This is one of the most extraordinary waterfront properties on the Florida Gulf Coast, a 40.28 acre private island in the heart of Milton, surrounded by the pristine waters of the Blackwater River. Rarely does an opportunity arise to own an island of this scale entirely within city limits, offering unmatched privacy, natural beauty, and long-term investment potential in one of Northwest Florida’s fastest growing markets. Hidden beneath a canopy of mature hardwoods and native timber, this remarkable island delivers the feeling of a remote wilderness retreat while remaining just minutes from downtown Milton, shopping, dining, schools, medical facilities, and Interstate 10. Whether envisioned as a private family compound, luxury waterfront estate, eco-tourism destination, corporate retreat, conservation sanctuary, or future development opportunity, the possibilities here are truly limitless. Positioned along the historic Blackwater River, renowned for its dark tannin-rich waters, exceptional fishing, kayaking, boating, and wildlife, the property offers a setting that is both peaceful and unforgettable. The view of downtown Milton makes this Island a true hidden gem. Large private islands within Florida city limits are exceptionally rare, especially properties offering this level of acreage, waterfront exposure, and strategic location. Conveniently located near downtown Milton, Peter Prince Field, Downtown Pensacola, and the sugar-white beaches of the Florida Gulf Coast, this property combines natural Florida beauty with strong future upside. This is more than just land. It is a legacy property, a private sanctuary, and a once-in-a-generation opportunity to own a true island retreat in Northwest Florida.
Lot/land
Price cut: $51K (8/31)
$1,499,000
0 Broad St, Milton, FL 32570
--beds
--baths
40.28Acres
Unimproved Land
Built in ----
40.28 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Waterfront exposureEntirely within city limits
- 152 days
- 259
- 16
Zillow last checked:
Listing updated:
Listed by:
Robert Jones 901-488-2405,
Levin Rinke Realty,
Jordan Jones 850-361-8170,
Levin Rinke Realty
Source: PAR,MLS#: 682356
Facts & features
Interior
Features
- Has basement: No
Property
Features
- On waterfront: Yes
- Waterfront features: River Front, Waterfront
Lot
- Size: 40.28 Acres
Details
- Parcel number: 342n280000161000000
- Zoning description: Res Multi,Res Single
Utilities & green energy
- Electric: None
- Sewer: None
- Water: None
Community & HOA
Community
- Features: Dock, Fishing, Picnic Area
- Subdivision: None
Location
- Region: Milton
Financial & listing details
- Price range: $1.5M - $1.5M
- Date on market: 5/9/2026
- Cumulative days on market: 153 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Price change | $1,499,000-3.3% |
Source: | ||
| 5/9/2026 | Listed for sale | $1,550,000 |
Source: | ||
| 5/1/2026 | Listing removed | $1,550,000 |
Source: | ||
| 12/15/2025 | Price change | $1,550,000-3.1% |
Source: | ||
| 11/11/2025 | Price change | $1,600,000-8.6% |
Source: | ||
| 8/11/2025 | Price change | $1,750,000-7.9% |
Source: | ||
| 6/2/2025 | Listed for sale | $1,900,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 32570
Nearby schools
Schools provided by the listing agent
- Elementary: W. H. Rhodes
- Middle: KING
- High: Milton
Source: PAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




