Discover a truly unique opportunity on this expansive corner lot located on N. Blue Angel Parkway. This versatile property consists of two separate deeded lots and includes a spacious main home (~2,000 sq ft) plus a charming 900 sq ft cottage, offering instant rental income and outstanding flexibility for future redevelopment, Airbnb potential, or multi-unit expansion. Set on over 1.42 acres, this property delivers exceptional space, privacy, and long-term value. The grounds feature 15 mature, producing pecan trees, adding seasonal income and a beautiful natural landscape. Property dimensions include 186 ft of frontage on Blue Angel Pkwy and 321 ft on Perkins Street, providing excellent visibility and access. Separate parcel: 36-2S-31-1005-006-001. Currently zoned (LDR – Low Density Residential), the area has seen several nearby properties successfully upzoned for small business and commercial use, positioning this property as a prime candidate for future commercial or mixed-use opportunities. With active discussions about Blue Angel Parkway expanding to a four-lane road, appreciation potential is strong. A brand-new roof (August 2025) adds peace of mind and value to the main home. With over an acre and a third, the land supports endless income-producing possibilities—build additional rental units, expand parking for RVs or boats, add storage buildings, operate a home-based business, or create a multi-generational living setup. The layout is also perfect for Airbnb or short-term rental income, offering guests convenience and privacy with both homes being independently rentable. Located just minutes from NAS Pensacola, shopping, schools, restaurants, and only a short drive to the world-famous Pensacola Beach, known for its emerald-colored waters and sugar-white sand, this property combines comfort, income, and desirable Florida living. Additionally, Perdido Key beaches are also nearby, making the location even more appealing for future tenants or short-term renta