Attention investors! Here's your opportunity to own 3 waterfront houses on one property plus the only waterfront 4-unit apartment building in Gulf Breeze. This incredible multi-family investment sits on a double lot just under an acre. Soundside Cove (5231/5233 Soundside Dr.) offers 11 bedrooms and 8 bathrooms across 7 units. Every home has stunning views of the Intracoastal Waterway, expansive decks, full kitchens, cozy living areas, separate laundry, and independent utilities. Whether you’re starting a short-term rental business or want to live in one and rent the rest, the possibilities are endless. Steps from the Woodlawn Beach Boat Ramp, the property includes a newly rebuilt 200’ dock for multiple boats, sandy beach, stone fire pit, picnic area under mature Naval Live Oaks, 3 storage sheds, blueberry garden, and low-maintenance landscaping with well and sprinkler system. Catch red fish, speckled trout, crabs and beautiful sunsets straight from the dock. Equally distant from both Navarre Beach and Pensacola Beach, this prime property makes a perfect vacation destination. 5233 Soundside includes 2 houses (Units A & C) built in 2008 with impact windows/doors. Unit A, is a newly renovated 1,288 sq ft 3/2, and Unit C, is a newly renovated 720 sq ft 1/1 single-family home. 5231 Soundside includes a house and a 4-unit apartment building. The house, Unit B, is a 512 sq ft studio "treehouse" built in 2010. The apartment, (Units D–G) was built in 1982 (new roof and beautiful Trex covered porches 2024). Has two 2/1 units and two 1/1 units. Unit G is newly renovated. Each parcel has been upgraded from septic to city sewer with separate connections (2025). Business license available permitting short/long term rentals specific to property due to its grandfathered in multi-family zoning.