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5020 Arena Road

Crestview, FL 32536
  • $10,900,000
  • STATUS: Active
  • ON SITE: 241 Days
  • MLS #: 991549
$10,900,000
  • 0
    BEDS
  • 19.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Na
Type:
Vacant Land / Lots
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 Ryan Group | Christie's International Real Estate Emerald Coast. Vendor Member number: 28178. Data last updated: 2026-08-18T00:00:53.893.
Vendor Member #28178.
www.30agulfcoasthomes.com/homes/171507597
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5020 Arena Road Crestview, FL 32536

  • Price: $10,900,000
  • Status: Active
  • On Site: 241 Days
  • 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 [] Foundation Details [] Roof [] View []

Property Features

Association Fee Includes [] Buyer Financing [] Community Features [] Farm Info Barn - HorseCorralStable Fencing [] Is Subject Leased No Lot Access County Road Lot Features Level Lot Size Dimensions 1530 x 1350 x 902 x 241 Other Equipment [] Other Structures [] Property Sub Type Agriculture Road Frontage Type County Road Road Surface Type [] Special Listing Conditions [] Utilities Septic Tank Utility Info ElectricPrivate WellSeptic Tank Water Source [] Waterfront Features [] Zoning AgricultureHorses Allowed Zoning Info 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 Ryan Group | Christie's International Real Estate Emerald Coast. Vendor Member number: 28178. Data last updated: 2026-08-18T00:00:53.893.
Vendor Member #28178.
 
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The Ryan Group | Christie's International Real Estate Emerald Coast
4923A E. Co. Hwy. 30A
Santa Rosa Beach FL, 32459