Property
ActiveLand
1/2
$450,000

TBD HWY 87

Navarre, FL 32566
0
Beds
0
Baths
0
SqFt
3.03
Acres
STELLAR
#TB8506466
Updated: May 13, 2026, 5:53pm

Property Description

Strategically located along FL Hwy 87 in the rapidly expanding Holley/Navarre submarket of coastal Santa Rosa County, this ±3.03-acre commercially zoned parcel presents an exceptional opportunity for investors, developers, or owner-users seeking a foothold in one of Northwest Florida’s fastest-growing corridors. Recently rezoned from residential to commercial, the property benefits from increasing residential growth, strong regional demographics, and continued economic expansion driven in part by the nearby Eglin Air Force Base and broader defense-related employment sector. The site offers valuable frontage and visibility along FL Hwy 87, a key north-south connector between Navarre, Milton, and the surrounding Gulf Coast communities. Positioned between larger adjacent tracts — including one parcel without direct road frontage — the property may also offer strategic long-term value as a potential access or gateway component for future surrounding development. The surrounding Navarre/Holley market continues to experience significant population and household growth, with increasing demand for housing, neighborhood services, retail support, office, flex, and convenience-oriented commercial uses. The property’s commercial zoning, combined with its location within an emerging path-of-growth corridor, creates flexibility for a variety of potential uses, subject to buyer verification and local approvals. Offered at a competitive price point relative to other commercial land opportunities in the coastal Santa Rosa County market, this is a rare opportunity to acquire commercially entitled land in a high-growth Florida Gulf Coast location before broader area buildout continues to accelerate.

Property Details

Site & Exterior
Current Use
Residential
Flood Zone Code
X
I D X Participation
Yes
Lot Size Acres
3.03
Lot Size Area
60
Lot Size Square Feet
2613600
Lot Size Units
Acres
Public Survey Range
27
Public Survey Section
39
Road Frontage Type
Highway
Road Surface Type
Asphalt
Total Acreage
2 to less than 5
Utilities
Electricity Available
Zoning
COMMERCIAL
Financials
Calculated List Price By Calculated Sq Ft
0.17
Contract Status Change Date
2026-05-13
Current Adjacent Use
Vacant
Current Price
450000
Feed Types
BBO
Owner Name
STEPHEN H BASS
Ownership
Fee Simple
Parcel Number
391S270000017580000
Price Per Acre
148515
Public Survey Township
01
Tax Annual Amount
6164
Tax Block
150
Tax Book Number
2624`
Tax Legal Description
*NEW PARCEL FOR 2020 TAX ROLL*
Tax Year
2025
Construction
Building Area Units
Square Feet
Living Area Units
Square Feet

Neighborhood & Lifestyle

Community & Association
M L S Area Major
32566 - Navarre
Listing provided courtesy of STELLAR via IDX. Updated: May 13, 2026, 5:53pm.
Janet Faulkner

Listing Agent

KELLER WILLIAMS REALTY- PALM H

Call Agent