6199 54TH Street S BACK ON MARKET due to buyer's inability to close-no fault of the property. Commanding an extraordinary point-lot position with 135 feet of waterfront on on over a 1/2 acre, this exceptional Bayway Isles estate delivers sweeping open-water views, spectacular sunsets and a level of privacy and boating access that is increasingly rare in St. Petersburg. Set within prestigious, guard-gated Bayway Isles, the 6100+square-foot residence combines timeless architecture, substantial recent improvements and expansive indoor-outdoor living, with approximately 3, 800 square feet of balconies (over 13, 600 SF under roof) overlooking the water. This 5-bedroom, 5.5-bath residence also features a private elevator servicing all levels. Recent substantial improvements include a brand-new charcoal-colored metal roof with lifetime warranty, freshly painted exterior and an updated kitchen featuring modern white cabinetry and top-of-the-line stainless steel appliances. The main living level showcases marble flooring, an expansive waterfront great room, custom wet bar, theater screen and formal waterfront dining room. Also on this level are a generous guest suite with en-suite bath, powder room, walk-in pantry and private office with custom built-ins. Upstairs, four spacious bedroom suites are arranged in a desirable split plan, allowing the primary suite to occupy its own private wing. The luxurious primary retreat captures expansive water views and features plantation shutters, a custom walk-in closet with center island and a beautifully remodeled bath with dual vanities, Jacuzzi tub, walk-in shower and abundant cabinetry. Refinished hardwood floors extend throughout the upper level. Exceptional all-block construction includes 6-inch poured concrete floors, hurricane protection, a new whole-house generator and split four-car garage with epoxy flooring. Approximately 1, 600 additional square feet of bonus and storage space provides tremendous flexibility, along with a private home gym. Outside, enjoy a beautifully refurbished infinity-edge pool and expansive deck surrounded by lush tropical landscaping and programmable lighting. The brand-new dock with 16, 000-pound boat lift, 135 feet of waterfront and immediate access to Tampa Bay and the Gulf beyond creates an exceptional setup for boating enthusiasts. Ideally located approximately 10 minutes from vibrant Downtown St. Petersburg and 30 minutes from Tampa, this extraordinary Bayway Isles estate offers a rare combination of luxury, privacy, boating and location. Recent wind mitigation and 4-point inspection reports are available, supporting more favorable insurance options.