3730 Preserve Bay Boulevard, Panama City, FL 32408

$8,750,000
Property Type: Residential Bedrooms: 5 Baths: 10 Square Footage: 9,473 Lot Size (sq. ft.): 130,680 Status: Active
Current Price: $8,750,000 List Date: 3/15/2026 Last Modified: 3/15/2026

Overview

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 Wes

Listing Details MLS# 786845

Contract Info

List Price/SqFt
923.68

Location

Area
03 – Bay County – Beach
Street #
3730
Street Name
Preserve Bay
Street Suffix
Boulevard
State
FL
Zip Code
32408
County
Bay
Sub Area
0319 – Beach – East
Subdivision
Preserve On The Bay Ph I
Community/Resort
Preserve on the Bay
Waterfront
Yes
Gulf Access
No
Parcel ID
31365-572-000
Elementary School
Patronis
Middle School
Surfside
High School
Arnold
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.
Legal Description
PRESERVE ON THE BAY PHASE I LOTS 72, 73 & 74 LESS BEG NE COR OF LOT 75 TH N82W 2.83', N22E 1.914', S44E 2.981' TO POB ORB 4399 P 732

General Property Info

Sub-Type
Detached Single Family
Design
Tuscan
Apx SqFt(Htd/Cooled)
9473
SqFt Source
Prop App Site
Full Baths
6
Half Baths
4
Total Baths
10
# of Stories in Building
2
Year Built
2007
Immediate Occupancy
Yes
Pre-Const Flip
No
Construction Status
Construction Complete
New Construction
No
Garage Y/N
Yes
Garage Spaces
4
Driveway Spaces
20
Lot Dimensions
387 x 455 x 284 x 500
Acreage
3
Lot Size (SqFt)
130680
Beach Frontage
387
Pool
Yes
Pool Type
Private

Waterfront Feature

Waterfront Feet
387

Listing Info, Tax and Legal

Homestead
No
HOA Fee
Yes
HOA Amount
1302
HOA Frequency
Annually
HOA Annual Amount
1302
Senior Community
No
Is Subject Leased
No
New Buyer Fee
Yes
New Buyer Fee Amt
1302.96
New Buyer Fee Paid
$
Last Taxes
46896
Last Tax Year
2025
Brokerage Interest
No Interest
As Is
No

Remarks & Misc

Remarks
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.

More Information

Dining Room

First
Yes

Foyer

First
Yes

Garage

First
Yes

Great Room

First
Yes

Master Bathroom

Second
Yes

Media Room

First
Yes

Office

Second
Yes

Pool Features

Heated – Gas
Yes
Inground
Yes
Spa/ Hot Tub
Yes

Appliances

Bar Fridge
Yes
Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Freezer
Yes
Ice Maker
Yes
Microwave
Yes
Oven – Double
Yes
Range – Gas
Yes
Range Hood
Yes
Refrigerator
Yes
Washer
Yes
Wine Cooler
Yes
Wine Refrigerator
Yes

Interior Features

Breakfast Bar
Yes
Ceiling – Beamed
Yes
Ceiling – Coffered
Yes
Ceiling – Raised
Yes
Ceiling – Vaulted
Yes
Elevator
Yes
Fireplace
Yes
Floor – Marble
Yes
Guest Quarters
Yes
Kitchen Island
Yes
Lighting – Recessed
Yes
Media Room
Yes
Pantry
Yes
Sauna/Steam
Yes
Wet Bar
Yes

Exterior

Balcony
Yes
Built-in Barbecue/Grill
Yes
Columns
Yes
Summer Kitchen
Yes
Patio Covered
Yes
Patio Open
Yes
Sprinkler System
Yes

Other Structures

Garage(s)
Yes
Guest House
Yes
Outbuilding
Yes

Association Fees Include

Gated Community
Yes
Security
Yes

Furnished

Partially
Yes

Kitchen

First
Yes

Living Room

First
Yes

Lot Features

Cul-De-Sac
Yes
Waterfront
Yes
Within 1/2 Mile to Water
Yes

Lot Access

Gated Access
Yes
Paved Road
Yes
Private Road
Yes

Parking Features

Additional Parking
Yes
Driveway
Yes
Circular Driveway
Yes
Electric Gate
Yes
Garage Attached
Yes
Gated
Yes
Oversized
Yes
Paved
Yes

Mstr Bath / Mstr Bdrm

MBath Double Vanity
Yes
MBath Garden Tub
Yes
MBath Sauna/Steam
Yes
MBath Separate Shwr
Yes
MBed Balcony
Yes
MBed Fireplace
Yes
MBed Sitting Area
Yes
MBed Walk-in Closet
Yes
MBed Waterfront
Yes

