A RECENT $200,000 PRICE REDUCTION and a rare opportunity to acquire one of Tampa's last and foremost historical landmarks in the premier area of Beach Park: Have your own private compound with a magnificent Mediterranean water view estate built in 1925. The property is walled and gated ensuring complete privacy and tranquility; with its own large private deep water dock. This 7545 sf two story jewel is gracefully positioned on over half an acre of verdant landscape providing uninterrupted peace & serenity. This stately home has been updated and renovated to modern standards, without losing the appeal of the Old World charm. The impressive foyer welcomes with a grand staircase & gorgeous Marie Teresa chandelier. The formal living room invites with its expansive ambiance, finely crafted marble fireplace, French silk drapes & exquisite crown molding. Adjacent, a full bar opens to a spacious family room featuring a fireplace accentuating handcrafted box molded wood ceiling, as well as, built-in bookcases. Plantation shuttered French doors open onto a large patio overlooking the 65 foot lap pool and 3 story diving tower. The large formal dining room features "the twin" Marie Teresa chandelier, ornate crown moldings. French doors frame a courtyard view while doors on both ends enhance the feeling of space and allow for seamless transitions between indoor & outdoor entertaining. The culinary center of the home: the Kitchen will satisfy the most discerning chef. Equipped with a large island of granite & state of the art appliances that include: dishwasher, trash compactor, double ovens, electric JennAire cooktop, and a SubZero fridge/freezer ensure cooking delight. It encompasses a cozy nook with views of the pool, perfect for casual meals. Upstairs, the huge primary bedroom suite features decorative molded ceiling, marble fireplace, large closets, balcony overlooking the pool & lush grounds. The large entry sitting room, the en-suite bathroom displays marble shower, toilet, bidet, luxurious jacuzzi tub and large dressing double sink vanity...all further enhance the sybaritic appeal. Truly a tranquil oasis for rest and relaxation. Three "Juliet" balconies overlook the grand foyer & winding staircase. Three additional en-suite bedrooms are spacious & bright. Outdoors the 2 bedroom guest cottage with full kitchen affords comfortable accommodations. Also a 2 car garage attaches to a game room with billiard table, kitchen & bath. All overlook the pool which is the focal point of the over half acre grounds. Tucked in-between is a bubbling hot tub ready for your pleasure. What a treasure! This iconic property will delight the most discriminating buyer! The current owners have lived and enjoyed this magnificent estate for 34 years, but have decided to downsize and enjoy their beach condo.