Set within the exclusive guard-gated enclave of Bayway Isles, this refined Mediterranean estate is positioned on an expansive estate lot on the island of Bayway Isles II and sits high and dry above base flood level. The home has never flooded and flood insurance is only $655 a year. Offering timeless architecture, privacy, and elevated living, this previously celebrity-owned residence spans approximately one acre - including a portion of the lake - and enjoys tranquil water views, breathtaking s...Set within the exclusive guard-gated enclave of Bayway Isles, this refined Mediterranean estate is positioned on an expansive estate lot on the island of Bayway Isles II and sits high and dry above base flood level. The home has never flooded and flood insurance is only $655 a year. Offering timeless architecture, privacy, and elevated living, this previously celebrity-owned residence spans approximately one acre - including a portion of the lake - and enjoys tranquil water views, breathtaking sunsets, and a rare sense of scale seldom found within St. Petersburg's island communities. Known for higher elevations, larger parcels, and distinguished residences, Bayway Isles II represents one of Saint Petersburg's most coveted addresses. Composed entirely of multi-million-dollar homes, this offering is currently the least expensive property available on the island - presenting a compelling opportunity within an elite setting.Thoughtfully reimagined by a well-known local interior designer, the home unfolds across nearly 6,400 square feet of curated interiors and approximately 8,500 total square feet. Soaring 12-foot ceilings, solid wood doors with transoms, marble flooring, and architectural archways create understated grandeur, while a refreshed palette and updated fixtures lend contemporary refinement. Enhancements include a clay barrel tile roof, designer lighting, leathered imported granite, custom cabinetry, Sonos whole-home audio, upgraded theater technology, Blueroot landscape lighting, multiple HVAC replacements, and window upgrades.Formal living and dining spaces overlook the pool and lake, anchored by a fireplace. The chef's kitchen flows into the great room, highlighted by a new 85-inch television with surround sound. A climate-controlled 160-bottle wine room and generous butler's pantry add functional luxury. The primary suite offers a fireplace, morning bar, custom closets, and spa-style bath with soaking tub, dual vanities, and steam shower. Two secondary bedrooms with en-suite baths are privately situated opposite the primary wing. A grand executive office is positioned at the front of the home, and a private pool bath is accessible from indoors and poolside. The stadium-seat theater with reclining chairs and popcorn station completes the entertainment experience.Upstairs, a private guest suite ideal for multigenerational living includes a bedroom, large bath with shower and separate jetted tub, walk-in closet, full kitchen with new appliances, and wood flooring.Outdoors, the estate transforms into a resort-inspired retreat. The reimagined pool and spa feature AquaLink automation, saltwater system, updated pumps, lighting, and new tile, framed by expansive terraces capturing lake views. A restaurant-caliber outdoor kitchen with commercial gas grille, smoker, and oversized Komodo Joe ceramic cooker is complemented by a separate bar with sink, refrigeration, and 85-inch television - creating an exceptional setting for sunset gatherings.With 24-hour guard security and convenient access to Gulf beaches, downtown St. Petersburg, marinas, and Tampa International Airport, this residence represents a rare opportunity where estate-scale land, architectural presence, and curated upgrades converge within one of Tampa Bay's most sought-after island communities. The home may be sold fully furnished. A detailed features/updates sheet is attached. Buyer to verify measurements.