Waterfront dreams do come true at 704 Regatta Dr located in the waterfront townhome community of Water Oaks in central Niceville. Nestled amongst majestic oaks, this 64-unit community offers unparallel views of Boggy Bayou as well as a private pool, tennis/pickleball/basketball court and waterfront gazebo. Keep your boat in your own back yard on a private dock (shared only by your neighbor) that comes with a boat lift. This home has been updated with new luxury vinyl plank flooring throughout the unit as well as a fresh coat of paint. Other updates include kitchen cabinets and granite counters. This is a rare 3 bedroom unit with one bedroom (connected to a full bath) downstairs and the master suite and an additional bedroom suite upstairs. You will be sure to enjoy the views of the bayou from all living areas, especially the sun room that was designed to capture these magnificent views. Outside, you will find a charming patio as well as a multi level deck offering multiple entertainment and viewing areas. The new dock offers a lift for your boat as well. Additional noteworthy items include a new metal roof that looks like tile (2023) and new Pella windows on back wall. Make your waterfront dreams come true today!!