Villa Russ Park
Homes for Sale in Fort Walton Beach, FL

Villa Russ Park is an established Fort Walton Beach pocket of 353 homes built across more than a century, where a 65% homestead share points to an owner-occupied core rather than a churn of investor flips.

Emerald Coast MLS sales records identify 58 homes in VILLA RUSS PARK that have changed hands since 2002, built between 1956 and 1969 (median 1960), with a median living area of about 1,746 sq ft and a typical 3-bedroom, 2-bath layout; 100% 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.

County records show 9 qualified sales in VILLA RUSS PARK across 2024–2025 (4 in 2024, 5 in 2025), median $385,000 — 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.

Villa Russ Park is too small for its own price trend, so here is the market around it.

In ZIP 32548, 307 homes are on the market and 10% are under contract — a slower corner of Fort Walton Beach.

Across Okaloosa County, 1,691 homes are active and 403 pending (19% under contract).

In ZIP 32548 (Fort Walton Beach), 51 homes closed in the last 12 months at a median of $325K, up 10.3% year over year, with a median 57 days on market. Right now 37 active and 10 pending listings put supply at about 8.7 months — a buyer's market. See the live ZIP 32548 housing market and the Okaloosa County market.

ZIP and county figures describe the wider market, not Villa Russ Park specifically. Momentum Research analysis of MLS records.

• Elliott Point · Elementary
• Meigs · Middle
• Choctawhatchee · High

Zoned schools reflect the assignments reported on recent Villa Russ Park 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 Villa Russ Park address.

The defining feature here is age and variety. A range from 1920 to 2024 with a 1960 median means you are shopping a genuine mix — original mid-century houses, decades of renovations, and the occasional new build on an infill lot. That makes inspection and renovation history the center of any offer. Two homes at similar sizes can be worth very different amounts depending on what has been updated, so read each listing on its own condition merits rather than by the median.

The market data supports patience of a specific kind. Prices are up 4.4% year over year and 159% since 2012, so the long trend has been upward, but with only one active listing and closings running in single digits over the recent window, this is a low-volume market. That thin supply cuts both ways: sellers face little direct competition, and buyers may wait for the right property to surface rather than choose among many.

In a neighborhood where price hinges on condition and inventory is this thin, the value we add is judgment, not listings volume. We help sellers position an updated home against the median and price an as-is home honestly, and we help buyers separate a home that has been maintained from one that will need a roof and systems the day after closing. With homes moving in about 16.5 days, we make sure you are ready to evaluate and act before the window closes.