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For Sale

$1,985,000

5658 US HWY 90
Pace, FL 32571

Rare residential development opportunity located in the heart of Pace, one of the state's most rapidly growing communities. The 50.8 acre site is located on the north side of Highway 90, which is the main commuter artery through Pace and Milton, FL. The site has two access points on the east and west sides of the property, Lori Lane and Craig Street. The property is zoned R-1 Residential which permits 4 lots/acre. The owner has two conceptual plans which include a 200 lot plan and alternate plan which could enlarge the lots and create 136 lots. This is an excellent development site in Pace with the unique aspect of having the beautiful Pond Creek located on the north end of the property. The Pond Creek waterway and surrounding forest will serve as the perfect natural amenity and common area for a potential residential development and homeowners. The population growth in Pace has skyrocketed in the last decade to over 52,000 and continues to be a strong housing market with the close proximity to military bases and desirable features Pace has to offer. Read More

Market Status
Available
Last Updated
September 26, 2021

Property Type
Land
Architecture
Lots/Acreage
Property Type
Lots And Land; Single Family Detached

Local Market Conditions

There are currently 145 properties for sale in the Milton, FL area with the average listing price of $410,931. This represents a decrease of -8.0% over the previous week. The 2 bedroom homes saw the largest decrease in the average listing price over the previous week with a -18.7% decrease. To learn more about the Milton, FL area, contact a local expert!

Market Snapshot for Milton, FL

Avg. Listing Price

$410,931

Wk ending Sep 25

$-35,552

-8.0%

w-o-w

145

476

31

29

10

8

Average Listing Price for Milton, FL
No. BedroomsNo. Beds Week Ending
(Sep 25)
w-o-w Week Ending
(Sep 4)
Week Ending
(Aug 28)
Week Ending
(Aug 21)
All PropertiesAll $410,931 -8.0% $446,483 $447,010 $393,255
1 bedroom1 BR - +0.0% - - -
2 bedrooms2 BR $195,557 -18.7% $240,400 $240,400 $299,880
3 bedrooms3 BR $328,007 -6.2% $349,676 $346,381 $334,575
4 bedrooms4 BR $549,582 -1.7% $559,201 $559,348 $422,070

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Listing Provided By:

HARRY BELL

Berkshire Hathaway HomeServices PenFed Realty

Phone
This $1,985,000 Land at 5658 US HWY 90 in Pace, FL is presented by HARRY BELL. This $1,985,000 Land, located in the 32571 zip code, has the following property features: Property Type. This 5658 US HWY 90 Land is listed under MLS listing number 526391 and has a listing price of $1,985,000. You can find more Pace homes for sale here.

Data Provided by Pensacola Association of REALTORS®, Inc.

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