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Villa Russ Park in Fort Walton Beach

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

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All 405 homes for sale in Fort Walton Beach, FL · median $389,999 · 282 homes for sale in 32548 · Okaloosa County homes for sale

Community in Fort Walton Beach · Okaloosa County · ZIP 32548
130 homesBuilt 1956–1990Median sale $393K
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Talk to a Villa Russ Park Expert

True comps, carrying-cost math, and listings before the portals.

Photo via Emerald Coast MLS

Built fromLive Emerald Coast MLS data33 years of closingsFL DOR public recordsUpdated twice daily

As of October 2026, Villa Russ Park in Fort Walton Beach, FL has 2 homes for sale. Over the 12 months ending 2026-09-20, 8 recorded sales closed at a median of $392,750, a median 16 days on market, sellers accepting 96% of original asking (+16% versus the prior year). Homes listed or recently sold were built 1956–1962; none of the 10 geocoded homes sit in a FEMA special flood hazard zone (median elevation 14 ft). At the median price and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $5,060 ($4,560 with the full homestead exemption).

Live · Villa Russ Park Housing Pulse Emerald Coast MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Price
$393K ▲
Median sold · 12 mo
up 15.7% vs the prior 12 months
+15.7% ▲
1-yr price change
n = 8 and 4 sales in the two windows
96.0%
Sale vs ask
+191%
T12M median vs 2012
from a $135K median in 2012
Tempo
3.0mo
Supply
3 to 6 months is the balanced band
17days
Median DOM · closed
8 days at the 2022 low
33%
Under contract
Okaloosa: 23% (551 of 2,441)
2 · 1
For sale · pending
live counts, refreshed twice daily
8
Sold · last 12 mo
10-yr average: about 4 a year
Ownership and context
72%
Owner-occupied · Villa Russ Park
95 of 131 parcels homesteaded (FL DOR 2025)
28%
Non-owner-occupied · Villa Russ Park
incl. 9% trust or LLC-held · 7% out-of-state
130
Homes in the community
plus 1 vacant residential lots · 131 residential parcels (FL DOR 2025)
Track record · 33 years of records
10
Recorded sales · 2024-2025
median $385K · qualified sales on the county roll (FL DOR 2025)
Est. 1956
Community established
homes built 1956-1990, median 1960 (FL DOR 2025)
6.2%/yr
Turnover rate
about 8 of 130 homes trade a year
Jon Brooks, Co-Founder of Momentum Realty
Jon's Read · written July 25, 2026

Villa Russ Park is a condition-and-age story, not a floor-plan story. With a housing stock spanning 1920 to 2024 and a median build year of 1960, what a home has actually had done to it — roof, systems, updates — drives price far more than square footage, even though the median living area of roughly 1,973 sq ft gives you real room to work with. The single median price of $365,250 tells you where the middle sits; it does not tell you the spread, and in a neighborhood this old the spread is wide.

Posture right now leans firm but not frantic. A median of 16.5 days on market and a heat score of 59 say well-priced, presentable homes move quickly, while just one active listing means inventory is thin and selection is limited. Sellers hold a modest edge; buyers should be ready to act on the right listing rather than wait for a deep bench of options to appear.

Figures in this note are as of July 25, 2026. The live market numbers elsewhere on this page update nightly and are newer.

Villa Russ Park Housing Pulse · Momentum Research · as of September 20, 2026

Villa Russ Park right now

🟡 Balanced market. 3.0 months of supply and 33% of the inventory already under contract put buyers and sellers on roughly even footing.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 September 20, 2026. Confidence: Medium (3 active and pending listings, 8 closed sales in 12 months).

🟢 Still climbing. The trailing-12-month median ($393K) is up 15.7% from the prior 12 months ($340K) and up 191% since 2012. With about 4 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Emerald Coast MLS closed sales, 12-month windows ending September 20. Confidence: Low (8 and 4 sales in the two windows).

Jump to: Price history & scorecard · Homes for sale · Schools · FAQ

By , Co-Founder, Momentum Realty · Updated October 20, 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

Villa Russ Park market snapshot (as of September 20, 2026): the median sale price is about $393K, a median 17 days on market for closed sales, and 3.0 months of supply, a balanced market. The trailing-12-month median is up 16% from the prior 12 months and up 191% since 2012, computed from record-level Emerald Coast MLS closed sales (8 closings in the current window).

