Tucked away in the exclusive Lost River Preserve, this $3,450,000

Townhome/Townhouse For Sale

Tucked away in the exclusive Lost River Preserve, this custom-built Mediterranean-inspired lakefront estate presents a rare opportunity to own a fully curated, turnkey retreat with exceptional income-producing flexibility. Spanning 2.25 acres across four parcels with more than 300 feet of water frontage, the property is designed for private enjoyment, luxury rental income, or a strategic blend of both. Curated furnishings are available to convey with acceptable terms, offering a seamless transition for buyers seeking immediate use as a luxury vacation rental, corporate retreat venue, or multi-generational estate. Designed and executed with unparalleled craftsmanship, featuring poured concrete tilt-wall construction, impact-rated windows and doors, and a Galvalume aluminum tile-look roof--engineered for durability, resilience, and peace of mind. Elevated in Flood Zone X, the estate remains high and dry, rare in waterfront living. Inside, approximately 6,700 square feet unfolds across two distinct yet connected residences, joined by a sunlit foyer--ideal for multi-generational living, extended family 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. Both living spaces boast walls of glass, soaring tray ceilings, and arched details that frame sweeping lake views, while the primary suites, also positioned on the water, feature spa-inspired baths, dual closets, and seating bays. A flexible interior space with kitchenette and full ensuite opens to the pool terrace--perfect for guest accommodations, wellness use, or rental versatility. Outdoors, a private resort awaits: a custom saltwater pool with sun shelves, oversized spa, pool bath, and outdoor kitchen beneath a screened lanai overlooking the lake--an ideal setting for large family gatherings, holiday retreats, intimate celebrations, or hosted events. The covered boat dock includes a ski boat hoist and filleting station, while a secondary dock provides additional launch space and a lakeside perch for sunset views. Adding value and income potential, the detached guest villa offers approximately 1,200 square feet with a full kitchen and living quarters, ideal for short-term rental, live-in ownership with passive income, or private guest accommodations. Adjacent is a three-bay garage suited for boats and recreational storage. A separate lakefront entertainment pavilion, complete with a full bath and double French doors, opens to the water--well-suited for weddings, corporate retreats, wellness weekends, or private events, allowing the estate to live and earn far beyond a traditional single-family home. The property is eligible for rentals with a one-week minimum, ideal for vacation rentals, group retreats, or owner-occupied income strategies. Further enhancing future upside, the fourth parcel includes architectural plans for a three-bedroom, two-bath residence, providing a clear path to expand the estate's rental footprint or long-term value. Utilities are already initiated, including pre-plumbing--saving time in the build process. Lost River Preserve spans 900 acres of protected lakes and shoreline, offering boating, kayaking, and trophy bass fishing amid preserved natural beauty--just 35 minutes from Downtown Tampa. More than a home, this is a legacy property with future income potential--where lifestyle, flexibility, and long-term value align.