1038 Magnolia Ln Wake up to water views in this home in Santa Rosa Shores, where a nice-sized balcony puts the Gulf Breeze lifestyle right outside your door. The current owners have invested more than $100, 000 into the home - including the kitchen, bathrooms, living room, mudroom, and a new HVAC system - all done thoughtfully over time. An exterior elevator makes coming and going easy, and the ground level offers a covered carport for several vehicles, including a boat. A public boat launch is less than a quarter mile away, with Tiger Point Golf Course about a mile out. The main living area features two sliding glass doors that bring in an abundance of natural light and open onto the balcony with southern exposure. The living room centers around a wood-burning fireplace. The kitchen opens to the dining area and breakfast bar, all sharing in those water views. The primary bedroom also opens to the balcony and includes a large walk-in closet. Its updated en suite bathroom features a garden tub, zero-entry walk-in shower, and double vanities with quartz countertops. Both guest bedrooms are comfortably sized - one with its own balcony access - and share an updated second bathroom positioned between them. A large mudroom with laundry completes the home's interior. A large, enclosed workshop next to the carport offers extra storage and workspace, and a cedar-enclosed outdoor shower makes rinsing off after the beach or boat that much easier. As a primary residence, a second home, or a short-term rental with estimated annual income of $50, 000-$60, 000, the layout, location, and water access make this one worth a look.