Major price reduction. Reduced nearly $500,000 to well below assessed value! ! Intoxicating wrap around views from this sprawling deep water estate. Situated on a desired point lot with over 150 feet of waterfront. This residence boasts over 6500 square feet, 7-bedrooms, 7-bathrooms, soaring 20-foot ceilings, floor-to-ceiling windows and an abundance of natural light. The chef's kitchen and living areas are complimented by endless water views. The estates many entertaining spaces include a media room, relaxation room, loft game room, pool, two outdoor terraces and boat dock. Located on the city's widest canal and seconds from the intracoastal. Home needs TLC and priced accordingly. Incredible opportunity to buy a home in the desired Cove community under market value and make your own.