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$1,499,000 -$51,000 (-3.29%) Price Reduced
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Property Description
This is one of the most extraordinary waterfront properties on the Florida Gulf Coast, a 40.28 acre private island in the heart of Milton, surrounded by the pristine waters of the Blackwater River. Rarely does an opportunity arise to own an island of this scale entirely within city limits, offering unmatched privacy, natural beauty, and long-term investment potential in one of Northwest Florida's fastest growing markets. Hidden beneath a canopy of mature hardwoods and native timber, this remarkable island delivers the feeling of a remote wilderness retreat while remaining just minutes from downtown Milton, shopping, dining, schools, medical facilities, and Interstate 10. Whether envisioned as a private family compound, luxury waterfront estate, eco-tourism destination, corporate retreat, conservation sanctuary, or future development opportunity, the possibilities here are truly limitless. Positioned along the historic Blackwater River, renowned for its dark tannin-rich waters, exceptional fishing, kayaking, boating, and wildlife, the property offers a setting that is both peaceful and unforgettable. The view of downtown Milton makes this Island a true hidden gem. Large private islands within Florida city limits are exceptionally rare, especially properties offering this level of acreage, waterfront exposure, and strategic location. Conveniently located near downtown Milton, Peter Prince Field, Downtown Pensacola, and the sugar-white beaches of the Florida Gulf Coast, this property combines natural Florida beauty with strong future upside. This is more than just land. It is a legacy property, a private sanctuary, and a once-in-a-generation opportunity to own a true island retreat in Northwest Florida.
Full Property Details
Full Property Details for 0 Broad St
General
- Price: $1,499,000
- Status: Active
- Type: Acreage
- Source: Pensacola
- MLS ID: 682356
- Updated: 8/31/2026
- Added to Site: 115 day(s) ago
Additional Information
- Shared Amenities: Dock, Fishing, Picnic Area
Location
- County: Santa Rosa
- Driving Directions: The Island is located in the Blackwater River between Carpenter Park and Russell Harbor
School Information
- Elementary School: W. H. Rhodes
- Middle School: KING
- High School: Milton
Utilities
- Sewer: None
- Water: None
Lot Features
- Lot Size (Acres): 40.28
- Zoning: Res Multi, Res Single
Water Features
- Water Front: Yes
- Water Front Desc.: River Front, Waterfront
Financial Considerations
- Price Per Sq. Ft.: $37,214.5
Disclosures and Reports
- Property ID: 342N280000161000000
Listed by Levin Rinke Realty
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Price & Sales History for 0 Broad St
Date
Details
Price
Change
Source
8/31/2026
Price Reduced
$1,499,000
-3.29%
MLS
5/09/2026
Listed
$1,550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 0 Broad St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$83
12%
$4,736
—
2023
$74
10%
$4,736
29%
2022
$67
20%
$3,670
158%
2021
$56
-10%
$1,420
—
2018
$62
5%
$1,420
—
2019
$59
-8%
$1,420
—
2017
$64
178%
$1,420
—
2016
$23
-4%
$1,420
—
2015
$24
—
$1,420
—
2014
$24
-20%
$1,420
-19%
2013
$30
—
$1,754
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 0 Broad St
0 Broad St, Milton, FL 32570 (MLS# 682356) is a Acreage property with a lot size of 40.28 acres. 0 Broad St is currently listed for $1,499,000 and was received on May 09, 2026. Want to learn more about 0 Broad St? Do you have questions about finding other Acreage real estate for sale in Milton? You can browse all Milton real estate or contact a Coldwell Banker agent to request more information.

