Ideally located in a prized, gated enclave just south of Fitler Square, and only steps to University City, this completely renovated Naval Square home is exactly what you have been waiting for! 406 Regatta Drive is an exquisite bi-level townhome boasting 3 bedrooms, 2.5 baths and a deeded parking space!  As you step inside, you'll immediately notice the care and dedication the owners have put into both renovating and maintaining this lovely home. The location of 406 is prime— uniquely positioned and nonadjacent to other townhome buildings — this home offers unmatched privacy and seclusion, in addition to affording it an abundance of natural light!  On the first level, you will be welcomed into a spacious open concept living/dining area with gorgeous Brazilian cherry hardwood flooring and an abundance of recessed lighting.  Next, flow seamlessly into the exquisitely designed kitchen by the award-winning team at Ferrarini & Co., where elevated design meets uncompromising functionality. This truly luxurious culinary space is outfitted with a double Wolf convection oven and a 36-inch Wolf range, complemented by dual Bosch dishwashers and Liebherr & Fisher and Pykel refrigerators —perfectly suited for both everyday living and effortless entertaining. Additional highlights include a sleek microwave drawer and a statement hood, seamlessly integrated into the design. Sleek quartz countertops, custom ceiling-height cabinetry, and a built-in wine refrigerator complete this beautifully appointed, high-design kitchen. The adjoining family room is full of sunshine, and opens to a private terrace spanning the full length of the property. The spacious terrace embraces the University City skyline and a stunning vantage of the nearby Roberts Center. On the second level, retreat to an elegant primary suite defined by soaring vaulted ceilings, thoughtfully crafted custom built-ins, and a spacious WIC. The fully renovated ensuite bath offers a refined, spa-like experience, featuring dual vanities with quartz countertops and a generously sized shower enclosed in sleek frameless glass. On this level, you will also find two additional sunlit bedrooms with more custom built-ins, an additional updated bath, and laundry closet with newer side-by-side LG washer & dryer. A spacious entry-level storage closet offers exceptional versatility, complete with built-in shelving to accommodate everything from strollers and luggage to seasonal décor and everyday essentials. Have a large SUV? You’ll appreciate the ease of a spacious, pull-in deeded parking space (P-397), conveniently located just steps from your front door. Have peace of mind knowing that the hot water heater was replaced in 2024 and both HVAC units have been serviced in 2025. Smart home features include: August Lock & Nest Thermostats. Enjoy the ease of a heated outdoor pool and a state-of-the-art fitness center just steps from your door, complemented by nearby concierge services for added convenience. The dramatic community room in the Biddle Hall rotunda is perfect for hosting private parties. Take advantage of the outdoor amenities in the 20-acre, park-like setting, including picnic areas, well-kept gardens, and mature landscaping. With a gated entry and on-site visitor parking, convenience and security are paramount. Residents also benefit from on-site Amazon lockers and electric vehicle charging stations. The property is also located in very close proximity to the South Street Bridge, UPenn (0.7 mi), CHOP, HUP, Drexel, Rittenhouse (0.9 mi), and Fitler Square.Fantastic restaurants and cafes, such as Rival Bros, Friday Saturday Sunday, Illata, Pub & Kitchen, Sabrina’s, and Loco Pez, are nearby & the Heirloom Market is only a block away. Out the back gate, you’ll find easy access to Schuylkill River Park & Playground and dog park!