SHARPLY REDUCED ON 12/30/14! A magnificent waterfront estate with deep-water moorage, this beautiful property seamlessly blends southern charm and stunning elegance. Enjoy over 200 feet of water frontage on sparkling Indian Bayou, just off Choctawhatchee Bay and with easy access to the Gulf of Mexico and all of Florida's beautiful Emerald Coast. The elegant main house and charming guest cottage are nestled between mature live oaks, magnolias, azaleas, and gracious palms. Inside, custom art deco furnishings and fixtures add glamour to the relaxed Florida lifestyle provided by the exceptional setting. Beautiful prefinished select maple flooring gives is the perfect stage for the main house living areas. The large foyer makes a grand entrance to the 2-story ceiling of the huge living room with its sweeping curving staircase and wrap-around balcony. On one side of the foyer, the formal dining room features a beamed ceiling, recessed lighting, and gorgeous display cabinets. The executive office is found on the other side of the foyer with rich cherry bookcases with granite desktops, as well as a sumptuous private bathroom with garden tub--just in case you started to forget that this house is all about letting go of stress!  The incredible kitchen features a huge island, ceiling-to-floor cabinets, extensive breakfast bar, and beautifully speckled silestone countertops in both black and white. Stainless appliances include a Sub-Zero fridge, 2 Miele dishwashers, a Viking cooktop, hood, double oven, and wine cooler. The large bar area across from the kitchen--perfect for entertaining your guests while the chefs are hard at work--also has a mini-fridge and icemaker. A barrel ceiling leads to a first-floor guest room and ensuite bath.  The creative-minded will love the incredible artist's studio/bonus room off the living area with its abundant windows, waterview, and access to the fully screened back deck. An elevator leads to the second story and the truly incredible master suite. The huge bedroom includes a fireplace and sitting areas. But the best part is separate ''his'' and ''hers'' wings--each get their own large walk-in closets and their own spacious bathrooms! A small second-story room makes a bunkroom for the grandkids, a quiet hideaway, or a project room. Both stories include screened decks/porches for enjoying the beauty of life on the Bayou.  This home was lovingly constructed with the finest materials and exceptional attention to detail in both practical details and design elements. Extras include 2x6 exterior construction; impact resistant doors and windows; structural foam insulation in walls, rafters, and under home; cypress siding; insulated and wrapped metal ductwork with ultraviolet lights; intercom system with radio; an 800-lb Liberty safe in its own closet with alarm; etc. A side entrance to the spacious laundry room and a full bath is perfect for those returning from a day on the water. The detached 3-car garage includes a workshop area, storage, and a second washer/dryer. Rich pine flooring and tongue-in-groove pine ceilings enhance the appeal of the carriage house, which sleeps 4. The compact but convenient kitchen even features its own water view! One of the 2 docks has 2 interior boat slips with additional room for tying up alongside. This fabulous lifestyle is located an easy drive from the Destin Airport on a quiet street with no homeowner's dues or restrictions! If you're looking for a very special residence that gives you a place to relax with room to breathe, please call for an appointment!