MAJOR PRICE ADJUSTMENT! Welcome to the ultimate boatable waterfront retreat offering unparalleled views of Southerland Bayou at the entrance to the Intracoastal Waterway. Perfectly positioned in the highly sought after Ozona community on a quiet cul de sac, this waterfront residence offers breathtaking panoramic water vistas from every room along with rare deep water access and direct access to the Intracoastal Waterway and Gulf, making it a true boaters paradise. The charming keywest faade, eco friendly solar power, expansive living spaces, and incredible bones create a rare opportunity for a buyer to bring their vision and decorators touch to transform this property into a spectacular custom waterfront estate. From the main level, endless water views immediately captivate throughout the open concept design featuring soaring ceilings, a cozy wood burning fireplace & a wraparound covered porch showcasing stunning 180 degree water views. Below, enjoy a sparkling pool & lanai, private dock, and covered boat lift. The spacious entertaining areas include a large bar area flowing into the oversized kitchen complete with granite countertops, stainless steel appliances, custom wood cabinetry & a breakfast bar overlooking the water. Adjacent is a formal dining room with intricate ceiling detailing & sweeping water vistas. An additional office/bedroom/in law suite offers built in bookshelves & an attached half bath with potential to convert to a full bath, while a closet pantry, separate laundry room & electric dumbwaiter add convenience and functionality. On the opposite wing, two generously sized guest bedrooms offer sliding door access to the lanai & share a Jack and Jill bathroom with dual vanities and granite countertops, along with an additional guest bath and spacious office/5th bedroom with another bathroom. Up the grand open staircase, discover the luxurious primary retreat featuring soaring wood ceilings, a versatile bonus room ideal for an office, nursery, or additional closet, a hobby room or oversized walk in closet & a beautifully appointed en suite bath with an oversized soaking tub, seamless glass walk in shower, double vanities, private water closet, and custom walk in closet with built in organization. A charming sitting room with a gas fireplace and vaulted ceilings adds warmth and character while plantation shutters and a private covered balcony provide the perfect place to take in the spectacular coastal views and breezes. The ground level offers excellent potential for an in law suite with a full pool access bathroom, living room, kitchenette with granite counters, and an additional enclosed flex room recently refurbished, ideal for guests or multi generational living. Two spacious garages, a workshop, and abundant storage complete the space. While the home could benefit from cosmetic updates and modernization, the possibilities are endless for creating a stunning luxury waterfront showcase. Notable upgrades include three HVAC systems (2017, 2018, 2020), Roof 2018, monitored alarm system, two boat docks, and solar power. Situated in a beautifully maintained HOA free upscale neighborhood just minutes from downtown Palm Harbor and Crystal Beach, with endless dining, shopping, award winning beaches, excellent medical facilities, top rated schools, and Tampa International Airport only 30 minutes away, this rare waterfront gem offers luxury living, privacy, unmatched boating access, and the ultimate Florida coastal lifestyle.