7001 & 7005 Old Spanish Trail Rd, Milton, FL, 32570
About This Home
Rare waterfront opportunity offering 200 feet of deep-water frontage, ideal for boating, fishing, kayaking, and swimming—right from your backyard. This unique property features a licensed marina with 15 slips and significant potential for expansion, making it an excellent opportunity for investors or owner-operators looking to generate additional income. With vision and a little TLC, the possibilities are wide open: expand the marina, add additional slips, or explore future waterfront business opportunities. The 1,357-square-foot home provides comfortable living with flexibility for an owner, on-site manager, or potential rental income. The property also includes a 380 square foot enclosed patio and a 200 square foot workshop, adding functional space for storage, hobbies, or marina operations. Located just 3 minutes from Downtown Milton, 34 minutes to Downtown Pensacola, 44 minutes to Pensacola Beach, and 48 minutes to NAS Pensacola, this property offers a rare combination of waterfront lifestyle, business potential, and convenient access to the Gulf Coast. Enjoy the marina lifestyle while creating income and building something special on the water. Opportunities like this are hard to find in this area.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1993
Materials
- Foundation: Off Grade
- Roof: Metal
- Construction materials: Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Gas Water Heater,Dryer,Washer,Dishwasher,Freezer,Microwave,Refrigerator,Self Cleaning Oven
- Laundry features: Inside,W/D Hookups
Bathroom
- Level: First
- Area: 61.1389
Bedroom
- Level: First
- Area: 130
Bedroom1
- Level: First
- Area: 131.9097
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Level: First
- Area: 177.9722
Features
- Baseboards,Ceiling Fan(s),High Speed Internet,Vaulted Ceiling(s),Smart Thermostat
- Flooring: Hardwood
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air,Ceiling Fan(s)
Interior Area
- Total structure area: 1,357
- Total interior livable area: 1,357 sqft
Kitchen
- Level: First
- Area: 106.2569
Living Room
- Level: First
- Area: 152.25
Master Bedroom
- Level: First
- Area: 226.2361
Property
Details
- Parcel number: 021n280000109000000
- Zoning description: Commercial,Mixed Residential Subdiv
Features
- Levels: One
- Stories: 1
- Entry location: Ground Floor
- Pool features: None
- Exterior features: Dock,Boat Slip,Boat Slip Utilities
- Has view: Yes
- View description: Bay,Bayou,River,Water
- Has water view: Yes
- Water view: Bay, Bayou, River, Water
- On waterfront: Yes
- Waterfront features: Bayou,River Front,Waterfront,Block/Seawall,Boat Launch,Pier
Lot
- Lot size: 2.50 Acres
- Features: Cul-De-Sac
Parking
- Total spaces: 2
- Parking features: 2 Car Carport,Front Entrance,Guest,RV Access/Parking
- Covered spaces: 2
- Carport: Yes
- Carport spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Coastal Flooding
- Hurricane
- Tornado
- Cold Wave
- Heat Wave
- Inland Flooding
- Wildfire
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Rosa County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,033 | $36,396 |
| Home Insurance * | $607 | $7,284 |
| Property Taxes | $300 | $3,600 |
| Electricity | $197 | $2,366 |
| Total | $4,137 | $49,644 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-16 | Listed for sale | $615,000 |
| 2026-01-30 | Listing removed | $630,000 |
| 2026-01-09 | Price change | $630,000 |
| 2025-10-28 | Price change | $650,000 |
| 2025-09-23 | Price change | $675,000 |
| 2025-03-28 | Price change | $721,000 |
| 2024-01-19 | Listed for sale | $751,000 |
| 2023-12-21 | Contingent | $751,000 |
| 2023-11-17 | Price change | $751,000 |
| 2023-08-27 | Price change | $775,000 |
| 2023-06-28 | Price change | $799,000 |
| 2023-03-24 | Price change | $825,000 |
| 2022-12-09 | Price change | $849,000 |
| 2022-09-22 | Listed for sale | $870,000 |
| 2022-07-22 | Listing removed | -- |
| 2022-06-23 | Listed for sale | $870,000 |
For Sale by Agent
View on Zillow