Welcome to this prime waterfront community located in Fort Walton Beach, FL! This unit has just been freshly painted and offers a fantastic investment opportunity, or perfect for a primary or second home getaway. Situated in an ideal location, you'll have easy access to shopping, restaurants, local amenities, including a 7+/-minute drive to the nearest boat ramp, 15+/- minutes to the stunning Gulf of Mexico beaches, and less than 10 minutes to downtown. For those in the military, this property is conveniently situated 5-7 miles from Hurlburt Field & Eglin Air Force Base, making it an ideal location for military personnel. Additionally, this property is VA approved, providing an excellent opportunity for eligible buyers. As part of the waterfront community, you'll have access to CincoBayou, a community dock, and boat slips available on a first-come, first-serve basis. The community also offers a beautiful pool overlooking Cinco Bayou, a recreational room, laundry facility and tennis courts for your enjoyment. Parking space is available, and the HOA covers various expenses such as water, sewer, trash, exterior insurance, pest control, landscaping, and ground maintenance, providing you with ease of ownership. This particular unit offers great potential and only requires a little TLC to bring it back to life. With tile floors throughout, maintenance is a breeze. It's worth noting that out of the 138 units in this community, there are only 8 of the larger 3-bed, 2-bath units available, making this a rare find. Recent upgrades made by Pier One include a new marina, renovated pool with new patio furniture, ongoing upgrades to the tennis courts, a redone parking lot, and replacement of all stairs for all buildings. The laundry room has also been updated with new machines. Don't miss out on this incredible opportunity to own a piece of this waterfront community. Contact us today to schedule a viewing and see the potential this property holds