Agent profile image in chat bubble
Agent profile image in chat header

Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

Agent profile image in message

0 Hwy 87 , Milton, FL 32583
$695,000
Est. Payment: $3,524.54/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 348
Get Pre-Qualified
VCR-C15903466 - VCR-C159091383,VCR-C159052275

By providing your number, you are expressly consenting, in writing, to receive telemarketing and other messages, including calls or texts at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply. Text STOP to cancel.

This site is protected by reCAPTCHA and the GooglePrivacy Policy and Terms of Service apply.

Agent profile image
Harrison Lilly
Owner/Operator

House Description

Prime development opportunity with 38± acres of wooded land located along Highway 87 South in Milton, near the Yellow River Bridge. This unique property offers approximately 34 acres on the west side of Hwy 87 and an additional 4.5 acres on the east side, providing excellent visibility and access along this growing corridor. The property features a natural wooded setting with some wetlands, offering potential for creative site planning while maintaining privacy and natural surroundings. Currently zoned AGRR with potential for commercial rezoning, making it an attractive option for investors, developers, or businesses looking to establish a presence along this high-traffic highway. Conveniently located south of the interstate and near the entrance to the Eglin Reservation, this property sits in an area experiencing continued growth and development. With significant road frontage and flexible possibilities for future use, this parcel offers excellent potential for commercial, mixed-use, or long-term investment. Survey and wetlands report available upon request. This property being sold with neighboring property which is 9.98 acres to make it a total of 48.3. Reach out today on this gem. Beautiful property.

Highlights

Listed by Teresa Mclellan , 850-932-0202 SUN QUEST PROPERTIES OF NWF,I , 850-932-0202. Pensacola Association of REALTORS®, Inc.

Property Type

Vacant Land

Lot/Acreage
38.34

County

Santa Rosa

Neighborhood

None

Listing ID

670498

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:None

Exterior Features

Lot:Wooded,Central Access,Corner Lot,No Improvements,Pond On Lot,Pond,River Front,No Waterfront Features
Zoning:Agricultural,Res Single
Sewer:None
Principal Interest
$3,525
Taxes
$443

Home Price

$695,000

Loan Details

30 yrs
6.528%

Down Payment

20%
$139,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,524.54

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,524.54 $443.06 $0.00 $3,967.61
Yearly $42,294.51 $5,316.75 $0.00 $47,611.26
Total $1,268,835.39 $159,502.50 $0.00 $1,428,337.89

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

6%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Aug 2026

Average Price

All Price Ranges
N/A
Aug 2026

Average Days on Market

All Price Ranges
N/A
Aug 2026
Market insight data is pulled from the same city as the listing being viewed (Milton, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Pensacola Association of REALTORS®, Inc., and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T05:37:29.000Z

© 2026 Pensacola Association of REALTORS®, Inc.