**MOTIVATED SELLER**. Masterfully Restored 1908 North Hill Estate with Historic Guest Cottage Discover an extraordinary opportunity in the heart of one of Florida's most prestigious historic districts. This award-winning property features a 3-bedroom, 2.5-bathroom main residence and a 1-bedroom, 1-bathroom guest cottage, one of the area's first schoolhouses, offering 3,681 combined square feet. Enter through a grand foyer where an antique stained glass window bathes the space in prismatic light. Original heart pine flooring flows beneath 13-foot ceilings, while custom 1800s millwork and pocket doors reveal craftsmanship of a bygone era. Period-authentic wavy glass windows, five-panel doors with brass hardware, and four gas fireplaces with antique mantles complete the historic narrative. Dual covered porches provide outdoor living space, with one offering views of Wahoo Stadium fireworks. The gourmet kitchen features Wolf and Sub-Zero PRO appliances, Italian Carrara marble countertops, and custom wood cabinetry. The primary suite delivers luxury with its own gas fireplace, spa-inspired ensuite bathroom with period-correct clawfoot tub and walk-in shower with dual showerheads, oversized walk-in closet with built-in organization, and adjacent laundry room. The upstairs guest bathroom showcases period details including a cast iron wall-mount farmhouse sink and an expansive walk-in shower with integrated seating. The 651-square-foot cottage holds special significance as one of the area's first schoolhouses, McClay School House, now thoughtfully converted into a fully equipped residence. This versatile space offers strong short-term rental potential with projected annual income of $25,000, or serves beautifully as private quarters for extended family or visiting guests.Expansive rear decking and paver patios create multiple zones for entertainment and relaxation, surrounding a pristine saltwater pool. Whether hosting summer gatherings or enjoying quiet morning coffee, these outdoor spaces feel like your own private resort.Positioned within the North Hill Preservation District, a National Register of Historic Places neighborhood renowned for its architectural significance and walkability to downtown Pensacola's finest dining, cultural venues, and entertainment.Please see attached documents for a comprehensive list of all upgrades and improvements this exceptional property has to offer.