Coastal Cottage with Rental Potential + No HOA! Discover your slice of beach paradise! This charming 2-bedroom, 1.5-bath cottage sits on a corner lot with a semi-circle drive for ultimate parking convenience. Just two blocks from the Grand Lagoon and 4 blocks to the Gulf, you can easily launch your kayak, spend the day at the beach or take your boat to nearby ramps for a day on the water.The prime location puts you in the center of it all - the white sand of Panama City Beach, the area's best seafood restaurants, St. Andrews State Park, entertainment, and attractions.The covered front porch is made for morning coffee or evening cocktails, while the fenced back courtyard provides you with a private oasis for entertaining.Inside, you'll love the open-concept layout featuring a remodeled kitchen with several new appliances, an island, as well as a dining area. The primary bath boasts a lovely walk-in shower. Both bedrooms have walk-out access to the back patio. New stacked washer and dryer remain with the property.A detached improved outbuilding equipped with water and mini split for heating and cooling has exciting potential to be used as a home office, workshop, she-shed, guest suite or income-producing ADU. With no HOA and no city restrictions, this property offers ultimate flexibility.Although it hasn't been used as a short-term rental, the home carries an estimated annual rental projection of over $31,000, making it a fantastic option as an investment property.Majority of property is in FEMA Flood Zone X, remainder in AE.Whether you're looking for a vacation getaway, an income-producing investment, or a full-time residence, this coastal cutie checks all the boxes.