Rare opportunity in Southwest Pensacola offering water views, a double lot, flexible living space, and significant redevelopment potential! Situated directly across from a small public waterfront area, this unique property provides front-porch views toward NAS Pensacola, creating an incredible vantage point for watching Blue Angels practices. The property consists of an elevated 1-bedroom, 1-bath residence built in 2012 along with an existing 1996 double-wide mobile home configured as a 3-bedroom, 2-bath. The elevated residence is constructed on pilings over a portion of the mobile home and is connected by a front porch and stairway. An elevator, previously installed through the VA, provides additional accessibility to the upstairs living area. The elevated residence is in good overall condition and primarily needs cosmetic updating such as interior paint. The existing mobile home sustained previous water intrusion and is in need of substantial repair, including roof replacement and repairs to areas of the kitchen, primary bath, and bedrooms. Buyers may choose to renovate the existing structure or explore removal and redevelopment possibilities, subject to applicable zoning, permitting, setbacks, and governmental approvals. Sitting on a fenced double lot, the property offers exceptional flexibility for an owner occupant, investor, builder, or buyer looking to create a customized coastal-area residence. Potential options may include renovating the existing structures, expanding the elevated residence, or exploring the possibility of an additional dwelling or replacement structure. Roof and HVAC serving the property are approximately 13 years old. Conveniently located near Perdido Key, NAS Pensacola, boating, beaches, dining, and the Gulf Coast lifestyle. Property is being offered in its current condition. Buyer and buyer's agent are encouraged to independently verify square footage, property configuration, zoning, future development potential, flood requirements