Nestled beneath majestic oaks in historic Grayton Beach, this property reflects the beauty of old NW Florida. The oversized lot boasts a furnished residence, and guest house plus 3 car garage. (The extra square footage of heated/cooled space in guest house is not reflected on PA website but size is represented on survey) Total building area encompasses 2,396 sf (1560 current H&C). Currently income producing with transferable bookings into 2024. Rental income for 2023 is $113,162.03 with 10 weeks of owner use. This annual amount can significantly be increased by finishing out garage for another 1146 of living space and adding a water feature! Directly across the street to the east, sits Western lake. Offering tranquility and privacy within the fenced perimeter, the parcel sits only 1/4 mile north of the emerald waters of the Gulf of Mexico. Fine dining, shopping, fishing, kayaking, boating, biking and beaching are some of the pleasures available at Grayton Beach. The slow paced surrounding atmosphere is celebrated by residents and visitors alike in this quaint coastal community. NO HOA! The existing 3 car garage can easily be transformed into a significant extra H&C space, to include a large living area, two bathrooms and 2 bedrooms. Quote is available upon request. SO MUCH MORE EXCITING POTENTIAL!! Buyer/Buyer's Agent to verify all information deemed important