In ZIP 32548 (Fort Walton Beach), 338 homes closed in the last 12 months at a median of $325K, up 11.9% year over year, with a median 41 days on market. Right now 112 active and 32 pending listings put supply at about 5.0 months — a balanced market. See the live ZIP 32548 housing market and the Okaloosa County market.

County records show 10 qualified sales in VILLA RUSS PARK across 2024–2025 (4 in 2024, 6 in 2025), median $385,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Villa Russ Park is a community of 130 homes in Fort Walton Beach, Okaloosa County, built between 1956 and 1990 (median 1960.0), with a median living area of about 2,072 square feet. 72% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

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.

Quick Match

Who Villa Russ Park is best for.

Best for

  • Buyers who want an established neighborhood and can weigh a home on its updates and systems, not just its size
  • Owner-occupants planning to stay, drawn to a high-homestead pocket with a long upward price trend
  • Renovation-minded buyers willing to trade older bones for a home they can bring up to date over time

Probably not for

  • Buyers who need a wide slate of active listings to compare before committing
  • Those wanting new construction or turnkey condition with no renovation risk
  • Amenity-seekers expecting community pools, gates, or shared facilities, which are not identified here

Windows contain 1 to 8 sales each (8 in the current window); every figure carries its sample size, and thin markets swing on single closings. 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.

Median sale price · trailing 12 mo
$200K$300K$400K20122014201620182020202220242026
Up 15.7% year over year; up 191% since 2012.
Median days on market · closed sales
05010020122014201620182020202220242026
8 days at the 2022 low; 17 now.
Sale price vs original ask · median
85%90%95%100%20122014201620182020202220242026
96.0% now.
Homes sold per 12-mo window
025820122014201620182020202220242026
1 to 8 a year; 8 in the current window.
How much local inventory is already under contract

14% 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 (2026-10-20).

VILLA RUSS PARK Market Scorecard

Seller's market

VILLA RUSS PARK is currently a seller's market. About 3.0 months of supply, a median asking price of $534,500, and homes go under contract in about 108 days.

3.0
Months supply
$534,500
Median list
$392,750
Median sold
n/a
Per sqft
108
Days on mkt
2/0/8
Active/Pend/Sold

Typical home value in the 32548 ZIP is $337,209, about 6.7% above the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Homes For Sale Right Now in Villa Russ Park

Live MLS inventory for Villa Russ Park. 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.

11 SE Waynel Circle home for sale in Villa Russ ParkActive · 68 daysTop listing
$589,000
4 bd · 3 ba · built 1959
11 SE Waynel Circle, Fort Walton Beach, 32548
Listed by Florida Sales Realty
108 SE Waynel Circle home for sale in Villa Russ ParkActive · 137 days
$480,000
3 bd · 2 ba · built 1960
108 SE Waynel Circle, Fort Walton Beach, 32548
Listed by Bastion Realty LLC

Active and pending Villa Russ Park listings as of 2026-10-19, 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.

Interactive Map

Villa Russ Park on the map.

Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.

Listing locations from Emerald Coast MLS. Map data © OpenStreetMap contributors.

Schools

In short
  • Okaloosa County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • 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.

Shop the zone: Homes zoned for Choctawhatchee High School

The Strategy

The Villa Russ Park buying strategy.

If we were buying in Villa Russ Park today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 Villa Russ Park.

The Quick Decision
Best Buy
Buyers who want an established Fort Walton Beach location and are comfortable judging homes on condition.
Biggest Risk
Thin inventory and an old median build year mean fewer choices and real renovation variability.
Sweet Spot
An updated home near the median size at a defensible price.
Avoid If
You need selection and move-in-ready certainty without weighing an inspection.
The Deep Dive

An old-bones neighborhood in a tight market

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.

“

The location and the amenities are priced into every listing in Villa Russ Park. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty
Momentum Intelligence

Momentum Buy Score.

Our proprietary 0 to 10 read across the factors that decide how a home in Villa Russ Park buys, holds, and resells. Momentum Research; not an appraisal.

