42 Palmetto St, Santa Rosa Beach, FL, 32459

Investment Opportunity Meets Primary Living! Looking for a primary residence with an investment opportunity to help pay the mortgage? This property is perfect for you! Located in the desirable Turquoise Beach neighborhood of Santa Rosa Beach, just off Mack Bayou Drive, this three-story Florida Cottage offers a unique blend of living space and rental potential. The first floor features a lockout unit complete with a large bedroom, bathroom, living area, and kitchenette, including a sink, refrigerator, and cabinetry. Ideal for use as a long-term or short-term rental to offset your mortgage, or as a convenient mother-in-law suite for guests. Plus, Turquoise Beach has no HOA fees! The second floor hosts the main living area with an open-concept floor plan. Youll find a spacious living room, kitchen, and dining area, along with a large balcony perfect for entertaining. There is also a roomy guest bedroom with an ensuite bathroom and a private balcony, plus a convenient half bath located off the kitchen for guests. On the third floor, the master suite offers a spacious bedroom with two walk-in closets, a large balcony, and an ensuite bathroom featuring dual vanities, a separate water closet, a soaking tub, and a walk-in shower. Across from the master suite is the final guest bedroom, which includes an ensuite bathroom and private balcony. The property also boasts a large yard with ample parking and no HOA fees. The seller has installed solar panels to reduce electricity costs and will pay off the loan upon the sale of the home. Additionally, a pre-inspection has been completed, with all issues addressed and repaired. The lockout unit has new LVP flooring installed in the bedroom and has been freshly painted. This home is full of potential, competitively priced, and just minutes away from Walton County schools, 30A, Sacred Heart Hospital, and Grand Boulevard, which offers dining, shopping, and entertainment options.