5599 DEL REY STREET, MILTON, FL, 32583
Active184 days on marketListed Feb 3, 2026MLS #O6378718
About this home
5599 DEL REY STREET
Exceptional Waterfront Homesite ~ 2 Acre Parcel with 270 Feet of Water Frontage Directly on the Indian Bayou!! Fresh Access Path Just Cleared, Must See Breathtaking Bayou Views!! Bring Your Vision and Create Your Waterfront Dream House with Dock Directly on the Bayou! Just Feet from the County Maintained Boat Ramp & A Quick Boat Ride to Escambia Bay. This Property Boasts The Best of Florida ~ Privacy & Natural Lifestyle at its Finest on this Rare Oversized, Tranquil Waterfront Lot in Avalon Beach! Just Imagine All the Stunning Sunrises and Sunsets You Will Enjoy in Here in Your Very Own Sanctuary! Huge Potential at a Compelling Price since This Area is Still Largely Undeveloped. This Full 2 Acres is a Unique Opportunity to Make a Savvy Investment or Acquire a Spectacular Future Homesite! Make an Offer Today and Secure this GEM as Your Own! 8 Lots have Been Combined to Create this 2 Acre Parcel ~This Property is one of The Largest Parcels on Either Side of the Bayou! Survey Already Completed.
Facts & features
The home at a glance
2 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$1,386 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,386/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Milton
Get to know Milton. See the full Milton guide →
MILTON 32583 — neighborhood snapshot
Population
31,415
Median age
39.9
Median income
$84,957
Median home value
$229,700
Avg household
2.57
Households w/ children
3,127
For the school run
Santa Rosa County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Milton market
$80K → $398K
Milton median sold, yr/yr
Median sold price, Milton, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 97% above the MILTON 32583 median. See the full Milton market guide →
Paper trail
This home's history
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
John Carpenter
CFO/Broker · CENTURY 21 Edge
Tours, negotiation, and every question about 5599 DEL REY STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5599 DEL REY STREET — before you fall in love.
See it in person
Schedule a tour
Live availability from John's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
5599 DEL REY STREET FAQs
What would the monthly payment be for 5599 DEL REY STREET?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,386/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 5599 DEL REY STREET?+
The most recent tax bill on record (2025) was $586. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Milton?+
At $186,000, this home is listed about 49% below the Milton median of $362,450. The market section on this page shows how the area is trending.
Which schools are assigned to 5599 DEL REY STREET?+
Bennett C Russell Elementary School (elementary), Milton High School (high) — Santa Rosa County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$186,000 runs 97% above the MILTON 32583 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03The price has already moved
Listed at $189,999, now $186,000 — a $4K cut. The full history is in the market section below.
Listing courtesy of YASMINE KHRINO · Jasmine Khrino. MLS #O6378718.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New Milton homes, in your inbox
Like 5599 DEL REY STREET but not quite? A daily digest of every new listing in Milton — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask John to ping you on any price or status change →