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$198,000
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Property 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 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!
Full Property Details
Full Property Details for 5599 Del Rey St
General
- Price: $198,000
- Status: Active
- Type: Residential Lots
- Source: Pensacola
- MLS ID: 677044
- Updated: 8/25/2026
- Added to Site: 248 day(s) ago
Location
- County: Santa Rosa
- Subdivision: Avalon Beach
- Driving 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.
School Information
- Elementary School: Bagdad
- Middle School: AVALON
- High School: Milton
Utilities
- Sewer: None
- Water: None
Lot Features
- Lot Size (Acres): 2
- Lot Dimensions: 140 x 455 x 270 x 178 x 110 x 181
Financial Considerations
- Price Per Sq. Ft.: $99,000
Disclosures and Reports
- Property ID: 401N280090157000010
Listed by Yasmine Khrino, Broker
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Price & Sales History for 5599 Del Rey St
Date
Details
Price
Change
Source
8/15/2026
Price Increased
$198,000
6.45%
MLS
6/20/2026
Price Reduced
$186,000
-1.53%
MLS
3/20/2026
Price Reduced
$188,888
-0.58%
MLS
2/03/2026
Listed
$189,999
—
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 5599 Del Rey St
5599 Del Rey St, Milton, FL 32583 (MLS# 677044) is a Residential Lots property with a lot size of 2 acres. 5599 Del Rey St is currently listed for $198,000 and was received on February 03, 2026. Want to learn more about 5599 Del Rey St? Do you have questions about finding other Residential Lots real estate for sale in Milton? You can browse all Milton real estate or contact a Coldwell Banker agent to request more information.

