Under contract-accepting backup offers. STUNNING sun rises and the location is one of a kind. Located on the shores of Lake Tarpon in Palm Harbor, FL. This property is breathtaking. With its extremely private setting and scenery it's been named "Butterfly Island". We are excited to present this unique opportunity for the first time since being purchased in the early 1980's. Overall, the home and structure is in good condition but will need to be modernized. You'll enjoy over 2,200 sf of living space with stunning views from most every room. 3 bedrooms and 4 baths. Downstairs you have the master bedroom with ensuite, an office or hobby room, living room, sitting room, kitchen and additional full bath. Upstairs are two additional bedrooms with private bathrooms, a study/bar area and screened in lanai overlooking the landscape and lake. The home is octagon shaped. If you want to create your own space and live on the shores of Lake Tarpon, this is surely the home and location for you. Features & highlights: this home sits on over 3/4 of an acre and is lushly landscaped, three docks, one boat house, roof installed in 2018, hvac 2018 with newer split units, some plumbing and electrical updates have been made, this is a blank canvas waiting for its new owner. The pictures you see are true to life, this home is not in perfect condition but you will fall in love once you are on the property. You won't want to miss this opportunity. Schedule your private tour today to explore this property and see if it is right for you. The seller has wisely priced this home based on our current market conditions, condition of the home, necessary work and value of the land. Offered “as is” at current asking price.