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Arbor Lake Townhome Development Opportunity
For Sale
$1,355,000

000 N Pearl St, Crestview, FL 32536

8.58 acres with engineering, infrastructure, and lake views.

Property SizeContact for details
Lot Size8.58 Acres
Days on Market329

Property Features for 000 N Pearl St

General Information

Standard status Active
Lot size 8.58 Acres
Property subtype Commercial
Listing Agency: NBI Properties Inc
Listed By: Dennis Fortenberry · License #627640
Source: Emeraldcoasthomefinder
Added: Nov 20, 2025 Changed: Oct 1 Last Checked: Oct 14 at 11:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NBI Properties Inc

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Investment Insights

Based on property information with market context.

Phase II of Arbor Lake presents an opportunity for development, featuring 74 formerly entitled townhome units. The 8.58-acre site offers panoramic views of Arbor Lake from a multi-tiered topography. The development includes all engineering work and a lift station for both phases of development under City management. The property features a lake and 50% of the underground infrastructure for the 74 planned units. Horizontal improvements are 100% complete, including underground infrastructure such as sewer, water, stormwater drainage, roads, curbs, a pool and pool house, street lights, and the entrance sign for the Arbor Lake Subdivision.

Key Highlights

  • Approved for 74 townhome units with single‑car garages.
  • Situated on 8.58 acres with panoramic views of Arbor Lake.
  • Features a multi‑tiered topography.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Parking Lot & Garage Bakery Grocery & Convenience Store Carpet & Flooring Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,299
Businesses Nearby

Demographics for 32536, FL

25,807
Population
9,379
Households
2.8
Avg Household Size
34
Median Age
27%
College-Educated
93%
High-School Grad
42.5 sq mi
ZIP Area
607
Density / Sq Mi
$82,643
Median Household Income
$40,845
Median Earnings
$1,351
Median Rent
$280,300
Median Home Value

Frequently Asked Questions

What type of property is this?
Residential land & home lot - 8.58 acres with engineering, infrastructure, and lake views.
Where is this residential land & home lot located?
The property is located at 000 N Pearl St Crestview, FL.
What is the asking price?
The asking price for this property is $1,355,000.
What are key features of this property?
This property features: Approved for **74 townhome units with single‑car garages**.; Situated on **8.58 acres with panoramic views of Arbor Lake**.; Features a multi‑tiered topography.
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