Tucked inside of the gated community of Regatta Bay sits this renovated waterfront Spanish-style estate. This stunning residence is perfectly positioned on the lake and just a short stroll from the bay. Upon entry, you are greeted by the spacious living room with 22' ceilings, a beautiful brick fireplace, and floor-to-ceiling windows flooding the room with natural light. the open floor plan allows for seamless entertaining and connects the living room to the kitchen and dining area. The chef's kitchen features dual ovens, a gas stove, oversized island, dual sinks, and a wet bar with an ice maker and wine cooler. The dining room showcases a brick fireplace and views of the stunning outdoor living area. The master bedroom boasts a two-sided fireplace with a sizable seating area overlooking the pool. The updated master bathroom features dual sinks, a free standing tub, a private water closet, and oversized shower with dual shower heads. Additionally on the first level is a flexible space with a fireplace and built-in cabinetry. A half-bathroom, laundry room, elevator access, and two-car garage complete the first level. The modern wood staircase leads you to the second level which features the remaining bedrooms. Two of the bedrooms are connected by a Jack-and-Jill bathroom with a soaking tub. The second-level flex space is oversized and flooded with natural light. This large room provides stunning views of the lake and features sliding glass doors that allow you to access a spiral staircase that descend to the outdoor living area. An additional bedroom, full bathroom, wet bar, and elevator access complete the second level. The luxury outdoor living area is configured around the stunning, oversized pool. This space is covered by a glass enclosure, allowing for outdoor enjoyment no matter what the weather is. Designed with entertaining in mind, the outdoor space features the large pool, plenty of seating for lounging and dining, and a luxury outdoor kitchen with tiled bar, all while being surrounded by privacy landscaping and the lake as the backyard. The sought-after neighborhood of Regatta Bay provides homeowners access to their renowned golf course and academy, a community pool and clubhouse, the Rubio Tennis Facility, the Yacht Club Pool overlooking the Bay, and much more. 347 Captains Circle is perfectly positioned minutes from sugar sand beaches and turquoise waters, world-class restaurants, shopping, entertainment, and champion golf courses. Inquire today to schedule a private showing and start living the coastal lifestyle you deserve!