737 Arbor Lake Drive, Crestview, FL 32536 (MLS# 917472)

737 Arbor Lake Drive, Crestview, FL 32536

$2,650,000

Colored Rendering of Arbor Lake Site Plan

Looking at Arbor Lake from the Northside of Sub-Division

Close up of Arbor Lake from the Northside of Sub-Division

Front and Side Elevation of Duplex Units

Arbor Lake Phase I Quad Plex Exterior Fi

Arbor Lake Quad Plex Exterior Unit Front

Arbor Lake Quad Plex Exterior Finishes c

Phase I & II Infrastructure and Utility Installation

Arbor Lake Sub-Surface Infrastructure Im

Phase I: Duplex Units fronting Arbor Lake Drive

Phase I Duplex Units with Private Terrace Entrance

Phase I Duplex Units fronting Arbor Lake Dr.

Phase I Town Home Pad Sites Overlooking Phase II Units and Community Park

Phase I Townhome Pad Site Overlooking Phase II and Community Park

Phase I's Townhome and Duplex Units fronting Arbor Lake Drive from Main Entrance

Phase I 3 Bedroom 2.5 Bath Townhome Units w/ Garage W/Views of Arbor Lake and Ph. II Community Park

Phase I: Eight Town Home Pad Sites at the Entrance of Arbor Lake

View of Phase II's Valley, Community Park, and Arbor Lake

Ground level of Phase II, Lift Station, and 74 Townhome Pads

Property Type: Commercial for Sale Lot Size (sq. ft.): 559,310 Status: Active

Current Price: $2,650,000 List Date: 1/10/2024 Last Modified: 11/10/2025

Description

Arbor Lake Townhomes in Crestview, FL, is a 12.84-acre Subdivision being offered FOR SALE in Two (2) Phase; PHASE I includes thirty-six (36) publicly recorded pad sites on 3.31 acres of 'improved' property, including all horizontal improvements: underground infrastructure, road, curbing, street lighting, HOA pool & pool house, and entrance sign completed in 2012. Each recorded pad site comes shovel-ready to receive vertical improvements for thirty-six (36) 1,250 square foot, two-bedroom, two-and-a-half bathroom townhome units. PHASE II offers 91 (formerly entitled) units of townhome density with single-car garages planned on 9.53 majestic acres, offering panoramic views of Arbor Lake from a multi-tiered topography reminiscent of the hill country of North Georgia. (cont. below)

More Information MLS# 917472

Contract Info

GCCMLS Number: 30835034 Listing Board: Emerald Coast List Date: 2023-02-21 List Price: $2,650,000

Location, Tax and Legal

Sub Area: 2503 - Crestview Northwest Property Name: Arbor Lake Townhomes Legal Description: Parcel I.D.: 07-3N-23-1101-0000-0CA0 - LAKE PH I COMMON AREA,ROADS, EASEMENTS AND RECREATIONAL AREAS Parcel I.D.: 08-3N-23-1701-0000-001B - 2ND ADD LOTS 1 & 6 AND ALL OF VACATED ALLEY WEST THEREOF BK 2724 PG 1453 LESS CITY LIFT STATION LESS 44FT WIDE ENTRANCE FOR ARBOR LAKE PH 1 LESS ARBOR LAKE PH II

General Property Info

Listed on GCCMLS: Yes Vacant: Yes Immediate Occupancy: No Zoning: Multi-family Future Land Use: Multi-Family Acreage: 12.84

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Arbor Lake Townhomes in Crestview, FL, is a 12.84-acre Subdivision being offered FOR SALE in Two (2) Phase; PHASE I includes thirty-six (36) publicly recorded pad sites on 3.31 acres of 'improved' property, including all horizontal improvements: underground infrastructure, road, curbing, street lighting, HOA pool & pool house, and entrance sign completed in 2012. Each recorded pad site comes shovel-ready to receive vertical improvements for thirty-six (36) 1,250 square foot, two-bedroom, two-and-a-half bathroom townhome units. PHASE II offers 91 (formerly entitled) units of townhome density with single-car garages planned on 9.53 majestic acres, offering panoramic views of Arbor Lake from a multi-tiered topography reminiscent of the hill country of North Georgia. (cont. below)

Class

Multi-Family: 1

Waterfront

Lake: 1 Waterfront Feet: 1000 linear feet

Construction Status

Existing: 1 Under Construction: 1

Multi-Family

# of Units: 128

None

Current Price: $2,650,000

Status Change Info

Status: Active

Location Tax and Legal

Area: 25 - Crestview Area Street #: 737 Street Name: Arbor Lake Street Suffix: Drive State: FL Zip Code: 32536 County: Okaloosa Parcel ID: 07-3N-23-1101-0000-0CA0

Property Features

Class: Multi-Family Construction Status: Existing; Under Construction Waterfront: Lake

Listing Office: NBI Properties Inc

Last Updated: November - 10 - 2025

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

Properties