Under contract-accepting backup offers. Welcome to Placida Paradise, a captivating waterfront estate in the gated community of Coral Cove. This Key West inspired masterpiece blends timeless charm with coastal sophistication, featuring lush tropical landscaping, elegant stone accents and refined custom finishes throughout. Offering 3,507 sq ft under air (5,553 total), including nearly 1,200 sq ft of beautifully finished air conditioned bonus space, this home delivers exceptional style, space and versatility. An additional vacant lot with its own dock is available for separate purchase, creating even greater potential for privacy, investment or future expansion. Set along the Amberjack Cove waterway with direct access to Coral Creek, the Intracoastal and the Gulf of America, this is more than a home--it's a lifestyle. The private dock with a 10,000 lb lift offers effortless access to endless days of boating, fishing and island hopping. Imagine mornings with dolphins at sunrise, afternoons by the pool and evenings watching golden sunsets over the water. Designed for both grand entertaining and everyday comfort, the 25x55 elevated pool and spa are surrounded by tropical greenery and a spacious deck with sweeping water views. The screened lanai spans the length of the home and features an impressive outdoor kitchen with built-in grill and bar--perfect for hosting unforgettable Florida evenings. The main living level boasts soaring ceilings, a great room anchored by a cozy gas fireplace and an entire wall of windows flooding the space with natural light. The gourmet kitchen features granite countertops, rich wood cabinetry, stainless appliances, a wine refrigerator, custom horizontal wine storage and a pass-through window to the lanai. Two spacious guest rooms, a full bath and a large laundry room complete this level, while a private elevator connects the lower level garage and bonus space to the main floor. The entire top floor is devoted to the owner's suite, offering a level of privacy and luxury rarely found. Step onto your private balcony for panoramic water views, enjoy an oversized walk-in closet with built-ins and a spa-like bath with dual vanities, a linen closet and a shower built for two. Additional highlights include impact-rated windows and doors, a durable metal roof, new irrigation, landscape lighting and an electric fence for pets. The oversized three-car garage with workshop easily accommodates vehicles, kayaks, fishing gear and more. The lower level features approximately 1,200 sq ft of beautifully finished, air conditioned bonus space--perfect for a gym, office, game room or creative studio. Though not included in county-recorded living space, it adds incredible comfort and versatility. Buyers are encouraged to verify measurements and square footage to ensure this space suits their needs (floor plan available). Located just minutes from Boca Grande, Palm Island and the boutique shops of Dearborn Street, this property offers the best of Florida's Gulf Coast lifestyle--privacy, elegance and the unmistakable magic of living by the water.