Tbd Hwy 87 S, photo 1
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Overview

0 baOther
TypeOther
HOANone listed
Lot2,613,600 sqft

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About this home

Tbd Hwy 87 S is a home Navarre.

From the listing

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.

The essentials

On market
157 days
Annual tax
$6,164
Lot
2,613,600 sqft
Type
Other

At a glance

Payment

Est. monthly payment
$3,086/mo
Down payment (20%)
$90,000
Property taxes
$514/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Other
Year Built
-
Lot
2,613,600 sqft
Cooling
-
Heating
-
Parking
-
Days on Market
157
Annual Tax (2025)
$6,164

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

County
Santa Rosa
Lot Size
2,613,600 sqft

Price history

Date
Event
Price
5/13/2026
Listed for sale
Source: Stellar MLS #TB8506466
$450,000

Neighborhood

Tbd Hwy 87 S
Navarre, FL, 32566

Calculator

Est. monthly payment
$3,086/mo
Principal & interest$2,347
Property taxes$514
Insurance$225
Down payment20% · $90,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$450,000

Time on market

157 days

Monthly payment

About $3,086/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $6,164 annual tax bill, insurance.

Have another question?

Brokered byKELLER WILLIAMS REALTY- PALM HListing agent: Janet FaulknerListing data from Stellar MLS, MLS# TB8506466.

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