*NOW OFFERING $50,000 REMODELING CREDIT TO BUYER* Big and bold, spanning 5,880 square feet! This four-story beach retreat with a heated and cooled crow's nest offers nine bedrooms, eight bathrooms, and a layout designed with vacation living in mind. Located in Frangista Beach, this property creates flexible sleeping arrangements and multiple gathering spaces that make hosting large groups both comfortable and practical. The first floor is all about fun and function. The entertainment area features a pool table and full-size refrigerator, making it the perfect hangout zone after a day in the sun. Two bunk rooms and two additional bedrooms are located on this level. One bunk room connects via a Jack-and-Jill bath to a neighboring bedroom that could easily be used as an office or flex space Another bedroom enjoys a private ensuite bath, while the second bunk room has private access to a shared hallway bath. A spacious laundry room on this floor provides room for extra storage, an often overlooked but valuable feature for short-term rental turnover. Step outside to your own private pool and spa, complete with a dedicated grilling area, creating a natural extension of the entertainment space. The second floor serves as the heart of the home, with an open-concept living, dining, and kitchen area designed for gathering. The kitchen offers abundant cabinet storage, expansive granite countertops, a breakfast bar, pantry, and double dishwashers, an ideal setup for large groups. From the living area, step out onto the covered balcony for added indoor-outdoor living. Two guest bedrooms are also located on this level: one with a private ensuite bath and another with private access to the shared hallway bath. On the third floor, you'll find two primary suites, each with its own private bathroom. One features a double vanity and a seating nook within the bath area and the closet. The second primary offers a deep walk-in closet, private covered balcony, double vanities, and a separate walk-in shower and jetted tub. An additional guest bedroom with a private ensuite bath and a conveniently located laundry closet complete this level. At the top of a spiral staircase, the heated and cooled crow's nest provides a unique bonus space currently used as a tenth sleeping area. From here, enjoy access to a third covered balcony as well as a spacious open-air patio at the rear of the home. Currently operating as a short-term rental, this property offers substantial income potential and the flexibility to continue as an investment property or transform into a private coastal retreat. Its creative layout maximizes sleeping capacity and gathering space, making it particularly well-suited for large groups seeking both connection and comfort. Beach access can be found at the gated entrance of Hollywood Street. Frangista Beach is located right in the heart of Miramar Beach within close proximity to many great dining and shopping options. Surf Hut, Royal Palm Grill, Whale's Tail, Pompano Joe's, Acme Oyster House, Two Birds Cafe, Seascape Towne Center, Silver Sands Outlets, and much much more.