Classic elegance meets modern sophistication in this stunning Beach Park gated estate on a rarely available ~1 acre / 4+ lots waterfront parcel. A completely walled and wrought iron enclosed estate with two gated entries welcomes you to opulent living spaces, dramatic appointments throughout, marvelous limestone terraces, water views and captivating sunsets on an open Bay protected lagoon with 106 feet of waterfront. Private covered dock/lifts offer quick open Bay access. Designed for the very best of living and entertaining, masterful updates and refined finishes create the perfect Florida lifestyle while embracing the 1920s architectural heritage. Three grand levels provide formal and casual living spaces plus a full detached guesthouse. The main home first level boasts a formal entry and three-story staircase, 2 formal living rooms, dining room, breakfast area, en suite guest bedroom/optional office. A brand new 1200 sqft addition features a grand entertainment family room with full bar, spectacular two-story domed ceiling, floor to ceiling windows. The chef's kitchen features professional-grade appliances, center prep island, granite and rustic beamed ceiling. The second level offers a large gallery landing with a beverage bar and French doors to a wide terrace overlooking the Bay, 3 en suite bedrooms plus luxurious master bedroom with an impressive executive closet/dressing room and elegant bath with soaking tub. A private media room, wet bar, and bonus loft/office space with terrace access are located on the third level. The spacious detached guesthouse greets visitors with a first floor pool cabana or playroom/schoolroom set up with full bath on the first floor. The second floor of guesthouse has a full guest suite with great room/dining area, high ceilings, full kitchen, full bedroom and bathroom and private terrace. Pristine outdoor living and entertaining areas include a heated pool and spa, outdoor kitchen, expansive limestone terraced pool deck, covered entertaining area, basketball court, bocce court, tree house, manicured grounds and meticulous landscaping. Additional appointments include French doors, designer lighting, rich hardwood floors, multiple fireplaces, whole home generator and water filtration, infrared security cameras, and a 3-car garage. Additional automobile storage is available on the property with the additional large parking areas. One of Tampa's best places to live, this sought-after community features A-rated schools, tree-lined streets and parks, minutes to shopping, dining, Tampa International Airport and downtown Tampa.