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 & the 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 situated on a third acre, offers sweeping water views, exceptional structural integrity, & a design shaped by history & purpose. With water visible from nearly every room & wraparound balconies on multiple levels, the connection to the Intracoastal Waterway, canal, & distant Gulf is constant & unforgettable. The main living level is elevated & encircled by expansive Trex decking, blending covered & open-air spaces ideal for enjoying sunrise, sunset, & everything in between. Inside, the great room features soaring 10 and 12 foot ceilings, built-in cabinetry, recessed lighting, ceiling fans, & a gas fireplace, framed by travertine and French doors opening to the surrounding balconies. The dining area flows into the kitchen, where custom cherry wood cabinetry, granite countertops, a large island with seating, pantry storage, & high-end appliances, including a Thermador gas range, create a space well suited for entertaining or everyday living. Elevator access on this level adds ease & functionality. Offering 5 total bedrooms, 4.5baths + living room + bonus room. 4 bedrooms are located on the main living floor, including 2 en-suites. The primary suite offers French door balcony access, sweeping bay & distant Gulf views, built-in shelving, & a custom walk-in closet. The primary bath includes dual sinks, Corian countertops, & a glass-enclosed walk-in shower with dual shower heads. A second en-suite bedroom features balcony access, a custom walk-in closet, & a spa-style bath with dual sinks, glass walk-in shower, & a jetted tub overlooking the water. 2 additional bedrooms share a Jack-&-Jill bath with custom built-in closets. The ground level is fully built out under air & functions as a private retreat with a living area, bedroom, & full bathroom with walk-in shower, ideal for guests or poolside living. This level opens directly to the covered & screened pool & spa, where paver decking & generous ceiling height create a protected resort-style setting. At the top of the home, a bonus living space offers bird's-eye views across Lemon Bay & surrounding 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). The seawall allows for re-engineering to accommodate vessels up to approximately 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 include: freshly painted interior and exterior in Nov 2024, new metal roof completed in April 2024, 3 HVAC systems replaced in 2023, hurricane impact windows & doors with additional shutter protection, pool heat pump April 2020, whole-house water filtration & softener system, security system, elevator, & solid core cherry wood interior doors & staircases. Solar panels were previously installed & removed, with infrastructure remaining for future reinstallation. The very FIRST floor space, approximately 729sf, is being included in the total under air s.f. and is considered nonconforming.