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Okaloosa 32539
5298 Colt Drive
$40,000
● Land - For Sale

5298 Colt Drive

Crestview, FL 32539
bedrooms
Studio
bathrooms
0 Bath
$241
Est. Monthly
$16
HOA / Fees

About This Property

Here's your opportunity to turn that dream into reality! Offering approximately 2 acres of cleared, open land, this property provides the space, privacy, and flexibility you've been looking for without the upkeep of a much larger parcel. Currently used as horse pasture, the land offers a beautiful country setting with plenty of room to imagine what comes next.

Whether your vision includes a custom-built home, a charming country retreat, or a mini homestead, this property gives you a blank canvas to bring those ideas to life. With the acreage already cleared, you can skip much of the initial land-clearing process and start envisioning your future homesite, outdoor living spaces, gardens, or room for your recreational toys. Enjoy the peaceful feel of country living while still being conveniently located in the Crestview area.

An important detail: This approximately 2-acre parcel is being divided from an existing 10-acre property, and the sale is contingent upon approval and completion of the lot split through the appropriate county authorities. Final acreage, property boundaries, legal description, and parcel details will be established once the split is complete. Buyers should verify their intended use, zoning, utilities, setbacks, easements, and building requirements with the appropriate authorities.
Unit Size
-
Days on Market
42 days
Land Size
2.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$28
HOA Dues
$16
Year Built
1988

Listed By

Samantha Lapomardo
Samantha Lapomardo
Keller Williams - Destin

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Last updated: 4 days ago (ECAR #1012457)

Price History

Date / Event Date Event Price
Sep 21, 2026 Listed by Coldwell Banker Realty $40,000
Listed by Coldwell Banker Realty
Jan 15, 2019 Sold
Sold

Property Highlights

Exterior Details
Lot Size Area: 2
Lot Size Units: Acres
Lot Size Acres: 2
Lot Size Square Feet: 87120
Lot Size Dimensions: 0x0
Financial Details
Tax Annual Amount: $339
Location Details
HOA Fee: $189
HOA Fee Frequency: Annually

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 10
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 58
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 435,600
  • Total Building Area: 1,082
  • Gross Building Area: 1,082
  • Building Area: 938
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heated Square Feet: 938
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000010000
  • Standard Land Use Code: 1006
  • County Land Use Code: 009900
  • State Land Use Code: 099
  • Mobile Home Indicator: T
  • Legal Description 1: LOT 8: N1/4 OF NE1/4 OF SE1/4

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020306

Geography

  • Parcel: 14-3N-22-0000-0002-0070
  • Lot: 8
  • Municipality: COUNTY
  • Latitude: 30.7568
  • Longitude: -86.4107

    Address

  • Full Address: 5298 Colt Dr
  • Address - House Number: 5298
  • Address - Street Name: Colt
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: R009
  • 4-Digit Zip Code: 8762
  • Zip Code: 32539

Valuation

    Tax

  • Total Area: 974
  • Tax Year: 2023
  • Tax Amount: $32,314
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.186
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 103,624
  • High Value: 122,906
  • Low Value: 84,342

    Market Valuation

  • Market Total Value: $65,773
  • Market Land Value: $47,040
  • Market Improvement Value: $18,733

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,843

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 11, 2019
  • Current Sale Recording Date: Jan 15, 2019
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3253502
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 5298 Colt Drive built and last sold?
The property at 5298 Colt Drive was built in 1988 and last sold on Jan 11, 2019 for $43,000.
How much is this home worth?
The estimated value of the home located at 5298 Colt Drive is $40,400.
What are some comparable homes to 5298 Colt Drive?
There are currently no comparable homes to 5298 Colt Drive.