Surrounded by elegant gardens on coveted waterfront is this Craftsman estate in Alameda's Gold Coast. A rare opportunity: fully renovated 3+BD/2.5BA main home, renovated 2BD/1BA guest house, and 2/3 acre of flat land ready for your dreams or subdivision (please verify with City of Alameda). Beyond a private wall, the 4003 SQFT main home welcomes you with its terraces and expansive English gardens for extraordinary indoor/outdoor living. Inside, find intricate wood flooring, beamed ceilings, double fireplace, skylights, oak wainscoting, leaded glass cabinetry, mullioned windows, French doors, multiple seating and dining rooms, powder room and chef's kitchen. Upstairs is a primary bedroom with en-suite split bath and large enclosed porch area. Two large additional bedrooms share a lovely full bath. There are impressive improvements to foundation, engineering, drainage, seismic, electrical and a new 45-year roof. The 800 SQFT guest apt sits above the original carriage house with parking, storage & workshop. Onsite, discover spacious grounds, dock to launch your kayak, multiple parking spaces, well, & a large field for a pool, urban farm, play or development. This unicorn is the best of island living on a waterfront estate; an unparalleled lifestyle and investment opportunity.