Build your dream waterfront retreat on this exceptional residential homesite offering 50 feet of waterfront frontage and an impressive 200+ foot lot depth. Tucked away on the second-to-last lot of a quiet dead-end street, this property offers a rare combination of privacy, flexibility, and stunning water access. With residential zoning that allows both a primary residence and an additional dwelling unit (ADU), the possibilities are endless--create a private guest house, income-producing rental, or multigenerational living space. Favorable building setbacks of 5 feet on each side, 20 feet from the front, and 50 feet from the mean high water line leave more than 4,000 square feet of buildable footprint, providing ample space to design the custom waterfront home you've been envisioning. The buildable footprint is within a "X" Flood Zone (not a flood zone), the backend of the lot slopes into VE Flood Zone near the waterline area. Enjoy peaceful waterfront living while remaining just minutes from everything the Emerald Coast has to offer. Located directly across the bay from the world-famous white sand beaches of Destin, you'll also appreciate convenient access to Niceville, Eglin Air Force Base, shopping, dining, boating, and recreation. Whether you're looking to build your forever home, a vacation getaway, or an investment property with additional living quarters, this waterfront lot offers an outstanding opportunity in a highly desirable location. Property is listed BELOW market value for a quick sale. **Please do not walk the property without permission.**