New price! Mediterranean style lake front home in exclusive gated/guarded Isle of Osprey. Located in the fabulous community of Bay Hill, this home offers 160+ feet of lake frontage on the Butler Chain of Lakes and is located on over one acre with a private boat dock. A Parade of Homes model in 1992 built by Ray Coudriet with extensive upgrades in 2006 and 2008. As you enter the foyer you are welcomed by stunning lake views through the ceiling-to-floor windows. The formal living and dining rooms feature stone flooring and the dining room has a custom wine refrigeration unit. The kitchen has been updated with custom Busby cabinets and built-in wine chiller and opens into a large family/game room with dual sided gas fireplace, full bath and wet bar that leads outside to the covered outdoor kitchen with stone accents, travertine flooring and screened heated pool and spa! Just off the family room is a separate room perfect for a home theatre, additional guest bedroom or kid's retreat and separate entrance from the garages. The master suite is situated next to a study/sitting area with built-in cabinetry, and wet bar with refrigeration. The luxurious marble master bath features dual sinks, spacious shower, and a view to take your breath away. The upstairs features 5 spacious ensuite bedrooms and a loft area. Extensive use of hardwood, marble and granite flooring has been used throughout the entire house. The boat dock is just a short distance from the house and has boat and jet ski storage.