Back on the Market! Diamond in the rough, one of a kind - this is a very rare find! Traditional, stately mansion, quality built with superior ICF construction. In need of restoration to return it to it original condition or knock it down and build on a spectacular location directly on the open intercoastal waterway in Dunedin. It features 134 feet of direct open water frontage that's 350 ft deep for over an acre of buildable property. It offers sweeping panoramic open water views of the intercoastal waterway and Caladesi Island. For the boating enthusiast there is an expansive dock that was damaged in the 2024 hurricane on 600 feet mol of submerged land that allows for replacement. For the home renovator this home offers dramatic living space with large rooms and soaring ceilings, this is a custom built 4 bedroom/5.1 bath home with a floor plan that includes a library/den with floor to ceiling bookcases, 2 extra rooms designed to be used as a playroom and gym, large formal dining room, dramatic entry with stately wood staircase, custom wood doors and trim, elevator, open kitchen and family room. Outside is a large open pool, spillover spa and expansive patio deck. Walled front gated entryway with a large driveway and roundabout fountain, as well as a 4 car garage makes for a private yet welcoming impressive entry. Located on a spectacular stretch of open intercoastal and in close proximity to the walkable charming coastal town of Dunedin with its shops, restaurants, breweries, and festival events, and the Pinellas Trail. It offers a small town coastal lifestyle that combines privacy with waterfront living that dreams are made of. The possibilities are endless. FULL DISCLOSURE: This is a fixer upper that needs extensive renovation or build new on this fantastic waterfront lot totaling 3.04 acres including submerged land. It's your choice! Please see full disclosures including summary of home inspection and mold reports attached to listing.