Southway Estates
Homes for Sale in Crestview, FL
All 365 homes for sale in Crestview, FL · median $325,000 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of November 2026, Southway Estates 2ND Addn in Crestview, FL has 1 home for sale. Southway Estates 2ND Addn is a community in Crestview, Okaloosa County, FL. Across Crestview as a whole, 136 homes closed in the last 12 months at a median of $319,000, 82 median days on market, with 383 homes for sale today. At that median and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $4,110 ($3,600 with the full homestead exemption).
Price here is driven by condition and individual home, not by a range of new construction. Southway Estates 2nd Addn is a small pocket of roughly 60 homes built between 1992 and 2007, with the median home dating to 2006. That build era and a median footprint just under 1,500 square feet tell you most of what you need to know: these are modest, established houses where what you pay tracks directly to how much updating has been done.
With only one active listing against a backdrop of steady owner-occupancy, this is a thin, tightly held market. For a buyer, that means limited choice and a need to move deliberately when the right home lists. For a seller, scarcity works in your favor, but the pricing conversation still comes down to condition — buyers here are comparing your finishes to the next house, not chasing a scarce amenity.
Figures in this note are as of July 26, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Southway Estates right now
🟢 Buyer-leaning market. 12.0 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Emerald Coast MLS records, as of November 9, 2026. Confidence: Low (1 active and pending listings, 0 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated November 13, 2026 · Live data: Emerald Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Southway Estates 2nd Addn is a compact, largely owner-occupied enclave in Crestview where the homes themselves — their age and their upkeep — set the tone, since there are no community amenities identified from current listings.
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 Southway Estates is best for.
Best for
- Buyers seeking a modest, single-story home under roughly 1,500 square feet and willing to compare condition closely
- Owner-occupants who want an established street with no amenity fees to carry
- Patient buyers comfortable waiting for scarce inventory to come to market
Probably not for
- Buyers who need substantial square footage or newer-than-2007 construction
- Anyone wanting community amenities such as a pool, gym, or clubhouse
- Buyers who need to close quickly and require multiple homes to choose from
The market around Southway Estates
Southway Estates is too small for its own price trend, so here is the market around it.
Across Okaloosa County, 1,691 homes are active and 403 pending (19% under contract).
ZIP and county figures describe the wider market, not Southway Estates specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Southway Estates
Live MLS inventory for Southway Estates. 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 Southway Estates listings as of 2026-11-12, 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.
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 Southway Estates 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 Southway Estates address.
Shop the zone: Homes zoned for Crestview High School
The Southway Estates buying strategy.
If we were buying in Southway Estates 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.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
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 Southway Estates.
A small, condition-driven pocket
At about 60 homes, this is a neighborhood you can learn quickly. The build window of 1992 to 2007 means you'll see some variation in style and systems from house to house, and with a median living area right around 1,487 square feet, this is single-story, right-sized living rather than sprawling square footage. The spread in price you'll encounter comes from what's been renovated versus what's still original.
Just over half the homes carry a homestead exemption, which points to an established, owned-and-lived-in feel rather than a rental-heavy street. There are no shared amenities to maintain or pay for, so your carrying costs stay tied to the house and the lot. That's a plus for buyers who don't want to fund a pool or clubhouse they won't use.
The location and the amenities are priced into every listing in Southway Estates. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a neighborhood this small with almost nothing on the market, timing and preparation are everything. We track when the rare listing comes available, and we help you read condition accurately — because in Southway Estates 2nd Addn, the difference between two similar-sized homes is almost entirely about what's under the roof and behind the walls, not about square footage or amenities.
Southway Estates in 15 seconds.
Tools for a Southway Estates 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 Southway Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Southway Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Southway Estates home worth?
Get a no-obligation home value based on real comparable sales in Southway Estates, 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 Crestview →
Recently off market in SOUTHWAY ESTATES 2ND ADDN
Homes in SOUTHWAY ESTATES 2ND ADDN that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 1 on record.
- 131 Nivana Drive · off market
Housing distress & ownership in SOUTHWAY ESTATES 2ND ADDN, Crestview
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.
Every Home for Sale in Southway Estates 2Nd Addn Right Now (1)
All 1 active and pending Southway Estates 2Nd Addn listings with a detail page, newest first, refreshed twice a day from the MLS.