8.3A- · Buy Score
Long-Term Appreciation10.0/10
Recent Direction9.9/10
Liquidity & Demand7.0/10
Owner Commitment7.2/10
Pricing Power7.4/10

Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 5 factors (8.3). Basis: Long-Term Appreciation +191% since 2012; Recent Direction +15.7% year-over-year; Liquidity & Demand 3.0 months of supply; Owner Commitment 72% owner-occupied; Pricing Power 96.0% sale-to-list. Refreshed with each data update.

Why Momentum

Why work with Momentum here

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.

The 15-Second Verdict

Villa Russ Park in 15 seconds.

Best forBuyers who want an established Fort Walton Beach location and are comfortable judging homes on condition.
Biggest advantageLong-run price strength — up 159% since 2012 — in an owner-heavy, low-turnover pocket.
Biggest riskThin inventory and an old median build year mean fewer choices and real renovation variability.
Sweet spotAn updated home near the median size at a defensible price.
Avoid ifYou need selection and move-in-ready certainty without weighing an inspection.

What it really costs to own in Villa Russ Park

The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.

Property taxCurrent owners' bills run a median of $2,779/yr across 6 listings here (MLS tax records, 2026-10-20).
Home and flood insuranceThe average Citizens Property Insurance premium in Okaloosa County is $2,644/yr (1,101 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction.
Roof and ageMedian build year 1960 across 8 listings. An original roof here would be about 66 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails.

Email me new listings in Villa Russ Park

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.

Equal Housing Opportunity. Every community is open to everyone; alerts are about homes, never about who lives here.

Ask an agent about Villa Russ Park

Have a question about the homes, fees, rules or commute here? A Momentum agent who works Villa Russ Park will answer, and the answer is published on this page for the next buyer.

Property facts only: homes, fees, rules, commute. Every community is open to everyone; agents do not answer questions about who lives here.

HOA, CDD & Fees

A note on who we are: Momentum Realty is a real estate brokerage. We are not the Villa Russ Park homeowners association, its management company or its developer, and we cannot help with dues, gate access, violations, amenity bookings or association documents. To reach the association, check your closing package, the recorded declaration at the county clerk, or search the association’s name at sunbiz.org for its registered agent. Call or message us to buy or sell a home in Villa Russ Park.
In short
  • 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.

Run Your Numbers

Tools for a Villa Russ Park buy.

Free calculators to pressure-test the real cost before you tour.

Mortgage paymentPrincipal, interest, taxes, and insurance on a specific price.Property taxOkaloosa County millage and the homestead picture.Rent vs buyThe breakeven on owning in Villa Russ Park.Save Our HomesProject your homestead tax cap over time.
The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Villa Russ Park sales matched to your home.

Selling in Villa Russ Park

Price it to the comps and condition, not an automated estimate.

If you are thinking about selling in Villa Russ Park, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.

What is your Villa Russ Park home worth?

Get a no-obligation home value based on real comparable sales in Villa Russ Park, 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 →

Real comps, not an automated estimate.

Recently off market in VILLA RUSS PARK

Homes in VILLA RUSS PARK 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. 2 on record.

Villa Russ Park key facts
LocationFort Walton Beach, Okaloosa County, FL · ZIP 32548
Homes in the community130 (FL DOR 2025 assessment roll)
Years built1956–1990 (median 1960.0)
Typical living area2,072 sq ft (median)
Home types (current listings and sales)detached single family 100%
Amenities listed by sellersBeach, Boat Launch, Fishing, Playground, Pets Allowed, Pickleball
Sale prices, last 12 months$392,750 median across 8 closed sales · +15.7% vs the prior 12 months
Days on market (closed sales)16 median
For sale right now2 active, 1 pending · median asking $439,950 · 3.0 months of supply
Owner-occupied (homestead) share72%

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, “Villa Russ Park key facts,” movewithmomentum.com/neighborhoods/villa-russ-park, data as of September 20, 2026.

Housing distress & ownership in VILLA RUSS PARK, Fort Walton Beach

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
0.0%
0 of 7 listings
Distress share trend — 0.0% now (2026-08-10 → 2026-10-14)

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.

Just listed in Villa Russ Park

The newest homes for sale in Villa Russ Park right now, newest first. Each link opens the full listing with every photo, the price history and a tour request.

Checked against the MLS Oct 20, 2026. All new listings in this market.

