WATERFRONT ESTATE 1.56 acres! Discover the ultimate waterfront opportunity in the heart of Perdido Key, Florida! This rare offering combines a luxurious 3-bedroom, 2-bath waterfront home plus an adjacent .81-acre vacant waterfront lot on River Road, creating a unique chance to own over 150 feet of premier waterfront property. While the owner is willing to sell the properties separately, purchasing them together opens endless possibilities for creating your dream coastal estate. This luxurious waterfront residence features deep water access, a private dock with a covered boat lift, and breathtaking views of Old River. The open floor plan includes a spacious living area, a modern kitchen with new appliances, and a master suite with a private waterfront balcony. Updates like a new roof (2021) and fresh exterior paint ensure move-in readiness. Additional perks include a versatile bonus room, and ample garage space. This home was untouched by storm waters during Hurricanes Sally and Ivan . The adjacent .81-acre (75-foot waterfront) vacant lot offers stunning sunset views. Ideal for a large private dock, this deep-water lot previously accommodated a 58-foot yacht. Located steps from the beach and local favorites, it's a perfect blank canvas for a custom waterfront home, all with no HOA restrictions. Whether you're seeking a luxurious coastal retreat, an investment opportunity, or a combination, this offering has it all. Build a second custom property on the adjacent lot or enjoy the flexibility of having two separate waterfront parcels. Don't miss this once-in-a-generation opportunity to own a combined waterfront property with unparalleled potential. Contact us today to schedule your private tour!