BACK ON MARKET, NO FAULT OF SELLER. This is the ONLY home on the market with DIRECT BAY/GULF access for under $500k throughout the WHOLE Emerald Coast! Located on a DEEPWATER BAYOU, this home offers a LARGE DOCK with a BOAT LIFT and views of the water from throughout the home! The spacious house features UPDATES throughout, a HUGE SUNROOM overlooking the water, an abundance of parking, and an updated, detached IN-LAW SUITE overlooking the bayou! The layout provides privacy to the bedrooms on one side of the house and the open concept living area on the opposite end. Out back the waterfront in-law suite is fully independent, with its own kitchenette, bathroom, and laundry. The garage is oversized with room for a workshop, 2 cars, and storage. Additional parking out front can accommodate an RV/boat and 4 cars under 2 carports, and an additional 2-3 cars uncovered in the driveway! This home has it all, so make your waterfront dream come true!