$15,225,000
Crestview, FL 32539
MLS# 1012351
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Property Description
Attention developers, builders, and investors!! Located in the heart of one of Northwest Florida's most promising growth corridors, this exceptional development tract offers a rare opportunity to invest in the region's future. Located about 2 miles west of the Shoal River Ranch Gigasite, the property sits near the future Williams International aviation gas turbine engine manufacturing campus, a multi-billion-dollar investment expected to drive substantial job creation, population growth, and economic activity for decades to come. With its size, location and development potential, the property is well-suited for a master-planned residential community, mixed-use development or other large-scale investment opportunities. As the surrounding area continues to attract new employers, residents and infrastructure improvements, demand for housing and supporting commercial services is expected to increase significantly. The tract offers a unique combination of accessibility, natural features and long-term growth potential. Portions of the property are enhanced by river frontage and natural green space, creating opportunities for thoughtfully designed communities that incorporate recreational amenities and conservation areas.
Details
Contract Info
Listing Board: Emerald Coast
List Price/Acre: 23789.06
List Date: 2024-10-07
List Price: $15,225,000
Location, Tax and Legal
Sub Area: 2505 - Crestview Northeast
Elementary School: Walker
Middle School: Shoal River
High School: Crestview
Legal Description: ALL OF SEC EXC PART SOLD
General Property Info
Sub-Type: Agricultural
Acreage: 640
Mineral Rights: Yes
Listing Info, Tax & Legal
Is Subject Leased: No
Assessment Fees: No
Assessment Paid: Annually
New Buyer Fee: No
Last Taxes: 9858.9
Last Tax Year: 2025
Brokerage Interest: Familial Interest - Listing Broker/Licensee related to owner.
As Is: Yes
Remarks & Misc
Remarks: Attention developers, builders, and investors!! Located in the heart of one of Northwest Florida's most promising growth corridors, this exceptional development tract offers a rare opportunity to invest in the region's future. Located about 2 miles west of the Shoal River Ranch Gigasite, the property sits near the future Williams International aviation gas turbine engine manufacturing campus, a multi-billion-dollar investment expected to drive substantial job creation, population growth, and economic activity for decades to come.
With its size, location and development potential, the property is well-suited for a master-planned residential community, mixed-use development or other large-scale investment opportunities. As the surrounding area continues to attract new employers, residents and infrastructure improvements, demand for housing and supporting commercial services is expected to increase significantly.
The tract offers a unique combination of accessibility, natural features and long-term growth potential. Portions of the property are enhanced by river frontage and natural green space, creating opportunities for thoughtfully designed communities that incorporate recreational amenities and conservation areas.
Lot Access
County Road: 1
Paved Road: 1
State Highway: 1
Utilities
Electric: 1
Sewer Available: 1
Zoning
Agriculture: 1
None
Current Price: $15,225,000
Status Change Info
Status: Active
Location Tax and Legal
Street #: TBD
Street Direction: E
Street Name: Highway 90
Area: 25 - Crestview Area
State: FL
Zip Code: 32539
County: Okaloosa
Project Name/Subdivision: Shoal River East
Parcel ID: 13-3N-23-0000-0001-0000
Property Features
Lot Access: County Road; Paved Road; State Highway
Zoning: Agriculture
Utilities: Electric; Sewer Available
Listing Office: Coconut Palm Real Estate LLC
Last Updated: October - 01 - 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.
