Listed UNDER appraised value. This fully furnished 5-bedroom, 4.5-bathroom home in the gated Parasol West Community offers waterfront living with direct access to Old River. The property includes a DEEDED BOAT SLIP and a private boat launch. This three-story residence features new AC units on each level, two new water heaters, and a newly updated $25K elevator with a 15-year warranty, ensuring modern comfort and accessibility. The main living area features 20-foot ceilings and large windows that showcase stunning views of Old River. A gas fireplace brings warmth and charm, while the open kitchen combines functionality with style. The kitchen has a breakfast nook, granite countertops, a gas cooktop, and stainless steel appliances. Its north-facing screened-in back patio spans the width of the home, offering a versatile space for relaxation or entertaining. This level also features three spacious bedrooms: one ensuite with two queen-sized beds and two others connected by a Jack-and-Jill bathroom. The top floor is dedicated to the master suite, providing a private retreat with a king-sized bed, a sitting area overlooking Old River, and a small balcony ideal for enjoying fresh air. The suite also features two walk-in closets that lead to a bright bathroom featuring double vanities, a water closet, a spa tub, and a separate shower. The first level features a private Mother-in-Law suite that includes its a bedroom, a bathroom with a shower, a kitchenette, a living area with a Murphy bed, and a covered patio providing access to the backyard. This floor also includes a large storage room and two oversized garages, enhancing the home’s practicality. Parasol West is a gated community of just 35 lots/residences, offering amenities that enhance convenience and peace of mind. The HOA provides lawn care, community maintenance, and a shared swimming pool with restrooms. A 90-day minimum rental restriction ensures a quiet, residential environment.