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

Overview

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)

Listing Details MLS# 917472

Contract Info

GCCMLS Number: 30835034
Listing Board: Emerald Coast

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

General Property Info

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

Multi-Family

# of Units: 128

More Information

Waterfront

Waterfront Feet: 1000 linear feet
Lake: Yes

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

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: Yes

Construction Status

Existing: Yes
Under Construction: Yes

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© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.