Under contract-accepting backup offers. REDUCED! LOCATION!! LOCATION!! LOCATION!! This exceptional 4/5-bedroom, 3-bath luxury waterfront residence is privately positioned at the end of a cul-de-sac, offering 250 feet of seawall on Lemon Bay to the south & a canal to the west, with breathtaking unobstructed water views, dramatic sunsets & panoramic vistas overlooking Lemon Bay Environmental Park. Designed to impress, the open-concept floor plan showcases stunning bay views from the moment you enter, creating a seamless connection between refined interior spaces & the coastal setting beyond. Extensively upgraded throughout, the residence features all-new impact windows & doors, new HVAC systems serving both floors, new electrical & lighting, new first-floor water heater, new remote-control lift panel & electronics, plus new “wood-plank style” porcelain tile flooring throughout. The expansive designer kitchen is appointed with all-new custom cabinetry, under-cabinet & over-cabinet lighting, Fisher Paykel built-in refrigerator, Bosch 30" wall oven, Bosch built-in dishwasher, Bosch integrated microwave, GE washer & dryer, plus a standalone ice maker—ideal for elevated entertaining. The main level includes three bedrooms, two full baths & a laundry room, while the upper level hosts a dream primary suite with spa-inspired bath, along with an additional bedroom &/or office offering serene water views. Outdoor living rivals the interior with a refinished custom 13' x 28' swimming pool featuring all-new equipment including heater & salt-water system, a new pool cage, brand-new covered lanai, outdoor shower, new 10x14 shed & direct access to the Intracoastal Waterway. Boaters will appreciate the new 10,000-lb boat lift with new electric panel & remote control. Embrace nature & the outdoors daily! A quick boat ride to pristine natural beaches, the Gulf of Mexico & waterfront dining with daily entertainment! A short bike or golf cart ride to Historic Dearborn Street to enjoy restaurants, cafes, art galleries, boutique shopping, local entertainment & more! Optionally offered fully furnished, this property is also an investor’s dream—rarely listed on Airbnb & VRBO with outstanding reviews—delivering a premier blend of luxury living, privacy & exceptional waterfront income potential.