CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Huge price reduction! Now is the time to get your waterfront home just in time for Summer Fun!! Welcome to 7122 Bay Crest Rd.! Here's your opportunity to own this wonderful Water Front Home, your new Florida Coastal Oasis! This home is nestled on shores of Gainer Bayou with direct access to North Bay and then to St. Andrew Bay or the Gulf for all your Salt-Water boating activities! This location is conveniently located with access to the airport in about 15 minutes, beautiful sandy white beaches of Panama City Beach in about 25 minutes, Tyndall AFB in about 30 minutes, and you'll be shopping in Lynn Haven in 10 minutes! Situated on .725 acre, fully fenced, this property offers 100 ft of waterfront with a covered fishing dock with fresh water and electricity, low voltage lighting, fillet table, rigging station and rod holders. Next to this is the covered boat dock with lift, and another boat docking space next to it. Closer to shore there is a platform where you can access/park your jet skies or kayak! Next you'll find the detached studio, mother-in-law or guest quarters which also has a nice deck facing the water and includes living/dining/kitchen area, bedroom, and bath! Moving on, you will find a nice relaxing saltwater pool, a large open deck and nice screened in room. The perfect place to sit and enjoy the shimmering waters and natural beauty this property has to offer! The home is approximately 2329 sq ft. featuring an amazing great room with a wall of windows overlooking the beautiful backyard and water views, this is open to the spacious living room with a wood burning fireplace and built-in cabinets and shelves, and to the kitchen and dining area with granite countertops, stainless steel appliances and a nice island for easy dining or prep space! As you enter the home you will see a large foyer area that could easily be used for you additional space needs. Go to the left and you will have the guest bath and a large guest bedroom (this was 2 bedrooms and can be converted back if needed). Wake up to breathtaking views every morning from the primary suite with double doors leading out to the back deck overlooking the pool and the Bayou! The primary ensuite features a double sink vanity, separate shower and jetted tub! The laundry is located in the hall adjacent to the kitchen, and the garage has a workshop with a/c. There is covered parking as well that can easily accommodate 2 large vehicles located in front of the garage. You will also have a separate 10 x 20 storage building with loft shelves on each end of the building. There are many more features to this home you will surely love so call your favorite Realtor today to schedule your private showing! Thank you for considering this incredible property! All information and measurements should be verified by buyer or buyer's agent if important.