SELLING 2 PARCELS TOGETHER 29-2S-28-0000-01002-0000 & 20-2S-28-0000-00500-0000. Projected rental income of over $50,000 annually! This one-of-a-kind A-frame waterfront retreat offers an incredible opportunity for homeowners, investors, or those seeking a versatile vacation home. With $20K+ in rental projections for the private studio on the first floor (506 sq ft) and an additional $33K projected for the main house (2nd & 3rd Floor...1008 sq ft), this property is as profitable as it is picturesque. Nestled at the end of a dead-end street, this 3-story home sits on a spacious 0.8-acre corner lot along the tranquil shores of East Bay. Its unique architecture, fresh interior and exterior paint, new roof and combined with stunning water views and a private (NEW) dock, creates a serene coasta l escape like no other! The ground level features a studio with a private entranceperfect for rental income, guests, or multigenerational living. The studio offers water views, a kitchenette, a full bathroom with a large vanity and walk-in shower, and direct access to a large covered patio overlooking the bay. Upstairs on the second floor, the main living area features a kitchen with stainless steel appliances, butcher block countertops, and a stylish white tile backsplash. The living room is filled with natural light thanks to expansive sliding glass doors that frame the water and lead to a covered balconyideal for outdoor dining or simply enjoying the view! This level also includes a bedroom and full bathroom. The third floor is home to the primary bedroom suite, which boasts water views galore and private balcony access through large sliding glass doors. A second bedroom sits at the opposite end of the floor, with a full bathroom located between them. Enjoy outdoor living at its finest with multiple decks and balconies, a private dock for fishing or kayaking, and a generous yardperfect for gardening, kids, or pets. Located just off Highway 98 and minutes from Pensacola Beach! Don't miss this incredible opportunity to own a truly special waterfront home!