STUNNING ST JOE BAY ESTATE!! "Gracie O'Malley"-a one of kind waterfront sanctuary on almost 3.5 private acres along the shoreline of St Joe Bay. This gated oasis blends rustic elegance with a beautiful backdrop of the bay, offering a rare opportunity to own one of the most breathtaking waterfront properties on Florida's Forgotten Coast. Pass through the custom-crafted seahorse gate & discover a home intentionally designed to harmonize with the natural beauty that surrounds it. Inside, nearly every room captures panoramic bay views that shift with the light throughout the day. The grand living room is anchored by soaring cathedral ceilings & floor-to-ceiling windows with a cozy fireplace that creates a welcoming gathering space year-round. Step outside onto the expansive deck or enjoy the oversized screened porch—complete with its own fireplace—for stunning sunset dinners & peaceful mornings. The gourmet kitchen is a chef's dream with a spacious center island & thoughtful flow for entertaining. An open staircase leads to a versatile loft—ideal as an office, gym, or 4th bedroom. The upper level is dedicated to the primary suite, offering a tranquil retreat with its own fireplace, private bayfront balcony, spa-like bathroom & an oversized walk-in closet. An elevator provides access to all three levels & the ground level includes a covered space perfect for parking, gardening, or additional entertaining. Launch your kayak directly from your private dock and glide to the nearby scallop beds, or enjoy paddle boarding across the calm, clear waters of the bay. With two parcels included, this property invites endless possibilities. Whether you're dreaming of a commercial venture, event venue, or expanded residential footprint, the mixed-use capabilities offer flexibility to bring your vision to life—all just moments from the water. Call for your private tour & LIVE THE BEACH LIFE!