Nestled in the heart of Grayton Beach, this recently renovated cottage and oversized guest house, just down the street from the beach, exudes a coastal charm and flow making it a great family retreat. Upon entering the home, you're greeted with an open-concept living room complete with an eye-catching mural. Enjoy family meals prepared in a bright kitchen space, complete with gas range and breakfast bar, connected to a dining space that easily flows to additional dining in a private screened patio. To complete the first level, you'll also find laundry with an adjoining half bath and a hallway leading you to the first-floor master bedroom with ensuite bathroom offering both a walk-in shower and bathtub. The second floor has a second master bedroom plus a junior master both offering private baths and expansive porches, as well as another bedroom and bunk room sharing a modern bathroom. Step outside onto the covered wraparound porch with rocking chairs overlooking the private saltwater lagoon pool and sun terrace. It's a private haven for relaxing after a day of shopping, golf, fishing and beach activities. The third-floor observation tower offers gorgeous gulf views and sunsets making it the ideal flex space, which currently offers a bunk room with sleeping up to six. Outside of the main home, you'll find the barbecue grill and fire pit adjacent to the generously sized pool create natural gathering places for entertaining, stargazing or toasting s'mores after dark. The carriage house has additional living space making it suitable for independent family members and guests. It has a private entrance and a converted two-car garage offering parking and storage on the first floor. Upstairs, guests can relax in an open living room with a pull-out sofa bed, built-in bunks, a full kitchen laundry closet and full bathroom. The top floor has a beautiful owner's retreat complete with private bath and water views. Everything is conveniently close to this well-planned vacation home which offers a fun beach retreat or lucrative rental opportunity. The white sandy beach is a couple of blocks away, and Red Bar, Borago Trattoria and AJ's offer food and entertainment nearby. Further afield, Grayton Beach State Park, Seaside, Florida, and WaterColor offer a host of outdoor recreation with something for everyone.