This is a rare opportunity to own a half acre property on an island in Phillippi Creek with 458 feet of water frontage. The 1950s mid century home built and occupied by Roland King, the developer of Southgate, is spacious (2,701 sq. ft) yet comfortable while affording opportunities for changes to suit the buyers tastes. Entering the property via a long shell driveway bordered by a huge live oak and other mature plantings, reveals a private, peaceful setting. The single story ranch home has appeal with its broad overhanging roof, river rock siding, and attached garage that faces at an angle to the front of the house. The front door opens to the main living room with fireplace set in a wall of the same river rock and a bank of windows. The windows overlook the outside patio, kidney shaped pool, creek, and rear yard. The living room flows into an open dining area and kitchen with stainless appliances, solid wood cabinets, granite counter top, and island. To the right of this main room is a hallway leading to the primary bedroom (with sliding glass doors to the rear patio), an unfinished multi purpose room, and full updated bathroom. Both rooms have walk in closets. To the left of the main living area are two multi purpose rooms, with closets, full updated bath, and a hallway with laundry/utility area that connects to a separate guest or stand alone living area. This area includes space for a kitchenette (now with refrigerator and sink), living room (with sliding glass doors to the side yard), bedroom, full bathroom, and entrance/exit door to the garage. General features of the house include high ceilings, terrazzo flooring, ambient lighting, and two car garage (with a safe room). A new sewer line was added in 2019, and the roof was replaced in 2020. The property was flooded by Storm Debby in 2024. Some sections of interior wall and several doors were damaged. The thin paneling in one room was damaged and removed. One large window glass was cracked. All of the interior appliances work except for the clothes washer (the replacement parts are on site). The exterior pool pump is new, and the pool plumbing is operational; the filter and heat pump may need to be repaired or replaced. The pool is under renovation. The well and irrigation system are fully operational. Sarasota County has approved a major dredging project for Phillippi Creek to be completed in 2026 that will help protect this property from adverse weather conditions in the future, enhance boating and kayaking, and restore the creek area habitat for a wide variety of birds, fish, butterflies, and small animals. In summary, this property provides a unique opportunity to enjoy the natural beauty of Florida in a comfortable home setting.