Unit 107 Emerald Waters is located on Scenic Gulf Dr in the Frangista Beach area of Miramar Beach. This 2BR, 2BA is conveniently located on the first-floor -- meaning no need to ever wait on elevators. Park near your unit and enjoy easy access from the condominium to the open balcony. The kitchen features granite countertops, custom tile-backsplash, under-cabinet lighting, stainless steel appliances, and pendant lights over the breakfast bar. The primary suite includes an updated bathroom with a tiled walk-in shower and double-sink vanity. Notable details include 9-foot ceilings, crown molding, updated lighting & plumbing fixtures, tile plank flooring throughout the main living areas and both bedrooms, and a brand-new HVAC system. The laundry room is equipped with a FULL-SIZED washer and dryer. The guest bedroom is designed for maximum versatility, featuring shiplap accent walls and custom built-in twin-over-king bunks that provide additional sleeping space without sacrificing comfort. The adjoining guest bath offers a tub/shower combo, tile surrounded with a sliding glass enclosure. Step outside to a covered porch and grassy area, perfect for enjoying the gulf breeze or providing convenient outdoor space for pets. Emerald Waters is a low-density, 36-unit complex with a pool, hot tub, grilling area, ample parking, and professionally maintained grounds. The seller anticipates $33K in gross rental revenue for 2026. The community improvements that have already been completed and funded, including a new roof, structural columns, exterior re-painting, and updated exterior lighting. Scenic Gulf Drive is a top southwest Walton County destination. Emerald Waters is convenient to the beach, restaurants, a coffeehouse with Wi-Fi, and a short drive to Miramar Beach destinations. This turnkey condo offers an exceptional combination of location, convenience, and revenue stream potential.