Under contract-accepting backup offers. UNBELIEVABLE PRICE Drop!! This home has been APPRAISED and now PRICED UNDER Appraised Value and better than new construction pricing!! ACT FAST!!! This move-in-ready home sits on a premium oversized waterfront lot in one of Englewood's top gated communities. With high-end upgrades, privacy, and no building delays, this is unbeatable value you won't want to miss. Act fast-this one needs to be SOLD! Why wait for new construction when you can have better-RIGHT NOW-on a premium waterfront lot that's already fenced, fully upgraded, and completely move-in ready. This stunning Princeton II by Lennar offers 4 bedrooms, 2 bathrooms, a 3-car garage, and over 2,200 square feet of beautifully finished space in Island Lakes at Coco Bay, one of Englewood's most sought-after communities. Positioned on a rare oversized water lot, this home delivers peaceful pond views, backyard privacy, and space for your future pool-all without the added cost, delay, or hassle of building from scratch. The curb appeal is undeniable, with manicured landscaping, a pavered driveway and walkway, and an elegant front door that immediately elevates the exterior. Inside, the light-filled open floor plan welcomes you with neutral tile flooring throughout (no carpet), designer lighting, tray ceilings, upgraded fixtures, and impact-rated triple sliding glass doors leading to a covered screened lanai perfectly positioned to capture the water view. The chef-inspired kitchen boasts white cabinets with crown molding, quartz countertops and backsplash, stainless steel appliances, pendant lighting, LED recessed lights, and a walk-in pantry. The flow from the formal dining space to the eat-in kitchen area and onto the lanai is seamless-offering effortless indoor-outdoor living and entertaining. All three secondary bedrooms feature tile flooring and built-in closets. The guest bathroom includes quartz countertops, a tub/shower combo with designer tile, and natural light. The primary suite is a true retreat, privately located at the rear of the home with serene pond views, a tray ceiling, upgraded ceiling fan, private lanai access, and a spacious walk-in closet. The ensuite bathroom includes a frameless glass shower, quartz vanity, and elegant designer finishes. Additional highlights include a full laundry room with washer, dryer, utility sink, and upper cabinetry, plus smart-home upgrades like a WiFi thermostat, Video Doorbell Pro, Vivint security cameras, smart front door lock, and impact-rated windows. The garage features a finished epoxy floor. Island Lakes at Coco Bay offers a gated, resort-style lifestyle with a clubhouse, pool, pickleball courts, and a playground. Just minutes from Englewood Beach, Boca Grande, marinas, golf, and local dining favorites like the Lighthouse Grill and Ken & Barb's Grove City Kitchen. This is more than a home-it's your Florida lifestyle realized. With a premium lot, full of upgrades, fenced yard, screened lanai, and concessions already on the table, there's no need to wait. Schedule your private tour today-opportunities like this don't last.