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


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



5020 Arena Road, Crestview, FL 32536
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5020 Arena Road, Crestview, FL 32536 5020 Arena Road, Crestview, FL 32536 5020 Arena Road, Crestview, FL 32536 5020 Arena Road, Crestview, FL 32536 5020 Arena Road, Crestview, FL 32536 5020 Arena Road, Crestview, FL 32536 5020 Arena Road, Crestview, FL 32536 5020 Arena Road, Crestview, FL 32536

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
Maps
Documents
None
Current Price: $10,900,000
Status Change Info
Status: Active
Contract Info
List Date: 2025-12-19
List Price: $10,900,000
Listing Board: Emerald Coast
List Price/Acre: 551898.73
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
General Property Info
Sub-Type: Agricultural
Acreage: 19.75
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.