As the automated, custom iron entry gates swing wide, you're entering a world gone by, one that's been preserved and improved with a Multi-Million dollar down-to-the-studs renovation. Exceptionally rare opportunity: Roaring 20's mint condition waterfront with 248' on deep water. And, which to like more.... The mansion, the grounds, or the deep water: YES. "VILLA PALMAS HERMOSAS" (House of beautiful palms) is one of Beach Park's original estates, captured in historic photographs of the early days of the last century. A carved stone fireplace graces the gracious living room looking out to glorious sunsets over Tampa Bay, with French doors opening to the adjoining solarium. Both liv. rm. and solarium flow into the oversized family room (Once used as a ballroom) with custom made wet bar featuring barrel stave wall and leather-like granite. A trio of mahogany doors open to the pool. You pass through an elegant rear foyer to the quietly gracious and efficient kitchen, bristling with a galaxy of Thermador appliances. For family meals and large-scale entertaining there's a full, separate scullery/prep kitchen/laundry, and glass wrapped breakfast room.... Your favorite spot for waterfront sunsets. Completing the circle is the waterfront formal dining room scaled for generous sundowner dinners. Return to the front foyer and ascend the broad stairs to the private upstairs family room. The Master is a study in indulgence: Oversized, fitted dressing room, walk-in steel encased safe, large bedroom and pull-out-all-the stops marble bath. There are three more bedrooms and two baths. Take the towered spiral staircase back down to the main floor. Pass through cedar beamed, travertine loggia with outdoor kitchen, across to the garage/guest compound: three car garage, abundant storage, workshop, golf cart garage, and a half bath. There's a stairlift to the quietly elegant, yet cozy guest/in-law quarters. You could do a stay-cation up here: Gleaming heart pine floors, two lovely, oversized bedrooms, marble bath and a half, a kitchen with dining area, and intimate living room. The grounds cover more than 3/4's of a an acre on 2.5 full lots, featuring a 20 x 40 saltwater pool and spa, embraced by ivory travertine deck, lush gardens, and spectacular play yard: Room for large galas, and a pickle ball court. Waterside, you can enjoy quiet reflection or cocktails looking across Bayou Culbreath to the open Bay. Pull up your 60' Sportfisherman, with lifts for two smaller boats, and the opportunity to build a second dock. Power, water, trex-deck, and fish prep station. An estate that cannot be duplicated: it's a 24/7 private paradise. DON'T MISS STUNNING MOVIE UNDER THE TOUR ICON; IT'S MUST SEE T.V.! Agent is related to seller.