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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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5599 Del Rey St , Milton, FL 32583
$198,000
Est. Payment: $1,093.92/mo
2 Acres
Status: Active | Days on site: 246
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Harrison Lilly Team
Owner/Operator

House 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!

Highlights

Listed by Yasmine Khrino , Yasmine Khrino, Broker , 954-588-2328. Pensacola Association of REALTORS®, Inc.

Property Type

Vacant Land

Lot/Acreage
2

County

Santa Rosa

Neighborhood

Avalon Beach

Listing ID

677044

Questions about this listing?

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Interior Features

Water:None

Exterior Features

Lot Dimensions:140x 455x 270 x178x 110 x 181
Sewer:None
Principal Interest
$1,094
Taxes
$126

Home Price

$198,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$39,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,093.92

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,093.92 $126.23 $0.00 $1,220.15
Yearly $13,127.06 $1,514.70 $0.00 $14,641.76
Total $393,811.73 $45,441.00 $0.00 $439,252.73

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Milton, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Pensacola Association of REALTORS®, Inc., and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T07:04:08.000Z

© 2026 Pensacola Association of REALTORS®, Inc.