Under contract-accepting backup offers. Spectacular coastal residence, offering ALL the advantages of waterfront living! Protected cove with wide open views to the intracoastal, short 5 minute walk to the BEST Gulf beaches with sunsets that are legendary, this property offers extensive space for families and guests with varied interests. The property is also suitable for the savvy investor who wants the ultimate in short term rental income. A well designed floorplan can live as two separate living areas; perfect for the homeowner who needs spaciousness and privacy for extended family, visitors, or children. Appreciate two fully equipped kitchens with breakfast bars that open to the inviting family rooms with long views over the gorgeous heated pool/spa, terraced deck area, custom dock with TWO lifts (one 10, 000 lb. boat lift and a 1, 500 lb jet ski lift). Bilevel living areas (approximately 1800 square foot on main level and 1965 square foot on upper level) offer abundant space to SPREAD OUT. Built to the highest standards with impressive millwork-thick crown molding, chair railing, and coffered ceilings, the quality details of this lovely property are numerous. An impressive, staircase enhances the entry level foyer with 25 ft ceilings, clear transoms and lots of natural light. The main level has a private office/den, additional guest suite with full bath, laundry room, and spacious waterside primary suite with walk in closet, gorgeous bath area with large walk in shower, jetted tub and dual vanities. The upstairs floorplan offering a similar design as the entry level area flows seamlessly and is subtly defined by French doors-perfect for additional privacy. Appreciate the multiple balconies for relaxing and enjoying stunning vistas from living and bedroom areas. Extremely well maintained property and flood insurance is only $870 a year! Swim in the gorgeous pool, relax in the heated spa, jump in your boat moored at your back door and cruise the intracoastal to the Gulf of Mexico just minutes away. Love the proximity to the beach, enjoy the numerous parks, fine restaurants, recreational venues and city art center. Life could not be better than living in this outstanding property in this very popular seaside town where every day feels like a holiday! Let your imagination consider all of the possibilities this amazing property has to offer!