Boat owners' dream with private boat slip- you won't find another home with a premier boat slip like this anywhere else in NW Florida at this affordable price. Waterfront townhome located on Bayou Chico Basin with three different levels of views of the water. Take a boat ride just a few minutes from your house to enjoy fine dining downtown or watch the seasonal fireworks over the water near the Blue Wahoos stadium. The Bayou Chico Basin opens out near Sanders Beach and into Pensacola Bay. This townhome includes two bedrooms on the top floor, one being the master that leads out onto a private deck overlooking the water, perfect for watching the sunrise! Each large bedroom upstairs includes a full bath and has high ceilings with skylights and gorgeous wood floors! The living room has a cozy feel with fireplace in the corner and double doors that open up to another waterview deck. At ground level is another area with about 684 sq ft (not included in main square footage) that could be used as an efficiency apartment, with a full bath and kitchenette area. The HOA does not have restrictions against short term rentals, so this could also be a great AirBNB! Association also allows you to rent your boat slip as well for an additional potential income source. You own the boat slip (approx. 16' wide), and current owner says 95% of the time you have a 5 1/2 foot draft, making this perfect for larger boats! This is a much deeper draft than some of the neighboring slips that will only work with pontoon or other shallow draft boats. This is also a very protected cove that has fared very well throughout recent storms. A public boat ramp (Mahogany Mill Boat Ramp) and private Marina are just a short walk around the corner to make it easy when you need to take your boat out for maintenance or a road trip!