For sale - Active

5599 Del Rey St

About this place

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!

Courtesy of Yasmine Khrino, Broker

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

See more

Property Highlights

Property type Residential Lots
Status Active
City Milton
Zip 32583
County Santa Rosa
Subdivision Avalon Beach
Updated Aug 15, 2026
MLS ID 677044

Exterior Features

Roof See listing details
Construction Features Residential Lots
Parking See listing details
Waterfront Nearby / listed

Interior Features

Property Type Residential Lots

Financial Details

List Price $198,000
Estimated Payment $1,267/mo
Status Active

Location

County Santa Rosa
City Milton
Subdivision Avalon Beach
ZIP Code 32583

Schools

Elementary School Bagdad
Middle School AVALON
High School Milton

5599 Del Rey St is located in Milton, FL 32583

Payment calculator

$1,267 per month 30 year fixed, 7.25% interest

Down payment estimate: $39,600. Taxes, insurance, HOA fees, and lender costs are not included.