One or more photo(s) has been virtually staged. Major Price Reduction! This one-of-a-kind property located in the heart of downtown Sarasota features not one, but two unique homes designed in the style of a boathouse and a lighthouse, respectively. This is truly a rare opportunity to own a magical piece of history. The Historically designated Boathouse and Lighthouse were built in 1933 for Arthur Rowe, yacht captain to influential Sarasota businessmen, John Ringling and William Selby. The homes were built by Oliver Blackburn, a well-known boat builder of the era. Rowe ran away from home as a teenager to become a sailor, and was eventually hired by Ringling in 1910 to captain his luxury boat, Arvida. He captained for Ringling until 1921 and later for Selby before retiring to his dream home -- a livable boat built on land -- !!! Today, Rowe's Boathouse and accompanying three-story Lighthouse residence serves as a reminder of a bygone era in the heart of the historic neighborhood.The 2 bedroom/2 bathroom Boathouse is a spacious and airy two-story residence with tons of charm and an open floor plan. The main living area features large windows that let in plenty of natural light and offer views of the lush tropical landscaping outside. The kitchen features stainless steel appliances, ample counter space, and a large peninsula perfect for entertaining. Head up the fitting spiral staircase to the master suite with ensuite bathroom and a private balcony overlooking the lush property.The one bedroom/one bathroom Lighthouse is just as impressive, with its iconic conical shape and panoramic views the property. This unique residence boasts three levels of living space. The first floor includes a cozy living room, and kitchen. The second floor is comprised of the master bedroom and en-suite bathroom. The top floor of the lighthouse features a quaint observation room with 360-degree views of the surrounding area that can be used as an office, workspace or creative studio.This property's location in the heart of downtown Sarasota means that it is just minutes away from some of the best restaurants, shopping, and entertainment in the area, as well as some of the city's most popular cultural attractions.The proximity to Sarasota bay and Gillespie Park also makes it a prime location for those who love the outdoors, offering easy access to some of Sarasota's most beautiful natural areas, including the ongoing reimagination of the 53 acre Bay project which will be a world class public space. If you're looking for a truly unique property in the heart of Sarasota, look no further this property is sure to exceed your every expectation.Whether you are looking to purchase your own piece of paradise, a steady income stream (estimates of $80k-$90k annually as two operating vacation rentals) or a combination of the two, this property checks all the boxes!