HOUSE + LOT | 1.56 Acres | WATERFRONT ESTATERare opportunity to own a combined 1.56-acre waterfront estate in the heart of Perdido Key, Florida. This rare offering includes a luxurious 3-bedroom, 2-bath waterfront home plus an adjacent .81-acre vacant lot—both located on River Road with over 150 feet of waterfront. Ideal for expansion, investment, or added privacy. The properties may be sold separately; however, purchasing both presents a unique chance to build a private coastal retreat or multi-home compound. Enjoy stunning water views, mature trees, and a highly desirable location close to beaches, dining, and boating access.This luxurious waterfront residence features deep water access, a private dock with a covered boat lift, and breathtaking views of Old River. The open floor plan includes a spacious living area, a modern kitchen with new appliances, and a master suite with a private waterfront balcony. Updates like a new roof (2021) and fresh exterior paint ensure move-in readiness. Additional perks include a versatile bonus room, and ample garage space. This home was untouched by storm waters during Hurricanes Sally and Ivan . The adjacent .81-acre (75-foot waterfront) vacant lot offers stunning sunset views. Ideal for a large private dock, this deep-water lot previously accommodated a 58-foot yacht. Located steps from the beach and local favorites, it’s a perfect blank canvas for a custom waterfront home, all with no HOA restrictions.Whether you’re seeking a luxurious coastal retreat, an investment opportunity, or a combination, this offering has it all. Build a second custom property on the adjacent lot or enjoy the flexibility of having two separate waterfront parcels. Don’t miss this once-in-a-generation opportunity to own a combined waterfront property with unparalleled potential. Contact us today to schedule your private tour! Buyer to verify all information during due diligence.