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INVESTORS, PRIMARY RESIDENTS & MULTI-GENERATIONAL BUYERS--Discover an exceptional opportunity to own one of Santa Rosa Beach's most versatile properties-2 HOMES for the price of ONE! Just minutes from the sugar-white beaches of South Walton and Scenic Highway 30A, this unique coastal compound is zoned for both short-term and long-term rentals, offering incredible flexibility for investors, owner-occupants, workforce housing, or multi-generational living.

Situated on a 0.28-acre lot and bordered by a 255-acre conservation buffer that will never be developed, the property features two fully furnished coastal cottages, a 30-amp RV hookup with sewer connection, ample parking, no HOA, and room to add a pool, spa, garden, or expanded outdoor living spaces.

One of the property's most remarkable qualities is how it lives far larger than its square footage suggests. Expansive screened porches, generous decks, and thoughtfully designed outdoor spaces blur the line between indoors and out, creating an inviting coastal atmosphere where every square foot is maximized. Whether enjoying your morning coffee on the porch, entertaining friends outdoors, or unwinding after a day at the beach, the seamless indoor-outdoor flow becomes an extension of the living space.

The Blue Cottage offers 2 bedrooms, 1 bathroom, 868 square feet of heated and cooled living space plus a 178-square-foot screened porch, totaling 1,046 square feet of usable space. Extensive improvements include a 2023 metal roof, new kitchen appliances, new kitchen island, countertops, flooring, interior and exterior paint, water heater, washer and dryer, and a new laundry room door. The screened porch features a flat-screen TV and opens to a grilling deck, while plumbing is already in place for a future outdoor shower, pool, or spa. The most recent long-term lease generated $2,125 per month, while the cottage produced approximately $29,000 in gross short-term rental income during 2023.

Privately tucked away on the opposite side of the property, the detached "Crab Island" Studio Cottage, built in 2014, creates its own secluded retreat behind an 8-foot privacy fence. Perfect for pets, guests, or future outdoor enhancements, the fenced yard offers ample room for a pool, hot tub, or additional entertaining space. The studio features 350 square feet of interior living space complemented by an impressive 236-square-foot screened porch, where large sliding glass doors create a true indoor-outdoor living experience. Designed for coastal entertaining, the porch includes an outdoor kitchen with a wet bar, sink, mini refrigerator, storage, and ceiling fans, while the wraparound deck and outdoor shower make beach days effortless. Inside, the studio offers a kitchenette, an updated bathroom with a new shower, and flexible living space ideal as a guest house, artist's studio, home office, hobby room, fitness room, private retreat, or mother-in-law suite. The most recent long-term lease generated $1,675 per month, and the studio produced approximately $19,000 in gross short-term rental income during 2023.

With combined long-term rental income of $3,800 per month ($45,600 annually), this property offers outstanding flexibility. Live in one cottage while renting the other, lease both for investment income, accommodate extended family, create workforce housing for local professionals, or simply enjoy a private coastal retreat with supplemental rental potential.

Conveniently located just minutes from Scenic Highway 30A, Grand Boulevard, Topsail Hill Preserve State Park, Sacred Heart Hospital, shopping, dining, entertainment, and South Walton's world-famous beaches, this property combines privacy, versatility, and established income potential in one exceptional offering.

More than just two cottages, this is a thoughtfully designed coastal compound where lifestyle, flexibility, and investment opportunity come together--offering possibilities that are increasingly rare to find in Santa Rosa Beach.
#1007991

Santa Rosa Beach

40 Long Leaf Circle

3 Beds

2 Baths

1,252 Sq.Ft.

$445,000

MLS#: 1007991

None
#809692

Crestview

6185 Sundew Street

3 Beds

1 Baths

1,375 Sq.Ft.

