Rare opportunity on Bear Point! This water view property is one of only 12 properties in the area permitted for short-term rentals, making it a standout investment opportunity in Orange Beach. Zoned Commercial Residential Marine Resort (CRMR), the possibilities are extensive, including a marina, restaurant, bed & breakfast, boutique hotel, Airbnb, retail, office space, and more. A complete list of approved uses is available in the documents section.Enjoy stunning bay views, daily dolphin sightings, and refreshing coastal breezes from the home's two spacious balconies overlooking the water. Currently operating as a successful Airbnb, this versatile property offers two living areas, an upstairs en-suite, and endless potential for investors, entrepreneurs, or those seeking a live/work lifestyle. The layout could easily accommodate a business on the lower level with private living quarters above.Major updates include a Bronze Fortified roof, two HVAC systems, and hurricane-rated windows (up to 180 mph), all installed in 2022. The home also offers abundant storage space underneath and no HOA. For just $300 per year, owners may enjoy access to the community boat launch, marina, and beach area.Whether you're looking for an income-producing investment, waterfront business location, or unique coastal residence, this Bear Point gem offers unmatched flexibility in one of Orange Beach's most desirable waterfront communities. Buyer to verify all information during due diligence.