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5020 Arena Road

Crestview, FL 32536
  • $10,900,000
  • STATUS: Active
  • ON SITE: 115 Days
  • MLS #: 991549
UPDATED: 105 min ago
$10,900,000
  • 0
    BEDS
  • 19.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Na
Type:
Farm
County:

School Information

Elementary School:
Middle School:
High School:

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.

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© 2026 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Coastal Connection at eXp Realty. Vendor Member number: 28178. Data last updated: 2026-04-14T00:00:41.453.
Vendor Member #28178.
www.thecoastalconnectionpropertysearch.com/homes/171507597
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5020 Arena Road Crestview, FL 32536

  • Price: $10,900,000
  • Status: Active
  • On Site: 115 Days
  • Updated: 105 min ago
  • MLS #: 991549
0
Beds
0
Baths
0
½ Baths
19.75
Acres
Neighborhood:
Na
County:
Okaloosa
Area:
Crestview Area
Elementary School:
Northwood
Middle School:
Shoal River
High School:
Crestview
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.
Exterior Features

Construction Materials [] Lot Features Level Lot Size Dimensions 1530 x 1350 x 902 x 241 Road Frontage Type County Road Road Surface Type [] View [] Waterfront Features []

Property Features

Association Fee Includes [] Buyer Financing [] Community Features [] Property Sub Type Agricultural Special Listing Conditions [] Utilities Electric Zoning AgricultureHorses Allowed

Listing courtesy of Scenic Sotheby's International Realty: 850-231-6052.


© 2026 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Coastal Connection at eXp Realty. Vendor Member number: 28178. Data last updated: 2026-04-14T00:00:41.453.
Vendor Member #28178.
 
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