MASSIVE $300k price drop. Priced significantly under comps! Back on market due to buyers funding issue and failure to close. Welcome to this exquisite custom-built home in the beautiful, private, gated community of Oak Reserve. Built by the renowned Bayfair Custom Homes in 2020, this 6,947 SF home is nestled on a breathtaking 1.4-acre lakefront homesite just 11 miles north of Downtown Tampa. The estate-style residence boasts five spacious bedrooms, five full bathrooms, two half bathrooms, a study, a game room, a media room, and two laundry rooms for your convenience. A grand double-height foyer with a cantilevered staircase welcomes you into the home, leading you back into an impressive great room - featuring soaring coffered ceilings, expansive transom windows for abundant natural light, custom built-ins, and a cozy gas fireplace. A large custom kitchen equipped with Wolf & SubZero appliances and gorgeous custom cabinetry overlooks the stunning pool area. For formal occasions, a separate dining room with a butler's pantry awaits. The first floor also offers a game room with a full bathroom and wet bar, a fully equipped media room for entertainment, and a gracious guest suite. Additionally, you'll find a half bathroom, laundry room, and a large mudroom area to complete the main level. On the second floor, discover four more sizable bedrooms, including the elegant owner's suite - complete with a charming covered porch, two expansive walk-in closets, a dressing room, a large primary bathroom featuring two vanities, a spacious walk-in shower, two water closets, and a relaxing bathtub. Two bedrooms share a jack & jill bathroom, and another bedroom offers an ensuite bathroom. The second floor also houses the primary laundry room and a large storage room. The grand staircase in the foyer is complemented by a back staircase off the mudroom. Full walk-up attic with flooring, storage & insulation. The outdoor space is a true oasis, featuring a resort-like pool and spa with gas and electric heaters, fire bowls, water features, and travertine decking. The summer kitchen invites al fresco dining, and the landscaped yard with new smart home-enabled irrigation adds to the beauty. Exceptional features and upgrades include a dock, fish feeder, fire pit, landscape lighting, a whole house Generac generator, spray foam insulation, Denco water softeners system, extensive smart home automation technology, and a multitude of speakers and cameras throughout the home, and pool area. Don't miss out on the chance to own this exceptional home - where luxury, functionality, and tranquility converge in perfect harmony. ***The adjacent lot (lot 8) (MLS # T3451489) is owned by this homeowner and is also for sale should the buyer want additional land. Total lot size would be 2.37 acres with the additional adjoining lot which is a one-acre, buildable waterfront homesite, presenting an exceptional opportunity.