Tucked away in the exclusive Lost River Preserve, this custom-built Mediterranean-inspired lakefront estate offers a rare opportunity to own a fully curated, turnkey retreat with exceptional income-producing flexibility. Newly repositioned to reflect a prime opportunity within Tampa Bay's luxury investment market, the property spans 2.25 acres across four parcels with more than 300 feet of water frontage-designed for private enjoyment, luxury rental income, or a strategic blend of both. Curated furnishings are available to convey with acceptable terms, creating a seamless transition for buyers seeking immediate use as a luxury vacation rental, corporate retreat venue, or multigenerational estate. Designed and executed with unparalleled craftsmanship, featuring poured concrete tilt-wall construction, impact-rated windows/ doors, and a Galvalume aluminum tile-look roof engineered for durability and peace of mind. Elevated in Flood Zone X, the estate remains high and dry-rare in waterfront living. Inside, 6,700 square feet unfolds across two distinct yet connected residences, ideal for multigenerational living, extended stays, or flexible rental configurations. The layout allows the homes to function together or independently, offering the ability to rent one wing while retaining private use of the other. Walls of glass, soaring tray ceilings, and architectural details frame sweeping lake views, while the waterfront primary suites feature spa-inspired baths, dual closets, and seating bays. A flexible interior space with kitchenette and full ensuite opens directly to the pool terrace, ideal for guest accommodations, wellness use, or additional rental versatility. Outdoors, a private resort setting awaits with a custom saltwater pool featuring sun shelves, oversized spa, pool bath, and outdoor kitchen beneath a screened lanai overlooking the water-an ideal backdrop for gatherings, retreats, celebrations, or hosted events. The covered boat dock includes a ski boat hoist and filleting station, while a second dock provides launch space and a lakeside perch for sunset views. Further enhancing the estate's value and income potential, the detached guest villa offers 1,200 square feet complete with full kitchen and living quarters, ideal for short-term rental income, guest accommodations, or live-in ownership with passive income opportunities. A three-bay garage suited for boats and recreational storage with a lakefront entertainment pavilion offers a full bath and double French doors open directly to the water, creating an exceptional setting for weddings, wellness retreats, corporate gatherings, or private events-allowing the estate to live and perform far beyond a traditional single-family property. Eligible for rentals with a one-week minimum, the property is uniquely positioned for vacation rentals, group retreats, or owner-occupied income strategies. Adding even greater long-term upside, the fourth parcel includes architectural plans for a future three-bedroom, two-bath residence with utilities already initiated, including pre-plumbing, providing a clear path to expand the estate's rental footprint or future value. Lost River Preserve spans 900 acres of protected lakes and shoreline, offering boating, kayaking, and trophy bass fishing surrounded by preserved natural beauty-just 35 minutes from Downtown Tampa. More than a home, this is a legacy waterfront property where lifestyle, flexibility, and long-term investment potential converge.