Priced below February appraisal of $4.6M and boasting a bonus depreciation estimate of over $740,000, this home is perfectly positioned along the serene shores of Choctawhatchee Bay, this exceptional Santa Rosa Beach estate offers a rare blend of luxury, privacy, and waterfront living. Set on more than half an acre with 100 feet of pristine bay frontage, the property presents sweeping water views, private bay access, and thoughtfully designed spaces ideal for both entertaining and everyday relaxation. Located just minutes from Scenic Highway 30A, residents enjoy quick access to world-renowned beaches, gourmet dining, boutique shopping, and lively cultural experiences. The main residence spans approximately 6,300 square feet, boasting five bedrooms and 5.5 baths.