$900

MLS#: 809692

Centrally located lot in the City ready to build your dream home
#902988

Crestview

000 Smith Street

None Beds

None Baths

0.23 acres

$39,900

MLS#: 902988

GREAT HOME IN A FAMILY FRIENDLY NEIGHBORHOOD. CHECK OUT THE VIEW OF THE SOUND FROM THE REAR DECK AND FAMILY ROOM. HOME BOASTS A FORMAL LIVING ROOM, FAMILY ROOM, DINING AREA, 3 BEDROOMS AND 2 FULL BATHS. CERAMIC TILE THROUGHOUT THE HOME EXCEPT FOR THE MASTER BEDROOM.WHICH HAS CARPET.INTERIOR LAUNDRY ROOM.. VERY CONVENIENT TO HURLBURT, NAVARRE AND FWB. THE KITCHEN IS VERY SPACIOUS WITH A EXTRA LONG BREAKFAST BAR. SMALL PET MAY BE ALLOWED, CHECK FOR APPROVAL. CALL OUR OFFICE FOR MORE INFO OR TO MAKE AN APPOINTMENT TO VIEW
#1009770

Mary Esther

418 Pristine Water Lane

3 Beds

2 Baths

1,947 Sq.Ft.

$2,100

MLS#: 1009770

Handyman special!!  This house has LOTS of potential! Great for investment or first time home buyer that does not mind some sweat equity!
#871933

Fort Walton Beach

720 Tuxedo Drive

3 Beds

1 Baths

950 Sq.Ft.

$135,000

MLS#: 871933

End unit with ceiling fans in living room and bedrooms, hard surface flooring downstairs, carpet in bedrooms. Master suite with a walk in closet and spacious bedrooms. Washer & dryer hook up. Lawn maintenance taken care of by owner.
#919014

Crestview

211 Johnson Court

3 Beds

2 Baths

1,534 Sq.Ft.

$1,450

MLS#: 919014

AVAILABLE... NOW. 3bd/2bth renovated home which boasts a kitchen with tile backsplash, stainless steel appliances, and granite counters. Laminate wood flooring throughout with tile in the wet areas. Primary Bathroom has tile and glass surround shower with a vanity and sink. Centrally located in the heart of Niceville and within walking distance to the High School.
NO smoking and NO cats. 600 minimum FICO credit score required in addition to meeting rental criteria. Pets allowed upon approval with a non-refundable pet fee.All applicants are required to complete an application on https://onefamilypropertyservices.petscreening.com/
regardless of if they own a pet or not.  Applicants with an ESA are also required to complete the application.
 **Please note, only one pet profile per pet is required.

** Fees Required once an application is approved include, but may not be limited to: Security Deposit, Non-Refundable Fees (cleaning and rekey), $20 Certified Mail Fee, and Pet Fees (when applicable).
#989369

Niceville

309 Pontevedra Lane

3 Beds

2 Baths

1,489 Sq.Ft.

$2,200

MLS#: 989369

Newly listed this 13th floor furnished 2Br/2Ba condo is ''pristine'' with it's Coastal Cottage Dcor and tile throughout. Many upgrades include a marble & pebble stone walk-in shower installed in the master and guest bathrooms with new vessel sinks just to name a few. The HVAC was replaced in 2014. Breathtaking views overlooking the pier and the Gulf of Mexico can be seen from the living room, master bedroom, master bath spa with whirlpool, and kitchen with granite counter tops, new sink and backsplash. See attached remodel list. Amenities include an Olympic size swimming pool, clay tennis courts, covered parking, fitness room, wireless internet and basic cable, social area with full kitchen, and security coded elevators and cameras.
#773238

Navarre

8515 Gulf Boulevard E-13B

2 Beds

2 Baths

1,497 Sq.Ft.

$475,000

MLS#: 773238

The TT Block homesites are located contiguous to the recently purchased UU & VV Blocks in the southeast corner of Alys Beach adjacent to Paradise by The Sea.
#894869

Alys Beach

TT8 Elbow Beach Road

None Beds

None Baths

0.09 acres

$1,850,000

MLS#: 894869

Cute & cozy stick built Florida cottage style home. Close to the beautiful beaches of South Walton. This 2 bedroom 1 bath home features vinyl plank flooring throughout the entire home with an open-floor layout. In the kitchen, there are stainless steel Samsung appliances, shaker style cabinets & quartz countertops. The bathroom has a stunning tiled tub/shower combo and a pocket door to the master bedroom. There's also a charming front porch for you to sit and enjoy your morning cup of coffee. Call today for your private showing!
#921870

DeFuniak Springs

144 N 7th Street

2 Beds

1 Baths

984 Sq.Ft.

$185,000

MLS#: 921870

Great Home in desirable Bluewater Bay. This home offers all you need in a home. The split floorplan allows for plenty of room for family & guest to stay.  The kitchen features stainless appliances, tons of cabinet & counter space & beautiful granite counter tops. You will love the easy care tile and laminate flooring throughout the home. Other features include a gas fireplace, gas stove and nice size backyard with privacy fence. Location is convenient to A+ schools, Eglin AFB & Destin. Owner will consider pets with restrictions. Any pet must be spayed/neutered, housebroken, and current on all shots. Requires a non-refundable pet fee. Any person at lease 18 years old must apply separately. Tenants must carry renter's liability insurance.  Ice maker in refrigerator not warranted
#928461

Niceville

4498 Parkwood Lane

3 Beds

2 Baths

1,340 Sq.Ft.

