Racetrack Road
Homes for Sale in Fort Walton Beach, FL
All 385 homes for sale in Fort Walton Beach, FL · median $399,999 · 123 homes for sale in 32547 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of November 2026, Racetrack Road 3RD Addn in Fort Walton Beach, FL has 1 home for sale. As of November 2026, the MLS records 2 closed sales in Racetrack Road 3RD Addn in Fort Walton Beach, FL since 2019, the most recent in October 2022. Across Fort Walton Beach as a whole, 56 homes closed in the last 12 months at a median of $337,500, 55 median days on market, with 398 homes for sale today. At that median and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $4,350 ($3,840 with the full homestead exemption).
This is a thin market by definition: one active listing in RACETRACK ROAD 3RD ADDN as of mid-2026. With a single home on the board and no published median here, price is set by that one property's condition, lot, and how motivated the seller is — not by any broad neighborhood trend you can lean on.
For a buyer, that means the comp picture is built from surrounding sales, not from what's currently listed inside the subdivision. For a seller, it means you're the market right now — pricing has to be justified from recent closings nearby and honest condition assessment, because there's no second listing shaping expectations.
Figures in this note are as of July 26, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
RACETRACK ROAD 3RD ADDN is a small pocket off Racetrack Road in Fort Walton Beach, Okaloosa County. With just one home currently listed and no community amenities identified from MLS, this is a place you evaluate house-by-house rather than by neighborhood metrics.
Emerald Coast MLS sales records identify 53 homes in RACETRACK ROAD that have changed hands since 2002, built between 1962 and 2020 (median 1964), with a median living area of about 1,408 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 set on this stretch of Racetrack Road who are patient enough to wait for inventory
- Buyers who want to skip amenity-association dues and keep monthly costs lean
- Buyers comfortable pricing a home off broader-area comparables rather than in-subdivision listings
Probably not for
- Buyers who want several homes to tour and compare within one community
- Buyers seeking a pool, gate, or clubhouse-style amenity package
- Buyers on a strict timeline who can't wait for the next listing to appear
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), 65 homes closed in the last 12 months at a median of $325K, up 10.3% year over year, with a median 29 days on market. Right now 23 active and 8 pending listings put supply at about 4.2 months — a balanced 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.
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.
A single-listing market
There are no shared amenities identified from current MLS listings — no association-driven pool, gate, or common area to price into the equation. That keeps carrying costs simple, but it also means value comes entirely from the individual property and its location along the Racetrack Road corridor in Fort Walton Beach.
Because inventory is limited to one home, timing and preparation matter more than in a deep, active subdivision. A buyer here should move on the right house when it appears and be ready to draw comparables from the broader area. A seller should treat pricing as a build-from-scratch exercise anchored to recent nearby sales rather than to in-community listing activity.
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
Thin markets punish guesswork. In a subdivision with one active listing and no in-community amenity story, the value work happens in the comps and the condition analysis — pulling relevant sales from the surrounding Fort Walton Beach area and telling you plainly whether the price holds up. That's the work we do before you write or accept an offer.
Racetrack Road in 15 seconds.
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.
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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: July 25, 2026) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2019 (2 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.
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See how RACETRACK ROAD 3RD ADDN fits the bigger picture — live prices, inventory, and Momentum Scores: