Waterfront Land with Gulf
For Sale
$1,600,000
4877 Mulatto Bayou Dr, Milton, FL 32583
10 Acres Land For Sale Waterfront w/access to Gulf
Property Size435,600 SF
Lot Size10.00 Acres
Price / SF$3.67
Days on Market595
Property Features for 4877 Mulatto Bayou Dr
General Information
Standard status
Active
Property type
Other land, Residential land & home lots, Commercial land, Land
Size
435,600 SF
Elevators
N/A
Lot size
10.00 Acres
Listed By:
Paul Salter
(850) 432-5320
Added: Feb 19, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 10-acre waterfront property is located in Milton, Florida, and features approximately 1400 feet of waterfront access on Mulatto Bayou, a navigable waterway leading to the Gulf of Mexico. The property is conveniently situated between Pensacola and Milton, offering easy access to area beaches (within 30 minutes), the Pensacola International Airport (20 minutes), the University of West Florida (20 minutes), and major transportation corridors including I-10, US 90, and Avalon Boulevard. The property is zoned R-1, allowing for the development of up to four units per acre. Existing infrastructure includes power, public water, and septic. Remnants of two previous docks/piers (pilings), a cleared trail, and a driveway are also present. A 2,160 square foot single-family home is currently on the site. The surrounding area demonstrates strong demographics, with a total population of 46,147 within a 5-mile radius and an average household income of $95,560. The property's size, waterfront access, and strategic location make it an attractive investment for residential or commercial development in a highly desirable location.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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Business Placement
Demographics for 32583, FL
31,047
Population
11,169
Households
2.8
Avg Household Size
41
Median Age
22%
College-Educated
87%
High-School Grad
125.1 sq mi
ZIP Area
248
Density / Sq Mi
$84,957
Median Household Income
$42,193
Median Earnings
$1,307
Median Rent
$229,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Land - 10 Acres Land For Sale Waterfront w/access to Gulf
Where is this land located?
The property is located at 4877 Mulatto Bayou Dr Milton, FL.
What is the asking price?
The asking price for this property is $1,600,000.
