480 Sugar Dr, Santa Rosa Beach, FL 32459

Recent interior painting ensures a fresh aesthetic, and the seller is now offering a $20,000 concession at closing! Main AC and apartment AC above the garage were replaced in 2024. Upstairs AC was replaced in 2021. This stunning lakefront estate, situated on over an acre of meticulously landscaped grounds, boasts of 200 feet of pristine waterfront and offers a prime investment opportunity. The property's potential for development into a bed and breakfast or yoga retreat is substantial. Priced under $300 per square foot, this exceptional property presents a unique opportunity for renovation and value enhancement. Upon entering, discover an entertainer's paradise, complete with a grand horseshoe drive that sets the tone for an unforgettable lakeside experience. The first floor features a cozy day room with a fireplace, a theater room, and a well-appointed kitchen with a chef-inspired design. The primary suite serves as a serene oasis, complete with a king-sized bed, separate sitting areas, and a luxuirous en-suite bath. Three additional guest bedrooms and a private pied-a-terre above the garage provide comfort and privacy for all guests. Outdoor amenities include an oversized, screened-in pool, a freshwater lake, and a freestanding hot tub. The property's lack of an HOA provides new owners with the freedom to add any additional amenities they desire.