Prime 19.75-Acre Development Opportunity
Strategically 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
0baths
19.75Acres
Agriculture
Built in ----
19.75 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
High-and-dry parcel
- 108 days |
- 321 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: January 28, 2026 at 08:02am
Listed by:
LaFlure & Vice 850-685-3408,
Scenic Sotheby's International Realty,
Lisa R LaFlure 850-685-3408,
Scenic Sotheby's International Realty
Source: ECAOR,MLS#: 991549
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Lot
- Size: 19.75 Acres
- Dimensions: 1530 x 1350 x 902 x 241
- Features: Level
Details
- Parcel number: 253N24000000020000
- Zoning description: Agriculture, Horses Allowed
Utilities & green energy
- Sewer: Septic Tank
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
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:  ECAOR #991549 Report a problem | ||
| 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% |
| 2021 | $1,584 -23.8% | $131,455 -26.7% |
| 2020 | $2,078 -7.6% | $179,423 -7% |
| 2019 | $2,248 +2.3% | $192,887 +4.1% |
| 2018 | $2,198 | $185,253 +38% |
| 2017 | $2,198 +30% | $134,197 -40.2% |
| 2016 | $1,691 -36% | $224,329 +0.4% |
| 2015 | $2,643 -2.7% | $223,343 -2.9% |
| 2014 | $2,716 | $230,099 -1.6% |
| 2013 | -- | $233,854 -4.9% |
| 2012 | -- | $245,956 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
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.
See how much you could borrow to make a competitive offer.
Climate risks
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.
Local experts in 32536
- Florida
- Okaloosa County
- Crestview
- 32536
- 5020 Arena Rd
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Nearby zip codes
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