$200,000 PRICE REDUCTION! Welcome to waterfront living on Longboat Key. This elevated canal front home (2800SF main living level and 5300SF total) with private elevator offers an exceptional combination of spaciousness, tranquility, tropical living and rental income potential. Situated in the sought-after neighborhood of Sleepy Lagoon with its own deeded private beach access, this 3 bedroom, 4 bathroom canal front residence offers ample space for families and gatherings, direct access to a sparkling canal for kayaking, fishing and boating (no fixed bridges to the Gulf) plus a caged lap pool with outside bathroom access, presenting a wonderful opportunity to embrace the coastal lifestyle. This home spans two levels of living and an open floor plan, seamlessly blending indoor and outdoor living spaces. The main living area is on the upper level and features ample space for entertaining, large sunny windows overlooking the canal, French Doors to a screened lanai, split bedroom plan, wood burning fireplace and vaulted ceilings, creating a spacious and inviting feel to the home. Easy to maintain tile floors (no carpet) flow throughout the main living space, complementing the coastal color palette and the overall easy, streamlined aesthetic. The large eat-in kitchen offers custom cabinetry with crown moulding, pull-outs, granite countertops and stainless appliances. Whether entertaining guests or preparing a quiet meal for two, this well equipped kitchen with separate dining room provides the perfect setting for any occasion. The well-appointed primary bedroom features vaulted ceilings, direct access to the waterfront lanai, canal views, and en-suite bathroom, complete with a granite topped double bowl vanity, soaking tub, and generously sized separate shower. Imagine being surrounded by lush tropical landscaping and manatees playing in the canal just outside your bedroom windows. Life doesn't get much better than this. Nestled on the other side of the home are two additional bedrooms, each with beautifully updated ensuite bathrooms including marble topped vanities, perfect for the ultimate in luxury and privacy. The first ensuite guest bedroom is cheery and bright. It is an inviting place with its built-in Murphy Bed or can be a perfect home office with its built-in shelving and desk. The second ensuite guest bedroom offers serene canal views plus direct access to a waterfront lanai, ideal for a morning coffee surrounded by nature. For easy everyday living, there's a generously sized laundry room conveniently placed on the main living level. Extra special is a large bonus room tucked on the first floor of the home. With an additional 2500+/- SF, this space is finished with easy to maintain tinted and polished concrete floors and is ensconced by floor to ceiling sliders that open to an expansive lanai, the caged lap pool with euro style pool bath, Trex decking down to the private dock (can accomodate approx. 30' boat) and sparkling canal waters. This versatile retreat is a blank canvas for the new Owner, from a home office with inspirational views to a cozy entertainment lounge for movie nights or spirited gatherings. Additional highlights include 2 garages, lush landscaping, and easy deeded access to the Gulf beaches. This dream home with worry-free raised living also generates great rental income to offset expenses, earning $44,000 for the 2023 winter season with 9 more months available for Owner use or more rentals! Room Feature: Linen Closet In Bath (Bedroom 2). Room Feature: Linen Closet In Bath (Primary Bedroom).