BRING AN OFFER! COME SEE IN PERSON! This turnkey, income-producing waterfront townhome sits directly on the emerald waters of the highly desirable Navarre Beach and offers projected annual rental income of $150,000!!! NO HOA FEES! WOW!! Sold fully furnished and rental-ready, the three-story layout comfortably sleeps up to 10 guests, making it ideal for short-term vacation rentals or a second home with strong income potential. The first floor features an open-concept living, dining, and kitchen area with tile flooring throughout and sweeping Gulf views. The updated kitchen includes freshly painted gray cabinetry, granite countertops, stainless steel appliances, and an ice machine, while the spacious partially covered balcony provides ample outdoor seating--an attractive feature for renters seeking a true beachfront experience. The second floor offers three well-appointed bedrooms, two of which have private covered balconies overlooking the Gulf, along with a conveniently located full bath and laundry closet. The third level enhances revenue appeal with a private primary suite featuring its own covered balcony with Gulf views, a jetted tub, separate walk-in shower, double vanities, walk-in closet, and private water closet. An additional large bedroom on this level includes views of the Intracoastal Waterway and a private full bath, offering flexibility for multi-family or group bookings. Located just minutes from Navarre Beach Marine Park, Navarre Beach Boat Launch, and the Navarre Beach Fishing Pier--the longest fishing pier in the Gulf--and a short scenic drive through Gulf Islands National Seashore to Pensacola Beach, this property benefits from strong year-round rental demand driven by beachfront access, boating, fishing, and water recreation. With limited Gulf-front inventory and no HOA restrictions, this property presents a compelling opportunity for investors seeking immediate cash flow and long-term coastal appreciation. ASK FOR THE CASH FLOW SHEET! Come see it today!!