87,120 Lot Size2 Acres
5599 Del Rey St, Milton, FL 32583
Est: $1,006/moGet pre-approved

Description

Rare ~2-acre waterfront opportunity with approximately 270 feet directly on indian bayou! If you've been searching for waterfront acreage rather than a typical narrow homesite, this exceptional property IS IT. Comprised of 8 combined lots creating 2 acres, this is one of the largest vacant waterfront parcels available in the area and offers an incredible combination of space, privacy, water frontage and breathtaking natural views. Even better, significant work has recently been completed to make...Rare ~2-acre waterfront opportunity with approximately 270 feet directly on indian bayou! If you've been searching for waterfront acreage rather than a typical narrow homesite, this exceptional property IS IT. Comprised of 8 combined lots creating 2 acres, this is one of the largest vacant waterfront parcels available in the area and offers an incredible combination of space, privacy, water frontage and breathtaking natural views. Even better, significant work has recently been completed to make the property easier to access and evaluate. A NEWLY CUT ACCESS ROAD now leads into the property, the site has been CLEARED, the SURVEY IS COMPLETE, and a NEW ENVIRONMENTAL REPORT HAS JUST BEEN COMPLETED—valuable due-diligence items already handled for the next owner. With approximately 270 feet of frontage directly on Indian Bayou, imagine designing a custom waterfront retreat surrounded by nature, with room to create something truly special. Enjoy gorgeous open-water views, spectacular Florida sunrises and sunsets, fishing, kayaking and boating right from your own waterfront sanctuary. Boaters will especially appreciate the location. A county-maintained boat ramp is just feet away, and Indian Bayou provides boating access toward Escambia Bay, opening the door to miles of Northwest Florida waterways. This isn't simply another vacant lot—it's TWO ACRES OF WATERFRONT LAND offering the kind of privacy and SPACE that is increasingly difficult to find along the water. The oversized parcel provides a beautiful natural setting for a future homesite while also presenting an intriguing opportunity for buyers looking to secure substantial waterfront acreage in an area that remains largely undeveloped. Bring your plans, your builder and your vision. Opportunities to acquire this much acreage with this much direct waterfront are exceptionally limited. Come walk the newly cleared property, experience the views in person & discover the possibilities this remarkable piece of Florida!
LISTING UPDATED: 08/23/2026 07:56 PM

  1. Listed by Yasmine Khrino • Yasmine Khrino, Broker

Property Details for 5599 Del Rey Street

Status
MLS #
677044
Days on Market
201
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land / Residential Lots
Year Built
-
Lot Size
2.00 AC

Amenities

  • Boating

Location

Listing Courtesy of Yasmine Khrino, Broker
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Building Information for 5599 Del Rey Street

Lot Size2.00 AC

Payment Calculator

$1,006 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,006

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5599 Del Rey Street

Summary
Location and General Information
  • Directions: Roadway is unconstructed at this time. Property is One block West if the corner of Del Rey and S. 29th Ave. OR 1 Block east of S. 26th Ave. Just Before the Boat Ramp.
  • Latitude: 30.52376526
  • Longitude: -87.0910404
  • Subdivision Name: Avalon Beach
Taxes and HOA Information
  • Tax Legal Description: COMBO W/#8 PER REQ IN 2025 AVALON BEACH LOTS 1 2 & 3 BLK 157 AS DES IN OR 4118 PG 186 TOG W VACATED ROADWAY DES IN OR 4586 PG 1760. , & TOG W/#8 PER REQ IN 2025 DES AS FOLLOWS: AVALON BEACH LOTS 8 9 10 BLK 157 AS DES IN OR 4503 PG 710 & COMBINED THE FOLLOWING 2024: AVALON BEACH (PB A PG 1-10) LTS 11 & 12 BLK 157 AS DES IN OR 4440 PG 1303 TOG W VACATED ROADWAY DES IN OR 4586 PG 1760 & AS DES IN OR 4607 PG 359
  • Assn: NONE
School Information
  • Elementary School: Bagdad
  • High School: Milton
  • Middle Or Junior School: AVALON
Property
Lot Information
  • Lot Size Dimensions: 140x 455x 270 x178x 110 x 181
  • Horse: No
Property and Assessments
  • Documents Count: 3
  • Parcel Number: 401N280090157000010
  • Photos Count: 35
Utilities
  • Sewer: None
  • Water Source: None
Rental
Rental Information
  • Land Lease Amount Frequency: Annually
  • Leasable Area Units: Square Feet
  • Lease Considered: No

Property History for 5599 Del Rey Street

DateEvent & SourcePriceAppreciation
Aug 16, 2026

Price Change

MFRMLS #O6378718

$198,000
Aug 15, 2026

Price Change

CATRS #395689

$198,000
Aug 14, 2026

Price Change

PENSACOLA #677044

$198,000
DateEvent & SourcePrice
08/16/2026

Price Change

MFRMLS #O6378718

$198,000
08/15/2026

Price Change

CATRS #395689

$198,000
08/14/2026

Price Change

PENSACOLA #677044

$198,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 5599 Del Rey Street

This home is within Santa Rosa.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bagdad Elementary School
PublicPK to 5

Avalon Middle School
Public6 to 8

Milton High School
Public9 to 12

Locklin Technical Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

5599 Del Rey Street is a 2 ac of land for sale in Milton, FL 32583. This property was listed for sale on February 3, 2026 by Yasmine Khrino, Broker, it's currently listed at $198,000. This listing's school district is Santa Rosa. Nearby schools include Bagdad Elementary School, Avalon Middle School and Milton High School. 5599 Del Rey Street is a 0-bed, 0-bath 2 ac of land on a 87,120 sq. ft. / 2 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Yasmine Khrino, Broker

The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Information deemed reliable but not guaranteed. Copyright© 2026 Emerald Coast Association of REALTORS, Central Panhandle Association of REALTORS, Pensacola Association of REALTORS and Capital Area Technology & REALTOR Services. All Rights Reserved.