Discover the ultimate waterfront retreat at this expansive 6-bedroom, 5.5-bathroom estate. Spanning over 48,000 sq. ft. of uplands, with an additional acre of owned bay bottom, this property offers unparalleled luxury, charm, and an exceptional development opportunity. With current zoning allowing for up to 5 units per acre, this estate is primed for redevelopment into multiple homes if desired. The existing natural boat basin and roughly 290-foot jetty provide protection and the potential for dockage to serve multiple homes in this scenario. A true aquatic sanctuary, the property offers instant access to the bay's hidden fishing and lobster spots, making it a boater's paradise. The estate's grand entrance and extended driveway are steeped in 'Old Florida' charm, surrounded by lush natural greenery and open spaces. Inside, the home exudes comfort and space, with generously sized rooms perfect for large extended families, corporate retreats, or even a vacation rental. The flexibility of weekly rentals makes this property a rare investment opportunity. Imagine creating a bunk room for kids to enjoy during family vacations or customizing the expansive layout to suit your vision. The kitchen features granite countertops, stainless steel appliances, and an eat-in area, while a separate dining room caters to more formal occasions. The master suite is a tranquil escape, complete with direct access to a private balcony showcasing breathtaking water views. The en-suite bathroom offers a steam shower and jacuzzi tub, providing a spa-like experience at home. Additional amenities include a 2-car garage, a convenient mudroom, a substantial laundry room with a sink, and a wet bar for effortless entertaining. This estate has been lovingly owned by one family and has never been offered for sale. With its blend of 'Old Florida' elegance and extraordinary development potential, this is a once-in-a-lifetime opportunity to own a piece of paradise.