One or more photo(s) has been virtually staged. JUST REDUCED TO $2,100,000 A BARRIER ISLAND WATERFRONT HOME! THIS IS THE ONE! When a $2.5M home becomes a $2M home, the market notices. This is that moment. Your new home is the only elevated, true 5-bedroom waterfront estate on Florida's Gulf Coast barrier islands priced at $2,100,000 - and it will not stay here long. With $500,000 in price reductions combined with extensive seller upgrades already completed means one thing: unmatched value in one of America's most sought-after coastal markets. BUILT FOR THE WATER with Direct Gulf access through John's Pass and NO low bridges. A 20,000 lb boat lift, updated double-sided composite dock with electric and water, and open water in minutes. Whether you're offshore fishing at dawn or cruising at sunset, this is the boater's address on the barrier islands. BUILT FOR THE SUNSET Prized western exposure delivers panoramic Gulf Coast sunsets through a dramatic wall of west-facing glass every single evening. The primary suite occupies the entire third floor - fully remodeled in 2021 - with a spa-inspired bath and a private top-floor terrace where the view is yours alone. BUILT TO ENTERTAIN Over 4,500 square feet of refined coastal living. Open floor plan. Chef's kitchen. Dedicated office. Game room. Saltwater pool with new pump and salt generator (2025). Four-car tandem garage. No HOA. Cathedral ceilings, crown molding, gas fireplace, and stone counters throughout. New metal roof (2019). Two new AC systems (2019). Two new water heaters (2022). Fresh exterior paint (2023). This home is ready for you, cast a line, watch the sunset. $2,100,000 for a 4,634 sq ft elevated waterfront estate with a boat lift, Gulf access, sunset views, 5 bedrooms, and zero HOA on Treasure Island's barrier islands. At $453/ft this is the best waterfront value on the Gulf Coast today. Call now. At this price, the next showing could be the last.