Welcome to Island House—NOW REPOSITIONED AT $3,495,000—an exceptional opportunity in exclusive, 24-hour guard-gated Bayway Isles II. Offering nearly 6,400 square feet of curated living space and approximately 8,500 total square feet, this extraordinary Mediterranean estate occupies an expansive homesite of approximately one acre, including a portion of the lake, with tranquil water views, spectacular sunsets and remarkable privacy. Bayway Isles II remains one of Tampa Bay's most coveted addresses, known for distinguished residences, larger homesites and an atmosphere of exclusivity. Soaring 12-foot ceilings, marble flooring, solid wood doors with transoms, graceful archways, designer lighting, a 2023 clay tile roof and elegant finishes create understated grandeur throughout. The chef's kitchen features premium appliances, leathered imported granite, custom cabinetry, oversized island, veggie sink and breakfast area opening seamlessly to the great room. Luxury amenities include a climate-controlled 160-bottle wine room, butler's pantry, whole-home Sonos audio, upgraded theater technology and extensive recent improvements. The primary suite is a private sanctuary with fireplace, morning bar, custom closets and spa-inspired bath with soaking tub, dual vanities and steam shower. Two guest suites with en-suite baths are privately positioned opposite the primary wing, while a grand executive office and dedicated pool bath enhance functionality. Designed for entertaining, Island House features a true stadium-seat theater with reclining chairs and popcorn station plus a spacious media room. Upstairs, a private one-bedroom suite offers a large bath, walk-in closet, full kitchen and separate living area—ideal for guests, multigenerational living or extended stays. The upper level also presents the opportunity to create an extraordinary second primary suite or private wing. Outside, the reimagined heated saltwater pool and spa feature newly installed tile, upgraded automation, lighting and equipment. A restaurant-caliber outdoor kitchen and separate bar with sink, refrigeration and 85-inch television create an exceptional setting for sunset entertaining overlooking the lake. Despite its stunning water views and expansive grounds, the residence has never flooded. Convenient to Gulf beaches, downtown St. Petersburg, marinas and Tampa International Airport, Island House offers a rare combination of scale, privacy, exceptional amenities and resort-style living. At its newly repositioned price of $3,495,000, this pristine estate represents a compelling value within Bayway Isles II. The home may also be sold fully furnished. Features and updates sheet available.