Every Home for Sale in Villa Russ Park Right Now (2)

All 2 active and pending Villa Russ Park listings with a detail page, newest first, refreshed twice a day from the MLS.

Streets in this community

Street-level pages: every home on record, what sold and what is for sale on each street.

Frequently Asked Questions

What is the median home price in Villa Russ Park?
The median sale price in Villa Russ Park was $393K over the 12 months ending September 20, 2026 (8 closed sales, Emerald Coast MLS).
How long do homes in Villa Russ Park take to sell?
Homes that closed in the 12 months ending September 20, 2026 took a median 17 days on market (8 sales, Emerald Coast MLS).
Is Villa Russ Park a buyer's or seller's market right now?
As of September 20, 2026, Villa Russ Park is roughly balanced: 3.0 months of supply at the current sales pace (Emerald Coast MLS live counts).
How many homes are in Villa Russ Park?
The Florida DOR 2025 assessment roll shows 130 homes plus 1 vacant residential lots in Villa Russ Park (public records).
What share of Villa Russ Park is owner-occupied?
72% of Villa Russ Park parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Villa Russ Park built?
Homes in Villa Russ Park were built between 1956 and 1990, with a median year built of 1960.0 (FL DOR 2025 roll).
Have Villa Russ Park home prices gone up?
The trailing-12-month median is up 191% since 2012, from $135K to $393K (Emerald Coast MLS closed records).
Who is the best real estate agent for Villa Russ Park?
The best agent for Villa Russ Park is one who actively works Fort Walton Beach and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Villa Russ Park.
How do I find a top Fort Walton Beach real estate agent who knows Villa Russ Park?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Villa Russ Park and the wider Fort Walton Beach area.
Can Momentum Realty connect me with an agent for Villa Russ Park?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Villa Russ Park purchase or sale - no call center and no pressure.
Where is Villa Russ Park, and what county is it in?
Villa Russ Park is in Fort Walton Beach, Okaloosa County, FL, ZIP 32548. The community's center is about 4 miles west of the center of Fort Walton Beach (straight-line).
Is Villa Russ Park a good place to live?
That depends on your budget, commute and what you want in a home, so here is what the data says about Villa Russ Park: the median sale price over the last 12 months was $393K (8 sales), 10% above the Fort Walton Beach median of $358K; homes took a median 16 days to go under contract; the assessment roll counts 130 homes, 72% of them homesteaded (owner-occupied); supply is 3.0 months at the current sales pace, which is balanced. The full numbers, price history and the flood and school sections are above.
The Verdict

Should you buy in Villa Russ Park?

An honest fit check. We will tell you when it is not your community.

Buyers who want an established neighborhood and can weigh a home on its updates and systems, not just its sizeExcellent fit
Owner-occupants planning to stay, drawn to a high-homestead pocket with a long upward price trendExcellent fit
Renovation-minded buyers willing to trade older bones for a home they can bring up to date over timeExcellent fit
Buyers who need a wide slate of active listings to compare before committingProbably not
Those wanting new construction or turnkey condition with no renovation riskProbably not
Amenity-seekers expecting community pools, gates, or shared facilities, which are not identified hereProbably not

Data sources & freshness

Live listingsEmerald Coast MLS, refreshed twice daily (last: October 19, 2026)
Community market statsEmerald Coast MLS closed sales, 12-month windows ending September 20, 2026
Housing stock & ownershipFlorida DOR assessment roll (street-list match (3 streets, ZIP 32548))
Under-contract sharesEmerald Coast MLS records, as of 2026-09-20
Historical depthClosed-sale records back to 1993 (73 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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Olde Fort Walton0.1 mi away · median $555K, 3 sales/12 moElliotts Point0.2 mi away · median $220K, 3 sales/12 moOCOcean City S D0.3 mi awayElliotts Point0.3 mi away · 3 for salePryorwood S D0.3 mi away · 5 homes, built 1992–04Spinnaker0.4 mi away · 12 homes, built 1946–04FPFerry Park0.4 mi away · 1 for saleNew Walton Village0.4 mi away · 73 homes, built 1946–20

Browse all neighborhood guides →

Thinking of selling in VILLA RUSS PARK? 8 recorded closings; median 16 days on market (window ending 2026-09-20). See the Okaloosa County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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