Discover a rare opportunity for multi-generational living, income potential, or simply the luxury of extra space at 65 Happy Hollow—a beautifully remodeled property offering exceptional versatility on a peaceful 0.57-acre lot in Freeport. The main home features 3 bedrooms and 2 baths, fully redesigned from the ground up with modern finishes, an open layout, and thoughtful attention to detail. A brand-new Accessory Dwelling Unit (ADU) sits just behind the main residence, offering 1 bedroom, 1 bath, a full kitchen, and its own living room—ideal for extended family, guests, or rental income thanks to the area's minimal restrictions. (Bedroom/bath count reflects both dwellings combined.) Inside the main home, you're welcomed by a bright, expansive living area featuring vaulted ceilings with exposed beams, recessed lighting, and a white wood-paneled ceiling that enhances the coastal-inspired charm. Large windows fill the home with natural light, while a modern electric fireplace adds warmth and character. The beautifully updated kitchen is a chef's delight, offering white cabinetry, quartz countertops, stainless-steel appliances, a farmhouse sink, and brass fixtures. Hardwood flooring flows seamlessly throughout the home, creating a unified and elegant living space. Bedrooms are generously sized with large windows overlooking the natural surroundings. Bathrooms showcase standout design, including a walk-in shower with iridescent teal tile and gold fixtures and another with stylish star-pattern flooring. With five total closets and a well-designed hallway layout, storage and functionality are abundant. Outdoors, the spacious lot provides room to relax and enjoy the natural beauty of Happy Hollow. The property includes a paved driveway with ample parking, partial fencing for privacy, and open green space with room to breathe. The private community dedicated boat launch allows you to enjoy the beauty of nature on Black Creek which leads to the Choctawhatchee Bay via boat, kayak, or paddleboard. Fishing, swimming, and watersports are all at your disposal with this nearby boat launch. Perfectly located, the home sits just 2.4 miles from US Hwy 331, approximately 5 miles to downtown Freeport, and under 10 miles to Hwy 98offering easy access to shopping, dining, schools, and the beaches beyond the 331 bridge while still maintaining the peaceful charm this area is known for. Whether you're looking for flexibility, privacy, investment potential, or a beautifully updated home in a serene setting, 65 Happy Hollow delivers it all. Grass in 1st photo is AI Generated to give you an idea of what it can look when the whole property is seeded in grass. Schedule your showing today and experience the opportunity this unique property offers.