Price improvement! The price of this exceptional home has been thoughtfully adjusted to align with the latest market conditions. This is an opportunity to own one of Gulfport's most spectacular properties, located outside the flood zone on 3.5 lots, and with a turn-key, income producing casita, offering an incredibly attractive value to the future owner. Welcome to Sea Grape Cottage, a stunning ONE-OF-A-KIND property nestled in the heart of the vibrant and eclectic Historic Gulfport Art District. Spanning an impressive 3,686 sqft (342.4 m) on one of the largest combined lots in Gulfport (NOT in a flood zone), this grand home blends vintage architectural details with modern updates and offers an incomparable “must see” price/sqft value. The first floor features a Great Room showcasing a magnificent wood-burning fireplace and perfect for entertaining, along with the spacious primary suite, an additional bedroom with walk-in closet, and a large office / bedroom. There is also an enclosed Florida room, perfect for relaxation. Upstairs you'll find another bedroom suite with generous closet space and a writing nook. The home boasts high ceilings, extensive areas for displaying art, and bamboo floors throughout the main living areas, adding warmth and elegance to the space. The fully renovated kitchen (with breakfast nook and pantry) delights with new cabinets, quartz countertops, recessed and pendant lighting, and top-of-the-line appliances. The large dining room, lovingly known as the “Boat Room", features a unique wooden ceiling, nautical design and a separate boat bench sitting area. Off the kitchen is a large private courtyard patio for al fresco dining. Attached to the home, with its own private entrance, is a FULLY FURNISHED charming one bedroom Casita, or mother-in-law suite, providing a perfect retreat for guests or potential turn-key rental income. There is also an attached oversized one-car garage with a sink and space for a work bench and storage. Recent updates include a new roof with wind mitigation features and new gutters, a new Trane 5-ton HVAC system, and several new appliances. The exterior has been thoughtfully updated, with a large main driveway providing ample parking, restored block wall along street perimeter, refreshed vintage paver walkways, a separate driveway for Casita access / RV parking, and gardens featuring fruit trees and ornamental plants. The property also includes an outdoor covered seating area, a well, and storage shed. Encompassing 3.5 lots, this property offers plenty of space for additional development, including a FULLY CLEARED LOT that is ready for your expansion ideas, such as a future pool or guest/rental house. The home is walking distance to Gulfport's lively art scene, acclaimed restaurants, shops, marina, and a variety of recreational options, including beaches, pickleball/tennis courts, parks, and more. With its exceptional charm, unique history, and proximity to the best of Gulfport, St Petersburg, Tampa and airports, Sea Grape Cottage is a truly unmatched property.