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For sale
    • Price cut: $9.9K (6/22)
    $535,000

    4577 Castlewood Ln, Niceville, FL 32578

    4beds
    2,300sqft
    : 
    $3,345/mo
    Get pre-qualified
    Single Family Residence
    Built in 1997
    0.25 Acres Lot
    $535,100 Zestimate®
    $233/sqft
    $-- HOA

    What's special

    Corner gas fireplaceBright updated feelFresh neutral paintLarge deck with pergolaQuiet cul-de-sacSplit bedroom layoutSeparate dining room
    Welcome to this beautiful 4BR/3BA home tucked away on a quiet cul-de-sac in the gated community of Parkwood Estates. Inside, brand new LVP flooring and fresh neutral paint create a bright, updated feel from the moment you walk in. The split bedroom layout provides both privacy and functionality, while the spacious living areas are ideal for everyday living. The kitchen flows seamlessly into the main living area and features a bright breakfast nook overlooking the backyard. Master bedroom is conveniently located on the first floor, along with an additional bedroom and full bath. A separate dining room and spacious living area, highlighted by corner gas fireplace, offer an inviting space for gathering and entertaining. Upstairs features two additonal bedrooms, a full bath, and a versatile landing area, perfect for a home office, study nook, play area or cozy sitting space. Enjoy added privacy with reservation land bordering the side of the property. The spacious backyard is designed for outdoor enjoyment, featuring a large deck with pergola, string lighting, and a dedicated fire pit area, perfect for relaxing evenings or gathering with friends and family. Fresh new sod is currently being installed, and the rear fence is being replaced, creating an even more inviting outdoor space. There's also plenty of space to add a pool, garden, or expanded living area. Major updates include a new Roof 2026 and updated electrical panel 2026. Ideally located within walking distance to Bluewater Bay Elementary School and just around the corner from a neighborhood park, plus convenient to shopping, dining, Destin's beautiful beaches and local amenities. Enjoy the Bluewater Bay lifestyle with nearby golf, tennis, pickleball, walking trails, and a full-service marina. Convenient access to Eglin AFB, Duke Field, and Hurlbert Field. Experience the privacy, convenience, and lifestyle that make Parkwood Estates one of Niceville's most desirable gated communities.
    77 days
    |
    1,184
    |
    55
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Vicki M Alexander 850-217-0587,

    Berkshire Hathaway Home Services PenFed Realty

    Source: ECAOR,MLS#: 1000385MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Primary bedroom
      • Level: First
      • Area: 204 Square Feet
      • Dimensions: 17 x 12
      Bedroom
      • Level: First
      • Area: 143 Square Feet
      • Dimensions: 13 x 11
      Bedroom
      • Level: First
      • Area: 156 Square Feet
      • Dimensions: 13 x 12
      Bedroom
      • Level: Second
      • Area: 144 Square Feet
      • Dimensions: 12 x 12
      Breakfast room
      • Level: First
      • Area: 120 Square Feet
      • Dimensions: 12 x 10
      Dining room
      • Level: First
      • Area: 154 Square Feet
      • Dimensions: 14 x 11
      Garage
      • Level: First
      • Area: 400 Square Feet
      • Dimensions: 20 x 20
      Great room
      • Level: First
      • Area: 320 Square Feet
      • Dimensions: 20 x 16
      Kitchen
      • Level: First
      • Area: 168 Square Feet
      • Dimensions: 14 x 12
      Loft
      • Level: Second
      • Area: 130 Square Feet
      • Dimensions: 13 x 10
      Heating
      • Natural Gas
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Cooktop, Dishwasher, Disposal, Microwave, Gas Water Heater
      • Laundry: Washer/Dryer Hookup
      Features
      • Vaulted Ceiling(s), Kitchen Island, Newly Painted, Split Bedroom
      • Flooring: Tile, Vinyl
      • Windows: Double Pane Windows
      • Has fireplace: Yes
      • Fireplace features: Gas
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 2,300
      • Total interior livable area: 2,300 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage Door Opener
      • Attached garage spaces: 2
      Features
      • Stories: 2
      • Patio & porch: Deck
      • Exterior features: Private Yard, Lawn Pump, Sprinkler System
      • Fencing: Privacy
      Lot
      • Size: 0.25 Acres
      • Dimensions: 27 x 170 x 130 x 111
      • Features: Covenants, Cul-De-Sac, Interior Lot, Level, Wooded
      Details
      • Parcel number: 141S22501300000150
      • Zoning description: Resid Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Frame, Brick, Vinyl Siding
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Construction Complete
      • New construction: No
      • Year built: 1997

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Features: Beach, Boat Launch, Dock, Fishing, Gated, Golf, Marina, Picnic Area, Playground, Pool, Tennis Court(s)
      • Subdivision: PARKWOOD ESTATES PH 7
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds, Management
      Location
      • Region: Niceville

      Financial & listing details

      • Price per square foot: $233/sqft
      • Tax assessed value: $458,705
      • Annual tax amount: $5,493
      • Date on market: 5/22/2026
      • Road surface type: Paved

        Estimated market value

        $535,100

        $508,000 - $562,000

        $3,157/mo

        Price history

        DateEventPrice
        6/22/2026Price change$535,000-1.8%$233/sqft
        Source: ECAOR #1000385 Report a problem
        5/31/2026Price change$544,900-1.8%$237/sqft
        Source: ECAOR #1000385 Report a problem
        5/22/2026Listed for sale$554,900$241/sqft
        Source: ECAOR #1000385 Report a problem
        5/13/2026Listing removed$554,900$241/sqft
        Source: ECAOR #1000385 Report a problem
        5/1/2026Pending sale$554,900$241/sqft
        Source: ECAOR #1000385 Report a problem
        4/28/2026Listed for sale$554,900+114.7%$241/sqft
        Source: ECAOR #1000385 Report a problem
        2/25/2021Listing removed--
        Source: Owner Report a problem
        11/6/2020Listing removed$2,400$1/sqft
        Source: Owner Report a problem
        10/6/2020Listed for rent$2,400-4%$1/sqft
        Source: Owner Report a problem
        8/15/2020Listing removed$2,500$1/sqft
        Source: Owner Report a problem
        7/15/2020Listed for rent$2,500$1/sqft
        Source: Owner Report a problem
        7/24/2003Sold$258,500$112/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,493 +4.4%$458,705 +4.6%
        2024$5,260 +4.1%$438,404 -0.2%
        2023$5,055 +7.1%$439,447 +6.2%
        2022$4,721 +13.5%$413,957 +25.6%
        2021$4,159 +6%$329,499 +7.5%
        2020$3,926 +5%$306,621 +6.4%
        2019$3,739 +4.1%$288,113 +5.3%
        2018$3,594 $273,535 +4.3%
        2017$3,594 +2.5%$262,213 +2.6%
        2016$3,505 +3.3%$255,507 +2.7%
        2015$3,394 -0.1%$248,833 +6.8%
        2014$3,397 $233,091 +4%
        2013-- $224,039 +3.1%
        2012-- $217,253 -5.2%
        2011-- $229,185 -3%
        2010-- $236,213 -8.2%
        2009-- $257,402 -6.3%
        2008-- $274,727 -15.6%
        2007-- $325,671 -0.3%
        2006-- $326,684 +73%
        2005-- $188,802 +3%
        2004-- $183,303 +21.3%
        2003-- $151,077 +2.4%
        2002-- $147,536 +1.6%
        2001-- $145,213
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 32578

        Getting around

        41 / 100
        Car-Dependent
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Bluewater
        • High: Niceville

        Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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