Welcome to this unique home nestled on a small island on Lake Bonny in Lakeland. Spanning 5.2 acres of beautiful lakefront estate. The property boasts a gated driveway, mature vegetation, green grass and numerous shady trees. The primary spacious home, over 5,000 square feet, features 5 bedrooms and 4 bathrooms. Additionally, there are two different dwellings with private entrances. Currently, one of the two units is under lease until early March. The other two story attached guest house, with over 3,000 square feet, 3 bedrooms and 3 bathrooms, can be converted into a short term or long term lease. Enjoy your breathtaking lake views from every corner of the property. This incredible home offers a wealth of features and possibilities in an established neighborhood. Its conveniently situated near to colleges, shopping, attractions, and providing easy access to major cities like Tampa and Orlando. There is a current land survey which reveals six more buildable lots beyond the two lots currently occupied by three different dwellings. This presents an excellent opportunity for development and investment. Dont miss out on this remarkable possibility! Schedule your showing today to explore this limitless potential!