Welcome to 108 Osprey Lane, a beautifully updated property nestled on a quiet cul-de-sac, centrally located in this desirable Santa Rosa Beach neighborhood. Set on a generously sized 0.8-acre wooded lot, this home offers privacy, versatility, and convenience--all within minutes of the bay and the emerald waters of the Gulf.Step inside to find vaulted cedar wood ceilings throughout the entire home, creating a warm, open atmosphere. The layout is light-filled and inviting, featuring new flooring throughout, updated bathrooms, and a freshly renovated kitchen with newly added clerestory windows that bring in warm, natural light.The thoughtful floor plan includes three bedrooms and three full bathrooms, with a unique transformation of the third bedroom and bath into a fully functional studio with a private entrance and lock-off access through the laundry roomperfectly designed for short-term rental income with projected earnings of $33,000/year. This flexible space sleeps 4 and also makes a fantastic guest suite for out-of-town visitors or family looking for privacy and comfort while visiting. The home is being offered fully furnished and ready for immediate move-inmaking it a true turn-key opportunity whether you're looking for a primary residence, second home, or income-producing property.

The main house also offers excellent income potential, with projected annual rental income exceeding $50,000, allowing for positive cash flow whether you choose to rent out both units or live in one and rent the other. With no shared walls and a single-story layout, there is minimal noise transfer between the units, enhancing privacy and comfort for both spaces.

Enjoy peekaboo views of the bay from the property and endless opportunities to live the homestead lifestyle. This property is a rare gem for those who want both rural charm and modern amenities.

The outdoor space is just as impressive as the interior, offering ample room for gardening, expansion, or simply enjoying the peace of your surroundings. Families will love the quiet street and cul-de-sac location, while still enjoying close proximity to top-rated dining and entertainment. Just a short walk to North Beach Social, Farm & Fire, and The Bay Restaurant, you'll feel tucked away yet completely connected.

Centrally located between Destin and Panama City Beach, and only 2 miles from the Gulf, this is a rare opportunity to enjoy the best of both nature and convenience with the potential for passive income, homesteading, or multi-generational living.