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5658 Highway 90 50.8 Acres of Residential Land Offered at $5,805,000 in Milton, FL 32571
INVESTMENT HIGHLIGHTS
- Turnkey Investment
EXECUTIVE SUMMARY
Rare ±50.8-acre residential development opportunity at 5658 Hwy 90, Pace, FL 32571. Zoned R-1 (Single-Family Residential), the property is a true turnkey investment with permits in place and a completed preliminary plat with 172 lots, significantly reducing entitlement timelines and development risk. This offering is ideal for builders or investors seeking a streamlined path to delivering new homes in one of Santa Rosa County’s fastest-growing markets. The site is located on the north side of Highway 90 and is conveniently positioned near established shopping, dining, military employment centers, and highly regarded schools.
Entitlement, Permits and Deliverables Include:
Santa Rosa County approved Preliminary Plat
Santa Rosa County approved Construction Plans (Development Order)
Pace Water System approval of Potable Water and Sewer System and connections
FDEP Permits for the Potable Water and Sewer System
FDOT Utility Permit for crossing Highway 90 with the sewer force main
Northwest Florida Water Management District ERP Permit which includes stormwater and wetlands
FDEP Section 404 Permit for wetlands
Entitlement, Permits and Deliverables Include:
Santa Rosa County approved Preliminary Plat
Santa Rosa County approved Construction Plans (Development Order)
Pace Water System approval of Potable Water and Sewer System and connections
FDEP Permits for the Potable Water and Sewer System
FDOT Utility Permit for crossing Highway 90 with the sewer force main
Northwest Florida Water Management District ERP Permit which includes stormwater and wetlands
FDEP Section 404 Permit for wetlands
PROPERTY FACTS
| Price | $5,805,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 50.80 AC |
| Property Type | Land | ||
| Zoning | R1 | ||
| Price | $5,805,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 50.80 AC |
| Zoning | R1 |
1 LOT AVAILABLE
Lot
| Price | $5,805,000 | Lot Size | 50.80 AC |
| Price Per AC | $114,262.66 |
| Price | $5,805,000 |
| Price Per AC | $114,262.66 |
| Lot Size | 50.80 AC |
1 1
PROPERTY TAXES
| Parcel Number | 07-1N-28-0000-01525-0000 | Improvements Assessment | $0 |
| Land Assessment | $853,507 | Total Assessment | $853,507 |
PROPERTY TAXES
Parcel Number
07-1N-28-0000-01525-0000
Land Assessment
$853,507
Improvements Assessment
$0
Total Assessment
$853,507
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5658 Highway 90
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