Stephanie Harrington
Engel & Volkers Pensacola
(850) 810-1175
75 Total Sales
2 in Milton
$87K - $920K Price Range
5517 Bay Meadows Dr Milton, FL 32583
Milton AreaEstimated Value: $1,156,069
4
Beds
4
Baths
3,218
Sq Ft
$359/Sq Ft
Est. Value
Highlights
- Beach Access
- Property Fronts a Bay or Harbor
- Updated Kitchen
- Parking available for a boat
- Heated In Ground Pool
- 1.84 Acre Lot
About This Home
As of March 2026Experience the best of waterfront living with your own piece of paradise overlooking beautiful Escambia Bay in Milton, FL. Conveniently located just 5 minutes from I-10 and only 30 minutes to downtown Pensacola or the area’s pristine beaches, this property offers both serenity and accessibility. Situated on 1.84 acres with 195 feet of water frontage, the home is beautifully landscaped and includes a fully stocked pond. Inside, you’ll find 4 bedrooms, 4 bathrooms, and 3,218 sq. ft. of thoughtfully designed living space. Hardwood floors, travertine, and expansive windows showcase stunning views from nearly every room. The large kitchen and spacious living areas provide the perfect setting for everyday living or entertaining. A formal dining room and a cozy sitting room—ideal for playing guitar with friends and family—add to the home’s charm. For those who work from home, the office offers inspiring water views with a full bath conveniently nearby. Upstairs, the main bedroom features its own private screened-in porch, perfect for enjoying your morning coffee as the sun rises or unwinding with a cocktail at the end of the day. The upper level also includes a mother-in-law suite and two additional bedrooms connected by a Jack-and-Jill bath. Outside, enjoy magnificent sunsets and an enclosed, heated gunite pool for year-round relaxation or entertaining. The property also offers a 2-car garage, generous workspace below, and ample room for your boat or RV. This stunning home is ready to welcome its next owner. Call today to schedule your private tour.
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Home Details
Home Type
- Single Family
Year Built
- Built in 1989
Lot Details
- 1.84 Acre Lot
- Lot Dimensions are 170x472
- Property Fronts a Bay or Harbor
- Cul-De-Sac
- Sprinkler System
Parking
- 2 Car Garage
- Oversized Parking
- Side or Rear Entrance to Parking
- Garage Door Opener
- Circular Driveway
- Guest Parking
- Parking available for a boat
- RV Access or Parking
Home Design
- Traditional Architecture
- Pillar, Post or Pier Foundation
- Frame Construction
- Shingle Roof
- Steel Siding
Interior Spaces
- 3,218 Sq Ft Home
- 3-Story Property
- High Ceiling
- Ceiling Fan
- Fireplace
- Double Pane Windows
- Drapes & Rods
- Blinds
- Formal Dining Room
- Home Office
- Bonus Room
- Screened Porch
- Inside Utility
- Washer and Dryer Hookup
- Bay Views
Kitchen
- Updated Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Breakfast Bar
- Down Draft Cooktop
- ENERGY STAR Qualified Refrigerator
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
- Travertine
Bedrooms and Bathrooms
- 4 Bedrooms
- Remodeled Bathroom
- 4 Full Bathrooms
Home Security
- Home Security System
- Fire and Smoke Detector
Eco-Friendly Details
- Energy-Efficient Insulation
Pool
- Heated In Ground Pool
- Gunite Pool
- Screen Enclosure
Outdoor Features
- Beach Access
- Balcony
- Covered Deck
- Lanai
Schools
- Bagdad Elementary School
- Avalon Middle School
- Milton High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Agricultural Well Water Source
- Electric Water Heater
- Septic Tank
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 101S280000003050000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 21, 2025
Closed on
Mar 16, 2026
Sold by
Fairman James and Fairman Sally B
Bought by
Seller's Agent
Kimberly Leighton
JANET COULTER REALTY
Buyer's Agent
CYNTHIA SPENCE
LPT Realty
List Price
$1,249,000
Sold Price
$1,160,000
Premium/Discount to List
-$89,000
-7.13%
Views
120
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,931
Avg. Annual Appreciation
