This exceptional downtown home, spanning over 5,000 square feet, is a rare find and a true gem. Fully updated and modernized, it features a complete, finished basement and is ideally located in the highly desired Lake Highland Prep neighborhood, one of Central Florida's top-ranked areas. Just a short 5-minute drive from downtown Orlando, this residence offers the perfect blend of timeless elegance and modern contemporary comfort. Situated in the vibrant cultural arts district, it’s surrounded by an array of restaurants and amenities. From the moment you step inside, you'll notice the impeccable craftsmanship and attention to detail throughout. The main living areas are adorned with beautiful hardwood floors, creating a warm, inviting atmosphere. The open-concept floor plan effortlessly connects the living spaces, perfect for both family living and entertaining. At the heart of the home is the chef-inspired kitchen, complete with 42-inch cabinetry, sparkling quartz countertops, a gas range, and double ovens. A wrap-around eat-in bar and cozy dining area overlook the family room, ensuring the chef is always part of the action. This home offers two expansive primary suites, each providing a peaceful retreat. The upstairs suite is a luxurious haven with two large walk-in closets featuring custom organizers and a dedicated dressing/vanity area. The downstairs suite also includes an en-suite bath with a walk-in shower and organized closets for added convenience. The main level welcomes you with a charming entrance and a stunning fireplace, perfect for cozy evenings. Natural gas powers the range, two fireplaces (in the living room and primary bedroom), and a tankless water heater. The home also boasts a screened-in porch for outdoor entertaining and grilling. Access to the upper floor is enhanced by a breathtaking stained-glass window that adds character and charm. The upper floor features three spacious bedrooms, each with its own full bath and walk-in closet. One of the bedrooms includes a private balcony overlooking Kenilworth Terrace, providing a serene spot to unwind. One of the home’s most distinctive features is the expansive 1,500-square-foot basement in-law suite, ideal for multi-generational living, rental income, or an Airbnb. This suite includes a large primary bedroom, living room/man cave, kitchen with a bar top, and a full bathroom. With both interior and exterior access, this versatile space offers endless possibilities. The basement also has a sizable storage room, which could be transformed into a wine cellar for enthusiasts. Situated between downtown Orlando and Winter Park, this home offers an unbeatable location and unique features. Buyers should verify all measurements. One or more photo(s) has been virtually staged.