Exemplary coastal charm juxtaposed beautiful panoramic gulf views with prominent positioning in the heart of Miramar Beach characterize this masterful residence which offers over +3,800 sq ft of living space spanning an impressive four-story vertical footprint which allows for sweeping gulf vistas. This property conveys with a 70'x 60' additional vacant land footprint allowing exceptional room for growth including a potential gulf view carriage house, larger pool, etc. Exceptional investment opportunity abounds with $237,000+ in projected gross annual rental revenue. This five bedroom home epitomizes coastal living, prominently situated just a half block off the gulf with close proximity to Pompano Joes restaurant and beach access. Notable features include a private elevator, 10-11' ceilings with vaulted master bedroom, spacious pool area complete with privacy fencing, two-car garage, covered wrap-around porches with tongue & groove cypress accents, oak hardwood flooring on the second and third floor, durable porcelain tile adorns the first level and wet areas. The open floor-plan accentuates this property's generous proportions & thoughtful design; the first floor features a spacious game/living room all of which is open to the rear pool deck, perfect for entertaining and complete with bunk spaces as well as a full king bedroom suite. The second floor is the epitome of open living with generous proportions including an open kitchen featuring stainless appliances as well as custom cabinetry artfully decorated and professionally designed. The second level also features a suite & ensuite bathroom. The third level offers a large master suite complete with an ensuite bathroom that is outfitted with dual vanities, spacious walk-in shower and private water closet. The third floor also offers additional bedroom suites and a spiral staircase access to the roof-top deck oriented to offer uncompromising sunset views and views over the Gulf of Mexico. Miramar Beach offers world class shopping, restaurants and local entertainment as well as access to the beautiful white sand beaches and emerald green waters of the Gulf of Mexico.