3118 Bay St 3118 & 3120 Rare Gulf Breeze duplex opportunity just steps from the Santa Rosa Sound and only .1 miles to the Oriole Beach Boat Ramp. Located on desirable Bay St, this property offers a rare combination of size, flexibility, location, and income potential that is difficult to find in today's market. With nearly 3, 000 square feet total, each side features 3 bedrooms, 2.5 bathrooms, a private 1 car garage, large back deck, generous backyard space, and oversized rooms with plenty of closet and cabinet storage. The layout is both spacious and functional with tile flooring throughout the first floor, a large living room with a wood burning fireplace, a downstairs half bath for guests, washer and dryer hookups, and all three bedrooms upstairs alongside the two full bathrooms. The left unit is currently leased through 2028 at $2, 200 per month, providing stable long term income, while the right side is vacant and ready for an owner occupant or new tenant. The vacant unit was recently updated with fresh paint, popcorn ceiling removal, and refreshed bathrooms featuring new vanities, mirrors, faucets, and vanity lighting. This property works well for a variety of buyers whether you are looking to offset your mortgage by living in one side, add a strong long term rental to your portfolio, or explore short term rental potential near the water and boat launch. The oversized 200+ foot deep lot adds additional privacy and outdoor space that is rarely found with duplex properties in this area. Additional features include a 2020 roof and a location just minutes from shopping, dining, beaches, schools, and Pensacola Beach. Opportunities like this in Gulf Breeze are few and far between.