Water Views
Address
3730 Preserve Bay Boulevard, Panama City, FL
Price
$ 8,475,000
Property Attributes
- MLS#786845
- TypeSingle Family
- Listing Status Active
- CountyBay
- CityPanama City
- Area03 - Bay County - Beach
- NeighborhoodPreserve On The Bay Ph I
- Zip32408
- Style
- Year Built2007
- Taxes$ 46896
- Price$ 8,475,000
- Bedrooms5
- Full Bathrooms6
- Half Bathrooms4
- Sqr Footage9473
- Lot Size3 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Perched on 380 feet of pristine West Bay waterfront along the Northwest Florida Gulf Coast, Villa Chimera is the most extraordinary luxury estate in Panama City Beach. Spanning 9,473 sq. ft. across three expansive lots, this 5BR/6BA/4HB masterpiece was authentically modeled after an Italian Venetian Palazzo -- designed by architect Philip Spann from hand-sketched owner drawings inspired by Renaissance master Andrea Palladio. Every finish was sourced from Italy or crafted by world-renowned artisans: a hand-carved Italian marble fountain, cushion-cut marble walls, Venetian silk upholstery, a Rome-crafted stone dining table, and a Renaissance fresco ceiling hand-painted by artist Jody Matokovich. This is not simply a Gulf Coast luxury home -- it is a one-of-a-kind legacy estate. The soaring foyer commands immediate attention with its grand Schonbek crystal chandelier, custom compass rose marble floor inlay, and solid stone staircase with marble balusters. The great room overlooking West Bay features a marble fireplace, limestone accents, and walls upholstered in Bevilacqua silk -- made in Venice and renowned worldwide. A media room with a theater-size projection screen and theatrical lighting flows seamlessly from the living space. The gourmet kitchen features Wolf and Sub-Zero appliances, a breakfast bar, separate bar area, and a fully equipped butler's pantry for effortless large-scale entertaining. All cabinetry was custom-designed by Design Galleria of Atlanta. The dining room centers around a custom stone table crafted in Rome outside the Vatican walls, beneath Venetian watermark plasterwork evoking centuries of Palazzo history. The second-level master suite is a private sanctuary with bay views, a columned balcony, and a hand-painted Renaissance fresco vault ceiling. Separate his-and-hers bathrooms each feature heated floors and double showers with body jets. A detached guest house -- connected by covered walkway -- includes a full kitchen, sitting area, private veranda, and full bath. Smart home living is delivered via a full Crestron system controlling all lighting, media, and security. Additional highlights: Kohler 100KW whole-house generator, all-copper plumbing, 4-car garage with wheelchair lift, whole-house central vacuum, monitored security cameras, LED lighting throughout, and all windows and exterior doors replaced post-Hurricane Michael. A rare and irreplaceable Florida Gulf Coast waterfront estate -- schedule your private showing today.
| Elementary School | Middle School | High School |
|---|---|---|
| Patronis Elementary School | Surfside Middle School | Arnold High School |
| Price History | |
|---|---|
| 3/15/2026 | Listed $8,750,000 |
| 6/20/2026 | 3$8,475,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Electricity Available |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Waterfront,Barbecue,Gated |
| County | Bay |
| Property Type | Residential |
| HOA | true |
| Subdivision Name | Preserve On The Bay Ph I |
| Status | Active |
| Directions | From Thomas Drive, Head East on Magnolia Beach Rd. Veer right onto Delwood Beach Rd, Turn left into The Preserve. Follow Preserve Blvd and bear right onto Preserve Bay Blvd. Take the first left. 3730 Preserve Bay Blvd. |
| High School | Arnold |
| City | Panama City |
| Zoning Description | Resid Single Family |
| MLS Area | 03 - Bay County - Beach |
| Lot Size Units | Acres |
| Lot Size Square Feet | 130680 |
| Elementary School | Patronis |
| Land Lease Y/N | false |
| Tax Annual Amount | 46896 |
| Middle/Junior High School | Surfside |
| MLS Area Minor | 0319 - Beach - East |
| Standard Status | Active |
| Property Sub Type Additional | Single Family Residence |
| Association Amenities | Other,See Remarks,Gated |
| Other Structures | Garage(s),Guest House,Outbuilding |
| Occupancy Type | Occupied |
| Waterfront Features | Bayfront,Intracoastal Access |
| Year Built | 2007 |
| Heating | Geothermal |
| Cooling | Central Air,Ceiling Fan(s) |
| Appliances | Bar Fridge,Gas Range,Ice Maker,Wine Cooler |
| Patio/Porch Features | Balcony,Covered,Patio |
| View | Bay,Intercoastal,Water |
| Attached Garage | true |
| Garage Y/N | true |
| Total Rooms | 20 |
| Full Baths | 6 |
| Virtual Tour | https://vimeo.com/1170177337?share=copy |
| Garage Spaces | 4 |
| Architectural Style | Spanish/Mediterranean |
| Stories Count | 2 |
| Levels | Two |
| Pool Features | Gas Heat,In Ground,Private |
| Security Features | Gated with Guard,Gated Community,24 Hour Security,Security Fence,Security Guard,Security Lights,Security Gate,Security Service |
| New Construction | false |
| Senior Community Y/N | false |
| Accessibility | Accessible Elevator Installed,Standby Generator,Smart Technology |
Interior Features
| Total Baths | 10 |
|---|---|
| Interior Amenities | Balcony,Coffered Ceiling(s),Double Vanity,Fireplace,Bath in Primary Bedroom,Sitting Area in Primary,Soaking Tub,Sauna,Separate Shower,Upper Level Primary,Walk-In Closet(s),Entrance Foyer |
| Furnished Units | Partially |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 5 |
| LivingAreaSource | Appraiser |
| Half Baths | 4 |
| Total Stories | 2 |
Exterior Features
| Lot Features | Cul-De-Sac,Sprinkler System,Paved |
|---|---|
| Lot Size Area | 3 |
| Lot Dimensions | 387 x 455 x 284 x 500 |
| Lot Size Acres | 3 |
| Road Frontage Type | Private Road |
| Parking Features | Additional Parking,Circular Driveway,Electric Gate,Gated,Paved |
| Building Area Total | 9473 |
| Waterfront Y/N | true |
| Exterior Amenities | Barbecue,Patio,Outdoor Kitchen |
| Private Pool | true |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32408
Price
Taxes
Year Built
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
Information deemed reliable but not guaranteed. The information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
