5020 Arena Road, Crestview, FL 32536 (MLS# 991549)


$10,900,000
5020 Arena Road
Crestview, FL 32536
MLS# 991549



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Property Description
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.

Details
Documents
Contract Info
Listing Board: Emerald Coast
List Price/Acre: 551898.73
List Date: 2025-12-19
List Price: $10,900,000
Location, Tax and Legal
Sub Area: 2502 - Crestview Southwest
Elementary School: Northwood
Middle School: Shoal River
High School: Crestview
Legal Description: NE1/4 EXC PART SOLD
General Property Info
Sub-Type: Agricultural
Acreage: 19.75
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: No
New Buyer Fee: No
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: 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.
Farm Info
Barn - Horse: 1
Corral: 1
Stable: 1
Lot Features
Level: 1
Lot Access
County Road: 1
Utilities
Electric: 1
Private Well: 1
Septic Tank: 1
Zoning
Agriculture: 1
Horses Allowed: 1
None
Current Price: $10,900,000
Status Change Info
Status: Active
Location Tax and Legal
Street #: 5020
Street Name: Arena
Street Suffix: Road
Area: 25 - Crestview Area
State: FL
Zip Code: 32536
County: Okaloosa
Project Name/Subdivision: NA
Parcel ID: 25-3N-24-0000-0002-0000
Property Features
Farm Info: Barn - Horse; Corral; Stable
Lot Access: County Road
Lot Features: Level
Zoning: Agriculture; Horses Allowed
Utilities: Electric; Private Well; Septic Tank

Listing Office: Scenic Sotheby's International Realty

Last Updated: January - 28 - 2026

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.