A rare chance to own 114 feet of prime Pensacola Bay frontage on one of the most coveted streets in Gulf Breeze Proper. This is one of the best-priced waterfront lots to come to market in the area in recent memory. Sweeping open-bay views, unforgettable sunsets, and front-row seats to the world-famous Blue Angels. Unlike neighboring bayou properties, this is direct Pensacola Bay frontage, the area's most sought-after waterfront address. At this price point, the value per foot of bay frontage is unmatched by anything currently on the market. Situated among the highest elevation lots in Gulf Breeze, the property requires no flood insurance and delivers unobstructed water views. Mature trees provide natural privacy and a sense of established neighborhood character, with dolphins, and ospreys making regular appearances. Just minutes from Pensacola Beach, downtown Pensacola, and Gulf Breeze's A-rated schools, in a vibrant golf cart-friendly neighborhood with parks, tennis, pickleball, and basketball courts nearby. The existing 4-bedroom, 3-bath home with over 3,200 sq ft has been lovingly maintained by the same family since 1979 and offers solid options for renovation or redevelopment. Features include water-view living areas, a central fireplace, a waterfront patio, and a lower-level bonus space. For many buyers, the true value lies in the exceptional site itself and the opportunity to build a custom waterfront estate. Opportunities with this level of direct bay frontage in Gulf Breeze Proper are increasingly rare. A true legacy property for those seeking one of the finest addresses on Pensacola Bay.