Panama City Beach Palace for Sale

If you are ready to purchase your forever dream home on a private waterfront estate, this palatial palace at 3730 Preserve Bay Blvd in Panama City Beach will not disappoint. It evokes an imperial presence inspired by the classic Palladian villas in Italy originally designed by famed Renaissance architect Andrea Palladio. The residence took years to complete, from planning to construction, due to the owner's desire to feature meticulous architectural integrity and historical authenticity. It was reportedly built by a tycoon of railroad and broadcasting.

This magnificent home encompasses an impressive 9,473 square feet of opulent space with five bedrooms that include full ensuite luxury baths. Another full bath and three half bath powder rooms are also provided for use. As soon as you arrive at the regal front gate, you know you have arrived somewhere very special. The decorative wrought iron gates open to a paver stone drive that leads up around a fountain adorned with statuary in front of the house and over to a four-car garage carriage house. This enchanting home is named "The Villa Chimera," and the hand-carved marble fountain from Italy at the entry of the residence depicts figures from Greek mythology, including the Chimera, a three-headed fire-breathing dragon. The beautifully landscaped three acres of estate grounds span over 380 linear feet of sparkling waterfront on West Bay.

This two-story home that's flanked by single-story side wings has a stately aristocratic look with six soaring columns crowned with a wide classically-styled portico. The regal arched double glass front doors with decorative metal framing lead to a stunning foyer where you expect to be greeted by royalty or their butler.

The towering two-story-tall entry includes a massive glistening Schonbek crystal chandelier that hangs suspended above the white marble flooring that is adorned with a colorful inlay-patterned starburst compass. An open white stone balustrade staircase leads upstairs to the private master bedroom suite, which is also accessible by the house elevator.

A wide columned portal straight ahead leads into a giant living area that resembles an elegant ballroom. Gleaming white marble flooring, a towering coffered ceiling, an ornate floor-to-ceiling marble fireplace, and lavish curtain crown draped windows are breathtakingly beautiful. The walls in this majestic great room are upholstered in precious patterned silk created by the illustrious famed Bevilacqua Family of Venice. Millwork with hand-applied faux finishes authenticates woodwork from the Renaissance era, while antique replica doorknobs throughout are finely handcrafted by the Baltica Design Group. Much of this home's decorative finishing materials were imported from Italy, providing a pristine design purity. This home's meticulous craftsmanship, high-end finishes, attention to detail, and decorative antique artifacts from Europe create a gorgeous nouveau Venice Palazzo.

The captivating European country estate-styled gourmet kitchen was designed for gracious entertaining. It features custom hardwood cabinetry, a round castle-styled metal chandelier, a decorative wood truss framed ceiling, rich mosaic-like accent walls done with salmon-colored marble, and a large decoratively carved antique stone sink. It also features upscale Wolf and Sub-Zero appliances, a breakfast bar, and a handsome built-in bar area.

A butler's pantry that connects to the formal dining room has additional appliances, extra storage, drawers, and shelving. There are also wine racks provided, along with cabinetry for china and fine crystal.

The incredible dining area connects to a portal off of the foyer with a built-in thick caramel-colored marble-topped rectangular table on a decorative statutory base.

A spacious media room on this level features state of the arts visual equipment with a custom-sized screen, rich hardwood paneled walls, a palatial antique hand-carved marble fireplace, and subtle theatre lighting.

The stunning master bedroom suite spans across the entire upper level of this manor home with access to a private columned balcony overlooking the bay. The massive bedroom has windows and a center glass door framing the stellar bayfront scenery and providing balcony access. An intricately carved white marble fireplace in the bedroom's sitting area includes two large cherub angels holding the mantle above them. These special quarters are well suited for an aristocratic lifestyle with separate bathrooms, gigantic walk-in closets, and individual dens for each one of the couple. The entire suite features gorgeous panoramic views of the bay, which are quite magical at night. The soaring ceiling is centered upon a painting on a vaulted inverted pyramid that peaks high above the center of the bedroom, completed by local artist Jody Matokovich. Her distinctive styles are influenced by frescos of the Renaissance.

Each one of the bathrooms includes heated floors and wide glass-walled showers with double spray jets. One shower is also centered on a stunning free-standing deep soaking tub.

This stupendous suite also includes an exercise room with a sauna, a wet bar, a vault, and a secured safe room with a ventilation system. These pampered spaces feature opulent appointments like rose-colored granite-topped dressing counters, raised bowl vanity sinks, crystal chandeliers, giant closets with massive organizers, large dens with library shelving, and desks. Two spacious guest bedrooms with superb appointments and luxurious private ensuite baths are located within the main manor home, and two more are in the carriage house.

The sensational outdoor scenery includes a glorious panorama of the beautiful bay across the lawn. The bayfront side of this home features three sets of columned verandas with two off the side wings and a double-tiered one on the primary manor. A paver stone walkway meanders across the lovely grounds to a fire pit patio, the serene bay, and a wonderful infinity swimming pool that is connected to a cascading hot tub. One of the large columned verandas near the pool has an outdoor kitchen with rich golden hardwood cabinetry, a large stainless steel gas grill, a wet bar, and a mini-refrigerator. A lavish marble adorned restroom is also conveniently nearby in the side garden.

This magnificent, majestic manor home on a gorgeous three-acre bayfront estate is listed at $9,975,000. If you are interested in taking a private tour, contact our Ocean Reef Real Estate office today at 877-392-6085. We will provide you with complete details, including a professional comparative market analysis that shows all active waterfront listings, pending contracts, and properties that have sold here within the past twelve months. We are honored to be of help and look forward to serving you!