|
This is an assignment of contract.
Discover the opportunity to own a spacious 1. 5-acre corner lot on Austin Dr in beautiful Milton—a growing community that perfectly balances peaceful, rural charm with everyday convenience. Positioned on a paved road with electricity available, this property is well-suited for those ready to build now or invest for the future as the area continues to expand.
This property offers the kind of space and freedom that’s becoming increasingly rare. With 1. 5 acres, you have room to design a custom home, add a workshop, park your RV or boat, or simply enjoy the privacy that comes with owning land. The corner lot location adds flexibility for access and layout, making it even more appealing for a variety of building plans.
Families will appreciate proximity to local schools such as Milton High School, King Middle School, and W. H. Rhodes Elementary School, while healthcare needs are easily met with Santa Rosa Medical Center just a short drive away. For outdoor enjoyment, nearby Carpenter Park offers green space and a dog-friendly area, perfect for relaxing afternoons and time with pets.
The location also makes commuting and travel simple, with quick access to U. S. Route 90 and Interstate 10, connecting you to Pensacola and beyond. Whether you're heading to the Gulf Coast beaches, dining, or entertainment, everything is within reach. Air travel is convenient with Pensacola International Airport nearby, along with Naval Air Station Whiting Field, adding to the area's accessibility and appeal.
Owning land here means more than just a place to build—it’s an opportunity to create a lifestyle. Enjoy quiet surroundings, open space, and the flexibility to live the way you want, while still being close to essential amenities. Whether you’re planning your forever home or looking for a smart long-term investment, this Milton property offers both potential and value in a steadily growing market.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$26,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $20,800 | $20,800 | $20,800 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.284% | 5.595% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $121 | $126 | $169 |
| Total Monthly Payment | $196 | $201 | $244 |
* 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.