424 Dracena Way Rare income-producing or multi-generational layout in the absolute heart of Gulf Breeze Proper! This move-in ready, all-brick ranch features a highly versatile design offering a primary 3-bedroom, 2-bathroom residence on one side, and a fully self-contained attached 1-bedroom, 1-bathroom apartment on the other, complete with its own kitchenette, full bath and private entrance. Perfect as a high-yield rental space, guest house or independent in-law suite. The interior boasts gorgeous low-maintenance tile flooring throughout (zero carpet), an updated kitchen that seamlessly opens to a spacious living room centered by a cozy fireplace, and elegantly renovated bathrooms featuring custom designer tile finishes. Step outside to a private, beautifully landscaped outdoor oasis featuring a massive 18 x 18 screened porch overlooking your private in-ground pool. Massive structural & insurance-saving upgrades include: * Fortified Exterior: Impact-resistant windows and a 2021 shingle roof with hurricane clips, driving down insurance premiums. * No Flood Insurance required: located in Flood Zone X. * 2025 Major Mechanics: Brand new pool liner, new high-efficiency water heater, and a new sprinkler pump for the dedicated irrigation well (free lawn watering!) * Air Quality: Fully replaced ductwork integrated with an advanced UV light purification system. Situated in an unbeatable golf cart-friendly neighborhood with an A-rated school system! You are just steps away from Shoreline Park's boat launch, fishing pier, and Gulf Breeze Rec Center, and only minutes from Pensacola Beach. Enjoy the ultimate blend of coastal convenience, community, and built-in equity!