- 123 Nivana Drive · $249,900 · 3 bd / 2 ba · listed Sep 1, 2026 · listed by La Bella Vita Property Group LLC
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Crestview guides & data
- Market data
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- Property taxes (Okaloosa County)
- Homestead exemption (Okaloosa County)
- Home insurance cost
- New construction
- New construction (Okaloosa County)
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Florida buyer guides
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- Florida property tax calculator
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- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
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- Florida documentary stamp tax, explained
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Email me new listings in Southway Estates
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Southway Estates
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Southway Estates will answer, and the answer is published on this page for the next buyer.
28% of homes for sale in ZIP 32536 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 (2026-11-12).
Recent Developments in Southway Estates 2nd Addn
Development, infrastructure, retail, and school activity affecting Southway Estates 2nd Addn, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated November 2026.
- October 2026Retail & Dining
7 Brew drive-thru coffee stand opens on Beal Parkway in Fort Walton Beach
The stand at 799 Beal Parkway opened Oct. 19 and is the chain's second in Fort Walton Beach. It is expected to add 75 local jobs, and an opening fundraiser raised $4,661 for an equine therapy nonprofit.
What it may mean for the marketA new drive-thru option along Beal Parkway adds early-morning and late-night food and beverage access and about 75 jobs nearby. The project is about 23 miles south of Southway Estates 2nd Addn, elsewhere in Okaloosa County.
Source: Get The Coast - October 2026Infrastructure
Okaloosa County stabilizes 180 miles of dirt roads in north county
Okaloosa County has stabilized 180 miles of dirt roads using the voter-approved infrastructure surtax, more than triple the original goal of 50 miles in five years. The roads received a limerock base topped with chip-seal or hot-mix, and the county says only a handful of roads remain. The work is in north Okaloosa County.
What it may mean for the marketPaved rural roads in north Okaloosa could improve year-round access and reduce road maintenance costs for areas near Crestview. The site is about 2 miles north of Southway Estates 2nd Addn.
Source: Get The Coast - September 2026Civic
Okaloosa commissioners reject 12-month data center moratorium 3-2
Okaloosa County commissioners voted 3-2 on September 15 against a 12-month data center moratorium. On September 3 the board unanimously directed staff to develop a regulatory framework for data centers, with an outline due within 60 days. No specific project or site was proposed, and commissioners discussed protecting the Shoal River Industrial Park.
What it may mean for the marketThe pending rules will shape where large power-and-land-intensive facilities can locate in the county, including industrial land near Crestview. The site is about 3 miles southwest of Southway Estates 2nd Addn.
Source: Get The Coast - June 2026Civic
DeSantis signs state budget with funding for Okaloosa County projects
Governor DeSantis signed the state budget that included roughly $15 million for 20 Okaloosa County projects, among them $5 million for the Northwest Florida State College Workforce Innovation Center in Niceville, $1.5 million for Shalimar Bridge Park, and $3 million for Destin road and drainage work. About $7.26 million in other local requests were vetoed.
What it may mean for the marketDirects state funding toward workforce, park, road, and drainage infrastructure across Okaloosa County, supporting public facilities and capacity in Niceville, Shalimar, and Destin. The site is about 17 miles south of Southway Estates 2nd Addn.
Source: Get The Coast - May 2026Development
Okaloosa commissioners approve master plan for 392-lot River Park subdivision in Crestview
Okaloosa County commissioners unanimously approved the master plan for River Park, a 392 lot single family subdivision on 263 acres east of Main Drive and north of Airport Road in Crestview. The project by River Park Landing LLC will be built in three phases, with each phase requiring a separate development order approval.
What it may mean for the marketAdds substantial single family housing supply to the Crestview market and phases new residential construction onto a large tract in north Okaloosa County. The site is about 1 mile northeast of Southway Estates 2nd Addn.
Source: Get The Coast - May 2026Infrastructure
Okaloosa County opens $212M Southwest Crestview Bypass
Okaloosa County opened the $212 million Southwest Crestview Bypass, a 3.5 mile four lane corridor connecting Antioch Road to State Road 85 with access from U.S. Highway 90. The project includes a 1,713 foot bridge, sidewalks, a multi use path, and direct access to the new Pineview K-8 school opening in August 2026.
What it may mean for the marketAdds a major four lane traffic corridor serving southwest Crestview and expands regional road capacity for surrounding growth in north Okaloosa County. The site is about 4 miles southwest of Southway Estates 2nd Addn.
Source: Get The Coast
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.
Frequently Asked Questions
Is Southway Estates a buyer's or seller's market right now?
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Where is Southway Estates, and what county is it in?
Should you buy in Southway Estates?
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: November 12, 2026) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-11-09 |
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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