Welcome to 55 Lakeshore Dr., your DREAM PROPERTY!! This is a rare opportunity to own an extraordinary waterfront estate in the prestigious Lake Lorraine Gardens—a home with incredible potential for those ready to bring it back to life. Perfectly positioned on 140 feet of pristine waterfront, this high and dry home offers breathtaking panoramic water views from every bedroom—a truly unique feature. From the expansive living areas you can see beautiful Lake Lorraine that feeds into the Choctawhatchee Bay. This spacious home boasts private waterfront access, serene surroundings, and unlimited potential. This estate is perfect for those seeking a peaceful retreat or an entertainer's paradise. You will immediately be impressed by the large, open spaces in this prestigious home, along with the almost impossible to find HUGE waterfront lot! With 3 large bedrooms including a huge Master bedroom, a full sized Formal Dining Room, an Office, a Family Gathering Room, an amazing Great Room, a screened in "Florida" room, you won't run out of space to enjoy! Nestled in one of the area's most sought-after neighborhoods, this property is a diamond in the rough, ready for the right owner to restore its full potential. You won't want to miss out on this once-in-a-lifetime opportunity!