Land at TBD HWY 87 S, NAVARRE
Land at TBD HWY 87 S, NAVARRE, photo 2 of 2
2 photos

$450,000

TBD HWY 87 S
NAVARRE, FL 32566
Listed by KELLER WILLIAMS REALTY- PALM HARBOR
Bedrooms
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Bathrooms
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Living area
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Year built
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About this home

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

MLS
Stellar MLS
MLS #
MFRTB8506466
Property type
Land
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
May 13, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
3.03 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
HOLLEY-NAVARRE PRIMARY
2.88 mi away · Grades -1-2
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
762
Student:teacher ratio
13.6:1
District
SANTA ROSA
Middle
HOLLEY-NAVARRE MIDDLE SCHOOL
2.86 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
830
Student:teacher ratio
18.9:1
District
SANTA ROSA
High
NAVARRE HIGH SCHOOL
2.71 mi away · Grades 8-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
2,352
Student:teacher ratio
26.1:1
District
SANTA ROSA

Walkability

Blended score for NAVARRE's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

21
Car-dependent
out of 100
EPA National Walkability Index
7.0 / 20 -- Below average walkable
Google Places amenity density
0 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Mortgage calculator

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Est. monthly payment
$2,860/mo
$90,000 down
$360,000 loan
Principal & interest$2,335
Property tax (est.)$375
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated May 13, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.