
TBD HWY 87 S, NAVARRE, FL, 32566
Active83 days on marketListed May 13, 2026MLS #TB8506466
About this home
TBD HWY 87 S
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.
Facts & features
The home at a glance
3.03 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$3,522 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$3,522/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Navarre
Get to know Navarre. See the full Navarre guide →
NAVARRE 32566 — neighborhood snapshot
Population
43,166
Median age
39.4
Median income
$99,501
Median home value
$361,000
Avg household
2.71
Households w/ children
5,656
For the school run
Santa Rosa County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Navarre market
$293K → $810K
Navarre median sold, yr/yr
100.6%
Sale-to-list ratio (12 mo)
Median sold price, Navarre, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 442% above the NAVARRE 32566 median. See the full Navarre market guide →
Paper trail
This home's history
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
John Carpenter
CFO/Broker · CENTURY 21 Edge
Tours, negotiation, and every question about TBD HWY 87 S — start here.

Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for TBD HWY 87 S — before you fall in love.
See it in person
Schedule a tour
Live availability from John's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
TBD HWY 87 S FAQs
What would the monthly payment be for TBD HWY 87 S?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,522/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on TBD HWY 87 S?+
The most recent tax bill on record (2025) was $6,164. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Navarre?+
At $450,000, this home is listed about 157% above the Navarre median of $175,000. The market section on this page shows how the area is trending.
Which schools are assigned to TBD HWY 87 S?+
Navarre High School (high), Holley-Navarre Middle School (middle), Holley-Navarre Primary (elementary), Holley-Navarre Intermediate (elementary) — Santa Rosa County School District. Always verify school assignments with the district before relying on them.
Listing courtesy of KELLER WILLIAMS REALTY- PALM HARBOR · Janet Faulkner. MLS #TB8506466.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New Navarre homes, in your inbox
Like TBD HWY 87 S but not quite? A daily digest of every new listing in Navarre — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask John to ping you on any price or status change →