Prime 19.75-Acre Development OpportunityStrategically positioned just off the upcoming FDOT interchange connecting I-10, Hwy 85, Antioch Rd., and PJ Adams, this high-and-dry parcel offers exceptional commercial or mixed-use potential. The corridor is now four-laned from Hwy 90 to I-10, unlocking major traffic flow and long-term growth.Currently operated as a horse facility, the land is mostly cleared, flat, and ready for redevelopment. Located near the new hospital site, this property sits in the heart of a rapidly expanding medical and commercial hub--ideal for retail, medical, hospitality, residential development, or a large-scale commercial venture. A rare chance to secure nearly 20 acres in a booming growth path.
Lot/land
$10,900,000
5020 Arena Rd, Crestview, FL 32536
--beds
--baths
19.75Acres
Agriculture
Built in ----
19.75 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
High-and-dry parcel
- 9 days |
- 216 |
- 6 |
Zillow last checked: 8 hours ago
Listing updated: December 19, 2025 at 05:06am
Listed by:
Lisa R LaFlure 850-685-3408,
Scenic Sotheby's International Realty
Source: ECAOR,MLS#: 991549
Originating MLS: Emerald Coast
Facts & features
Property
Lot
- Size: 19.75 Acres
- Dimensions: 1530 x 1350 x 902 x 241
- Features: Level
Details
- Additional structures: Corral(s), Stable
- Parcel number: 253N24000000020000
- Zoning description: Agriculture,Horses Allowed
- Horses can be raised: Yes
- Horse amenities: Horses Allowed, Barn
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Na
Location
- Region: Crestview
Financial & listing details
- Tax assessed value: $198,169
- Annual tax amount: $1,685
- Date on market: 12/19/2025
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$2,175/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/19/2025 | Listed for sale | $10,900,000+4260% |
Source: | ||
| 4/12/2017 | Sold | $250,000 |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,685 +0.2% | $146,102 -0.3% |
| 2023 | $1,682 +2% | $146,497 +2.9% |
| 2022 | $1,649 +4.1% | $142,343 +8.3% |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 32536
Nearby schools
GreatSchools rating
- 6/10Northwood Elementary SchoolGrades: PK-5Distance: 3.1 mi
- 8/10Shoal River Middle SchoolGrades: 6-8Distance: 3.7 mi
- 4/10Crestview High SchoolGrades: 9-12Distance: 4.6 mi
Schools provided by the listing agent
- Elementary: Northwood
- Middle: Shoal River
- High: Crestview
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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