Situated on approximately one acre with 270± feet of Perdido Bay frontage, this gated waterfront home offers beautiful views, generous living space, and a private setting on Innerarity Point. With over 5,800 square feet, the home features 5 bedrooms, 4.5 bathrooms, multiple living areas, an office with custom built-ins, and a game room. Large windows throughout fill the home with natural light while showcasing the bay. The kitchen features granite countertops, a Thermador gas range with grill, Bosch double ovens, custom cabinetry, pantry, breakfast area, and a dry bar with wine cooler. The main-level primary suite overlooks the water and includes a sitting area, spacious walk-in closet, and private bath. A heated and cooled sunroom with a wood burning fireplace and sliding glass doors creates additional year-round living space while connecting seamlessly to the outdoor entertaining areas. Upstairs you'll find additional bedroom suites, a second living area, game room, and balcony overlooking the property. Outside, enjoy a heated saltwater pool, multiple patios and an expansive lawn leading to the bay. The private pier includes two boat lifts (18,000-lb and 6,000-lb) along with an elevated sunset deck, making it easy to enjoy life on the water. Additional features include a 3-car garage, natural gas generator, central vacuum, storm shutters, hardwood flooring, and ample storage. Listed at appraised value, this property offers an exceptional opportunity to own a waterfront home in one of Innerarity Point's most desirable locations, just minutes from Perdido Key beaches, marinas, dining, and shopping.