Neighborhood · November 3, 2026
Blackwater Reserve, Milton FL: what homes sold for and how fast
Updated November 2026. Detached homes only, Pensacola MLS closed sales November 3, 2025 through October 30, 2026, pulled November 3, 2026. No individual sales are shown.
In the twelve months ending October 2026, 109 detached homes sold in Blackwater Reserve, at a median of $324,900 and $172 per square foot. That is about 5% above the Milton median of $310,470. Homes sold in a typical 65 days, in line with the rest of Milton. 14 homes were listed for sale there on November 3, 2026.
The numbers
| Measure | Blackwater Reserve | Milton overall |
|---|---|---|
| Detached homes sold, 12 months | 109 | 1,414 |
| Median sale price | $324,900 | $310,470 |
| Price per square foot | $172 | $174 |
| Median home size | 1,856 sq ft | 1,800 sq ft |
| Typical days to sell | 65 | 54 |
| Year built (range of what sold) | 2025–2026 | — |
| For sale now | 14 | — |
What the numbers say
Every home that sold was built 2025 or later, so this is new construction, and the pace of sales is the builder’s release schedule as much as the market.
Supply. 14 for sale against 9.1 a month selling, roughly 1.5 months of supply. Under four months generally favors sellers, over six favors buyers, and a builder still releasing lots can hold supply high without the resale market being soft.
Price. At $172 per square foot against $174 for Milton overall, the price per foot matches the town, so the difference in sticker price is mostly house size.
Where it is. Blackwater Reserve is in Milton, Santa Rosa County, Florida, in the NAS Whiting Field commute shed. The current town-wide numbers are on the Milton market page, and the Moving to Milton guide covers schools, flood insurance and deadlines.
Questions people ask
How much does a house in Blackwater Reserve cost? The median sale over the last twelve months was $324,900; half sold for more, half for less.
Is Blackwater Reserve new construction? Yes. Everything that sold was built 2025 or later.
How fast do homes sell in Blackwater Reserve? A typical 65 days from listing to contract over the last year.
Is Blackwater Reserve in a flood zone? Flood zones are drawn by address, not by neighborhood. Check the FEMA flood map for the specific house and get a quote on that address before you offer. Santa Rosa County carries a 25% Community Rating System discount on flood premiums; the City of Milton 20%.
If you want a number on a specific house in Blackwater Reserve, or want to know how it compares to the next neighborhood over, email [email protected] or call or text 205-276-2135.
Source: Pensacola MLS closed detached sales, November 3, 2025 through October 30, 2026, pulled November 3, 2026. Medians for the subdivision as recorded in the MLS. Neighborhoods with fewer than 8 sales are not given a page because a median of a handful of homes is noise, not a market.