** This is your opportunity to own one of the premier waterfront properties on the Gulf Coast. Situated on an expansive 1.2 Acre site with 172 feet on Bayou Texar, this historic, 1925 Mediterranean Revival home is truly one of a kind. The waterfront site has some 30 feet + of elevation, mature Live Oak and Hickory trees, with panoramic views of both Bayou Texar and Pensacola Bay. There is deep water boat dockage, and a covered boat slip with a 10,000 electric lift. While new owners would certainly want to update and remodel the home to their taste, this property has been meticulously maintained and improved by the current owners for the past 39 years. The architectural design features, solid masonry construction, hand selected wood flooring, doors, windows and trim, imported tile work, and expansive outdoor terraces, that can simply not be equaled by any modern day construction. The home has over 4,200 square feet of living area on the two main levels, with four bedrooms and 3 1/2 baths. There is also a 1,500 square foot basement level that is largely heated and cooled, and has an additional bedroom and full bath. In addition, a 725 square foot, "drive-through" garage runs along the back of the home via a circular drive **