Hidden gem waterfront townhome near NAS and no Airbnb restrictions! Community boat dock available for rent and your personal dock space coming soon! Welcome to "Down on the Bayou." This community is being revitalized one unit at a time as owners discover the value of having water access that leads to Pensacola Bay from Bayou Grande. The HOA Boat Slip deep enough for large speedboats is available for rent at $400/month. This unit was remodeled in 2022 including new LVP, paint, granite countertops, tile showers. Only 4 units here have a shower on the lower level like this one. Airbnb rental Projections up to $132/night - see attached. This unit is walkable to Gary's Brewery! Similar sales in this community come in around $270-275k- and #5 Appraised for $285,000. The owner would sell another 2 bed 2 bath unit if desired for double the income. Enjoy the community space with a bonfire on the shoreline under the oak trees. Red fish and catfish found here, and dolphins seen occasionally. Roof 2022 and the property is not in a flood zone. This property qualifies for up to $6,000 grant for closing expenses and as low as 6.5% interest rate. Or as low as 6% interest rate if no closing cost needed. Insurance as low as $2,501 - see quotes attached. Owner Financing is available with 25% down payment.