestead) share | 56% |
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, “PARKWOOD TERRACE key facts,” movewithmomentum.com/neighborhoods/parkwood-terrace--okaloosa, data as of September 20, 2026.
Parkwood Terrace in Fort Walton Beach is a thin-inventory market right now, with a single active listing as of July 2026. With one home on the market, there is no meaningful spread to read from — price here will be set by the condition, size, and specifics of whatever is actually listed, not by a broad community trend. Treat any one sale as a data point, not a pattern.
For a buyer, that means the current listing is close to the whole game: if it fits, move deliberately, because there is no backup option sitting on the same street. For a seller, the scarcity cuts in your favor on visibility, but with no comparable active competition to anchor expectations, pricing has to lean on recent nearby sales and honest condition assessment rather than what a neighbor is asking.
The 60-Second Overview
Parkwood Terrace is a small pocket within Fort Walton Beach in Okaloosa County, and it currently reads as a low-turnover market — activity is measured in single listings, not pages of them.
Emerald Coast MLS sales records identify 6 homes in PARKWOOD TERRACE that have changed hands since 2003, built between 1980 and 1984 (median 1980), with a median living area of about 1,180 sq ft and a typical 3-bedroom, 2-bath layout; 100% are townhomes. 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 3 qualified sales in PARKWOOD TERRACE across 2024–2025 (1 in 2024, 2 in 2025), median $323,000 — 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.
Who Parkwood Terrace is best for.
Best for
- A buyer targeting a particular Fort Walton Beach location and willing to act on the single listing available
- A buyer comfortable underwriting value from condition and nearby comparable sales rather than a community average
- A seller who wants to stand out in a quiet, low-inventory field with disciplined pricing
Probably not for
- A buyer who needs multiple homes to tour and compare before deciding
- A buyer expecting a specific amenity package, since none is identified from current listings
- A buyer or seller who wants a broad, trend-backed price story rather than a single-property read
The market around Parkwood Terrace
Parkwood Terrace is too small for its own price trend, so here is the market around it.
In ZIP 32547, 198 homes are on the market and 27% are under contract — a steady corner of Fort Walton Beach.
Across Okaloosa County, 1,890 homes are active and 551 pending (23% under contract).
In ZIP 32547 (Fort Walton Beach), 385 homes closed in the last 12 months at a median of $337K ($136/sq ft), up 12.1% year over year, with a median 38 days on market. Right now 107 active and 39 pending listings put supply at about 4.0 months — a healthy market. See the live ZIP 32547 housing market and the Okaloosa County market.
ZIP and county figures describe the wider market, not Parkwood Terrace specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in PARKWOOD TERRACE, 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.
Homes For Sale Right Now in Parkwood Terrace
Live MLS inventory for Parkwood Terrace. 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 Parkwood Terrace 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.
Every Home for Sale in Parkwood Terrace Okaloosa Right Now (1)
All 1 active and pending Parkwood Terrace Okaloosa listings with a detail page, newest first, refreshed twice a day from the MLS.
- 21 SW Wright Parkway #C · $215,000 · 3 bd / 1.5 ba · listed Jul 2, 2026 · listed by Realty ONE Group Emerald Coast
Schools
- Okaloosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Edwins · Elementary
- Bruner · Middle
- Fort Walton Beach · High
Zoned schools reflect the assignments reported on recent Parkwood Terrace 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 Parkwood Terrace address.
Shop the zone: Homes zoned for Fort Walton Beach High School
The Parkwood Terrace buying strategy.
If we were buying in Parkwood Terrace 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 Parkwood Terrace.
A one-listing market, read carefully
The defining fact about Parkwood Terrace today is scarcity. With one active listing, there is no reliable range, no entry-level-versus-high-end story to tell, and no amenity package identified from current MLS listings. What you can say honestly is that the value of any home here will be condition-driven and specific — the sort of situation where a walkthrough and a hard look at comparable nearby sales matter more than any community average.
That thin supply changes strategy on both sides. A buyer cannot wait for a wave of choices to wash in; the decision is largely about the home in front of you. A seller, meanwhile, benefits from standing out in a quiet field but loses the easy comfort of pointing to an active neighbor's list price to justify their own. Everything comes back to fundamentals: location within Fort Walton Beach, the condition of the specific property, and disciplined pricing.
The location and the amenities are priced into every listing in Parkwood Terrace. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market this thin, the analysis has to come from outside the community itself — recent nearby sales, condition, and location within Fort Walton Beach do the work that a deep inventory normally would. We will tell you plainly whether the one listing is worth pursuing or whether your money is better spent in a nearby pocket with more to compare against, and we will not manufacture a trend out of a single data point.
Parkwood Terrace 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 Parkwood Terrace 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 Parkwood Terrace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Parkwood Terrace, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Parkwood Terrace home worth?
Get a no-obligation home value based on real comparable sales in Parkwood Terrace, 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 →
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 (2026-10-02).
Frequently Asked Questions
How many homes are in Parkwood Terrace?
What share of Parkwood Terrace is owner-occupied?
When were the homes in Parkwood Terrace built?
Who is the best real estate agent for Parkwood Terrace?
How do I find a top Fort Walton Beach real estate agent who knows Parkwood Terrace?
Can Momentum Realty connect me with an agent for Parkwood Terrace?
Where is Parkwood Terrace, and what county is it in?
Should you buy in Parkwood Terrace?
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: July 25, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (1 streets, ZIP 32547/32548)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 1993 (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.
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 local comps.
Looking to buy here? Search homes for sale →
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how PARKWOOD TERRACE fits the bigger picture — live prices, inventory, and Momentum Scores:
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