




5148 Willing St, Milton, FL, 32570
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
Schools
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
- Coastal Flooding
- Inland Flooding
- Lightning
- Tornado
- 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 | $2,629 | $31,548 |
| Home Insurance * | $526 | $6,312 |
| Property Taxes | $615 | $7,380 |
| Electricity | $197 | $2,366 |
| Total | $3,967 | $47,604 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-06 | Listed for sale | $520,000 |
| 2024-01-28 | Listing removed | -- |
| 2023-04-27 | Listed for sale | $569,000 |
| 2022-02-15 | Sold | $450,000 |
| 2006-11-07 | Sold | $180,000 |
| 2005-11-03 | Sold | $125,000 |
| 1998-07-21 | Sold | $35,000 |
