A sophisticated home for the distinguished buyer. With projected rental income of $180K, 46 Lake St. is a well built & thought out home perfect for the smart investor or for the one looking to unpack their suitcase and live in paradise. Enter through the gates of the Villas of Frangista and follow the cobblestone roads as they lead you to a stunning 5 bedroom home that is built for a full time owner or perfect for the investor looking to maximize their return. This home showcases 2 bedrooms downstairs, a laundry room, a large kitchen opened to the perfect living space coupled with ideal outdoor space complete with a screened in porch, an outdoor kitchen and a firepit. Head upstairs to find an additional 3 bedrooms along with a loft area. Enjoy the community pool or beach access that is a short stroll or even better...a golf cart ride! The Villas of Frangista is primely located in a central location within the Destin/Miramar Beach corridor offering exceptional proximity to world class dining, shopping and golfing as well as the Sandestin Outlet Mall.