***Spectacular waterfront estate home with direct access on the Famous Butler Chain of Lakes via Lake Down***. Upon driving up to this palatial and authentically designed Mediterranean estate home you will be impressed. The detailed architecture including Olde World Stucco, antiqued brick driveway and walkways, Terra-cotta tile roof with decorative tile inlays and a Versace Iron front door will transport you straight to the Italian countryside. Upon entering the rotunda Foyer you will be captured by the views of the courtyard fountain and soaring ceilings. The home has extensive wood work and barrel ceilings. Residents will enjoy the stunning Library/Living Room where you can enjoy a nice cognac by the fire or dine in style in the spacious dining room with its wine bar and views of the front gardens and fountain. The private Master suite offers a spa-like bath with walk-in stone shower and freestanding tub. The Gourmet Kitchen offers a rustic yet contemporary twist with distressed custom wood cabinetry, both stone and granite counters and $25,000+ worth of brand new commercial grade Viking appliances. You will also enjoy the walk-in pantry, oversized island perfect for casual dining and views into the spacious Family Room with lattice pattern travertine and hand scrapped wood floor. This home offers the finest in Florida living with its outdoor Lanai with Fireplace overlooking the courtyard and fountain as well as the rear lawn and barrel tile boat dock that accommodates two boats. **Spectacular**