If you're in the market for a waterfront home, this is it! The .73-acre parcel is a unique investment in that it is zoned for both 90' x 100' highway commercial property and 90' x 250' waterfront residential. Located only 25 feet from the water, this unique home offers a sense of privacy and serenity yet located right in the Heart of Navarre. Solidly constructed from heart pine and sitting beneath an impressive 22-foot living room ceiling, this residence offers sweeping views of the Santa Rosa Sound and enjoys the closest location to the water of any residence between Gulf Breeze and Ft Walton Beach. The open living and dining areas are bathed in natural light due to high-impact, large (sound-proof) windows and sliders, and four 4' x 10' (one-inch thick) skylights. Luxury vinyl plank (LVP) flooring adds great warmth and texture to the impressive wooden beams and ceilings, and a large stone fireplace adds to the charm and character of the home. The stylish kitchen with a large center island flows through to the dining area and private waterfront deck. The floor plan encompasses two spacious bedrooms and a loft which was once a third bedroom and now serves as an expansive home office. There are two bedrooms suitable as master suites. The current master has its own private bathroom which affords privacy and safety. The suite was recently renovated to include a large, walk-in tiled shower. The adjoining private deck offers outstanding water views. Located on the 1st level is a storage room with 2 closets, a bath with corner shower, and access leading to the upper floors. There is one garage currently used as a toolroom and workshop, while the other two-car garage is oversized with additional storage and the mechanical room for the house. This residence has both electric power and gas. The fireplace uses natural gas and warms the home quickly in winter while the two AC units keep the home comfortably cool in the summer. Call today for your appointment to view!