34.9 Acre Waterfront Development Site

4897 Mulatto Bayou Drive Milton, FL 32583

4897 Mulatto Bayou Drive, Milton, FL, 32583
Water View
4897 Mulatto Bayou Drive, Milton, FL, 32583
FOR SALE
Property Type:
Residential Land Development
Amount:
$1,750,000
Last Verified:
Mar 25, 2021

Highlights

  • Over 1,600 feet of Spectacular Waterfront
  • Close to I-10, Avalon Blvd, Shopping, and Services
  • Zoned R1 (4 units/acre) and RR1 (2 units/acre)
  • Potential for 98 Lots Based on Zoning
  • Breathtaking Sunrises and Sunsets
  • Mature Oaks, Pecan, and Magnolia Trees

Description

ATTENTION DEVELOPERS - SVN Southland Commercial is proud to present this spectacular 34.9 acre waterfront site with over 1,600 feet of frontage on picturesque Mulatto Bayou. The site is comprised of 7 tax parcels with 15.39 acres zoned R1 (Single Family, allowable density of 4 units per acre) and 18.7 acres zoned RR1 (Rural Residential Single Family, allowable density of 2 units per acre). Based on the current zoning, this property could potentially accommodate up to 98 residential lots. The property includes breathtaking water views, a variety of mature oaks draped with Spanish moss, as well as pecan and magnolia trees. This is the perfect southern location for an upscale waterfront community or use as a secluded family retreat and enjoy the spectacular sunrises and sunsets! Property includes an older house located at the southern portion of the site that is currently occupied by caretaker, to be sold "as is". All information deemed accurate but shall be verified by Buyer and/or Buyer's Agent. Please contact Lisa Bradley for additional information or to schedule a tour!



































































































































































































































































































































































































































































































































































































































































































































































































































































































This prime development site is located south of the City of Milton, west of Avalon Boulevard, and east of Escambia Bay along the southeast side of McMillan Road extending to the protected waters of Mulatto Bayou. The property is located across the street from the Destiny Marina and southwest of the Bernath Place residential subdivision, and has convenient access to Interstate 10 (major freeway that extends from California to eastern Florida) and Avalon Boulevard (a major thoroughfare providing access to I-10 from the City of Milton to the north and Pensacola Beach and Gulf Breeze to the south). Mulatto Bayou is located off of Escambia Bay, which provides deep water access to Pensacola Bay, the Santa Rosa Sound, and the Gulf of Mexico to the south.

Lot Size: 34.9 acres

Map of 4897 Mulatto Bayou Drive, Milton, FL, 32583

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.