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5148 Willing St, Milton, FL, 32570

--beds
0baths
--sqft
$520,000
--price/sqft
$3,967/moest. monthly cost
$158,680/yrincome needed

About This Home

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.

Getting Around

49
WalkingCar-Dependent
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

5/10
Bagdad Elementary SchoolGrades PK-51.6 mi
5/10
Hobbs Middle SchoolGrades 6-81.9 mi
4/10
Milton High SchoolGrades 9-121.1 mi

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Other

Property

Details

  • Parcel number: 031N2825300410000B0

Lot

  • Lot size: 1.35 Acres

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

  • Hurricane
    HurricaneRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Coastal Flooding
Inland Flooding
Lightning
Tornado
Tsunami

FEMA Declared Disasters in Santa Rosa County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

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

MonthlyAnnual
Mortgage $2,629$31,548
Home Insurance *$526$6,312
Property Taxes $615$7,380
Electricity $197$2,366
Total$3,967$47,604
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$136,011/yr
40% on housing$119,010/yr
45% on housing$105,786/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

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.

Insurance Growth Rate5-year average: 15.5%
15.5%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 32570$148
Santa Rosa County$213

vs Homes Sold Last Month

Median $/sqft

ZIP 32570$166
Santa Rosa County$191

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)

Price History

DateEventPrice
2026-03-06Listed for sale$520,000
2024-01-28Listing removed--
2023-04-27Listed for sale$569,000
2022-02-15Sold$450,000
2006-11-07Sold$180,000
2005-11-03Sold$125,000
1998-07-21Sold$35,000

For Sale by Agent

AgentDean Cooledge
BrokerageKeller Williams Realty Gulf Coast

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