This newly renovated waterfront five-bedroom, 4.5-bath estate is the ultimate staycation residence, designed and built by a local resort developer who spared no expense in creating a luxury living experience. In one of Central Florida's exclusive 24-hour guard-gated communities, the home offers an exceptional blend of luxury, privacy, security and recreation. Uniquely positioned on a quiet, pristine canal with direct access to the renowned Butler Chain of Lakes, this residence delivers an unparalleled waterfront lifestyle on one of the desirable lake systems in the state. The open-concept interior showcases expansive living spaces, soaring ceilings, and stunning water views throughout. A rare indoor half-court basketball and sports court features 25-foot vaulted ceilings, a regulation basketball hoop, stone fireplace, and a wall of glass French doors overlooking the pool, lanai and canal. This versatile space also serves as a spectacular entertaining area and could be reconfigured into a private guest or in-law suite with separate street access. The space includes a large-screen TV and high-definition projector for nighttime entertainment. Additional amenities include a first-floor 4K movie theater with 115-inch screen and surround sound, a 600-bottle temperature-controlled wine cellar with VintageView display, and a gourmet chef's kitchen featuring all-new GE Monogram appliances, custom cabinetry, premium stone countertops, instant hot water and a silent remote blower hood system. A dual-use butler's pantry and laundry room offers an extra dishwasher, sink, under-counter beverage and wine refrigerators, and generous counter space for small appliances. The primary suite is a private retreat featuring a spa-inspired bath with two-person soaking tub, fireplace, built-in TV, steam shower, instant gas water heater and automated blackout shades. Toto heated washlet systems are installed in all full baths. Outdoor living rivals a luxury resort with a 40-foot swimming pool and spa with gas and electric heat, custom pool finish, travertine decking, new screen enclosure and dramatic nighttime lighting. The covered lanai includes a summer kitchen, entertainment bar, gas fireplace, gas fire pit, 240-volt ceiling heater for year-round comfort, stone fountain wall and seamless connection to the indoor sports court. A private boat dock has been fully renovated with composite decking, new lift motor and cradle, automated boat cover, two covered jet ski lifts and paddleboard launch. Extensive upgrades include new impact windows, high-SEER HVAC systems, custom porcelain tile, custom cabinetry and stone counters throughout, custom iron front door, custom chandeliers, precast baseboards and crown molding, automated Control4 home automation with Alexa integration, landscape lighting throughout front yard, backyard and dock, new insulated garage doors with cameras, built-in garage cabinetry, maintenance-free garage flooring, 15KV generator, lightning protection system, concrete safe room with steel door, private monitoring security system and 16 exterior cameras. On a private cul-de-sac with no homes in front or behind, the property also offers access to community amenities, including tennis, pickleball, basketball courts, park, playground, fishing pond and 24/7 staffed gate.