5020 Arena Rd Crestview, FL 32536
Estimated payment $57,419/month
Highlights
- 19.75 Acre Lot
- Agricultural
- Level Lot
About This Lot
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.
Listing Agent
Scenic Sotheby's International Realty License #3025070 Listed on: 12/19/2025
Property Details
Property Type
- Land
Lot Details
- 19.75 Acre Lot
- Lot Dimensions are 1530 x 1350 x 902 x 241
- Property fronts a county road
- Level Lot
- Property is zoned Agriculture, Horses Allowed
Schools
- Northwood Elementary School
- Shoal River Middle School
- Crestview High School
Farming
- Agricultural
Utilities
- Well
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 25-3N-24-0000-0002-0000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,682 | $146,102 | -- | -- |
| 2023 | $1,682 | $146,497 | $0 | $0 |
| 2022 | $1,649 | $142,343 | $0 | $0 |
| 2021 | $1,584 | $131,455 | $0 | $0 |
| 2020 | $2,078 | $179,423 | $51,975 | $127,448 |
| 2019 | $2,248 | $192,887 | $72,862 | $120,025 |
| 2018 | $2,198 | $185,253 | $0 | $0 |
| 2017 | $1,691 | $134,197 | $20,260 | $113,937 |
| 2016 | $2,643 | $224,329 | $109,240 | $115,089 |
| 2015 | $2,716 | $223,343 | $109,077 | $114,266 |
| 2014 | $2,821 | $230,099 | $114,703 | $115,396 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/19/2025 12/19/25 | For Sale | $10,900,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | Michel Cassandra | |
| Warranty Deed | $183,400 | The Main Street Land Title C | |
| Warranty Deed | $250,000 | The Main Steet Lans Title Co | |
| Interfamily Deed Transfer | -- | Lighthouse Land Title Co | |
| Interfamily Deed Transfer | -- | Lighthouse Land Title Co |
Source: Emerald Coast Association of REALTORS®
MLS Number: 991549
APN: 25-3N-24-0000-0002-0000
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