Experience the epitome of luxury living in this expansive 3,700SF waterfront home nestled in an area designated for full-time residence, ensuring tranquility and exclusivity, allowing 6+ month rentals only. This property is conveniently located on a serene, dead-end strip (practically an island on the island with almost no traffic) just a short, 3-min walk or boat ride from the beach/heart of Gulf Shores; enjoy access directly from your boat dock to Little Lagoon and even to the Gulf of Mexico. This spectacular, 5BED/5.5BA property is undoubtedly a treasure loaded with many wonderful features including no HOA Fees, an elevator, a private pool & boat dock, 4 covered balconies w/ beautiful canal views, new roof in 2021, all kitchen appliances (& kitchenette), 2 fireplaces, stunning light fixtures, ample storage space, beautiful LVP flooring throughout, oversized 2-car garage (could potentially fit more), and much more! This property has also seen some meticulous landscaping/exterior updates in 2022 including new stair railing and paint job (new petrified wood/statues are negotiable). The kitchen, dining/living space, first en-suite bedroom w/ 2 walk-in closets, and access to 2 covered balconies (north and south facing) make up the main floor; the rear balcony has access down to the fenced-in pool yard/seating area and boat dock w/ outdoor shower! The second floor holds two sizeable, en-suite bedrooms (one w/ access to covered balcony) and the laundry room. The top floor is entirely made up of the primary suite along with the last bedroom. Admire the massive primary bedroom w/ 3 walk-in closets and access to 4th covered balcony. Down the hall, the remainder of the floor holds a kitchenette, the last bedroom w/ fireplace, and beautiful primary bath. Don't miss out on this spacious hidden gem. Motto Mortgage Gulf Coast offering a free appraisal credit at closing!