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Sold for $3,900,000
  • $3,900,000

    5416 Us Highway 98 W, Santa Rosa Beach, FL 32459

    --beds
    0baths
    7.12Acres
    Unimproved Land
    Built in ----
    7.12 Acres Lot
    $2,149,500 Zestimate®
    $--/sqft
    $-- Estimated rent

    Home value

    $2,149,500

    $1.46M - $3.01M

    Not available

    Zestimate® history
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    What's special

    Prominent highway frontageEase of access
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Hilary K Farnum-Fasth 850-685-0171,

    Corcoran Reverie SRB

    Bought with:

    Christopher A Abbott, 3078996

    Scenic Sotheby's International Realty

    Source: ECAOR,MLS#: 1000855MLS Logo

    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

    Price history

    DateEventPrice
    7/27/2026Sold$3,900,000-9.1%
    Source: ECAOR #1000855 Report a problem
    5/12/2026Pending sale$4,290,000
    Source: ECAOR #1000855 Report a problem
    4/17/2026Listed for sale$4,290,000-0.2%
    Source: ECAOR #1000855 Report a problem
    6/30/2025Listing removed$4,300,000
    Source: ECAOR #938443 Report a problem
    12/16/2023Listed for sale$4,300,000-9.5%
    Source: ECAOR #938443 Report a problem
    8/29/2023Listing removed--
    Source: Engel & Volkers Report a problem
    4/28/2023Price change$4,750,000-18.1%
    Source: Engel & Volkers #922074 Report a problem
    7/20/2021Price change$5,799,000-3.4%
    Source: ECAOR #872265 Report a problem
    5/20/2021Listed for sale$6,000,000
    Source: ECAOR #872265 Report a problem

    Public tax history

    YearProperty taxesTax 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

    Neighborhood: 32459

    Nearby schools

    GreatSchools rating
    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.