1 of 3 exclusive bayou front lots available with the Development Order already approved, making this a rare opportunity to secure a waterfront homesite in Santa Rosa Beach before development advances. Located in the private Rosestar Subdivision off Bay Magnolia Lane, this property offers the best of coastal living with boat slips permitted for easy access to boating, kayaking, paddleboarding, fishing, and endless waterfront adventures right from your property. A gravel access road will be added as part of the development while preserving the natural beauty, privacy, and peaceful waterfront character that make this property so special. The lot also offers flexibility for future development while maintaining the surrounding natural environment. An HOA is in place with no HOA dues and exists solely to maintain the subdivision's shared 3 acre wetlands common area. Ownership of the common area is limited to Lot 1 and Lot 2 owners, who will enjoy deeded access for a future boat dock and/or gazebos, enhancing the waterfront lifestyle while helping keep the individual homesites in desirable Flood Zone X. Opportunities like this are becoming increasingly rare, offering approved development, boating access, natural beauty, privacy, and long term value in one exceptional waterfront location.