RESORT-STYLE ISLAND LIVING!! Idyllically located in the quaint gated community By the Sea, this beautiful three level home offers the best of two worlds: living directly on Santa Rosa Sound (Intracoastal Waterway) and being situated just a short walk, bike, or golf cart ride away from the peaceful west side of Navarre Beach and the Gulf Islands National Seashore. This Emerald Home beach cottage is total-electric and features over 2,800 square feet with four bedrooms - each with its own ensuite, a half bath off the kitchen, a roomy laundry space with storage and two 40-gallon hot water tanks – such a nice feature! Added highlights include HOA deeded access to Santa Rosa Sound, a rear deck with evening sunset views, and an enclosed one-car garage, with many other parking areas covered and uncovered. Guests entering the base level will find garage parking and a well-designed fitness room with adjoining sauna. The second level features engineered hardwoods throughout the open concept main living space with a spacious family room, dining area, and a café kitchen thoughtfully designed with owners and guests in mind. Its high-end features included stainless steel appliances and vent hood, modern tile backsplash, quartz counter tops, a spacious island with extra storage and added seating, a contemporary microwave-over-oven design, a walk-in pantry, and aesthetically pleasing open shelving making it a chef's delight. Indulgence, privacy, and relaxation are the theme of the third level where the Primary Suite with plush carpeting and a private ensuite boasts gorgeous Gulf views from each window. The ensuite offers repose with a large step-in shower and deep soaker tub. Two additional bedrooms with ensuites complete this level. This stunner is the ideal floorplan for single family home, second home or vacation rental. Wise investors will note the rental projection of $194,100 per year.