NEW PRICE! This rare 1.2-acre waterfront property of lots 27 & 28 is a truly distinctive navigable waterfront setting with sweeping views of a state protected estuary and Choctawhatchee Bay. Here is a unique blend of natural beauty and privacy within the quiet upscale bay front community of Bay Pine Shores with paved Cul de sac streets. The 325 ft. wide property provides privacy and has 230 feet of very navigable waterfront along Gurnee Creek with private dock for cruising into the bay and onward to the gulf for all types of water recreation and fishing. The owners obtained a state permit for an additional boat dock and lift and there is ample space to add a private pool and a carriage house. This very thoughtfully updated, meticulously maintained custom-designed home has soaring ceilings, spacious, flowing living areas with scenic water views and outdoor connectivity from every room to porches and a large covered, screened porch. The location of this home is just 4 miles from Gulf beaches, state parks, all that Scenic HWY 30A offers and close to nearby shopping, dining and Ascension Sacred Heart Hospital. A spacious, covered screened porch also captures the panoramic views, overlooking the peaceful setting surrounded by mature oaks, magnolias, azaleas, and camellias that create a quiet, park-like landscape. Property upgrades include hardwood floors, a new guest shower, updated PEX plumbing, and freshly repainted walls and cabinets throughout, and feature a 40-year steel roof, an oversized garage, and generous driveway parking. A second large driveway accommodates a camper or boat, and an additional Florida Dock Permit offers the opportunity for a second dock and boat lift, if desired. Ideally located just minutes from the Gulf beaches, Scenic Highway 30A, state parks, marinas, shopping, dining, and entertainment, and with convenient access to healthcare including Ascension Sacred Heart Hospital, this property offers a rare balance of waterfront privacy and everyday accessibility.