Description
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...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 Lisa R LaFlure • Brokerage DRE #2027627 • Scenic Sotheby's International RealtyP: (850)-685-3408 C: (850)-685-3408 lisa.laflure@scenicsir.com
Property Details for 5020 Arena Road
Property Details for 5020 Arena Road
| Status | Active |
|---|---|
| MLS # | 991549 |
| Days on Market | 6 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Land |
| MLS Type | Land / Agricultural |
| Year Built | - |
| Lot Size | 19.75 AC |
| County | Okaloosa County |
Location
Building Information for 5020 Arena Road
Payment Calculator
$54,017 per month
30 year fixed, 6.28% Interest
$53,861
$156
$0
Property Information for 5020 Arena Road
- 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.
- Road Frontage Type: County Road
- MLS Area Minor: 2502 - Crestview Southwest
- MLS Area Major: 25 - Crestview Area
- Latitude: 30.732913
- Longitude: -86.60075
- Location Tax and Legal:Sub Area: 2502 - Crestview Southwest
- Location Tax and Legal:Elementary School: Northwood
- Location Tax and Legal:Middle School: Shoal River
- Location Tax and Legal:High School: Crestview
- Location Tax and Legal:Legal Description: NE1/4 EXC PART SOLD
- Tax Legal Description: NE1/4 EXC PART SOLD
- Parcel Number: 25-3N-24-0000-0002-0000
- Association Fee: $0
- Elementary School: Northwood
- Middle Or Junior School: Shoal River
- High School: Crestview
- Lot Size Dimensions: 1530 x 1350 x 902 x 241
- Lot Size Acres: 19.75
- Lot Size Area: 19.75
- Lot Size Units: Acres
- Other Structures: Corral, Stable
- Lot Features: Level
- Lot Size Square Feet: 860310.0
- General Property Info:Acreage: 19.75
- Lot Features: Level
- Lot Access: County Road2
- Floor Plans Count: 0.0
- Property Type: Land
- Property Sub Type: Agricultural
- General Property Info:Sub-Type: Agricultural
- Farm Info: Barn - Horse, Corral, Stable2
- Sewer: Septic Tank
- Utilities: Electric
- Water Source: Well
- Electric: True
- Utilities: Electric, Private Well, Septic Tank
- Bathrooms Total Integer: 0.0
- Bathrooms Total Decimal: 0.0
- Bathrooms Total Notational: 0.0
- Listing Info Tax Legal:Is Subject Leased: No
Property History for 5020 Arena Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 19, 2025 | Listed (Active) ECAR #991549 | $10,900,000 | — |
| Mar 31, 2017 | Sold (Public Record) Public Record #596339525 | $183,400 | — |
| Mar 31, 2017 | Sold (Public Record) Public Record #593903219 | $250,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/19/2025 | Listed (Active) ECAR #991549 | $10,900,000 |
| 03/31/2017 | Sold (Public Record) Public Record #596339525 | $183,400 |
| 03/31/2017 | Sold (Public Record) Public Record #593903219 | $250,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5020 Arena Road
Schools near 5020 Arena Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Northwood Elementary School PublicPK to 5 | ||
Shoal River Middle School Public6 to 8 | ||
Crestview High School Public9 to 12 | ||
Okaloosa Virtual Instruction (Course Offerings) Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Scenic Sotheby's International Realty
The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2025 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.