Parkwood Cove Homes, Bluewater Bay, FL

Homes in Parkwood Cove offer easy access to both Highway 20 and the Mid-Bay Bridge Connector, Niceville conveniences and Destin and area shops, restaurants, and beaches are just a short drive. The closest park is Fred Gannon Rocky Bayou State Recreation area.

Basically, Parkwood is divided into two sections - upper and lower. Parkwood Estates which is above Range Road features upscale, larger homes. The neighborhoods between Range Road and John Sims have smaller, single family homes on smaller lots. These are perfect starters or empty nesters. In addition to Parkwood Cove, these areas include: Parkwood Court, Parkwood Place, Parkwood Lane and Parkwood Square.

View homes for sale in Parkwood Cove below, or browse other neighborhoods in Bluewater Bay.

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Search Parkwood Cove Real Estate for Sale - Market Stats

Parkwood Cove sales data is provided by the Emerald Coast Association of Realtors and reflects 12 months of sales data.

  # Listings Avg. DOM Avg. Price Highest Price Lowest Price Avg. Price/SqFt Highest Price/SqFt Lowest Price/SqFt
Active 1 288 $341,900 $341,900 $341,900 $268 $268 $268
Sold (Last Year) 3 291 $397,667 $460,000 $333,000 $256 $295 $234

Last Year Sales By Month

Highest Sales by Month

May 2025 - 137 Parkwood Drive, Niceville, FL
Sold
137 Parkwood Drive, Niceville
Welcome to the Beautifully Renovated 137 Parkwood Dr. No wall was left untouched, from floor to ceiling with nothing but the finest upgrades. This 3 bed 2 bath home is located in the peaceful Parkwood neighborhood of Bluewater Bay. The prime location...

Detached Single Family

3 Beds
2 Baths
1,358 SqFt
View Details
Jul 2025 - 135 Parkwood Drive, Niceville, FL
Sold
135 Parkwood Drive, Niceville
With an acceptable offer, the seller is providing a $7,500 credit--- yours to use however you choose! Welcome to this charming 3-bedroom 2-bath home nestled in the highly sought- after Bluewater Bay community! This well-designed home features a...

Detached Single Family

3 Beds
2 Baths
1,388 SqFt
View Details
Jan 2026 - 1505 Abaco Cove, Niceville, FL
Sold
1505 Abaco Cove, Niceville
Family-Friendly Gem Just Steps from Bluewater Bay Elementary! Welcome to your new home in the heart of the highly desirable Parkwood Cove neighborhood in Bluewater Bay—perfectly located! Less than a five-minute walk to the top-rated Bluewater Bay...

Detached Single Family

4 Beds
2 Baths
1,964 SqFt
View Details

Bluewater Bay Neighborhoods

Parkwood Cove Real Estate Stats

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Parkwood Cove is just one of the exceptional neighborhoods in Bluewater Bay. Just (850) 325-0004 or email for more information about real estate in these Niceville communities.

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