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

000 N Pearl Street, Crestview, FL 32536

8.58 acres with engineering, infrastructure, and lake views.

Property SizeContact for details
Lot Size8.58 Acres
Days on Market960

Property Features for 000 N Pearl Street

General Information

Standard status Active
Lot size 8.58 Acres
Property subtype Commercial
Listing Agency: NBI PROPERTIES INC
Listed By: DENNIS FORTENBERRY · License #BK627640
Source: Corcoran
Added: Jan 14, 2024 Changed: Aug 8 Last Checked: Aug 30 at 6:32PM

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

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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 Street 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.
More about this property
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