Rural Residential Agricultural
5568 Forest Hills Ln Milton, FL 32570
5568 Forest Hills Ln, Milton, FL, 32570
$279,900
For Sale
$279,900
LAND - Milton, FL
Property Size1,256 SF
Lot Size5.01 Acres
Price / SF$222.85
Days on Market113
Property Features for 5568 Forest Hills Ln
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 303N280000001080000
- Lot size
- 5.01 Acres
Taxes and HOA fees
- Tax Description
- Metes and Bounds, Lenghty Forest Hills Ln. Santa Rosa County, FL
Utilities
- Water source
- Public
- Water front features
- Waterfront
Listing agency
Hess Realty Group, LLC
(850) 477-7050
Listed by
Sharon Hess Herrick
(850) 477-7050
Added: Apr 1 Updated: Jul 6 at 6:09PM Checked: Jul 22 at 1:06PM
MLS# 680193
Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This rural property offers approximately 5.01 acres of level land measuring about 330 ft. by 660 ft., zoned Rural Residential Agriculture (AG-RR). Improvements include a 1,256 sq. ft. double wide manufactured home with 3 bedrooms and 2 bathrooms, described as livable in good condition and insurable. The home has a deck added in 2020 and roof-top solar. The septic tank was serviced in 2024. Also on site are two sheds: a 24 ft. by 24 ft. shed built in 2008 and a 16 ft. by 24 ft. shed built in 2016. The property includes a small manmade pond not stocked and approximately 60 to 70 mature pecan trees.
The site is located in Milton, Florida within Santa Rosa County, with access described as a paved county road. The seller notes the parcel can potentially be divided and that additional construction may be allowed with approval from county zoning/planning. The surrounding area is described as rural, with horses and farmland nearby.
For buyers, the combination of usable improvements and rural zoning may support straightforward owner-occupant or multi-home planning, while still retaining the existing manufactured home. Prospective buyers should confirm all division and building approval requirements with Santa Rosa County as part of their due diligence.
The site is located in Milton, Florida within Santa Rosa County, with access described as a paved county road. The seller notes the parcel can potentially be divided and that additional construction may be allowed with approval from county zoning/planning. The surrounding area is described as rural, with horses and farmland nearby.
For buyers, the combination of usable improvements and rural zoning may support straightforward owner-occupant or multi-home planning, while still retaining the existing manufactured home. Prospective buyers should confirm all division and building approval requirements with Santa Rosa County as part of their due diligence.
Key Highlights
- 5.01 acres zoned Rural Residential Agriculture (AG‑RR) with potential for division and additional home construction.
- Approximately 60‑70 mature pecan trees.
- Two sheds in good, insurable condition (24' x 24' built 2008 and 16' x 24' built 2016).
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.6k | $15.60 |
| − Vacancy | −$1.2k | −$0.94 |
| EGI | $18.4k | $14.66 |
| − OpEx | −$8.3k | −$6.60 |
| NOI | $10.1k | $8.07 |
1,256 SF · lease $15.60/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$144.7K
$126.6K – $168.8K
NOI $10,130 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$309.3K
$270.6K – $360.8K
NOI $21,649 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Agricultural land / Farmland - Level rural tract with a pond, mature pecan trees, and an existing manufactured home plus sheds.
Where is this agricultural land / farmland located?
The property is located at 5568 Forest Hills Ln Milton, FL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 5.01 acres zoned Rural Residential Agriculture (AG‑RR) with potential for division and additional home construction.; Approximately 60‑70 mature pecan trees.; Two sheds in good, insurable condition (24' x 24' built 2008 and 16' x 24' built 2016).
