5471 Bonanza Dr Welcome to Bonanza-where charm, flexibility, and Emerald Coast lifestyle come together. You will absolutely fall in love with this adorable and well-maintained three-bedroom home, perfectly positioned near the water without being in a flood zone. From the moment you arrive, the pride of ownership is undeniable. The property is fully fenced with a deep driveway and beautifully maintained landscaping, complete with mature plants, shrubs, and thoughtful stepping-stone details that immediately make you feel at home. Inside, you'll find an updated kitchen with all appliances conveying, opening into a cozy and inviting living space. A convenient bump-out area provides the perfect spot for a home office, just around the corner from the stackable laundry area (washer and dryer are negotiable). The former garage has been professionally converted into additional living space, creating a welcoming breakfast or formal dining area as you enter the home. Recent updates include fresh paint, updated doors, and flooring throughout. Step outside to discover a large powered workshop-ideal for a true workshop, hobby space, or easily convertible into a mother-in-law suite. The extended patio offers plenty of shade, making it perfect for relaxing summer evenings. The lot provides additional footprint for future expansion, allowing for more bedrooms or bathrooms if desired. With no HOA, there's ample room for RV parking and recreational toys-yes, bring the boat! Enjoy casual strolls down the road for water views, easy boat launching, and a laid-back coastal lifestyle ideal for pets, kids, and outdoor enthusiasts. All of this-near the water, outside the flood zone, no HOA, and incredible flexibility-at an attractive Emerald Coast price point in the low $300s. The sellers are also offering a flexible closing timeline. Join us for our upcoming double open house weekend, or schedule a private showing with advance notice. This Bonanza beauty truly checks every box.