Racetrack Road
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, the MLS records 20 closed sales in Racetrack Road 1ST in Fort Walton Beach, FL since 2000, the most recent in March 2026. 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 | 49 (FL DOR 2025 assessment roll) |
| Years built | 1954–2007 (median 1973) |
| Typical living area | 1,820 sq ft (median) |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 47% |
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, “RACETRACK ROAD 1ST key facts,” movewithmomentum.com/neighborhoods/racetrack-road-1st, data as of September 20, 2026.
Price here is driven by condition and lot, not by a build era or a badge. This is an older pocket, with a median build year of 1972 and homes stretching from 1954 to 2021, so what you pay tracks closely to how much work has already been done. A renovated house and a tired one on the same street can sit far apart on price, and the median living size of about 1,606 square feet keeps most of the stock in modest, single-story territory.
With roughly 65 homes and a homestead share just over half, turnover is limited and inventory is thin. For a buyer that means patience and a willingness to move when the right condition shows up; for a seller it means the comp you lean on may be a few doors down and several years old. Presentation and honest pricing carry more weight here than any market tailwind.
Nearby homes for sale
No active listings inside RACETRACK ROAD 1ST right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Racetrack Road 1st is a small, established neighborhood in Fort Walton Beach where the housing is older and modestly sized, and value comes down to the individual home rather than any community feature.
Emerald Coast MLS sales records identify 58 homes in RACETRACK ROAD that have changed hands since 2002, built between 1962 and 2020 (median 1970), with a median living area of about 1,526 sq ft and a typical 3-bedroom, 2-bath layout; 98% 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.
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 Racetrack Road is best for.
Best for
- Buyers targeting a compact, single-story home they can renovate over time
- Value-focused buyers comfortable underwriting an older house on condition
- Those who prefer a plain residential street over an amenity-driven development
Probably not for
- Buyers who want move-in-ready new construction
- Anyone needing a large floor plan well above the median size
- Those looking for HOA amenities like a pool or clubhouse
The market around Racetrack Road
Racetrack Road 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 Racetrack Road specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in RACETRACK ROAD 1ST, 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.
The Racetrack Road buying strategy.
If we were buying in Racetrack Road 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 Racetrack Road.
An older, condition-driven pocket
The build range runs from 1954 to 2021, but the median year built of 1972 tells you where the weight sits: this is a mature area, and most homes carry the systems, layouts, and lot sizes of their era. A handful of newer builds exist, which is why the price spread is wide even though the only figure worth quoting is the median. Expect to underwrite each house on its own merits — roof, systems, and updates matter more than the address alone.
At about 65 homes with no community amenities identified from current MLS listings, this is not an HOA-managed enclave with shared facilities; it is a straightforward residential grid. The median living area near 1,606 square feet points to compact, functional floor plans rather than sprawling ones. If you want a starter-scale house you can improve over time, the age of the stock works in your favor.
The location and the amenities are priced into every listing in Racetrack Road. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a small, low-turnover neighborhood, the difference between a fair number and a wishful one is local comp judgment. We know how to weigh a renovated 1970s house against an original one nearby, how to read the wide condition-driven spread behind a single median, and how to keep a thin-inventory deal moving without overreaching on price. That grounded read protects both buyers and sellers here.
Racetrack Road 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 Racetrack Road 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 Racetrack Road sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Racetrack Road, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Racetrack Road home worth?
Get a no-obligation home value based on real comparable sales in Racetrack Road, 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.
Frequently Asked Questions
How many homes are in Racetrack Road?
What share of Racetrack Road is owner-occupied?
When were the homes in Racetrack Road built?
Who is the best real estate agent for Racetrack Road?
How do I find a top Fort Walton Beach real estate agent who knows Racetrack Road?
Can Momentum Realty connect me with an agent for Racetrack Road?
Where is Racetrack Road, and what county is it in?
Should you buy in Racetrack Road?
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: October 1, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (3 streets, ZIP 32547/32548)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2000 (20 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.
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See how RACETRACK ROAD 1ST fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
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