Bank Owned Waterfront Estate. Over 1.25 acre on the bay offers privacy in the heart of Destin. First floor of home features master suite with screened in porch and tongue and groove wood ceilings, 2.5 bathrooms and 1 guest suite. Also on the main level is the dining room, 2 story foyer and 2 story living area with beamed cathedral ceilings. The flagstone fireplace in the living area meets the 2 story beamed tongue and groove ceiling for a WOW effect! Old Chicago Brick ceilings with beams compliment the Kitchen and dining room. The butlers pantry with built in custom cabinets and hand forged iron arches are other luxurious touches. All wood cabinets and solid surface counter tops in Kitchen and baths. Wood floors throughout and built in cabinets in all closets. Second floor boast 3 spacious bedrooms, 2 full baths and an open catwalk with forever bay views. Enclosed loft area over the 3 car garage would make a great office, theater or workout area.   Guest house is 2 levels and ready for your personal finish selections.