Perched on a knoll in prestigious Gables Estates is a home that rarely comes to market. This classical 5b/5.5b home is perfectly positioned on approximately 1 1/4 acres of deep water. Behind the wrought iron gates is a lot that borders approximately 260 feet of waterfront and is the perfect site for those 100+' yachts. This home offers a splendid opportunity to be updated with 2015 appointments. Alternatively, the lot presents an exceptional opportunity to be the site of a grand and magnificent home.