Price reduced $3,999,900.00 since 11/14/09 | Central Florida's most beautiful waterfront estate which is privately gated and located on a private peninsula with over 1100' of water frontage on the Butler Chain of Lakes. 'Palazzo Nobiliare' Authentic Mediterranean architecture was exquisitely crafted & designed by Ray Coudriet, famed Nasrallah Fine Architecture & Marc Michaels. Built to perfection with the finest finishes that one would expect featuring a gourmet kitchen w/ barrell brick ceiling, marble & stone flooring, stately Corinthian columns with soaring coffered ceilings, hand-carved corbels,travertine terraces embracing the Pool banded w/ Roman balustrade lights & fountain, gracious living areas, plus a temperature controlled 5000 bottle wine cellar with custom wine racks and tasting area. A 29' 2-story grand marble Foyer w/hand-painted rotunda ceiling,winding staircase to twin iron balconies, Office, Media Rm opening to lakefront Balcony w/Wet Bar, Veranda w/retractable motorized screens & gas Fireplace and detached Guest Qrts. All bedroom feature balconies overlooking the lake. This Peninsula setting is located on Lake Down and cannot be duplicated anywhere in Central Florida. Imagine the views, words can not adequately describe this setting!