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    5771 Flora Lee Ln Crestview, FL 32539

    For Sale
    $899,900

    9.24 acres, two homes, barns, RV storage. Excellent development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 9.24-acre property in Crestview, Florida, presents a unique opportunity for residential development or expansion. Located in Okaloosa County, with a 32539 zip code, the land boasts a desirable location just outside the city limits, offering convenient access to amenities while maintaining a tranquil setting. The property features two existing homes, providing immediate income potential or comfortable living arrangements during development. Two barns and RV storage add to the versatility and functionality of the site. Mature oak trees enhance the property's aesthetic appeal. The land is level, making it ideal for construction and development. The main home includes a circle drive and carport, while a separate guest house offers additional living space with its own driveway and carport. Ample pole barn and storage space are also available. The property's strategic location offers proximity to city sewer lines (both west and east), and its adjacency to the city suggests potential for annexation. Nearby conveniences include Publix and Winn-Dixie supermarkets, and the airport is also easily accessible. Airport road frontage provides excellent visibility and accessibility. This property is zoned for residential single-family use, but its size and location offer significant potential for rezoning to accommodate multi-family development. Bring your development plans and envision the possibilities! The asking price is $899,900.

    Property Features for 5771 Flora Lee Ln

    General Information

    Property type
    Land
    Lot Size
    402,494 SF

    HighLights

    • $899,900 asking price.
    • 9.24‑acre residential land parcel.
    • Located in Crestview, FL, Okaloosa County, zip code 32539.
    • Single‑family residential zoning.
    • Features two homes, two barns, and RV storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crestview
    County
    Okaloosa
    State
    Florida
    Longitude
    -86.5485897
    Latitude
    30.7934168

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    FAQs

    What type of property is this?
    Land - 9.24 acres, two homes, barns, RV storage. Excellent development potential.
    Where is this land located?
    The property is located at 5771 Flora Lee Ln Crestview, FL.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: $899,900 asking price.; 9.24-acre residential land parcel.; Located in Crestview, FL, Okaloosa County, zip code 32539.
    (850) 398-8898
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5771 Flora Lee Ln Crestview, FL 32539
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