Privacy, waterfront living, acreage & exceptional flexibility come together on 3.7 acres along serene Alligator Creek in Punta Gorda. Beautifully designed private estate home offers more than 3,500sqft of living space, generous outdoor living areas, substantial garage & storage space & a peaceful setting surrounded by Florida-friendly landscaping. It also offers additional possibilities, including the potential to function as an Airbnb, to be a wedding & memorial venue for up to 35 events annually, & offers real estate density for up to 17 units. For those seeking an even larger opportunity, two adjacent 5 acre parcels are available separately, or the entire 13 acres w/ the home may be purchased together, offering 67 units of density for a single-family or manufactured home community. Beyond the gated entrance, this owner-designed, structurally reinforced concrete-built estate unfolds. A spacious front porch leads to the double-door entry, where crown molding, tray ceilings, transom windows & generous living areas create an impressive sense of space. The flexible floor plan includes formal living & dining areas, an executive office, family room/game room, & a large kitchen featuring top-of-the-line appliances, a center island, abundant solid wood cabinetry, breakfast bar, and granite countertops. Some furniture is included, while additional furniture & game room equipment are negotiable. An oversized laundry room provides additional storage, while the split-bedroom floor plan creates privacy between the primary suite & guest accommodations. The private primary suite features split vanities, a jetted soaking tub, separate walk-in shower, & large his-and-hers walk-in closets. Three guest rooms, three full baths, an outdoor half bath, & a separate heated outdoor shower complete the accommodations. Two screened rear patios extend the living space outdoors and provide peaceful places to take in the quiet surroundings. From there, the grounds become an experience of their own. Tennessee flagstone walkways wind through the property to an approximately 80,000-gallon contained natural outdoor lagoon/pond with a concrete bottom and walk-in sandy beach area. Custom rock fountains, waterfalls, & a koi pond add layers of water features throughout the backyard, creating a distinctive setting for relaxation, entertaining, and enjoying the Florida sunshine. Car enthusiasts, collectors, or those needing substantial workshop & storage space will appreciate the detached 38×30-foot air-conditioned 4+ car garage w/ three electric overhead doors. The property also includes an additional 30×15-foot storage room w/ two overhead doors, a 30×15 covered patio & entertainment area, & a Hot Springs hot tub. The waterfront setting along Alligator Creek adds another dimension to this Southwest Florida estate, w/a private dock & access to the natural beauty and outdoor lifestyle Punta Gorda is known for. Despite its peaceful and secluded atmosphere, yet convenient to shopping, dining, I-75 and Tamiami Trail, with easy access to fishing, boating, Charlotte Harbor, golf, pickleball, tennis, trails, entertainment and historic downtown Punta Gorda. Award-winning beaches -Boca Grande, Englewood Beach and Manasota Key are also within easy reach. Whether enjoyed purely as a private Punta Gorda waterfront estate or explored for its Airbnb, venue, acreage, and development potential, this property offers a rare combination of lifestyle, privacy, flexibility, and opportunity.