PRICE IMPROVEMENT - THE BEST VALUE IN ODESSA! SELLER HAS A RECENT APPRAISAL FOR $3.4 MILLION! INSTANT EQUITY SITUATION FROM DAY 1 WITH EVEN MORE VALUE ADD POSSIBLE WITH UPGRADES AFTER PURCHASE! A once in a lifetime WATERFRONT ESTATE located on highly desirable Lake Alice! This property provides tons of versatility being zoned ASC-1. Make your Equestrian, sports complex, garage, or future entertainment dreams a reality with this extremely rare opportunity! Enjoy the 234 feet of lake frontage lined with Cypress Trees as Lake Alice is a well sized 87 acre lake known for its crystal clear waters! Go through the wrought iron gates to an extended driveway that takes you to this stunning CUSTOM-BUILT HOME. Be greeted to stunning CURB APPEAL with breath taking ARCHITECTURAL FEATURES, unique ELEVATION, and an oversized brick paved motor court. Featuring 8.94 acres with 6.06 acres high and dry, 9,200 sq ft of generous living space, 2 kitchens, 2 dining/family rooms, 8 bedrooms, 5.5 bathrooms, split 7 car garage, 2 patios, 2 outdoor kitchens, a grandfathered pavilion, theatre room, 3 wet bars, and so much more! This property is perfect for EXTENDED FAMILY living as the left side offers a 3 bedroom, 2 bath while the main home offers a 5 bedroom, 3.5 bath on the right side. The spaces are divided by a shared foyer in the front with access to each side. You will take notice of the beautiful Travertine floors that sprawl throughout the main living spaces with an abundance of NATURAL LIGHT coming from all the windows with tranquil Lake views. The family room showcases a stone fireplace and runs into the LUXURIOUS KITCHEN that offers more LAKE VIEWS, GRANITE COUNTERS, CUSTOM CABINETRY, OVER-SIZED ISLAND, STAINLESS STEEL appliances, granite BACKSPLASH, and pantry. Pass your OFFICE on the way to your primary suite that offers a retreat from everyday life with great walk-in closets. Primary bath features lots of room with double sinks and beautiful large shower! All bedrooms are extra-large with generous walk-in closets. The THEATRE ROOM has a bar for entertaining & enough room to sprawl out for family movie night or game day! Live the FLORIDA LIFESTYLE lounging on one of your COVERED PATIOS overlooking Lake Alice and the lush estate. All while being perfectly located in the A+ Steinbrenner school district close to the Tampa International Airport, Veteran's Expressway, shopping, dining options, medical, & everything Tampa Bay has to offer! This property was built commercial grade and there are too many other features to list. A floor plan and upgrade sheet are available upon request. Make your private appointment today!