Positioned along the well-traveled corridor of US Highway 98, 5416 W US Highway 98 presents a compelling opportunity within the evolving landscape of Santa Rosa Beach. Comprising just over seven acres across three combined parcels, this offering brings together scale, visibility, and accessibility in a setting primed for thoughtful development.
With prominent highway frontage, the property benefits from consistent exposure and ease of access, creating a strong foundation for a wide range of commercial possibilities. The surrounding area continues to experience steady growth, enhancing both the presence and long-term potential of this location. The size and configuration of the land allow for a vision that is both expansive and intentional--whether designed for a single-use concept or a more dynamic, mixed-use environment. The site's visibility from Highway 98 ensures a natural connection to the flow of daily life along the Emerald Coast, while its accessibility supports seamless arrival and departure.
Defined by opportunity and positioned for impact, 5416 W US Highway 98 offers a rare canvas in one of the region's most active corridors--an address where thoughtful planning and design can shape something truly lasting.
Pending
$4,290,000
5416 Us Highway 98 W, Santa Rosa Beach, FL 32459
--beds
0baths
7.12Acres
Unimproved Land
Built in ----
7.12 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Prominent highway frontageEase of access
- 75 days |
- 10 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Hilary K Farnum-Fasth 850-685-0171,
Corcoran Reverie SRB
Source: ECAOR,MLS#: 1000855
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Lot
- Size: 7.12 Acres
- Dimensions: 220 x 320 | 250 x 325 | 580 x 125 x 553 x 370
- Features: Cleared, Irregular Lot, Level
Details
- Parcel number: 292S20330000170030
Community & HOA
Community
- Subdivision: Highway 98
Location
- Region: Santa Rosa Beach
Financial & listing details
- Tax assessed value: $1,267,632
- Annual tax amount: $8,873
- Date on market: 4/17/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Pending sale | $4,290,000 |
Source: | ||
| 4/17/2026 | Listed for sale | $4,290,000-0.2% |
Source: | ||
| 6/30/2025 | Listing removed | $4,300,000 |
Source: | ||
| 12/16/2023 | Listed for sale | $4,300,000-9.5% |
Source: | ||
| 8/29/2023 | Listing removed | -- |
Source: | ||
| 4/28/2023 | Price change | $4,750,000-18.1% |
Source: | ||
| 7/20/2021 | Price change | $5,799,000-3.4% |
Source: | ||
| 5/20/2021 | Listed for sale | $6,000,000+136263.6% |
Source: | ||
| 7/1/1999 | Sold | $4,400 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,874 +34.2% | $727,208 +10% |
| 2024 | $6,614 +5.2% | $661,098 +10% |
| 2023 | $6,287 -3% | $600,998 +10% |
| 2022 | $6,483 +29.8% | $546,362 +10% |
| 2021 | $4,995 +5.9% | $496,693 +10% |
| 2020 | $4,715 +13.2% | $451,539 +10% |
| 2019 | $4,165 | $410,490 +1.5% |
| 2018 | $4,165 +7.4% | $404,537 +2.6% |
| 2017 | $3,880 +6.5% | $394,338 +3.7% |
| 2016 | $3,643 +5.3% | $380,145 +25.5% |
| 2015 | $3,459 +16.4% | $302,957 +8.7% |
| 2014 | $2,971 | $278,780 -0.4% |
| 2013 | -- | $279,821 +32.8% |
| 2012 | -- | $210,646 -4% |
| 2011 | -- | $219,377 -21.3% |
| 2010 | -- | $278,738 -27.2% |
| 2009 | -- | $383,012 -14.5% |
| 2008 | -- | $448,100 -9.3% |
| 2007 | -- | $494,176 +0.4% |
| 2005 | -- | $492,281 +43.7% |
| 2004 | -- | $342,678 +68.7% |
| 2003 | -- | $203,121 +0.7% |
| 2002 | -- | $201,711 -0.3% |
| 2001 | -- | $202,299 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 32459
Nearby schools
GreatSchools rating
- 9/10Van R. Butler Elementary SchoolGrades: K-5Distance: 1.1 mi
- 8/10Emerald Coast Middle SchoolGrades: 6-8Distance: 9.3 mi
- 8/10South Walton High SchoolGrades: 9-12Distance: 5.2 mi
Schools provided by the listing agent
- Elementary: Van R Butler
- Middle: Emerald Coast
- High: South Walton
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Walton County
- Santa Rosa Beach
- 32459
- 5416 Us Highway 98 W
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