Present Zoning

Resid Single Family
Yes

Association Amenities

Gated Community
Yes
Security-24 hour
Yes
Waterfront
Yes
Other – See Remarks
Yes

Rooms

Bedroom
Yes
Dining Room
Yes
Foyer
Yes
Full Bathroom
Yes
Garage
Yes
Great Room
Yes
Kitchen
Yes
Living Room
Yes
Master Bathroom
Yes
Master Bedroom
Yes
Media Room
Yes
Office
Yes

Utilities

Electricity – Connected
Yes
Natural Gas – Connected
Yes
Public Sewer – Connected
Yes

Waterview

Bay
Yes
Intercoastal Waterwy
Yes

Accessibility Features

Accessible Elevator Installed
Yes
Smart Technology
Yes
Standby Generator
Yes

Full Bathroom

First
Yes
Second
Yes

Waterfront Type

Bay/Harbor
Yes
Intracoastal Waterway
Yes

Master Bedroom

Second
Yes

Bedroom

First
Yes
Second
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes

Heating

Geothermal
Yes

Security Features

24 Hour Security
Yes
Gated Community
Yes
Gated with Guard
Yes
Security Fence
Yes
Security Gate
Yes
Security Guard
Yes
Security Lights
Yes

Property Features

Accessibility Features: Accessible Elevator Installed; Smart Technology; Standby Generator Appliances: Bar Fridge; Dishwasher; Disposal; Dryer; Freezer; Ice Maker; Microwave; Oven – Double; Range – Gas; Range Hood; Refrigerator; Washer; Wine Cooler; Wine Refrigerator Full Bathroom: First; Second Master Bedroom: Second Bedroom: First; Second Cooling: Ceiling Fan(s); Central Air; Electric Heating: Geothermal Exterior: Balcony; Built-in Barbecue/Grill; Columns; Summer Kitchen; Patio Covered; Patio Open; Sprinkler System Association Fees Include: Gated Community; Security Furnished: Partially Kitchen: First Living Room: First Lot Features: Cul-De-Sac; Waterfront; Within 1/2 Mile to Water Lot Access: Gated Access; Paved Road; Private Road Master Bathroom: Second Dining Room: First Foyer: First Great Room: First Garage: First Media Room: First Office: Second Pool Features: Heated – Gas; Inground; Spa/ Hot Tub Security Features: 24 Hour Security; Gated Community; Gated with Guard; Security Fence; Security Gate; Security Guard; Security Lights Parking Features: Additional Parking; Driveway; Circular Driveway; Electric Gate; Garage Attached; Gated; Oversized; Paved Other Structures: Garage(s); Guest House; Outbuilding Association Amenities: Gated Community; Security-24 hour; Waterfront; Other – See Remarks Rooms: Bedroom; Dining Room; Foyer; Full Bathroom; Garage; Great Room; Kitchen; Living Room; Master Bathroom; Master Bedroom; Media Room; Office Utilities: Electricity – Connected; Natural Gas – Connected; Public Sewer – Connected Waterfront Type: Bay/Harbor; Intracoastal Waterway Waterview: Bay; Intercoastal Waterwy Present Zoning: Resid Single Family

Room Information

Room Name Level Dimensions Length Width Remarks
Kitchen First 22 x 20 22.00 20.00 Wet Bar Area 15 x 25
Dining Room First 16 x 20 16.00 20.00
Foyer First 16 x 24 16.00 24.00 26+ foot ceiling
Great Room First 37 x 25 37.00 25.00
Media Room First 18 x 17 18.00 17.00
Bedroom First 15 x 16 15.00 16.00 Southernly facing
Full Bathroom First 7 x 13 7.00 13.00 6×5 closet, 6×6 dressing area, 6×3 shower
Living Room First 9 x 12 9.00 12.00 In Guest House
Full Bathroom First 9 x 5 9.00 5.00 In Guest House, 10×4 closet, 4×5 shower
Bedroom First 18 x 23 18.00 23.00 In Guest House
Kitchen First 9 x 6 9.00 6.00 In Guest House
Garage First 48 x 23 48.00 23.00 16 foot ceiling
Kitchen First 15 x 19 15.00 19.00 Covered and Air Conditioned Outdoor Kitchen
Office Second 20 x 15 20.00 15.00 5th bedroom in the house
Full Bathroom Second 13 x 6 13.00 6.00 Ensuite by Office
Bedroom Second 18 x 16 18.00 16.00 Southernly facing
Full Bathroom Second 17 x 9 17.00 9.00
Master Bathroom Second 19 x 16 19.00 16.00 His Bath with Master Bedroom
Master Bedroom Second 21 x 19 21.00 19.00 33×8 covered balcony facing the Bay
Master Bathroom Second 19 x 16 19.00 16.00 Her Bath with Master Bedroom
Listing Office: Christies International Real Estate Emerald Coast
Last Updated: March – 15 – 2026
Information deemed reliable but not guaranteed.