Welcome to this one-of-a-kind waterfront estate in the highly sought-after Lake Padgett community, offering deeded water rights on two parcels that extend directly into the lake, a rare ownership opportunity for both land and water rights. The home has been updated for peace of mind with a new roof, newly screened enclosure, and a rebuilt dock with upgraded decking and roof. Parking and storage are a dream with an attached two car garage, a detached one car garage with a soaring 9 foot door, plus an additional golf cart garage tucked behind the detached bay. Step through the front door into more than 3,300 square feet of heated living space, where tall ceilings and expansive windows create a bright and welcoming atmosphere. The main home features four bedrooms and three bathrooms, including a private upstairs bedroom with its own bath, perfect for guests or multi-generational living. The kitchen is the centerpiece of the home, offering rich wood cabinetry, granite countertops, a central island, stainless steel appliances, a built in wine rack, and plenty of counter space. From here, the floorplan flows easily to both casual and formal living spaces, all oriented toward the water. The primary suite is spacious and serene, with crown molding, a spa like bath, and a custom built walk in closet. Secondary bedrooms provide flexibility for family and guests. Plus a sperate office space downstairs. Outdoor living is where this estate truly shines. The screened lanai opens to a resort-style pool and spa with rock waterfall and lush landscaping. The outdoor kitchen is fully equipped for gatherings, featuring a built in grill, a large Green Egg smoker, fireplace, mini fridge, and a mini sink with running water. Above the lanai, accessible only by a private exterior stairway, is an additional 500+ square foot bonus room, complemented by a second story deck for elevated entertaining. This is a versatile space ideal for a game room, poker lounge, theater, or cigar room with its own mini-split AC. Life here means direct access to Lake Padgett’s three lakes, well-known for boating, skiing, and fishing, along with the privacy and space of a rare waterfront estate. This home blends thoughtful updates, rare land and water rights, flexible living spaces, and true resort-style outdoor amenities, making it an incomparable offering in Land O’ Lakes.