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For salePrice cut: $275K (6/20)
$8,475,000
5beds
9,473sqft

3730 Preserve Bay Blvd, Panama City Beach, FL 32408

5beds
9,473sqft
Single family residence
Built in 2007
3 Acres
4 Attached garage spaces
$895 price/sqft
$109/mo HOA

What's special

Marble fireplaceColumned balconyBreakfast barWhole-house central vacuumHand-carved italian marble fountainCushion-cut marble wallsSeparate bar area

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.

168 days
|
3,701
|
185
|
Source: CPAR,MLS#: 786845MLS LogoOriginating MLS: Central Panhandle Association of REALTORS
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked:

Listing updated:

Listed by:

Amin Delawalla 850-225-9899,

Christies International Real Estate Emerald Coast

Source: CPAR,MLS#: 786845MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 5
  • Bathrooms: 10
  • Full bathrooms: 6
  • 1/2 bathrooms: 4
Rooms
  • Room types: Bedroom, Dining Room, Full Bath, Foyer, Garage, Great Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Media Room, Office
Primary bedroom
  • Description: 33x8 covered balcony facing the Bay
  • Level: Second
  • Dimensions: 21 x 19
Bedroom
  • Description: Southernly facing
  • Level: First
  • Dimensions: 15 x 16
Bedroom
  • Description: In Guest House
  • Level: First
  • Dimensions: 18 x 23
Bedroom
  • Description: Southernly facing
  • Level: Second
  • Dimensions: 18 x 16
Primary bathroom
  • Description: His Bath with Master Bedroom
  • Level: Second
  • Dimensions: 19 x 16
Primary bathroom
  • Description: Her Bath with Master Bedroom
  • Level: Second
  • Dimensions: 19 x 16
Dining room
  • Level: First
  • Dimensions: 16 x 20
Foyer
  • Description: 26+ foot ceiling
  • Level: First
  • Dimensions: 16 x 24
Other
  • Description: 6x5 closet, 6x6 dressing area, 6x3 shower
  • Level: First
  • Dimensions: 7 x 13
Other
  • Description: In Guest House, 10x4 closet, 4x5 shower
  • Level: First
  • Dimensions: 9 x 5
Other
  • Description: Ensuite by Office
  • Level: Second
  • Dimensions: 13 x 6
Other
  • Level: Second
  • Dimensions: 17 x 9
Garage
  • Description: 16 foot ceiling
  • Level: First
  • Dimensions: 48 x 23
Great room
  • Level: First
  • Dimensions: 37 x 25
Kitchen
  • Description: Wet Bar Area 15 x 25
  • Level: First
  • Dimensions: 22 x 20
Kitchen
  • Description: In Guest House
  • Level: First
  • Dimensions: 9 x 6
Kitchen
  • Description: Covered and Air Conditioned Outdoor Kitchen
  • Level: First
  • Dimensions: 15 x 19
Living room
  • Description: In Guest House
  • Level: First
  • Dimensions: 9 x 12
Media room
  • Level: First
  • Dimensions: 18 x 17
Office
  • Description: 5th bedroom in the house
  • Level: Second
  • Dimensions: 20 x 15
Heating
  • Geothermal
Cooling
  • Central Air, Ceiling Fan(s)
Appliances
  • Included: Bar Fridge, Gas Range, Ice Maker, Wine Cooler
Features
  • 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
  • Has fireplace: Yes
Interior area
  • Total structure area: 9,473
  • Total interior livable area: 9,473 sqft
Video & virtual tour

Property

Parking
  • Total spaces: 4
  • Parking features: Additional Parking, Circular Driveway, Electric Gate, Gated, Paved
  • Attached garage spaces: 4
  • Has uncovered spaces: Yes
Accessibility
  • Accessibility features: Accessible Elevator Installed, Standby Generator, Smart Technology
Features
  • Levels: Two
  • Stories: 2
  • Patio & porch: Balcony, Covered, Patio
  • Exterior features: Barbecue, Patio, Outdoor Kitchen
  • Has private pool: Yes
  • Pool features: Gas Heat, In Ground, Private
  • Has view: Yes
  • View description: Bay, Intercoastal, Water
  • Has water view: Yes
  • Water view: Bay,Intercoastal,Water
  • Waterfront features: Bayfront, Intracoastal Access
  • Frontage length: 387
Lot
  • Size: 3 Acres
  • Dimensions: 387 x 455 x 284 x 500
  • Features: Cul-De-Sac, Sprinkler System, Paved
Details
  • Additional structures: Garage(s), Guest House, Outbuilding
  • Parcel number: 31365572000
  • Zoning description: Resid Single Family

