Water Oaks 2 T/H
Homes for Sale in Niceville, FL
All 182 homes for sale in Niceville, FL · median $499,900 · 183 homes for sale in 32578 · Okaloosa County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Emerald Coast MLS
As of October 2026, Water Oaks 2 T/H in Niceville, FL has 1 home for sale. As of October 2026, the MLS records 21 closed sales in Water Oaks 2 T/H in Niceville, FL since 1993, the most recent in July 2026. Across Niceville as a whole, 246 homes closed in the last 12 months at a median of $530,000, 41 median days on market, with 61 homes for sale today. At that median and Okaloosa County's FY2025-26 rate of 12.89 mills, annual property tax runs about $6,830 ($6,330 with the full homestead exemption).
| Location | Niceville, Okaloosa County, FL · ZIP 32578 |
|---|---|
| Homes in the community | 54 (FL DOR 2025 assessment roll) |
| Years built | 1983–1988 (median 1985.0) |
| Typical living area | 2,088 sq ft (median) |
| Amenities listed by sellers | BBQ Pit/Grill, Fishing, Pavillion/Gazebo, Pickleball, Picnic Area, Pool |
| For sale right now | 1 active, 0 pending · median asking $689,000 · 12.0 months of supply |
| Owner-occupied (homestead) share | 68% |
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, “WATER OAKS 2 T/H key facts,” movewithmomentum.com/neighborhoods/water-oaks-2-t-h, data as of September 20, 2026.
Water Oaks 2 is a townhome community in Niceville, and as of July 2026 it has no active listings on the MLS. That means there is no current asking price to anchor to and no on-market inventory to tour — the community is effectively dark right now. In a small townhome enclave like this, that is common: units turn over infrequently, and when nothing is listed, price is set entirely by the next seller who decides to test the market.
For a buyer, the posture is patience. With zero listings, you are waiting for supply rather than negotiating against it, and the smart move is a standing alert so you see a unit the day it hits. For a seller, an empty active market can cut both ways — there are no competing listings to undercut you, but also no recent comps forming inside the community to lean on when you price.
Water Oaks 2 T/H 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 September 20, 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 October 2, 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
Water Oaks 2 is a townhome community in Niceville, Okaloosa County. With nothing currently listed, it reads as a low-turnover pocket where availability, not choice, is the constraint.
Emerald Coast MLS sales records identify 12 homes in WATER OAKS 2 T/H that have changed hands since 2001, built between 1984 and 1985 (median 1984), with a median living area of about 1,916 sq ft and a typical 3-bedroom, 2.5-bath layout; 100% are townhomes. 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 7 qualified sales in WATER OAKS 2 T/H across 2024–2025 (3 in 2024, 4 in 2025), median $610,000 — 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.
Who Water Oaks 2 T/H is best for.
Best for
- Buyers set on Niceville townhome living who can wait for the next unit to list
- Patient buyers comfortable acting quickly when limited inventory surfaces
- Current owners weighing a sale into a market with no competing listings
Probably not for
- Buyers on a tight timeline who need to close within a set number of weeks
- Buyers who want to compare several available units side by side before deciding
- Buyers who require a shared amenity package, since none is identified here
The market around Water Oaks 2 T/H
Water Oaks 2 T/H is too small for its own price trend, so here is the market around it.
In ZIP 32578, 265 homes are on the market and 31% are under contract — a fast-moving corner of Niceville.
Across Okaloosa County, 1,890 homes are active and 551 pending (23% under contract).
In ZIP 32578 (Niceville), 347 homes closed in the last 12 months at a median of $530K, down 4.2% year over year, with a median 43 days on market. Right now 66 active and 39 pending listings put supply at about 3.4 months — a healthy market. See the live ZIP 32578 housing market and the Okaloosa County market.
ZIP and county figures describe the wider market, not Water Oaks 2 T/H specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in WATER OAKS 2 T/H, Niceville
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.
Homes For Sale Right Now in Water Oaks 2 T/H
Live MLS inventory for Water Oaks 2 T/H. 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 Water Oaks 2 T/H listings as of 2026-10-01, 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.
Every Home for Sale in Water Oaks 2 T H Right Now (1)
All 1 active and pending Water Oaks 2 T H listings with a detail page, newest first, refreshed twice a day from the MLS.
- 204 Regatta Drive · $689,000 · 3 bd / 3 ba · listed Aug 17, 2026 · listed by Bayside Realty NWF
Schools
- Okaloosa County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Edge · Elementary
- Ruckel · Middle
- Niceville · High
Zoned schools reflect the assignments reported on recent Water Oaks 2 T/H 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 Water Oaks 2 T/H address.
Shop the zone: Homes zoned for Niceville High School
Recent Developments in Water Oaks 2 T H
Development, infrastructure, retail, and school activity affecting Water Oaks 2 T H, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- 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 7 miles southeast of Water Oaks 2 T H.
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 project is about 14 miles north of Water Oaks 2 T H, elsewhere in Okaloosa County.
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 project is about 9 miles north of Water Oaks 2 T H, elsewhere in Okaloosa County.
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.
The Water Oaks 2 T/H buying strategy.
If we were buying in Water Oaks 2 T/H 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 Water Oaks 2 T/H.
A townhome pocket with no current supply
The defining fact here is scarcity of listings. No units are on the market, and no community amenities surface from current MLS data, so the value case rests on the townhome product itself and on the Niceville location rather than on a shared amenity package. Buyers drawn to this community should evaluate each unit on its own condition and layout when one becomes available.
Because there is no active inventory, pricing will be condition-driven and set by whichever unit lists next. There is no reliable in-community spread to cite right now, which makes broader Niceville townhome comps and a careful walk-through the tools that matter most when a listing appears.
The location and the amenities are priced into every listing in Water Oaks 2 T/H. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community with no active listings, the advantage is being first and being informed. We set the alert, watch for the next unit, and pull the right Niceville comps the moment it lists so you can move on a fair number instead of guessing. If you own here and are weighing a sale, we help you read a market with no competing inventory and price it honestly.
Water Oaks 2 T/H 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 Water Oaks 2 T/H 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 Water Oaks 2 T/H sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Water Oaks 2 T/H, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Water Oaks 2 T/H home worth?
Get a no-obligation home value based on real comparable sales in Water Oaks 2 T/H, 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 Niceville →
Recently off market in WATER OAKS 2 T/H
Homes in WATER OAKS 2 T/H 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.
- 200 Regatta Drive #200 · off market
30% of homes for sale in ZIP 32578 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 (2026-10-01).
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
Is Water Oaks 2 T/H a buyer's or seller's market right now?
How many homes are in Water Oaks 2 T/H?
What share of Water Oaks 2 T/H is owner-occupied?
When were the homes in Water Oaks 2 T/H built?
Who is the best real estate agent for Water Oaks 2 T/H?
How do I find a top Niceville real estate agent who knows Water Oaks 2 T/H?
Can Momentum Realty connect me with an agent for Water Oaks 2 T/H?
Where is Water Oaks 2 T/H, and what county is it in?
Should you buy in Water Oaks 2 T/H?
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 (1 streets, ZIP 32578)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 1993 (21 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.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how WATER OAKS 2 T/H fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Water Oaks 2 T/H with Momentum Realty’s local guides.