4877 Mulatto Bayou Dr, Milton, FL 32583

This exceptional 10-acre waterfront property in Milton, Florida, boasts approximately 1400 feet of waterfront access on Mulatto Bayou, a navigable waterway leading to the Gulf of Mexico. Conveniently situated between Pensacola and Milton, this location offers 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, with a minimum lot size of 1/4 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. This presents a unique opportunity for residential or commercial development in a highly desirable location. The property's size, waterfront access, and strategic location make it an attractive investment.