Herein lies the best waterfront opportunity that you will find in Sarasota. The seller is offering a flexible sales structure to include subdividing the parcel with the waterfront lot/home priced at $5,450,000 and the easternmost vacant 17,000+ sq. ft lot at $1,200,000. Seller will pay for the subdivision of the parcels. Survey is underway. Seller requires the waterfront parcel to sell prior to the land lot. The front parcel offers a storied setting of wide open Bay views and is adorned with a picturesque grandfathered boat house. Located only 3 lots from the Field Club and enjoying 112.5 feet of shoreline, possibilities lie in either constructing a new residence or remodeling the existing structure which is perfect for multi-generational families. Distinct wings offer privacy and the ability to have family members work at home. Last remodeled in 2005 in early Coastal Traditional architecture, the floor plan offers the ultimate in flexibility. The bayside master suite of rooms is located on the first level. An expansive living room/dining room are along-side the kitchen. One staircase leads to massive dual offices/gyms/dens and the other staircase accesses 2 guest bedroom suites and separate self-contained 2 bedroom/2 bath guest quarters with kitchenette. Features include a metal roof, wrap around porches, and an open free form pool. The pool-side cabana provides a summer kitchen and pool bath. Security cameras are located inside and out with remote viewing capabilities. 7 AC newer units. Electricity for car battery is located in the garage. Sell the vacant lot or retain for your use.