Hidden gem waterfront townhome near NAS and no Airbnb restrictions! This Property comes with your designated spot to build your own dock! There is a community boat slip available for rent as well. 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. 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. It is walkable to Gary's Brewery! Enjoy the community space with a bonfire on the shoreline under the legendary oak trees. Red fish, catfish found here, and dolphins seen occasionally. Roof 2020 and the property is not in a flood zone. Extended patio and end unit! This property qualifies for a grant for closing expenses. Insurance as low as $2,501 - see quotes attached. Owner Financing is available with 25% down payment. This unit appraised for $285,000 in 2023! See Attached Appraisal.