JUST REDUCED $140,000!!! This exceptional waterfront retreat is supported by a current appraisal, creating a rare opportunity to purchase with instant equity. Sellers are motivated, positioning this home as one of the most compelling luxury waterfront values currently available on NPI. Experience coastal luxury reimagined in this striking custom-built home completed less than 3 years ago, offering over 300 degrees of unobstructed water views. Hurricane-rated impact windows frame nearly every room, flooding the home with natural light and coastal scenery. Inside, refined craftsmanship shines with 7/8-inch Pennsylvania black walnut flooring with turquoise inlays, Arkansas virgin knotty pine ceilings and beams, and Carrera marble accents throughout. The gourmet kitchen features custom cabinetry, a statement copper sink, and professional-grade appliances, opening seamlessly into open-concept living and dining spaces ideal for entertaining or everyday coastal living. The home includes 5 bedrooms plus a private home theater or flexible suite, featuring premium acoustics, Harman Kardon sound, and Dolby Digital surround. Distinctive architectural touches-historic French doors, 18th-century theater doors, and a bespoke pirate-themed bedroom-add character rarely found in modern construction. The primary suite offers sweeping water views, a spa-style bath, clawfoot soaking tub, oversized tiled shower, and private laundry. Outdoors, enjoy resort-style living with a heated saltwater pool, composite decking, and a private dock with two boat lifts, providing direct access to the Intracoastal Waterway and the Gulf of Mexico. Modern systems include a whole-house dehumidifier, hardwired sound and security, tankless water heater, trim lighting, electric blinds, and low-maintenance xeriscaping. Located minutes from the beach, Gulf access points, dining, shopping, and Douden Park, this home delivers a rare blend of craftsmanship and lifestyle.