(Photos Coming Soon) 1 of 4 Lots available. Discover a rare opportunity to own a bayou-front homesite in the peaceful Santa Rosa Beach, located in the Rosestar Subdivision off Bay Magnolia Lane. This waterfront lot offers approximately 0.76 acres with boat slips allowed, making it ideal for boating, kayaking, fishing, and enjoying the coastal lifestyle right from your property. Located on a private road with no HOA, the property provides flexibility to design and build with fewer restrictions. Due to the wetland buffer, approximately 40% of the lot is buildable, allowing for construction of a home up to approximately 1,700 square feet while maintaining the natural surroundings. The lot is priced below appraised value and is currently discounted by 15% while the Development Order is being completed, creating a great opportunity for buyer or investors to secure waterfront property at a reduced price. The Development Order is expected to be completed in early June 2026, making now the perfect time to purchase before pricing adjusts. Whether you are looking to build your dream coastal home, a private retreat, or invest in future development, this bayou-front property offers excellent potential in Santa Rosa Beach.