Virtually Staged. PRICE REDUCTION PROGRAM NOW ACTIVE! NEW PRICE $1,999,900. Interested buyers are encouraged to act quickly, as increased buyer interest and competition has developed as the price is now under $2M. When a $2.5M home drops $500,000 in price reductions, the market notices. This is that moment and now the clock is ticking. 11700 5th St E is the only elevated, true 5-bedroom waterfront estate on Florida's Gulf Coast barrier islands at this price. With over $500,000 in reductions and extensive seller upgrades already completed, this is unmatched value in one of America's most sought-after coastal markets. Direct Gulf access through John's Pass — NO low bridges. A 20,000 lb boat lift, updated double-sided composite dock with electric and water, and open water in minutes. Offshore fishing at dawn or cruising at sunset, this is the boater's address on the barrier islands. BUILT FOR THE SUNSET! Prized western exposure delivers panoramic Gulf Coast sunsets through a dramatic wall of west-facing glass every single evening. The primary suite occupies the entire third floor, fully remodeled in 2021, with a spa-inspired bath and a private top-floor terrace where the view is yours alone. Over 4,600 square feet of refined coastal living. Open floor plan. Chef's kitchen. Dedicated office. Game room. Heated saltwater pool with new pump and salt generator (2025). Four-car tandem garage. No HOA. Cathedral ceilings, crown molding, gas fireplace, and stone counters throughout. New metal roof (2019). Two new AC systems (2019). Two new water heaters (2022). Fresh exterior paint (2023). Move in, cast a line, watch the sunset. No projects. No delays. At $431/sq ft, this is the best waterfront value on the Gulf Coast today. The only elevated 5-bedroom waterfront home on the barrier islands with Gulf access, a 20,000lb lift, western sunsets, and zero HOA at this price point. Don't wait, the buyers are noticing and looking. That buyer could be you, or it could be someone who acted while you hesitated. Call today. At this price the next showing may be the last.