Positioned at the front door of Milton's transformative Courthouse Redevelopment District, this A±1.35-acre assembled waterfront offering presents one of the most significant mixed-use development opportunities in Northwest Florida's emerging downtown markets. Located on Willing Street with direct frontage on the Blackwater River, the site forms the critical riverfront terminus of the City's planned walkable urban core and is immediately adjacent to the proposed civic, residential, and commercial redevelopment of the former Santa Rosa County Courthouse property.
This offering includes two contiguous parcels totaling approximately 58,800 square feet, providing the scale, zoning, and visibility required for a signature project. With D-CM zoning already in place, the property is ideally suited for a boutique hotel, waterfront restaurant and entertainment venue, mixed-use residential over retail, townhomes, or a vertical live-work environment. The location at the end of the reconnecting street grid and along the planned riverwalk and public gathering spaces positions the site as the natural activation point for dining, hospitality, and destination retail within the district.
The surrounding redevelopment initiative is expected to introduce new residential density, adaptive reuse of the historic courthouse, structured parking, and a pedestrian-oriented public realm that connects downtown Milton directly to the riverfront. As the only privately controlled waterfront assemblage within the immediate project area, the property offers unmatched long-term leverage for developers seeking to establish a landmark presence in a supply-constrained, high-barrier downtown setting.
The site is currently vacant, with approximately 0.67 and 0.68 acres per parcel, and is located within FEMA Flood Zone AE (BFE available), making it well suited for elevated or podium construction consistent with modern coastal and waterfront development practices.
For sale
$520,000
5148 Willing St, Milton, FL 32570
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0baths
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Other
Built in ----
1.35 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 118 days |
- 142 |
- 4 |
Zillow last checked:
Listed by:
Dean Cooledge,
Keller Williams Realty Gulf Coast 850-471-5000
Source: REALSTACK,MLS#: 100469
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Facts & features
Interior
Property
Lot
- Size: 1.35 Acres
Details
- Parcel number: 031N2825300410000B0
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Other
Community & HOA
Location
- Region: Milton
Financial & listing details
- Tax assessed value: $195,030
- Annual tax amount: $2,842
- Date on market: 3/6/2026
- Lease term: Contact For Details
Estimated market value
Not available
Estimated sales range
Not available
$1,656/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Listed for sale | $520,000-8.6% |
Source: REALSTACK #100469 Report a problem | ||
| 1/28/2024 | Listing removed | -- |
Source: | ||
| 4/27/2023 | Listed for sale | $569,000+26.4% |
Source: | ||
| 2/15/2022 | Sold | $450,000+150% |
Source: Agent Provided Report a problem | ||
| 11/7/2006 | Sold | $180,000+44% |
Source: Public Record Report a problem | ||
| 11/3/2005 | Sold | $125,000+257.1% |
Source: Public Record Report a problem | ||
| 7/21/1998 | Sold | $35,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,842 -1% | $195,030 |
| 2023 | $2,871 +115.9% | $195,030 +216.5% |
| 2022 | $1,330 +51.7% | $61,629 +10% |
| 2021 | $876 -1.6% | $56,026 |
| 2020 | $890 -1.4% | $56,026 |
| 2019 | $903 | $56,026 |
| 2018 | $903 +148.5% | $56,026 +177.5% |
| 2017 | $364 | $20,192 |
| 2016 | $364 +11.1% | $20,192 |
| 2015 | $327 -2.2% | $20,192 |
| 2014 | $335 | $20,192 +5.3% |
| 2013 | -- | $19,182 |
| 2012 | -- | $19,182 -10% |
| 2011 | -- | $21,314 -16.7% |
| 2008 | -- | $25,577 |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 32570
Nearby schools
GreatSchools rating
- 5/10Bagdad Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 5/10Hobbs Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Milton High SchoolGrades: 9-12Distance: 1.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Santa Rosa County
- Milton
- 32570
- 5148 Willing St






