403 SE Gilliland Rd Welcome home to the exquisite waterfront community of Navy Point. This beautifully updated 3-bedroom, 1-bath cottage-style home is nestled in one of Pensacola's most beloved neighborhoods, where every week feels like an airshow with the Blue Angels soaring overhead. Just steps from the bayou and waterfront beach walkways, this home offers access to scenic trails, picnic areas, parks, exercise stations, a boat ramp, and community beach areas. Launch directly into Bayou Grande and enjoy quick access to Pensacola Bay and the Pensacola pass, putting the Gulf, only minutes away by boat. Spend your days kayaking, canoeing, boating, or enjoying spectacular sunrises and sunsets, all with no HOA. Inside the main home, you'll find a bright open floor plan filled with natural light. Recent updates include new LVP flooring throughout, fresh interior paint, and a modernized kitchen featuring new cabinetry, granite countertops, and stainless steel appliances, including refrigerator. The main bathroom has been fully updated with new flooring, cabinetry, granite countertops, fresh paint, and a fully lit vanity mirror. A newer washer and dryer are also included. Major system upgrades include a new HVAC system and a new hot water heater. Investor alert or multigenerational opportunity! The fully updated, detached 400 sqft mother-in-law suite/guest house offers a full kitchen, full bathroom, new flooring, fresh paint, newer countertops, stainless steel appliances, and a new hot water heater. This space is ideal for short-term or long-term rental income, guest accommodations, or a private home office. The backyard also features a large, newly built matching storage building and a spacious deck, perfect for relaxing or entertaining after a day on the water. Conveniently located near NAS Pensacola, shopping, dining, nightlife, and the downtown entertainment district, this affordable Navy Point gem offers an unbeatable lifestyle and exceptional value.