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SHARPLY REDUCED!!! Special, rare opportunity to acquire a private, pristine waterfront estate encompassing approximately 4.05 acres and well over 500' fronting Mack Bayou, displaying a stunning view corridor across the entire length of Mack Bayou to the Choctawhatchee Bay. The original owners' vision of a gracious ''hacienda'' lifestyle has been beautifully brought to life on the magnificent setting that includes three contiguous lots, with additional area to expand the footprint of the existing home, or perhaps custom design and construct a secondary waterfront dwelling, which would create the ultimate family compound. The main house reflects the Spanish colonial style reminiscent of old Florida. It features a gorgeous two-story living space with barrel ceiling, towering fireplace,... And beautiful wood floors, a wood-beamed formal dining room, fabulous kitchen, first floor master suite, second floor apartment, two additional upstairs bedrooms, and a home office. The estate maximizes the flow between indoor and outdoor living that is such an essential part of the appeal of the Emerald Coast, with balconies, screened and open porches, an incredible backyard pool, patio, and raised, covered cabana with summer kitchen, bonfire patio, and so many other exceptional features, finishes, and details. In addition to the three-car attached garage, featuring mahogany doors, a separate building contains two additional garage spaces and a spectacular private office/studio. There is an expansive waterfront screened porch and pavilion graced by the picturesque moss-filled, mature trees that provide a gorgeous canopy, elevated to capture fabulous breezes off the bay for year-round enjoyment. With its enormous living space, a kitchen fully equipped to grill the day's catch, magnificent fireplace, and powder room, it's perfectly suited to accommodate large groups while enjoying wonderful ambiance, without disrupting daily life in the main house. Huge, salvaged timbers, very selectively sourced, are incorporated into the beautiful architecture throughout most of the estate. The property includes two boat docks and a boat ramp. The entire grounds exhibit lush landscaping, which is meticulously maintained. Already a fantastic generational family compound with two electric gated entrances, there is ample room for an additional home to make this an even more amazing legacy estate, located in convenient proximity to the commercial conveniences offered at Grand Boulevard, Topsail (Beachfront) State Park, Publix, and Sacred Heart Hospital, all within a 5-minute drive. Private showings must occur with a minimum of 48-hours advanced notice, as the estate is owner-occupied. Please inquire for further details.