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This is an assignment of contract. . . Discover the rare opportunity to own 1. 44 acres on Pearson Road in Milton, Florida, offering the space, flexibility, and location today’s buyers are searching for. Situated on a paved road with electricity nearby, this property provides a strong foundation for building a custom home while enjoying privacy, room to spread out, and the freedom that comes with larger acreage. Zoned R-1, the property is designated for single-family residential use, allowing for a site-built home and a traditional neighborhood-style setting, making it ideal for a primary residence or long-term investment in one of Santa Rosa County’s steadily growing areas.
This location blends peaceful living with everyday convenience. The property is served by highly regarded Santa Rosa County schools, including W. H. Rhodes Elementary School, King Middle School, and Milton High School. Daily essentials are close by with Publix, Walmart Supercenter, and Winn-Dixie all just minutes away in Milton and nearby Pace. Outdoor enthusiasts and pet owners will appreciate access to Whiting Field Dog Park, the scenic Blackwater Heritage State Trail, and the Blackwater River State Forest, offering miles of trails, paddling, and natural beauty.
Healthcare access is excellent, with Santa Rosa Medical Center located right in Milton and Ascension Sacred Heart Hospital in Pensacola providing comprehensive medical services. Commuters and travelers benefit from proximity to major roadways including U. S. Highway 90, Interstate 10, and State Road 87, connecting you efficiently to Pace, Navarre, Pensacola, Gulf Breeze, and the Emerald Coast beaches. Pensacola International Airport is approximately 30 minutes away, with Destin–Fort Walton Beach Airport also within easy reach.
Milton’s vibrant community atmosphere adds to the appeal, hosting popular local events such as the Scratch Ankle Festival, Bands on the Blackwater, and Riverwalk Arts Festival, all celebrating the area’s rich history, arts, and outdoor lifestyle. With its generous acreage, desirable zoning, paved access, and prime location near schools, shopping, healthcare, and major travel routes, this Pearson Road property stands apart from other available lots and presents a compelling opportunity to build and invest in one of Northwest Florida’s most livable and accessible communities.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$45,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $36,000 | $36,000 | $36,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $204 | $216 | $287 |
| Total Monthly Payment | $279 | $291 | $362 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.