Bud and Alley's Waterfront Restaurant and Rooftop Bar, Seaside, Florida, South Walton County, R, Founded in 1986 and named for a dog and cat, Bud & Alley's has been a revered gathering place by loyal patrons for great food, great fun and Seaside's finest sunsets for 20 years. South Walton's longest established restaurant, Bud & Alley's is nestled in the dunes overlooking the Gulf of Mexico. Bud & Alley's has garnered numerous awards including Florida Trend Magazines Golden Spoon Award designating the eatery as one of the top 20 restaurants in Florida as.