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Spanish/Mediterranean
  • Property subtype: Single Family Residence
Condition
  • New construction: No
  • Year built: 2007

Utilities & green energy

  • Sewer: Public Sewer
  • Utilities for property: Electricity Available

Community & HOA

Community
  • Features: Waterfront, Barbecue, Gated
  • Security: Gated with Guard, Gated Community, 24 Hour Security, Security Fence, Security Guard, Security Lights, Security Gate, Security Service
  • Subdivision: Preserve On The Bay Ph I
HOA
  • Has HOA: Yes
  • Amenities included: Other, See Remarks, Gated
  • Services included: Security
  • HOA fee: $1,302 annually
Location
  • Region: Panama City Beach

Financial & listing details

  • Price per square foot: $895/sqft
  • Tax assessed value: $2,715,692
  • Annual tax amount: $46,896
  • Date on market: 3/15/2026
  • Cumulative days on market: 118 days
  • Electric utility on property: Yes

Price history

DateEventPrice
6/20/2026Price change$8,475,000-3.1%$895/sqft
Source: ECAOR #996848 Report a problem
3/4/2026Listed for sale$8,750,000$924/sqft
Source: ECAOR #996848 Report a problem
1/1/2026Listing removed$8,750,000$924/sqft
Source: ECAOR #964468 Report a problem
12/9/2024Listed for sale$8,750,000-2.7%$924/sqft
Source: ECAOR #964468 Report a problem
10/24/2024Listing removed$8,995,000$950/sqft
Source: BHHS broker feed #914378 Report a problem
3/27/2024Price change$8,995,000-7.5%$950/sqft
Source: ECAOR #914378 Report a problem
1/28/2024Price change$9,725,000-2.5%$1,027/sqft
Source: ECAOR #914378 Report a problem
1/5/2023Listed for sale$9,975,000$1,053/sqft
Source: ECAOR #914378 Report a problem
9/25/2022Listing removed--
Source: BHHS broker feed Report a problem
2/1/2022Listed for sale$9,975,000$1,053/sqft
Source: CPAR #721779 Report a problem
2/1/2022Listing removed$9,975,000$1,053/sqft
Source: ECAOR #889215 Report a problem

Public tax history

YearProperty taxesTax assessment
2024$30,854 +15.4%$2,348,950 +10%
2023$26,738 -1.1%$2,135,409 -8.5%
2022$27,029 $2,333,446
2021-- --
2020$23,913 +0.5%$2,000,104 +1.7%
2019$23,803 $1,966,659 +1.9%
2018$23,803 +0.3%$1,929,989 +2.1%
2017$23,725 +1.4%$1,890,293 +2.1%
2016$23,391 -1.8%$1,851,413 +0.7%
2015$23,818 $1,838,543 +0.8%
2014$23,818 $1,823,951 -7.2%
2013-- $1,965,983 -0.3%
2012-- $1,972,027 -4.5%
2011-- $2,065,987 +1.5%
2010-- $2,035,455 +2.7%
2009-- $1,981,943 +0.1%
2008-- $1,979,963

Find assessor info on the county website

Monthly payment

Est. payment
$52,290/mo
Principal & interest
$43212
Property taxes
$8969
HOA Fees
$109
More affordability toolsChevron Right

Estimated market value

Not available

Estimated sales range

Not available

$4,255/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: Upper Grand Lagoon

Nearby schools

Patronis Elementary School
Grades K-5 • 2.8 miles
9/10
GreatSchools® Rating
Test Score Rating
9/10
Student Progress Rating
8/10
Surfside Middle School
Grades PK-12 • 8.7 miles
7/10
GreatSchools® Rating
Test Score Rating
6/10
Student Progress Rating
7/10
J.R. Arnold High School
Grades 9-12 • 6.6 miles
4/10
GreatSchools® Rating
Test Score Rating
5/10
College Readiness Rating
6/10
Student Progress Rating
2/10

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