This exceptional waterfront home maximizes its prime location with a huge backyard, lengthy dock and boat lift. Set in a gated rental-restricted community, this three-story home is comfortably nestled within its natural surroundings. Three levels of porches provide grandstand views across the tree-lined yard to the bay beyond. They provide an abundance of outdoor space for relaxing, snoozing in the hammock or entertaining in style. A broad driveway provides ample parking, along with a four-car garage, workshop and ample storage for boats, bikes, paddleboards and water toys. The second-floor living area is equally well-proportioned. A generous open floor plan provides versatile space to accommodate family and guests as it seamlessly flows through the family room, dining area, kitchen, and out onto the back porch. Gorgeous wood flooring, a wood-burning fireplace and 18-ft. sliding doors introduce plenty of warmth and daylight into the sun-filled rooms. Everywhere you look, the stunning views demand your fullest attention. A guest master suite on the main floor has its own direct access to the front porch for quiet reading in the pine-scented air. The well-appointed kitchen includes a full range of stainless appliances and a lengthy island with family-sized breakfast bar. It's a natural hub for supervising homework, sharing snacks or serving drinks and appetizers when guests arrive. Stairs lead upward to the loft sitting area where guests can relax and chill. Three more generously sized bedrooms include a huge master suite to the rear of the home. Two sets of French doors open onto the 10-ft. by 30-ft. covered porch with enviable views across the bayou. Even the master bath includes bay vistas. Despite its remote ambiance, this family home is just three miles from Gulf Place shopping and dining and within easy reach of South Walton's white sandy beaches. Closer to home there's a community lagoon pool and sun terrace for swimming and socializing with neighbors.