Back on market at no fault of the sellers. Attention Investors! Here's your chance to own 5 individual income producing waterfront units on Soundside Drive in Gulf Breeze, located between Pensacola Beach and Navarre Beach. 5231 Soundside is a residential multi-family property on .41 acres made up of "The Treehouse" and "The Apartments." The Treehouse (2010) is a 512 sq ft studio house on pilings with a full kitchen, bath, laundry, walk in closet, large storage shed, deck with water views and covered parking. The apartments (1982) is a 4-plex consisting of two 2/1 units and two 1/1 units, each with a full kitchen, bath, laundry, shared storage shed, and extensive decks and covered porches with breathtaking views. Each of the 5 units has independent utilities and separate addresses. Steps from the Woodlawn Beach Boat Ramp, this boating and fishing paradise includes a sandy beach, stone fire pit, picnic area, and low-maintenance landscaping. Catch red fish, speckled trout, crabs and beautiful sunsets from the shore. This versatile location is coveted as a peaceful vacation destination. Whether you’re starting a short-term rental business or want to live in one unit and rent the rest, the possibilities are endless. Highly desirable school district too! (New roof 2024, Unit G complete renovation 2025. Upgraded from septic to city sewer 2025). Business license available permitting short/long term rentals specific to property due to its grandfathered in multi-family usage. Currently 5231/5233 Soundside Dr function as one combined property called Soundside Cove. This is a legally subdivided parcel of MLS #668745, for sale individually as well as together as a whole.