3.82%
Original Mortgage
$819,000
Outstanding Balance
$816,588
Interest Rate
6.1%
Mortgage Type
New Conventional
Estimated Equity
$363,573
Purchase Details
Listed on
May 7, 2021
Closed on
Aug 16, 2021
Sold by
Covas Donna
Bought by
Fairman James K and Fairman Sally B
Seller's Agent
Jennifer Weaver
KELLER WILLIAMS REALTY GULF COAST
Buyer's Agent
Kimberly Leighton
JANET COULTER REALTY
List Price
$824,000
Sold Price
$709,000
Premium/Discount to List
-$115,000
-13.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.40%
Original Mortgage
$250,000
Interest Rate
2.8%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jul 31, 2014
Sold by
Covas Donna and Covas Donna M
Bought by
Covas Donna M and The Donna M Covas Living Trust
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Milton, FL
-
Stephanie Harrington
-
Erick Leiva
Erick Leiva
Real Broker, LLC
(786) 698-1578
83 Total Sales
8 in Milton
$200K - $367K Price Range
-
Justin Pratt
Justin Pratt
Better Homes And Gardens Real Estate Main Street Properties
(850) 378-3344
39 Total Sales
5 in Milton
$175K - $330K Price Range
-
Lorie Phillips
Lorie Phillips
Jacobson & Co. Realty
(719) 888-5818
103 Total Sales
10 in Milton
$24K - $620K Price Range
-
Doris Coleman
Doris Coleman
Responds QuicklyIXL Real Estate LLC
(850) 467-9741
51 Total Sales
6 in Milton
$19K - $265K Price Range
-
Christina Black
Christina Black
Blackwater Real Estate LLC
(850) 929-5753
44 Total Sales
1 in Milton
$289,900 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,160,000 | Surety Land & Title | ||
| Fairman James K | $709,000 | Emerald Coast Ttl Inc Gulf B | |
| Covas Donna M | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $819,000 | ||
| Previous Owner | Fairman Sally B | $250,000 | |
| Previous Owner | Covas Donna M | $20,000 | |
| Previous Owner | Covas Lawrence M | $57,500 | |
| Previous Owner | Covas Donna | $372,000 | |
| Previous Owner | Covas Lawrence M | $416,000 | |
| Previous Owner | Covas Lawrence M | $70,200 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/09/2026 03/09/26 | Sold | $1,160,000 | -3.3% | $360 / Sq Ft | |
| 01/19/2026 01/19/26 | Pending | -- | -- | -- | |
| 01/11/2026 01/11/26 | Price Changed | $1,199,000 | -4.0% | $373 / Sq Ft | |
| 11/21/2025 11/21/25 | For Sale | $1,249,000 | +76.2% | $388 / Sq Ft | |
| 08/18/2021 08/18/21 | Sold | $709,000 | 0.0% | $220 / Sq Ft | View Prior Sale |
| 07/31/2021 07/31/21 | Pending | -- | -- | -- | |
| 07/19/2021 07/19/21 | Off Market | $709,000 | -- | -- | |
| 06/27/2021 06/27/21 | Pending | -- | -- | -- | |
| 06/08/2021 06/08/21 | Price Changed | $785,000 | -4.7% | $244 / Sq Ft | |
| 05/08/2021 05/08/21 | For Sale | $824,000 | -- | $256 / Sq Ft |
Source: Pensacola Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,732 | $673,255 | ||
| 2024 | $7,755 | $629,985 | ||
| 2023 | $7,755 | $611,636 | $0 | $0 |
| 2022 | $7,579 | $593,821 | $0 | $0 |
| 2021 | $3,281 | $310,970 | $0 | $0 |
| 2020 | $3,775 | $306,133 | $0 | $0 |
| 2019 | $3,689 | $299,250 | $0 | $0 |
| 2018 | $3,666 | $293,670 | $0 | $0 |
| 2017 | $3,654 | $287,630 | $0 | $0 |
| 2016 | $3,633 | $281,714 | $0 | $0 |
| 2015 | $3,237 | $279,756 | $0 | $0 |
| 2014 | -- | $277,536 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kimberly Leighton
Seller's Agent in 2026
Kimberly Leighton
JANET COULTER REALTY
(850) 377-3759
34 Total Sales
-
CYNTHIA SPENCE
Buyer's Agent in 2026
CYNTHIA SPENCE
LPT Realty
(850) 572-9582
73 Total Sales
-
Jennifer Weaver
Seller's Agent in 2021
Jennifer Weaver
KELLER WILLIAMS REALTY GULF COAST
(850) 543-0291
203 Total Sales
Map
Source: Pensacola Association of REALTORS®
MLS Number: 674053
APN: 10-1S-28-0000-00305-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Copyright© 2026 by the Multiple Listing Service of the Pensacola Association of REALTORS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information deemed reliable but not guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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