WATERFRONT. A rare opportunity to affordably own a large waterfront parcel (parcel split) with dedicated shared ownership and access to an existing private dock, offering immediate enjoyment of the waterfront lifestyle while you plan and build your dream home. From your dock, explore Escambia Bay, the Blackwater River, the Gulf of Mexico, and even cruise by boat into historic downtown Milton. This peaceful waterfront setting offers the best of both worlds--an uncrowded, Old Florida atmosphere surrounded by nature, yet with exceptional convenience. Interstate 10 is less than five minutes away, providing an easy commute to Pensacola, while the property's location on the east side of Escambia Bay allows quick access to Navarre Beach without crossing the toll bridge. The generous homesite features ample upland area for construction while the shoreline remains protected as a natural Florida marsh, ensuring your waterfront views and the property's unspoiled character are preserved for years to come. Unlike many waterfront conservation properties, this parcel includes shared ownership and use of an existing private dock, allowing you to enjoy boating, fishing, kayaking, and waterfront sunsets from day one. Whether you're envisioning a private coastal estate, a weekend retreat, or your forever home, this property offers an exceptional combination of privacy, natural beauty, boating access, and convenience. Survey, wetlands delineation, and dock access documentation are available