$8,475,000

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… Read More 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. Read Less

Courtesy of Watersound Real Estate 850-231-6531

Listing Snapshot

Days Online

120

Last Updated

Oct 16, 2026

Property Type

SingleFamilyResidence

Beds

Full Baths

Partial Baths

Lot Size

3 Acres

Year Built

2007

MLS Number

786845

Additional Details

Property Access

Frontage Type: PrivateRoad

Appliances & Equipment

BarFridge, GasRange, IceMaker, WineCooler

Building

Built in 2007, 2 stories, Levels: Two

Community

Waterfront, Barbecue, Gated

Cooling

CentralAir, CeilingFans

Accessibility Features

AccessibleElevatorInstalled, StandbyGenerator, SmartTechnology

Exterior Features

Patio/Porch Features: Balcony, Covered, Patio, Barbecue, Patio, OutdoorKitchen

Garage

4 spaces

Heating

Geothermal

Home Owner's Association

Association Fee: $1,302, Fee Frequency: Annually, Fee Includes: Security, Amenities: SeeRemarks, Gated

Interior Features

Balcony, CofferedCeilings, DoubleVanity, Fireplace, BathInPrimaryBedroom, SittingAreaInPrimary, SoakingTub, Sauna, SeparateShower, UpperLevelPrimary, WalkInClosets, EntranceFoyer

Lot

3 acres, Dimensions: 387 x 455 x 284 x 500, CulDeSac, SprinklerSystem, Paved

Parking

AdditionalParking, CircularDriveway, ElectricGate, Gated, Paved

Pool

GasHeat, InGround, Private

Property

Other structures: Garages, GuestHouse, Outbuilding, Bay, Intercoastal, Water

Security Features

GatedWithGuard, GatedCommunity, TwentyFourHourSecurity, SecurityFence, SecurityGuard, SecurityLights, SecurityGate, SecurityService

Sewer

PublicSewer

Taxes

Parcel Number: 31365-572-000, Annual Amount: $46,896, 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, Year: 2025, Zoning description: Resid Single Family

Utilities

ElectricityAvailable

Water Features

Bayfront, IntracoastalAccess

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3730 Preserve Bay Boulevard

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