Owner will consider splitting parcels for less acreage. Prime development opportunity with 38± acres of wooded land located along Highway 87 South in Milton, near the Yellow River Bridge. This unique property offers approximately 34 acres on the west side of Hwy 87 and an additional 4.85 acres on the east side, providing excellent visibility and access along this growing corridor. The property features a natural wooded setting with a lake for fishing in the 22 acres section, offering potential for creative site planning while maintaining privacy and natural surroundings. Currently zoned AGRR with potential for commercial rezoning, making it an attractive option for investors, developers, or businesses looking to establish a presence along this high-traffic highway. Conveniently located south of the interstate and near the entrance to the Eglin Reservation, this property sits in an area experiencing continued growth and development. With significant road frontage and flexible possibilities for future use, this parcel offers excellent potential for commercial, mixed-use, or long-term investment. Current survey and wetlands report available upon request. This property being sold with neighboring property which is 9.98 acres to make it a total of 48.3. Reach out today on this gem. Beautiful property.
Vacant landProperty Type
38.34 acresLot Size
$15,623Price/Acres
Listed by Teresa Mclellan• SUN QUEST PROPERTIES OF NWF,I
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Vacant Land
County
Santa Rosa County
APN
221N270000001000000
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Last updated by owner on Aug 28, 2026.
AG-RR
Rural Residential Agriculture District
To provide suitable areas for low density residential development. This district is characterized by single family detached structures and such other structures that are accessory to the residence. This district may also include conditional uses for community facilities and utilities that service specifically the residents of this district or which are benefited by and compatible with a rural residential and farming environment. The allowable density for Rural Residential Agriculture is 1 dwelling unit per acre.
Permitted uses
Include but are not limited to:
Agriculture
Livestock production
Garden center
Housing-Group
Housing-Single unit
Housing-Mobile home park
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
4/10 Fire Factor
3% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 105° expected this year, 21 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Sun exposure
49/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
6 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 0 S Hwy 87
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