Located on one of the largest lots bordering Bayou Grande, this multi-unit dwelling represents an old-fashioned Southern charm with a unique twist on waterfront living. Encompassing over 0.84 acres, this waterfront estate boasts over 160’ of water frontage offering both access from land and sea. Upon entering the property, you are greeted with two 400sqft 1bed/1bath cottages that are separated from the main house that would be great investment properties. Passing through the iron gates, you are greeted to a central courtyard that has the separated garage and 1 bedroom/1bath apartment as well as a large, covered carport. The French Colonial architecture mixed with a ranch style brings about a timeless feel with views that extend through the bayou and beyond. The main house has two bedrooms and two baths spread over 2500sqft with plenty of room to add additional bedrooms. The open floor plan features a large double sided living room with large sliding glass doors and windows lining the waterfront offering an abundance of natural light. Included is an open concept kitchen, two large fireplaces, and tongue and groove ceilings that arch towards to central point of the house. Featuring reclaimed materials/ceilings from the Officers Club on NAS, archways from the historic Hotel San Carlos, and custom railings and doors, this waterfront oasis presents an array of historic Pensacola icons that have been repurposed for a new life. A large backyard offers plenty of space for entertaining with large pine and oak trees lining the property. The entire west side of the property is lined with a seawall for protection from the elements and features the bones of an old boathouse that is waiting for the new owners to turn it into their boater’s dream. This property will make a perfect full-time residence with incoming producing properties or could be turned into a fully functional investment property/venue.