For sale

$10,900,000

Est. $64,471/mo

Land

•

19.75

acres (lot)

5020 Arena Rd, Crestview, FL 32536

About this home

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.

Vacant landProperty Type

19.75 acresLot Size

$551,899Price/Acres

Listed by LaFlure & LaFlure & Vice • Scenic Sotheby's International Realty

Listed by Lisa LaFlure • Scenic Sotheby's International Realty

Listing updated: Jan 28, 2026 at 10:02am

Redfin checked: a minute ago

•Source:ECAR #991549

Payment calculator

$64,471 per month

Principal and interest$60,227

Property taxes

$156

HOA dues

Home insurance

$4,088

Utilities

Add

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Around this home

Schools

K - 12
Preschool & daycare

Northwood Elementary School

Public PreK-5 • Assigned • 3.1mi

6/10

Shoal River Middle School

Public 6-8 • Assigned • 3.7mi

8/10

Crestview High School

Public 9-12 • Assigned • 4.6mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Property details

Exterior

Exterior features
Level terrain
County road frontage and access
Agricultural zoning that allows horses
Barn for horses
Stable
Corral

Home design
Property listed as agricultural/horses allowed

Construction
Approximately 19.75 acres
Lot dimensions approximately 1530 x 1350 x 902 x 241

Utilities
Electric service
Private well
Septic tank

Sale and tax history for 5020 Arena Rd

Sale History
Tax History

Public record

Public record
Zoning

Beds

—

Baths

Stories

Lot width

—

Lot depth

—

Lot size

14.85 Acres

Year renovated

1999

Finished Sq. Ft.

4,788

Unfinished Sq. Ft.

—

Total Sq. Ft.

4,788

Year built

1999

Style

Vacant Land

County

Okaloosa County

APN

253N24000000020000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 12, 2026.

Agriculture District

The purpose of the agriculture AA district is to provide areas for production of plants and animals useful to humans, including to a variable extent the preparation of plant and animal products for human use by sale or otherwise and includes aquaculture, horticulture, floriculture, viticulture, silviculture, dairy, livestock, poultry, bees, and any and all forms of farm products and farm production. This district is also suitable for preservation of green spaces, conservation uses, outdoor recreation uses, very low-density residential uses, and public/institutional uses.

Permitted uses

Include but are not limited to:

Agriculture
Equestrian facility
Greenhouse / nursery
Winery & vineyard
Religious facility
Housing-Single unit
Infrastructure
Educational/school
Recreation
Park & open space

Historical weather

Crestview, FL • 32536

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

97/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 16% for direct sun exposure in Crestview. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.2 hrs

6.9 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 5020 Arena Rd

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