PRICED BELOW APPRAISED VALUE! This exceptional private waterfront estate defines elegance, boasting breathtaking unobstructed water views from every room! Situated on a rare 10-acre parcel on Topsail Island, nestled in the exclusive gated community of Ashe Island, this magnificent home offers 4244 sq ft of living space, featuring 3 bedrooms, 2 living rooms, 3 full and 2 half baths, a spacious rec room, a crow's nest, an interior elevator, and over 2000 sq ft of unfinished space on the ground level, including a walk in commercial freezer. The expert craftsmanship and gourmet kitchen with professional-grade appliances elevate this home to a new level of luxury. Enjoy outdoor living and entertaining by the pool or on the decks, soak up the sun from the hot tub, take in picturesque sunset views, & bask in the refreshing coastal breeze and sounds of the waves in the distance. The master suite boasts an enormous walk-in closet, a bathroom with a unique tub-inside-shower design, and spectacular water views. From your back deck, witness the annual migration of yachts and sailboats up and down the east coast via the Intracoastal Waterway. Ashe Island Farm is a private island community with only 30 estate-sized lots, offering serene soundfront living and all things coastal NC living has to offer, such as crabbing, fishing, surfing, kayaking, canoeing, boating, trails, and amazing wildlife. The HOA fee is a minimal $1900/year, covering road/parking/common area maintenance and keeping the private beach access ready for your sandy toes and beach chairs. The HOA also has over 163 acres of coastal wildlife and common area with trails for exploring. Don't miss the opportunity to experience this truly special community on Topsail - call a Realtor today to schedule a viewing! An appraisal was done in April 2023 and is on file, ask for details! Please note, this property is in a federal flood zone (not CBRA)!