Welcome to a boater's paradise in the charming Bay Colony community! This newly updated WATERFRONT home offers a blend of modern elegance and timeless charm. Built in 1965, this two-bedroom, two-bath gem spans 1,519 square feet and sits directly on a DEEPWATER canal, providing direct access to the Gulf of Mexico right outside your door. There are NO HOA fees or rental restrictions! What a great investment opportunity and/or excellent rental income. This gorgeous home features a 7,500-pound DOUBLE BOAT LIFT, ideal for two boats or a pontoon, and a 22-foot boat dock to suit your needs. The expansive back patio overlooks the canal, offering a peaceful setting for morning coffee or evening cocktails. There is 220-volt plug ready for a hot tub. Inside, the home has been tastefully completely updated in the last six months, with NEW white cabinets and white quartz countertops, complemented by new top-quality stainless steel appliances. The classic terrazzo floors maintain the home's original character, while upgraded baths, add a touch of luxury. Recent major updates include a NEW roof and air conditioner, a new water heater and a new irrigation pump. Large storage room, with canal view, has endless opportunities for office space, storage, whatever your needs are. Hurricane shutters are included. Conveniently just off U.S. 275 and Interstate 75 near the Skyway Bridge, you'll have easy access to St. Petersburg and Tampa. Don't miss this rare opportunity to live the coastal lifestyle and schedule your private showing today.