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    Waterfront Land with Boat House Title is generated by Realmo AI

    7524 Petersen Pt Rd, Milton, FL 32583

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    For Sale
    $315,000

    LAND - Milton, FL

    Lot size:
    2.40 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 7524 Petersen Pt Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    241N280000002010000
    Lot size
    2.40 Acres

    Taxes and HOA fees

    Tax Description
    *DESCRIPTION UPDATE FOR 2022* BEG AT 1740 FT W & 200 FT S OF NE SEC CORN OF SECTION 24 TOWNSHIP 1 NORTH RANGE 28 WEST THN S 350 FT TH W 329 FT+/- TO E R/W OF RD THN N ON R/W 350 FT THN E 290.5 FT TO POB AS DES IN OR 4392 PG 1216 LYING EAST OF CO RD AS PRESENTLY LOCATED

    Utilities

    Water source
    Public
    Water front features
    Beach Access
    Water front
    1

    We can help!

    Listing Contact
    Lavada Mcintyre, Llc

    Listing agent Lavada Mcintyre, Llc

    Listing office Century 21 BE3 14995 Gulf Blvd, Ste D1, FL

    Listing date Jun 1, 2026

    MLS# 683525 Listing URL

    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.

    HighLights

    • 2.4‑acre cleared R1M‑zoned waterfront property between Black Water Bay and Ward Basin, with beach access and public water.
    • Accessible by east‑side canal running 2–6' deep to Ward Basin for deep‑water access to Blackwater Bay, East Bay, Escambia Bay and Pensacola Bay.
    • Three entry points from Petersen Point Rd, including a 250' x 12' gravel driveway and a 65' x 25' concrete pad.
    • On‑site structures include a 24' x 24' shed and a 20' x 14' boat house; pilings are intact (will need to be shored up).
    • Includes a boat launch for John boats, canoes, and kayaks on the property.
    • Surveys available (topographical, geo‑tech, subsurface, boundary & mean high waterline); utility pole on the SW corner.

    Overview

    This cleared waterfront parcel totals 2.4 acres and is zoned R1M. The property includes a small gravel driveway that leads to a concrete pad, along with a 24' x 24' shed and a 20' x 14' boat house. The boat house is tucked for privacy; it will need to be shored up, though the pilings are intact. A utility pole is located on the southwest corner, and the site includes 3 separate entry points from Petersen Point Rd.

    The land sits between Black Water Bay and Ward Basin, just south of and outside the city limits of (East) Milton, FL. It overlooks Ward Basin to the east and is described as accessible via a canal on the east side of the property. The canal is reported as 2–6' deep and leads out to Ward Basin, which in turn provides deep water access to Blackwater Bay, East Bay, Escambia Bay, and Pensacola Bay.

    The site is suited for an owner-builder seeking waterfront frontage with existing improvements in place, including a boat-focused setup and an on-property launch for John boats, canoes, and kayaks. Supporting reports are available, including topographical, geo-tech, subsurface, boundary, and mean high waterline surveys, which can help streamline due diligence for a home or fishing-oriented use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Department Store Food Market Grocery & Convenience Store Bar & Pub Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milton
    County
    Santa Rosa
    State
    Florida
    Longitude
    -87.0031114
    Latitude
    30.5851686

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    FAQs

    What type of property is this?
    Waterfront Land - Cleared R1M zoned waterfront lot with concrete pad, shed, and a boat house plus on-site launch access.
    Where is this waterfront land located?
    The property is located at 7524 Petersen Pt Rd Milton, FL.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: 2.4‑acre cleared R1M‑zoned waterfront property between Black Water Bay and Ward Basin, with beach access and public water.; Accessible by east‑side canal running 2–6' deep to Ward Basin for deep‑water access to Blackwater Bay, East Bay, Escambia Bay and Pensacola Bay.; Three entry points from Petersen Point Rd, including a 250' x 12' gravel driveway and a 65' x 25' concrete pad.
    (800) 541-9923
    We can help!
    Listing Contact
    Lavada Mcintyre, Llc
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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