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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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5020 Arena Rd , Crestview, FL 32536
$10,900,000
Est. Payment: $60,220.93/mo
19.75 Acres
Status: Active | Days on site: 45
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EDR3 - TEDR312,E1873
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Harrison Lilly Team, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Harrison Lilly Team
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House 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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Highlights

Listed by LaFlure & Vice , 850-685-3408 and Lisa R LaFlure , 850-685-3408 Scenic Sotheby's International Realty , 850-231-6052. Emerald Coast Multiple Listing Services

Property Type

Farm/Ranch
Lot/Acreage
19.75

County

Okaloosa

Area

25 - Crestview Area

 Neighborhood

Na

Listing ID

991549

Questions about this listing?

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Interior Features

Water:Well

Exterior Features

Lot:Level
Lot Dimensions:1530 x 1350 x 902 x 241
Zoning:Agriculture, Horses Allowed
Sewer:Septic Tank
Principal Interest
$60,221
Taxes
$6,949

Home Price

$10,900,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$2,180,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$60,220.93

Principal

Taxes

Principal Taxes HOA Total
Monthly $60,220.93 $6,948.75 $0.00 $67,169.68
Yearly $722,651.16 $83,385.00 $0.00 $806,036.16
Total $21,679,534.79 $2,501,550.00 $0.00 $24,181,084.79

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Crestview, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Emerald Coast Multiple Listing Services, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T13:04:46.000Z

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