Never miss a day on the water while you build your dream home. Offering 75 feet of waterfront in the heart of Santa Rosa Beach, this rare property combines immediate enjoyment with future potential--and no HOA restrictions. Complete with a private dock, covered boat lift, and direct access to Choctawhatchee Bay, it's designed for effortless days on the water from the moment you arrive. The outdoor living experience is equally inviting, featuring a private pool, expansive multi-level decking, and a fully equipped outdoor kitchen--ideal for entertaining or unwinding after a day on the bay. A charming two-story carriage house offers comfortable accommodations while you plan and build. This 2-bed, 2-bath residence has a full kitchen, dining area, additional living space, and a walk-in closet. Upstairs, a spacious four-seasons room--heated and cooled--boasts floor-to-ceiling windows on three sides, capturing peaceful water views and natural light throughout. Whether you're envisioning a primary residence, second home, or investment opportunity, this property delivers a rare chance to enjoy waterfront living now while creating something truly exceptional for the future.