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5020 Arena Rd, Crestview, FL 32536

  • $10,900,000

    •

  • —

    bed

  • —

    bath

  • 19.75

    Acre ($551K/Acre)

Lot/Land for sale 184 days
29 homes bought nearby with Movoto recently

About 5020 Arena Rd

Property type Lot/Land
HOA fee $0/month
Lot size 19.75 Acre
Movoto estimate
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.
Listed by
Listing Agent - LaFlure Vice
Listing Office - Scenic Sotheby's International Realty
Source: Emerald Coast MLS mls logo
MLS#991549 • last updated 4 months ago
Movoto checked Emerald Coast MLS for data 7 minutes ago
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Overview
MLS # 991549
Status Active
SubType Agricultural
Lot Size (SqFt) 860310
Lot Size (Acres) 19.75
Interior
Exterior
Lot Features Level
Amenities / Utilities
Water Source Well
Location
Subdivision NA
Elementary School Northwood
Middle School Shoal River
High School Crestview
APN 25-3N-24-0000-0002-0000
Zoning Agriculture, Horses Allowed
Directions Starting On SR-85 North Toward Crestview, Turn Left Onto PJ Adams Pkwy. In 3 Miles, Turn Right Onto Arena Rd. Continue On For 1.2 Miles Then Turn Left And The Destination Will Be On Your Right In 500ft.
Lot/ Land Details
Road Frontage County Road
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7/10
Northwood Elementary School
public Grades PK, K-5
Okaloosa County School District
7/10
Shoal River Middle School
public Grades 6-8
Okaloosa County School District
5/10
Crestview High School
public Grades 9-12
Okaloosa County School District
Source: GreatSchools.org © 2026. All rights reserved.

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