Situated on more than a half-acre in Miramar Beach, and right on the Gulf of Mexico, this inspiring beach bungalow has been fully renovated and provides picturesque views of the emerald green waters only footsteps away. The 3,616-sq.-ft. home is projected to eclipse $409k in gross rental income, sold fully furnished, and can accommodate 24 people with five bedrooms in the main house and an additional two bedrooms in the carriage house. Completely remodeled from the ground up, the exterior of the home offers all new HardiePlank, new roof and impact glass windows, a spacious and updated outdoor deck with expansive beach views for outdoor dining or entertaining, a new privacy fence, and a private path to the gulf waters. Interior provisions include an open living area with expansive... windows and a high ceiling, while the gourmet kitchen features quartz countertops, brand new stainless steel appliances, and a wine cooler. This home has been freshly painted inside and out and has several high-end finishes, including elegant furnishings and decor, modern coastal light fixtures, new flooring throughout, bathroom upgrades, and beautiful custom-tiled bathrooms. Additional updates include new A/C units, tankless hot water heaters and gas pool heater. Offering 50 feet of gulf frontage and plenty of parking, this exquisite home offers high rental earning potential, or an idyllic locale for a secondary home. Take a dip in a private pool or enjoy easy access to one of the infamous Emerald Coast beaches - just steps from the house. Located off Highway 98, this home is also just a quick drive to some of the area's best shopping and dining destinations.