Rarely does a property offer this much flexibility, versatility, and investment potential in one package! This beautifully renovated and updated 3-bedroom, 3-bathroom condo at Seacrest Condominiums on Okaloosa Island offers incredible Gulf and Bay views, outstanding sunrise and sunset vistas, and a unique lockout configuration that gives you the option to enjoy the entire property or utilize a portion as a separate income-producing dwelling. The main residence features 2 bedrooms and 2 bathrooms, while the attached 1 bedroom, 1-bathroom lockout (415A) functions as a true separate dwelling with its own private exterior entrance/exit, kitchenette, and washer/dryer. The lockout has successfully been used for short-term guests, while the 2-bedroom/2-bathroom main residence has been lovingly enjoyed exclusively by the sellers and their family and has never been placed on a rental program. This creates an exceptional opportunity for an owner who wants rental income while retaining a private residence or the flexibility to use the entire condo for themselves.The condo has been completely renovated and thoughtfully updated, with both HVAC systems recently replaced-one in October 2025 and the other in July 2026. Major improvements to the entire complex provide additional peace of mind. In 2022, a $41,000 per-unit assessment was enacted, with New windows, sliding glass doors, waterproofing, exterior paint, and the roof was replaced in 2024! Come see this property for yourself TODAY!!