Under contract-accepting backup offers. Huge Price Reduction – Now Offered at $4,525,000 (Previously $5,100,000) Welcome to 206 Canova Drive, a Tuscan-Inspired Waterfront Estate unlike anything else in New Smyrna Beach. Set on 100’ of direct Intracoastal Waterway with deep water access, a 55’ floating dock accommodating vessels up to 80’, and a boat lift, this home is the ultimate blend of luxury, privacy, and lifestyle. Dock permitting on the island can be difficult. The dock cannot impede the ICW, so checking on this prior to purchasing property is a must! This is one of the most compelling waterfront opportunities in New Smyrna Beach. Just one mile away, a vacant lot with 100' of direct Intracoastal Waterway on the North Causeway Peninsula recently sold for $4,000,000 with no home, no pool, no dock, and no easy walk to Flagler Ave. At 206 Canova Drive, you not only secure 100' of prime frontage, but also a 55’ floating dock with lift (permits for new floating docks of this size are no longer obtainable), an in-ground pool, and over 4,000 square feet of existing living space. While many buyers may choose to create their own custom estate here, this property allows you to enjoy the waterfront lifestyle immediately while planning your future. Privately tucked away on Canova Drive, widely regarded as the best street in the best location, one block walking distance from Flagler Avenue with access to both bridges for effortless on and off the island, this property offers both legacy and lifestyle. The street itself is steeped in history, private and coveted, known only to locals for its rare charm. The residence is an entertainer’s dream and boater’s paradise, with five bedrooms, four baths, a detached guest house with full kitchen, and multiple indoor-outdoor living spaces. Host over 150 guests with ease across the resort-style pool and spa, PebbleTec finish, tanning ledge, fire pit, gourmet outdoor kitchen, and screened patios with roll-down screens. Inside, soaring ceilings and panoramic river views anchor the chef’s kitchen with gas range, granite counters, and premium appliances. The spacious primary suite offers a redone spa-style bath and private balcony overlooking the ICW, framed by fire lamps. Additional features include a private office with wine storage, a bonus room with sauna, and a home gym. Located within walking distance of Flagler Avenue’s dining, shopping, and nightlife, yet nestled in complete privacy, 206 Canova Drive is more than a home. It is a generational property: a rare combination of location, water frontage, and amenities that cannot be replicated. LOCATION, LOCATION, LOCATION! WHEN LOCAL KNOWLEDGE IS REQUIRED, INSIST ON A LOCAL BROKER OF NSB.