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Harrison Lilly Team

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

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11550 Munson Hwy , Milton, FL 32570
$750,000
Est. Payment: $4,143.64/mo
9 Bed
9 Bath
60000 Sqft
10 Acres
Status: Active | Days on site: 8
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Harrison Lilly Team
Owner/Operator

House Description

Major Investment Opportunity. This property is zoned Rural Residential Agriculture. Therefore, there are many amazing options. It used to be the Munson Elementary school but now serves as a blank slate available for being a conversion to a private mansion, nursing home, private school, athletic park, RV Park, shelter, or even the perfect spot for a Marijuana Growing Facility. There are endless possibilities as this amazing SCHOOL CAMPUS is fully intact and is located in a private location nestled among nature. Surrounded by the Blackwater State Forest 260,000 Acre State Park, this could be the dream come true for a Not-For-Profit or Profit organization Savvy investors will quickly see the multitude of benefits this asset has, as smart buyers will quickly want to secure this rare once in a lifetime buy. This property was built as the very first School ever built within a Florida State Park. One can develop your dreams here as a home or business as it hasa full gymnasium equipped with complete locker rooms ! The School held an AGRICULTURAL CAMPUS Status all the time. There is a full cafeteria across from the music room of performing arts. The AG Building is equally as awesome. Walk down the halls of this campus and feel the full potential of what the future can hold for your visions. Outdoor basketball courts and a Fully Enclosed Baseball Field is ready for re-vitalization or private athletics. The broadcast tower remains next to the big antenna at the beginning entry of the property. The campus boasts a track and field area plus a full park and more. There is too much to list and not enough can be said about this extremely rare opportunity to OWN A property that could be converted into a family state or returned back into a school campus, or innovate into a new area of income generating businesses.

Highlights

Listed by Joanna Johannes , 850-398-0130 Coconut Palm Real Estate LLC , 850-398-0130. Pensacola Association of REALTORS®, Inc.

Property Type

Residential

Lot/Acreage
10

Year Built

1976

County

Santa Rosa

Neighborhood

None

Listing ID

689621

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:9
  • ▪ Bathrooms:9
  • ▪ Full Bathrooms:8
  • ▪ 1/2 Bathrooms:2
Appliances:Recirculating Pump Water Heater
Air Cond:Multi Units
Fireplaces:
Floor:Hardwood,Parquet
Other:
  • ▪ Additional:Game Room, Media Room
Water:Public

Exterior Features

Lot:Central Access
Zoning:Agricultural,Mixed Residential Subdiv
Roof:Shingle
Others:
  • ▪ Additional:Resale
Sewer:Septic Tank
Parking Features:2 Space/Unit
Principal Interest
$4,144
Taxes
$478

Home Price

$750,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$150,000
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:
$4,143.64

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,143.64 $478.13 $0.00 $4,621.77
Yearly $49,723.70 $5,737.50 $0.00 $55,461.20
Total $1,491,711.11 $172,125.00 $0.00 $1,663,836.11

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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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: 2026-10-06T23:44:11.000Z

© 2026 Pensacola Association of REALTORS®, Inc.