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(Investors please note: Professional images of exteriors and studio interiors coming 4/15/25!) ***Here's your chance to own your very own highly versatile investment property featuring not one, but TWO fully furnished coastal-inspired cottages—both short-term rental friendly—plus a 30-amp RV hookup with sewer connection for even more flexibility! This rare and unique property is just 6 minutes to 30A beaches, tucked beneath mature oak trees bordered by a 255-acre conservation buffer that will never be built on, offering lasting privacy and a peaceful natural canopy. The .28-acre lot has ample parking and room to add a pool, garden, or personal outdoor retreat. To the left rear side of the property sits the ''Blue Cottage,'' a 2BR/1BA home with a new metal roof (2023) that grossed $29K as a short-term rental in 2023, and was leased at $2,100/month in 2024.This cottage offers 868 square feet of heated and cooled living space, plus an additional 178 square feet of screened-in porch, giving you a total of 1,046 square feet of enjoyable space. Recent updates include new appliances, kitchen island, countertops, flooring, paint (interior & exterior deck), water heater, washer/dryer, and a new laundry room door. The large screened-in porch with flat screen TV and adjacent grilling deck invite year-round enjoyment. Inside, you'll find all-white paneled walls, beachy decor, and a split floor plan with barn doors to add character. The cottage is also plumbed for a future outdoor shower, pool, spa, or water feature, making it ready for the next phase of enjoyment. On the opposite side of the lot sits "Crab Island," a 1BR/1BA guest cottage built in 2014, which grossed $19K in 2023 and is now leased at $1,750/month (as of April 2024). The studio offers 350 square feet of interior living space plus an expansive 236 square foot screened-in rear porch with large sliding glass doors that create an open, airy connection between indoor and outdoor living. The porch features countertops, sink, storage, a mini fridge, and two outdoor ceiling fans perfect for entertaining or relaxing. The fully fenced backyard, wraparound decking, outdoor shower, and dedicated outdoor storage complete this charming and functional retreat. With no HOA, proven income history, multiple dwelling flexibility, and proximity to Grand Boulevard, Destin Harbor, restaurants, parks, and beachesthis is a rare find in Santa Rosa Beach. Whether you're looking for a personal retreat, rental powerhouse, or multi-family setup, 40 Long Leaf Circle delivers on lifestyle and investment potential.