Overlooking the third hole of the Marsh Course at the Golf Club at Bluewater Bay, this beautifully updated five-bedroom Craftsman home offers generous indoor and outdoor living in one of Niceville's most desirable gated communities. Surrounded by mature trees and lush landscaping, the property enjoys exceptional privacy while offering expansive front and back yards designed for both everyday enjoyment and effortless entertaining. A flexible two-level floor plan provides space for a variety of lifestyles, with independent living areas that offer comfort and privacy for guests, multigenerational living or a dedicated work-from-home setup. The renovated kitchen features resurfaced cabinetry, elegant granite countertops, and KitchenAid appliances, while wide-plank oak-inspired flooring and plush carpeting create a welcoming atmosphere throughout the home. Extensive improvements provide lasting value and peace of mind, including a new roof (2021), new gutters with leaf guards, a new main HVAC system (2025), upstairs HVAC replacement (2017), upgraded electrical panel (2026), refreshed landscaping, a new irrigation system (2025), a widened driveway, replacement downstairs window glass with custom screens, updated window treatments, a fenced and sodded backyard (2022), a new saltwater swimming pool, updated lighting, ceiling fans throughout, a new microwave and garbage disposal, replacement downstairs toilets and a new hot water heater (2021). The oversized screened patio, grilling area and private pool create an inviting outdoor setting for relaxing or gathering with family and friends. Bluewater Bay offers an exceptional lifestyle centered around recreation and waterfront living. Residents enjoy access to an 18-hole golf course with pro shop, a premier tennis center with tennis and pickleball courts, multiple community pools, walking and biking trails, frisbee golf and Abrams Playground. The nearby marina features a boat launch, boat club, sailing and watersports, while LJ Schooners Dockside Restaurant offers waterfront dining and a private sandy beach along Choctawhatchee Bay. Combining extensive updates, generous living space and outstanding amenities, this home presents an exceptional opportunity to enjoy one of the Emerald Coast's most established golf and waterfront communities.