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
- 166 days |
- 334 |
- 2 |
Zillow last checked:
Listing updated:
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
| 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
| 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$1,822
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Okaloosa County
- Crestview
- 32536
- 5020 Arena Rd
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