$2,300

MLS#: 928461

Welcome to Blackwater Reserve! Brand NEW community featuring a beautiful community pool, Lazy River and Pickle Ball. The Popular Camilla plan is a 1 story, charming contemporary cottage style home with 1 car garage, 4 bedrooms, 2 baths and a great open floorplan perfect for relaxing.  The 'Smart Home Connect 'System offers a variety of convenient Smart Home devices you will love. The well-designed open kitchen includes stainless steel appliances, a smooth-top range, built-in microwave, gorgeous quartz countertops, quiet dishwasher, pantry, island bar, eye-catching wood-look flooring, and plush carpet in the bedrooms. A well-designed, sought-after floorplan offers many desirable amenities. Fabric Hurricane door and window protection is also included.
#992143

Milton

8134 Fox Hunt Drive

4 Beds

2 Baths

1,583 Sq.Ft.

$284,900

MLS#: 992143

RARE OPPORTUNITY!  Tranquility at its best-- Live, play, rent.

Experience beachfront luxury and exceptional investment potential at this newly remodeled, sixth-floor Gulf-front condo in the prestigious Nautilus condominium on Fort Walton Beach's Okaloosa Island.  This unit has been enjoyed by the same family since 1990.

This well-established vacation rental has a proven track record, generating impressive gross rental income of over $59,000 annually for the last two years. Onsite rental management and staff provides a professional and personal touch.

Meticulously redesigned with a brand-new kitchen featuring a custom tile backsplash, under-cabinet lighting, and soft-close cabinets, as well as exquisite new LVP flooring in the bedroom and bathrooms.
#976492

Fort Walton Beach

660 Nautilus Court UNIT 1605

1 Beds

1 Baths

855 Sq.Ft.

$512,000

MLS#: 976492

Laketown Wharf Resort Is In The Heart Of All The Fun & Excitement In Panama City Beach  Just Steps Away From The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. This Beachside Resort Offers Unparalleled Amenities With Convenient Beach Access, 5 Unique Pools, A Kids Funscape Playground, Splash Bar & Grill, Gulf View Fitness Center & Covered Garage Parking. Laketown Wharf Offers A Variety Of Views Including The Gulf Of Mexico, Lake & Golf Course. Enjoy The Nightly Fountain & Light Show & Market Shops Along The 52,000 Square Feet Of Lakefront Boardwalk. This Residence Has 1 Bedroom, 2 Baths, Bunk Room & Can Easily Accommodate Over 6 People. Features Include: New Furniture, Flooring & Paint, Exceptionally Large Open Floor Plan, Expansive Balcony, Granite Countertops, Fully Applianced Kitchen With Breakfast Bar. Multiple Views, Floor Plans & Floor Heights Also Available! Call For Details.
#864350

Panama City Beach

9860 S Thomas Drive 514

1 Beds

2 Baths

1,047 Sq.Ft.

$199,900

MLS#: 864350

Florida living at its best! Welcome to Tecumseh Lane in the beautiful Cobia Bay subdivision. With access to a nature trail and beach on the sound, this tranquil neighborhood is a dream come true. 3 miles from Hurlburt Field and 15 minutes to the beaches of Navarre. This impeccable home is updated with granite counters, stainless appliances, updated fixtures, neutral paint, 2015 A/C and hot water heater, new lawn pump, new privacy fence, new gutters, all under warranty! French doors lead from the living room to the screened-in Florida room. The LARGE Master suite is complete with double walk-in closets, dual vanities, and french doors that also lead to the Florida room. Perfect. Low Maintenance. Ready for you to move in today! Buyer to verify all dimensions and data.
#754790

Mary Esther

272 Tecumseh Lane

4 Beds

2 Baths

1,871 Sq.Ft.

$229,900

MLS#: 754790

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