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$400,000 Just Listed
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Property Description
Opportunity to acquire a +/-0.80-acre multi-use parcel located within the City of Niceville Community Redevelopment Agency (CRA) district, offering strong redevelopment and investment potential. The property includes an existing duplex that needs renovation, providing a true value-add opportunity, and features a new metal roof, offering a solid starting point for improvements.With Multi-Use zoning, the existing structure may be suitable for conversion to office or professional space, subject to city approvals. A significant portion of the parcel remains vacant, allowing flexibility for additional commercial development, mixed-use concepts, or expanded multi-family, making this an ideal site for investors or owner-users looking to reposition the property.Located in an established area of Niceville with nearby residential and commercial activity, this property presents a rare chance to invest in a growing redevelopment corridor. Adjacent parcels are also available, allowing for potential land assembly. Buyer to verify zoning, density, and permitted uses with the City of Niceville.
Full Property Details
Full Property Details for 311 Kelly Rd
General
- Price: $400,000
- Status: Active
- Type: Vacant Land
- Source: Emerald_Coast
- MLS ID: 993839
- Updated: 1/27/2026
- Added to Site: 3 day(s) ago
Location
- Area: 13 - Niceville
- County: Okaloosa
- Subdivision: Metes & Bounds
- Driving Directions: Traveling West on Hwy 20 ( John Sims Pkwy ) Turn right on to Kelly Rd. next to Ace Hardware. Property will be up on your left.
School Information
- Elementary School: Edge
- Middle School: Lewis
- High School: Niceville
Utilities
- Utility Description: Community Sewer, Community Water, Electric
Structural Information
- Construction: Block, Roof Metal, Slab
Lot Features
- Lot Size (Acres): 0.8
- Lot Dimensions: 120 x 330
- Lot Features: Addl Land Available, Irregular, Within 1/2 Mile to Water
- Zoning: Commercial, Resid Multi-Family, Resid Single Family
Financial Considerations
- Price Per Acre: $500,000
- Terms: Conventional
Disclosures and Reports
- Legal Description: Brief description COM SW COR OF SE1/4 OF SW1/4 N452 FT E150 FT TO POB THC E
- APN: 01-1S-23-0000-0076-0000
Listed by Real Broker LLC
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Schools
Schools serving 311 Kelly Rd
School District:Okaloosa County School District
| Name | Grades | Distance |
|---|---|---|
Lula J. Edge Elementary School 300 Florida 85, Niceville, FL 32578 | K-5 | 0.7 mi |
Addie R. Lewis School 281 Mississippi Avenue, Valparaiso, FL 32580 | K-4 | 2.2 mi |
Niceville Senior High School 800 John Sims Parkway, Niceville, FL 32578 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 311 Kelly Rd
Date
Details
Price
Change
Source
1/27/2026
Listed
$400,000
77.78%
MLS
11/18/2021
Sold
$225,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 311 Kelly Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,596
8%
$116,259
4%
2024
$1,474
-28%
$111,428
-29%
2023
$2,036
19%
$156,010
24%
2021
$1,705
-5%
$126,266
-8%
2022
$1,797
5%
$136,765
4%
2021
$1,705
-2%
$131,068
3%
2019
$1,748
7%
$126,695
10%
2018
$1,627
-10%
$115,177
-9%
2017
$1,799
7%
$127,105
6%
2016
$1,687
1%
$119,877
3%
2015
$1,677
6%
$116,058
8%
2013
$1,588
—
$107,862
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 311 Kelly Rd
311 Kelly Road, Niceville, FL 32578 (MLS# 993839) is a Vacant Land property with a lot size of 0.80 acres. 311 Kelly Road is currently listed for $400,000 and was received on January 27, 2026. Want to learn more about 311 Kelly Road? Do you have questions about finding other Vacant Land real estate for sale in Niceville? You can browse all Niceville real estate or contact a Coldwell Banker agent to request more information.

