No rental restrictions, no pet restrictions, and no HOA fees--an increasingly rare combination that offers exceptional flexibility for full-time residents, second-home owners, and investors alike. Located directly across the street from public beach access and less than 200 feet from the sugar-white sands of the Gulf, this beautifully updated townhome also enjoys Gulf views from the second floor and is just moments from a public boat launch, placing the very best of coastal living at your doorstep. Thoughtfully renovated throughout, the residence pairs timeless coastal charm with modern functionality. A freshly painted interior welcomes you with bright, beach-inspired finishes, shiplap accents, and durable luxury vinyl plank flooring throughout the main living spaces. The open-concept floor plan seamlessly connects the living, dining, and kitchen areas, creating an inviting setting for entertaining or relaxing after a day on the water. Upstairs, three spacious bedrooms and two full baths provide comfortable accommodations for family and guests. The private primary suite serves as a peaceful retreat with beautiful Gulf views and an updated ensuite bath, while coastal finishes and shiplap detailing continue throughout the upper level, creating a relaxed yet refined atmosphere. Outside, a private fenced courtyard extends the living space with a spacious deck, cozy fire pit gathering area. Freshly repainted front and rear decks further enhance the home's inviting appeal. Recent improvements include a new shingle roof, coastal-grade HVAC system, updated electrical panel, renovated bathrooms, modern lighting and fixtures, and fresh interior paint throughout. Offered fully furnished with smart TVs in every room and private parking, this turnkey residence is ready to enjoy from day one. Whether your days are spent on the beach, boating on the bay, or exploring the nearby restaurants and shopping, this exceptional property offers an increasingly rare combination of unrestricted ownership, Gulf views, thoughtful updates, and an unbeatable location on Okaloosa Island. Seller will also consider a trade of other real property.