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Harrison Lilly

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

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940 S Cedar Ave , Niceville, FL 32578
$495,000
Est. Payment: $2,510.55/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 239
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

Discover a rare offering in one of Niceville's most established and desirable residential corridors. This strategically located 2.94-acre vacant parcel sits along S. Cedar Avenue--just two blocks from Choctawhatchee Bay--and is perfectly positioned for a boutique residential development or a collection of private homes. Originally platted for 15 individual lots, the property now lends itself exceptionally well to a 4- or 5-lot configuration along Kailyn Court, offering generous homesite sizes, mature trees, and the charm of an established neighborhood setting. Utilities and public services are nearby, and the surrounding area features a blend of well-maintained single-family homes, quiet streets, and walkable access to the best of Old Niceville. All information is believed to be accurate but is not guaranteed. Prospective buyers are responsible for independently verifying all information and determining the property's suitability for their intended use. All final terms are subject to negotiation and shall be set forth in a fully executed sales agreement between the parties. Unmatched Proximity & Lifestyle Amenities: Top-Tier Schools: All primary and middle schools are within minutes, and Niceville High School is only a 3-minute drive, making this a perfect location for families seeking placement in one of Florida's most sought-after public school systems. Military Convenience: Just 15 minutes to Eglin Air Force Base, providing a prime location for military families and investors looking to tap into strong and stable housing demand. Outdoor Recreation: Stroll to the bayfront in under 5 minutes, launch a kayak or paddleboard, or enjoy the nearby parks and waterfront green spaces that define Niceville's relaxed coastal lifestyle. Central Access: Minutes to Niceville's commercial districts, medical offices, shopping, restaurants, local cafés, and the expanding Niceville-Valparaiso cultural and civic amenities. Regional Attractions: A short drive places you at Destin's white-sand beaches, the Emerald Coast's dining and retail hubs, and the region's renowned boating, fishing, and adventure destinations. Ideal for: small-scale developers, custom home builders, or end-users seeking an infill opportunity with substantial upside in a high-demand, low-inventory market.

Highlights

Listed by Jim Ball , 850-685-2925 Century 21 AllPoints Realty , 850-837-7800. Emerald Coast Multiple Listing Services

Property Type

Vacant Land

Lot/Acreage
2.94

County

Okaloosa

Area

13 - Niceville

Neighborhood

Valparaiso Pinecrest 5

Listing ID

990375

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Corner,Curb & Gutter,Easements,Low,Wetlands,Wooded
Lot Dimensions:330x390
Zoning:City, Resid Single Family
Sewer:Public Sewer
Principal Interest
$2,511
Taxes
$88

Home Price

$495,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$99,000
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:
$2,510.55

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,510.55 $88.48 $0.00 $2,599.03
Yearly $30,126.56 $1,061.78 $0.00 $31,188.34
Total $903,796.78 $31,853.40 $0.00 $935,650.18

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Niceville, 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: 2026-08-20T07:16:22.000Z

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