Airport Property - Five Oaks Estates Previously known as Funny Farm Airport - Build 1 acre lots w plat approved. Can apply for higher density zoning. 260 acres with FAA registered 2700'' turf runway (FD03). 8-acre lake and two 1-acre ponds providing lots with runway and waterfront potential. Zoned one home per acre. City water, electric and cable available. Located 5 miles S/E of Bob Sykes airport (KCEW) and only 40 mins drive from beaches, 10 miles S/W from Eglin air force base with 7000 personnel arriving starting 2007. The Landing Strip is located on the 2nd 40 acre partial from the road & another 40 acre partial to the West. It is approximately 2700 feet long by 100 feet wide. Property is all high and dry. Access to Shoal River for water plane or boating. Small parcel to river comes with option for large parcel buyer.
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