Added: Mar 25Changed: Aug 8Last Checked: Jul 16 at 5:34AM
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Investment Insights
Based on property information with market context.
This 0.45-acre double lot on Mulat Bayou presents an opportunity to build a waterfront home, or potentially two separate homes, with no HOA restrictions. The property offers approximately 100 feet of waterfront. Much of the groundwork has been completed, including clearing, a survey, geotechnical report, soil testing, and an elevation certificate, with no reported issues. Utilities are already in place, including water onsite, a sewer tap installed, 200-amp electrical service with outlets, and an additional 30-amp service panel. A custom home plan of approximately 3,000 sq ft has been designed and is ready for engineering stamp, with the architect open to modifying the plans to fit the new owner’s preferences prior to final engineering approval. Located down an approximately 150’ private asphalt driveway, the property provides waterfront views and sunsets over the bayou. The location allows for kayaking, boating, or fishing directly from the backyard, with access from Mulat Bayou into Escambia and Pensacola Bay. The brackish waters support wildlife and recreation, with sightings of dolphins, eagles, pelicans, blue herons, deer, and turtles. Anglers may find opportunities to catch redfish, speckled trout, sheepshead, black drum, flounder, blue crab, catfish, largemouth bass, and other local species. A pile of concrete is currently onsite. The property is located less than 2.5 miles from I-10 Exit 22, providing access to Pensacola, Gulf Breeze, beaches, shopping, and dining.
Key Highlights
Rare 0.45‑acre double waterfront lot on Mulat Bayou with 100 feet of waterfront, offering potential to build two homes.
Utilities already in place: water onsite, sewer tap installed, 200‑amp electrical service with outlets, and an additional 30‑amp service panel.
Groundwork completed: cleared property, survey, geotechnical report, soil testing, and elevation certificate with no reported issues.
Property Analytics
Property Profile
Current Use
Waterfront Land
Suggested Use
Top PickReal Estate AgencyBuilding SupplyLaw FirmStorage FacilityPlumbing ServiceSpa & Massage Center
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Waterfront Land - 0.45-acre waterfront double lot with utilities in place.
Where is this waterfront land located?
The property is located at 5056 San Miguel Street Milton, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Rare 0.45‑acre double waterfront lot on Mulat Bayou with 100 feet of waterfront, offering potential to build two homes.; Utilities already in place: water onsite, sewer tap installed, 200‑amp electrical service with outlets, and an additional 30‑amp service panel.; Groundwork completed: cleared property, survey, geotechnical report, soil testing, and elevation certificate with no reported issues.