3730 Preserve Bay Boulevard

Panama City, FL 32408

Priced to Sell, Just Reduced $980k! Perched on 3 large lots with 380 feet of water-frontage on the West Bay waters of the Northwest Florida Gulf Coast, this home is inspired by the classic Palladian Villas of the Veneto in Italy, this residence has an architectural integrity and authenticity rarely found in builds today. Architected by Philip Spann of Seagrove Beach and built by Cliff Myers, the home features cushion-cut marble walls, solid stone stairs with balusters crafted of marble, a custom cut marble compass rose inlay in the foyer, and a grand Schonbek Chandelier draped with crystals. The dining room reveals graduated Venetian plasterwork and a custom stone table crafted in Rome outside of the Vatican walls as a striking centerpiece. Every finish and selection throughout this property was carefully sourced and constructed: for example, the walls in the great room are upholstered in silk made in Venice by the Bevilacqua Family, famous internationally for their intricate fabrics. The millwork has a hand applied strié to replicate the authentic woodwork of the time. The doorknobs throughout the home are all handcrafted by Baltica with each knob related to all the others in motif. When a material could be sourced from Italy or abroad, it was, giving this home an unparalleled purity of design.
This unique and deliberate customization continues throughout all the rooms of the residence with marble and limestone accents in the great room overlooking the bay. At the heart of the room, find a stunning marble fireplace and note the millwork crafted from individual blocks, perfectly aligned by artisan woodworkers. A media room adjacent to the living room serves as a cozy space to unwind with wood paneled walls and a custom movie theatre size screen with theatre-style lights.
This home has welcomed many guests through its doors for festivities of all types over the years, and the ease of entertaining is evident in the gourmet kitchen with Wolf and Sub-Zero appliances, a breakfast bar, and a separate bar area. A butler's pantry with additional appliances, storage and more provides convenience for preparing all the necessities of large-scale soirees.
As likely anticipated, the second level master suite is suitable for royalty with separate his and hers bathrooms, closets, and offices. The sleeping quarters include gorgeous bay views along with a private columned balcony. Artist Jody Matokovich hand painted the Groin Vault on the ceiling of the bedroom with a style influenced by the frescos of the Renaissance. Each master bathroom offers heated floors and double showers with jets while one is centered around a stunning free-standing bathtub. In addition, the suite includes an exercise room with sauna and a vault plus safe room with ventilation.
Not to be overshadowed by the interiors, the outdoor spaces of the Villa Chimera are equally enchanting. A towering iron gate secures the property which features over 3 beautifully landscaped acres and 380 feet of waterfront on West Bay. A marble fountain at the entry of the residence carved and transported from Italy depicts figures from Greek mythology including the Chimera, a fire-breathing, three headed monster. Highlights of the rear yard entertaining spaces are a heated infinity pool with spa overlooking the bay, an outdoor air-conditioned kitchen, a firepit, and a shallow dock to the bay.
In addition to the spaces referenced, the property includes two guest suites in the main home, a detached carriage home and a four-car garage each connected to the main home by breezeways, and a generator room with gas generator. A fully integrated smart house, a Creston whole house lights and media system controls everything with tablets while monitored security cameras are installed on the exterior.

Listing courtesy of Amin Delawalla of Christies International Real Estate Emerald Coast



Listing information is provided by Participants of the Central Panhandle Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Central Panhandle Association of REALTORS MLS.
Last checked: 2025-11-18 01:22 AM UTC