Unique WATERFRONT property offering 2 separate dwellings, making for a spectacular investment opportunity in the form of an airbnb or income-producing potential. The front cottage has an open floor plan with 2 bedrooms and 1 bathroom and is very well maintained. It also features its own driveway and private access. The primary house located on the back of the property has a large open-concept living area with vaulted ceilings, 3 bedrooms, and 2 full bathrooms. The oversized master bathroom boasts a dreamy garden tub as well as a separate tile walk-in shower and two separate vanities. In the back yard, you'll enjoy the screened-in porch with a birds-eye view of the yard and the bay, the white sandy beach area, and the sprawling dock and boat house with boat slip and lift, including electricity and water. ASSUMABLE VA loan in amount of about $440,000 at 3.75% interest rate for cost of approximately $2,000 to a VA qualified buyer. It is located just 10 miles to beautiful Navarre Beach and 18 miles to Hurlburt Field, located in the Santa Rosa County School District. Check out our full video tour on MLS and YouTube.