tomo logo

$410,000

Beds
3
Baths
2.5
sq ft
1,248

7649 River Rd, Milton, FL 32583

7649 River Rd

Milton, FL 32583

  • <1 day on market
This extraordinary 1.87-acre waterfront peninsula is beautifully situated on the only island in Milton: Paradise Island. Complete with its own sandbar and 3 sided waterfront, you can enjoy more than 500’ of frontage. The ideal spot to travel by bass boat or kayak to the Blackwater River or Annie’s Basin via the natural, spring fed Marshall Lake. Stop to fish, swim, kayak, canoe or explore Marshall Lake with the paddle boat (which conveys)! This home, on stilts and secured on a concrete slab, has plenty of wrap-around, covered outdoor living, illuminated with LED lighting. To the rear is an expansive area currently set up as an outdoor entertainment area to watch a movie, relax and enjoy a cold beverage (fridge conveys)! Downstairs, there is a garage, currently used as a fitness room and storage area that provides endless potential, a separate shop to the rear with tons of shelving and workspace, and a half bath in between. Metal roof-covered stairs and a 1,500 lb capacity elevator lead up to the indoor living area of the home, which has custom dark oak kitchen cabinets, custom features, a Florida with room with built in hot tub and much more. There are three outbuildings; the first is a detached living space/guest house currently being used as an air-conditioned 3rd bedroom. This custom elevated structure, built by Elite Portable Buildings, is certified to Florida Wind Code and inspected by Top Line Engineering, LLC in 2021. This structure is fully insulated with top-of-the-line spray foam insulation, custom flooring, beadboard wall coverings, a custom loft with joist support, a wood slat ceiling and skylight. The second is a covered Class A RV pad with extra thick poured concrete slab, complete with 30 amp service and a sceptic hook up/dump station. The third is a large, elevated metal building on flotation foam with anchor- point system. You owe it to yourself to own this waterfront sanctuary and with a low interest rate, assumable mortgage, we can make it happen!

Details

Property type

Single Family Residence

Est. home value

$397,387

Lot size

1.87 acres

Price per sq ft

$329

Year built

1982

HOA

No

Price History

03/11/2025
Pensacola

Pensacola #660574

Listed
$410,000
+7.92%
10/07/2024
Pensacola

Pensacola #648233

Removed
$379,900
09/28/2024
Pensacola

Pensacola #648233

Price change
$379,900
-2.34%

Schools & Community

Elementary school: 

East Milton

Middle school: 

King

High school: 

Milton

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$50,724
Asking price
$410,000
Closing costs (~8% of asking)
-$32,800
Est. remaining loan balance
-$326,476
Cash to seller
$50,724

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Pacific Sun Mortgage

Loan start date

October 2021

Original loan amount

$352,398

Est. remaining balance

$326,476

Interest rate

2.87%

Loan type

FHA, 30 year

Seller

Patrick Michael Maddox and Jennifer L Maddox

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/12/2025 at 7:10 AM

Listing updated: 03/11/2025 at 10:55 PM

Listed by: Beth Ann Greika, Carrie Fitts Real Estate Phone #: (205) 619-3277

MLS: Pensacola #660574

Pensacola logo

Recently listed in Milton

$364,900|3 bd|2.0 ba|House
$399,900|4 bd|2.0 ba|House
$410,000|3 bd|2.5 ba|House
$94,900|3 bd|1.0 ba|House
$339,999|3 bd|2.5 ba|House
$230,000|3 bd|2.0 ba|House
$330,900|4 bd|2.0 ba|House