A rare opportunity to purchase the last sizable lot in Miramar Beach that's only 30 feet from it's beach access, this property has substantial potential including unobstructed beach views and gross rental income of up to $300K. As an added bonus, a 720 square foot cottage that is currently undergoing extensive renovations will convey with the sale. Exterior improvements on the existing home include a new metal roof, a new screened in front porch, Hardie board siding, new doors, and new vinyl windows. Interior renovations consist of new plumbing, insulated foam in the attic and under the house, new flooring, new kitchen cabinets and granite counter tops, new vanities, new marble shower with rainfall shower head/diverter, new sheet-rock, new solid wood doors with crystal Emtek hardware,