4564 Knollwood Lane, Niceville

$539,900

4 Beds
2 Baths
2,042 Sqft
.33 Acre
2 Garages

Tucked away at the end of a quiet cul-de-sac in the gated community of Parkwood Estates, this beautifully refreshed home blends privacy, space, and thoughtful modern updates. Situated on one of the largest and most desirable lots in the neighborhood, the property backs to mature trees and is adjacent to Eglin Reservation, creating a peaceful, natural backdrop rarely found in Bluewater Bay. Inside, the home has been thoughtfully refreshed with a bright, clean, modern aesthetic. New vinyl plank flooring flows throughout, complemented by freshly painted interiors and ceilings, new updated baseboards, modernized electrical outlets and switch plates, and all-new window screens. The kitchen features professionally refinished cabinetry, stainless steel appliances, gas stove, bright breakfast nook with built-in desk and new French doors leading to the backyard, filling the space with natural light and offering an updated, energy-efficient design. Both bathrooms have been beautifully renovated. The spacious Master features 2 closets and offers a new vanity, new fixtures, and new shower with glass door. The secondary bath offers a new vanity, new tub, and updated fixtures for a cohesive move-in-ready feel. Designed for comfortable living, the home includes 4 generously sized bedrooms including a 17x15 Master bedroom, two full baths, a spacious great room with gas-log fireplace, vaulted ceilings, a separate dining room, and an oversized utility room with cabinetry and workspace. For added peace of mind, major systems have been addressed: Roof (2020), Water Heater (2019), and brand new HVAC (2025). Step outside to a tranquil patio and fenced backyard where mature trees frame the setting, creating privacy and a true sense of retreat. Walking distance to Bluewater Bay Elementary School, this home is ideally located within the gated community of Parkwood Estates. Enjoy convenient access to Eglin AFB, Duke Field, and Hurlbert Field, with Destin's beautiful beaches, dining, and shopping just a short drive away. This is an exceptional opportunity in one of Niceville's most desirable gated communities.

Essential Information
MLS® #997175
Price$539,900
Sold Price$534,000
Date Sold$2026-04-23
Bedrooms4
Bathrooms2.00
Full Baths2
Square Footage2,042
Acres0.33
Year Built1994
TypeResidential
Sub-TypeDetached Single Family
StyleContemporary
StatusSold
Community Information
Address4564 Knollwood Lane
Area13 - Niceville
SubdivisionPARKWOOD ESTATES PH 5
CityNiceville
CountyOkaloosa
StateFL
Zip Code32578
Amenities
ParkingGarage Door Opener
# of Garages2
Utilities

Electric, Gas - Natural, Phone, Public Sewer, Public Water, TV Cable

Interior
HeatingNatural Gas, Gas - Natural
CoolingCentral Air, Ceiling Fan(s)
FireplaceYes
FireplacesFireplace Gas
# of Stories1
Interior Features

Cathedral Ceiling(s), Tray Ceiling(s), Recessed Lighting, Newly Painted, Shelving, Wallpaper, Washer/Dryer Hookup

Appliances

Dishwasher, Disposal, Dryer, Range Hood, Washer, Gas Water Heater

Exterior
Exterior FeaturesSprinkler System
RoofComposite Shngl
ConstructionFrame, Brick
FoundationSlab
Lot Description

Covenants, Cul-De-Sac, Dead End, Interior Lot, Level, Restrictions, Survey Available, Wooded

Windows

Double Pane Windows, Window Treatments

School Information
ElementaryBluewater
MiddleRuckel
HighNiceville
Additional Information
Days on Website235
ZoningResid Single Family
Office

Berkshire Hathaway Home Services PenFed Realty

Property History
Price Reduced from $559,900 to $539,900
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Listing information last updated on October 27th, 2026 at 5:22pm CDT.