Short sale. Rare opportunity! Restore this exceptional palatial home making it your own showcase masterpiece! This stunning 6 bed/5 bath estate offers two adjoining homes on a full one acre conservation lot in prestigious gated gracewood at river ridge community, perfect for multi generational family living, mother in law suite, or rental income opportunity. Exterior features: the exterior welcomes you with elegant stucco architecture and mature landscaping on this private acre lot. The screened lanai showcases a sparkling free form heated pool and spa perfect for florida entertaining. Poold deck is in need of repairs. The spacious 3 car garage provides ample storage and convenience. Included in the sale is a power stroke generator (2. 5 yrs old, used 1x, 6000 running watts) this conservation lot offers ultimate privacy with no rear neighbors and natural beauty of cypress trees. Interior flow main home: step inside to discover an architectural masterpiece with soaring vaulted ceilings and luxurious finishes throughout approx 4,022 square feet. The gourmet kitchen boasts rich wood cabinetry, granite countertops, and flows seamlessly into the family room. The show stopping master suite retreat features double door entry with spectacular grecian columns, rounded walls, fireplace, triple sliders to the lanai, and its own designated electrical panel. The en suite master bathroom is truly extraordinary with separate vanities, granite countertops, 2 person black jacuzzi jetted spa, bidet, and a walk through shower complete with 6 nozzles plus waterfall feature. Adjacent to the master suite is a private office with its own bathroom. The enormous bonus room serves perfectly as game room, library, or additional bedroom. Formal living and dining areas along with 2 additional bedrooms, separate office, and 2 fireplaces completing this magnificent main residence. Adjoining home: the separate adjoining home of approx 1,648 square feet features its own private courtyard entry with 3 bedrooms, 2 baths, full kitchen, family room with fireplace, and separate utilities ideal for guests or rental income. Recent updates & location: recent updates include new roof 2021 and new water heater in main home 2023. Flood insurance is assumable at under $1,000 annually. Located in desirable gracewood at river ridge with easy access to beaches, shopping, dining, and medical facilities. Additional features include 3 a/c systems and whole house vacuum system. Just 15 minutes to gulf beaches and 30 minutes to tampa international airport.