$200,000 PRICE REDUCTION! This elevated canal front home on Longboat Key offers 5300 SF total living space (2800SF main living level and 2500SF first floor) and an exceptional combination of easy living, tranquility, and rental income potential. Situated in the sought-after neighborhood of Sleepy Lagoon with its own deeded private beach access, this 3 bedroom, 4 bathroom canal front residence with elevator offers ample space for families and gatherings, a sparkling canal for kayaking, fishing and boating (no fixed bridges to the Gulf) plus a caged lap pool with easy exterior access to its own chic Euro style bathroom. This home spans two levels of living and has an open floor plan, seamlessly blending indoor and outdoor living. The main living area with vaulted ceilings is on the upper level and features French Doors to a screened lanai overlooking the canal, split bedroom plan, large kitchen and wood burning fireplace, creating a spacious and inviting feel to the home. Easy to maintain tile floors (no carpet) flow throughout the main living space, complementing the coastal color palette and the overall easy, streamlined aesthetic. The eat-in kitchen offers custom cabinetry with crown moulding, pull-outs, granite countertops, and stainless appliances plus a separate dining room providing the perfect setting for any occasion. The primary bedroom features vaulted ceilings, direct access to the waterfront lanai, canal views, and en-suite bathroom, complete with a granite topped double bowl vanity, soaking tub, and generously sized separate shower. Nestled on the other side of the home are two additional bedrooms, each with beautifully updated ensuite bathrooms including marble topped vanities, perfect for the ultimate in luxury and privacy. For easy everyday living, there's a generously sized laundry room conveniently placed on the main living level. Extra special is the large bonus room tucked on the first floor of the home. This additional 2500+/- SF of interior space is finished with easy to maintain, polished concrete floors and is ensconced by floor to ceiling sliders that open to an expansive lanai, the caged lap pool, Trex decking down to the private dock (can accommodate approx. 30' boat) and sparkling canal waters. The lower level retreat is versatile and a blank canvas for the new Owner, from a home office with inspirational views to a cozy entertainment lounge for movie nights or spirited gatherings. Additional highlights include 2 garages, lush landscaping, and easy deeded access to the Gulf beaches. This dream home with worry-free raised living also generates great rental income to offset expenses, earning $44,000 in just 3 months of 2023! Imagine enjoying the house the rest of the year or how much more you could earn! Make yourself the fortunate next Owner! Life doesn't get much better than this.