Newly positioned at $1,549,000, this distinctive Lake Thonotosassa estate brings together acreage, waterfront access, resort-style amenities, and compelling investment potential in Tampa Bay. Located at 11401 Thonotosassa Road in Thonotosassa, Florida, the 2.42-acre property features a 6-bedroom, 5-bath residence with two full kitchens, offering flexibility for a luxury vacation rental, multigenerational estate, or private retreat. For investors exploring short-term rental properties near Tampa, the combination of spacious accommodations, memorable gathering spaces, and a scenic lake setting creates an opportunity to develop a distinctive guest experience. Soaring vaulted ceilings, handcrafted wood finishes, and a Turkish bath spa bring character to the interior, while the resort-style pool with sun shelf, koi pond, waterfall, and stream create an inviting outdoor escape. A separate lakefront parcel across the street adds a cabana, outdoor kitchen, fire pit, and direct lake access, expanding the opportunities for relaxation and entertaining. Picture a boutique wellness retreat, corporate getaway, or intimate destination wedding setting, with any rental, retreat, wedding venue, or commercial event use subject to buyer verification of zoning, licensing, permitting, and applicable approvals. A detached three-car garage, custom carport, and parking for more than 10 vehicles add practical versatility. With no HOA and no rental restrictions reported, this Hillsborough County estate deserves attention from buyers seeking a Tampa Bay investment property with acreage and waterfront appeal. Access to I-75 connects the property with Downtown Tampa, USF, Moffitt Cancer Center, Tampa International Airport, and the region’s sports and entertainment destinations. Schedule a private showing to explore the setting, the flexibility, and the possibilities at this newly established price.