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$899,000
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Property Description
Rare opportunity to acquire 2.4± acres in one of Pace's fastest-growing corridors. Ideally positioned along Highway 90 with approximately 200 feet of road frontage and exposure to 33,000± vehicles per day, this site offers exceptional visibility and accessibility. Located less than one block from the Pea Ridge Connector, the property sits in the center of a rapidly expanding area surrounded by strong retail, dining, educational, and residential growth. Nearby destinations include Lowe's, Walmart, Home Depot, Santa Rosa Commons, West Florida Regional Medical Center, Pensacola State College (Milton Campus), Sonny's BBQ, IHOP, and multiple new subdivisions. A new Caliber Collision Center is located directly adjacent to the property, further reinforcing traffic flow and demand. The property is well-suited for multi-family and mixed-use development opportunities with ingress and egress already installed helping reduce upfront development costs. With high traffic counts, excellent frontage, and a strategic location in the Pace/Milton growth corridor, this site offers outstanding long-term potential for developers and investors.
Full Property Details
Full Property Details for 5321 US Hwy 90
General
- Price: $899,000
- Status: Active
- Type: Acreage
- Source: Pensacola
- MLS ID: 640969
- Updated: 1/30/2026
- Added to Site: 767 day(s) ago
Location
- County: Santa Rosa
- Driving Directions: Head East on Hwy 90, the property is located on the south side between Lowes and Sherwin Williams. Less than one block Southeast of the Pea Ridge Connector.
School Information
- Elementary School: Bennett C Russell
- Middle School: AVALON
- High School: Pace
Utilities
- Sewer: Public Sewer
- Water: Public
Lot Features
- Lot Size (Acres): 2.4
- Lot Dimensions: 199 x 597
Financial Considerations
- Price Per Sq. Ft.: $374,583.33
Disclosures and Reports
- Property ID: 131N290000008000000
Listed by Ross And Co.
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Schools
Schools serving 5321 US Hwy 90
School District:Santa Rosa County School District
| Name | Grades | Distance |
|---|---|---|
Bennett C Russell Elementary School 3740 Excalibur Way, Milton, FL 32583 | PK-5 | 2.2 mi |
Avalon Middle School, Milton, FL 5445 King Arthurs Way, Milton, FL 32583 | 6-8 | 2.2 mi |
Pace High School 4065 Norris Road, Pace, FL 32571 | 9-12 | 3.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5321 US Hwy 90
Date
Details
Price
Change
Source
12/08/2025
Price Increased
$899,000
5.89%
MLS
8/22/2025
Price Reduced
$849,000
-15.02%
MLS
12/13/2024
Price Increased
$999,000
17.53%
MLS
2/27/2024
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5321 US Hwy 90
5321 US Hwy 90, Pace, FL 32571 (MLS# 640969) is a Acreage property with a lot size of 2.4 acres. 5321 US Hwy 90 is currently listed for $899,000 and was received on February 27, 2024. Want to learn more about 5321 US Hwy 90? Do you have questions about finding other Acreage real estate for sale in Pace? You can browse all Pace real estate or contact a Coldwell Banker agent to request more information.

