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$725,000

Beds
4
Baths
2.0
sq ft
2,160

4897 Mulatto Bayou Dr, Milton, FL 32583

4897 Mulatto Bayou Dr

Milton, FL 32583

  • 117 days on market
    • Price drop $25,000↓
Come and immerse yourself in the natural beauty of this waterfront 3.7-acre dream location with sunrise and sunset views of the glimmering bayou. Whether you are seeking a personal retreat, or outdoor getaway, this perfectly secluded location is available with additional acreage if desired. The +/-500 feet of waterfrontage allow for navigable access from Mulatto Bayou to the Gulf, Escambia Bay, and Escambia River while also providing access to the surrounding oak forest and views of the estuarine inlet adjacent to this property. 30 minutes by boat to the beach and easily accessible to I-10 for convenience. Improvements to the site include power, pace water, septic, and pilings from previous dock/ pier. The existing 4-bedroom, 2-bathroom structure is currently used as a waterfront hunting and fishing lodge and will require improvements. This site presents a great investment opportunity if you chose to renovate or raise the structure to rebuild. Current R-1 zoning on the property allows 4 units per acre. Adjoining parcels on both sides of the property are available for sale, giving the entire site a total of +/-10 acres. Package deal for all three parcels totaling +/- 10 acres with +/-1,400 feet of water frontage.

Details

Property type

Single Family Residence

Lot size

3.7 acres

Price per sq ft

$336

Year built

1982

HOA

No

Price History

02/28/2025
Pensacola

Pensacola #656048

Price change
$725,000
-3.33%
12/06/2024
Pensacola

Pensacola #656048

Listed
$750,000

Schools & Community

Elementary school: 

Bennett C Russell

Middle school: 

Avalon

High school: 

Milton

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Status: Active

Tomo last checked: 04/02/2025 at 10:30 PM

Listing updated: 03/27/2025 at 11:38 AM

Listed by: Melissa Simpson, Coldwell Banker Commercial NRT Phone #: (850) 432-5320

MLS: Pensacola #656048

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