Located in WaterColor's most prominent location, this iconic residence on an oversized corner lot boasts multiple porches and amazing views of the Gulf of Mexico from the soaring four-story watchtower. It is positioned directly across from the beach club and multiple beach access points. Look down on the large, private pool, carriage house and garage to the rear, which are easily accessed from Western Lake Drive. Designed by architect Dawn Thurber, this grand Florida home has recently been updated with the addition of a new third-floor bathroom, updated flooring and new lighting throughout. High-end finishes include a central vacuum and full-height impact glass windows. The second floor boasts the main living and dining areas, elevated for maximizing privacy. The open living room has lofty ceilings and multiple French doors opening onto 2,400 square feet of covered outdoor living spaces. Elsewhere, you'll find a formal dining area and many cozy nooks for quiet times or intimate chats. The gourmet kitchen is fully equipped with a bar for socializing before heading out for dinner. Seven beautiful bedrooms, including king suites on each floor and in the guest house, a generous built-in bunk space, and 6.5 baths can comfortably accommodate larger family groups, weddings and gatherings looking for a luxury retreat. Nestled between the home and carriage house, the private pool area is perfect for enjoying a swim or relaxing after dark in front of the woodburning fireplace. The large outdoor kitchen will be a favorite place for barbecues and casual dining after a full day's activities. At sunset, head up to the tower room and enjoy the best gulf views beneath the crimson sky. The oversized mudroom has two sets of washers and dryers, custom built-ins and more, next to the designated changing room. It's perfect for the steady procession of guests and renters returning from the pool or beach. This prime vacation home is a short stroll from Town Center shops and restaurants including Fish Out of Water. The renowned WaterColor Inn is right across the street. Tennis, pickleball courts and Camp WaterColor are just a short bike or golf cart ride away. Not surprisingly, this one-of-a-kind home is ideal for investment income with rentals exceeding $500,000.