One or more photo(s) has been virtually staged. A landmark waterfront home with a story to tell, set where Lemon Bay meets the Intracoastal & water surrounds you in every direction. Positioned at the end of a quiet cul-de-sac on Lemon Bay, this one-of-a-kind estate on a third acre offers sweeping views, exceptional structural integrity, & a design shaped by history. With water visible from nearly every room & wraparound balconies on multiple levels, the connection to the Intracoastal, canal, & distant Gulf is unforgettable. This rare property stands ready for its next chapter, offering an immediate opportunity for discerning buyers seeking the ultimate coastal lifestyle. Elevated & encircled by expansive Trex decking, the main living level seamlessly blends covered & open-air spaces ideal for enjoying sunrise & sunset. Inside, the great room features soaring 10 & 12 foot ceilings, built-ins, recessed lighting, ceiling fans, & a gas fireplace framed by travertine & French doors opening to balconies. Flowing effortlessly into the kitchen, the dining area transitions into a culinary space where custom cherry wood cabinetry, granite countertops, a large island, pantry, & premium appliances, including a Thermador gas range, create an environment well suited for entertaining. Elevator access adds ease & functionality to every floor from the garage to the birds' eye view third level. Spanning 5 bedrooms, 4.5baths + living room + bonus room, this layout effortlessly accommodates guests. Four bedrooms are on the main living floor, including 2 en-suites. Your primary suite offers French door balcony access, sweeping bay & Gulf views, built-ins, & a custom walk-in closet. Your primary bath includes dual sinks, Corian countertops, & a glass shower with dual heads. A second en-suite bedroom features balcony access, walk-in closet, & a spa bath with dual sinks, glass shower, & a jetted tub overlooking water. Two additional bedrooms share a Jack-&-Jill bath with custom closets. Fully built out under air, the ground level functions as a private retreat with a living area, bedroom, & full bath, ideal for guests or poolside living. This space opens directly to the covered & screened pool & spa, where paver decking & generous ceiling height create a protected resort setting. At the top of the home, a bonus living space offers bird's-eye views across Lemon Bay & waterways, with a wet bar, wine storage, refrigerator, built-in desk, attic access, & French doors to a private open wraparound balcony. Outside, the property features a large seawall, sailboat water with no fixed bridges, & a boat lift (not warranted). Re-engineering options for the seawall allow for vessels up to approx 50 to 100 feet, subject to buyer verification. Additional highlights include a small dog run with retractable awning & multiple wraparound balconies maximizing water views. Notable improvements: freshly painted interior/exterior Nov 2024, new metal roof April 2024, 3 HVAC systems replaced 2023, hurricane impact windows & doors with additional shutter protection, pool heat pump April 2020, whole-house water filtration/softener, security system, elevator, & solid core cherry wood doors & staircases. Solar panels were previously installed & removed, with infrastructure remaining. Included in total under air s.f., the very FIRST floor space of approx 729sf is considered nonconforming.