Absolutely stunning water views await you from this residential lot that is well over 1/2 acre at desirable Petersen Point! With approximately 100 feet of waterfront and an existing pier and boathouse with boat lift just waiting for a some TLC, you can have your little piece of Florida paradise on Blackwater River/Bay near its intersection with Ward Basin & Yellow River that empties into East Bay and then Pensacola Bay for all types of boating & fishing fun. Some of the best deep fishing holes are here! The lot is plenty wide & deep for your dream home and the sawgrass bordering the water has done a great job protecting this lot from erosion. There is also an irrigation well on the property for your future yard. The Petersen Point subdivision is made of waterfront executive homes with very reasonable HOA dues as well! You are just a few minutes away from an I-10 ramp to take you very easily to all points east & west....from Pensacola & Mobile to Panama City, Destin and all along the Florida panhandle and within a decent day's drive to Orlando & Tampa. Living in this community feels more laid back and private and a lot less crowded than south Florida yet you have lots of great shopping & entertainment venues, hospitals, and more in the nearby Pace/Milton areas or just a short drive to the booming areas of Pensacola & Ft. Walton Beach...plus great access to Pensacola Beach, Navarre Beach, & Destin where you can enjoy the sugar white sands on the Gulf to your heart's content. And if salt water isn't your thing, you can spend all day floating down the beautiful Blackwater River! Another great pasttime is watching Pensacola Naval Air Station's own Blue Angels practice their daring maneuvers and watching them from land or by sea throughout the year. The cost of living is very affordable compared to so many other waterfront areas around the country...this is a true hidden gem just waiting to be discovered. Come see and fall in love!