5056 San Miguel St Build your dream waterfront home , or two! With no HOA! This rare 0.45-acre double lot on Mulat Bayou offers approximately 100 feet of waterfront with the potential to split the parcels and build two separate homes. Save significant time, expense, and uncertainty with much of the groundwork already completed. The property has been cleared, with survey, geotechnical report, soil testing, and elevation certificate completed with no reported issues. Utilities are already in place, including water onsite, sewer tap installed, 200-amp electrical service with outlets, and an additional 30-amp service panel. A custom ~3, 000 sq ft home plan has already been designed and is ready for engineering stamp, with the architect willing to modify the plans to fit the new owner's preferences prior to final engineering approval. Tucked away down an approximately 150' private asphalt driveway, the property opens to breathtaking waterfront views, where sunsets over the bayou create a truly unforgettable setting. Start your mornings kayaking, boating, or fishing directly from your backyard, with easy access from Mulat Bayou into Escambia and Pensacola Bay. The brackish waters support an incredible variety of wildlife and recreation opportunities, with frequent sightings of dolphins, eagles, pelicans, blue herons, deer, turtles, and more. Anglers may enjoy opportunities to catch redfish, speckled trout, sheepshead, black drum, flounder, blue crab, catfish, largemouth bass, and other local species. A pile of concrete currently onsite was intended for repurposing; however, seller is willing to remove it with an acceptable offer if desired. Conveniently located less than 2.5 miles from I-10 Exit 22, offering quick access to Pensacola, Gulf Breeze, beaches, shopping, dining, and more, while still maintaining the privacy and tranquility of waterfront living. Bring your builder, bring your vision, and create your own waterfront retreat..