WELCOME TO 3875 CAPE SAN BLAS RD (UNIT B-3), KNOWN AS ''THE HIDDEN PEARL.'' This North Cape 3-bed, 2.5-bath townhome offers a rare dual-waterfront experience. Wake up to vibrant St. Joseph Bay sunrises and enjoy spectacular Gulf sunsets. A turn-key 1,512-sqft (2,624 total) furnished retreat delivering the ultimate coastal lifestyle! FOR ANYONE WATCHING THE CAPE, THE MONUMENTAL 2026 BEACH NOURISHMENT PROJECT IS A GAME-CHANGER. Learn more about the Beach Project here: www.sjpbeach.com/sjpstructures.html . With fresh sand placed north of Stump hole, crews are installing eight submerged breakwaters to absorb wave energy and slow erosion, actively protecting the coastline and cementing the long-term value of your Forgotten Coast investment. THE LIFESTYLE ON THE CAPE IS UNMATCHED, OFFERING A PERFECT BLEND OF OLD FLORIDA TRANQUILITY AND OUTDOOR ADVENTURE. Scallop in the bay, explore nearby state parks, or take a scenic drive to Port St. Joe, Windmark, and Mexico Beach. Browse shops along Reid Street and enjoy local seafood at staples like Hunt's Oyster Bar. SOLD FULLY FURNISHED, THE HOME'S LAYOUT IS PERFECTLY OPTIMIZED FOR ENTERTAINING AND RELAXATION. The open living area flows onto a large screened porch. The fully stocked kitchen boasts bay views and a breakfast bar, while a dining area and half-bath complete the main floor. THE TOP FLOOR IS DEDICATED TO REST, FEATURING A MASTER SUITE WITH A KING-SIZE BED, A PRIVATE EN-SUITE BATHROOM, AND ACCESS TO A PRIVATE, OPEN SUNDECK. Enjoy elevated Gulf views and ocean sounds. A Bayside queen bedroom features a private bay-view balcony, while a third bedroom has a versatile duo bunk. They share a full bath. Covered parking included. AS A TURN-KEY PROPERTY CURRENTLY THRIVING, ''THE HIDDEN PEARL'' BOASTS A PROVEN, HIGHLY CONSISTENT REVENUE HISTORY. GRI: $76K in 2022, $46K in 2023, $56K in 2024, and $52K in 2025. 2026 YTD through mid-June has secured over $27K. Close to the beach without the beachfront price tag, blending personal enjoyment with reliable passive income!