3730 Preserve Bay Blvd Panama City, FL 32408
Upper Grand Lagoon NeighborhoodEstimated payment $49,299/month
Highlights
- Property Fronts a Bay or Harbor
- Heated In Ground Pool
- 3 Acre Lot
- J.R. Arnold High School Rated A-
- Gated Community
- Maid or Guest Quarters
About This Home
Priced to Sell. 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 strie 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 Agent
Delawalla Group
Christies International Real Estate Emerald Coast Listed on: 12/09/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $30,854
Year Built
- Built in 2007
Lot Details
- 3 Acre Lot
- Lot Dimensions are 387 x 455 x 284 x 500
- Property Fronts a Bay or Harbor
- Property fronts a private road
- Cul-De-Sac
- Back Yard Fenced
- Sprinkler System
- Lawn Pump
HOA Fees
- $109 Monthly HOA Fees
Parking
- 4 Car Attached Garage
- Automatic Garage Door Opener
- Guest Parking
Property Views
- Bay
- Gulf
Home Design
- Tuscan Architecture
- Exterior Columns
Interior Spaces
- 9,473 Sq Ft Home
- 2-Story Property
- Elevator
- Wet Bar
- Central Vacuum
- Partially Furnished
- Beamed Ceilings
- Coffered Ceiling
- Tray Ceiling
- Vaulted Ceiling
- Ceiling Fan
- Recessed Lighting
- Gas Fireplace
- Window Treatments
- Entrance Foyer
- Great Room
- Living Room
- Dining Room
- Home Office
Kitchen
- Breakfast Bar
- Walk-In Pantry
- Gas Oven or Range
- Range Hood
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Wine Refrigerator
- Kitchen Island
- Disposal
Flooring
- Wall to Wall Carpet
- Marble
Bedrooms and Bathrooms
- 5 Bedrooms
- En-Suite Primary Bedroom
- Dressing Area
- Maid or Guest Quarters
- In-Law or Guest Suite
- Cultured Marble Bathroom Countertops
- Dual Vanity Sinks in Primary Bathroom
- Shower Only in Primary Bathroom
Laundry
- Dryer
- Washer
Home Security
- Intercom
- Fire and Smoke Detector
Pool
- Heated In Ground Pool
- Spa
- Outdoor Shower
Outdoor Features
- Balcony
- Covered Patio or Porch
- Outdoor Kitchen
- Built-In Barbecue
Additional Homes
- Dwelling with Separate Living Area
Schools
- Patronis Elementary School
- Surfside Middle School
- Arnold High School
Utilities
- Central Air
- Geothermal Heating and Cooling
Listing and Financial Details
- Assessor Parcel Number 31365-572-000
Community Details
Overview
- Association fees include security
- Preserve On The Bay Ph 1 Subdivision
Security
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $26,738 | $2,348,950 | -- | -- |
2023 | $26,738 | $2,135,409 | $1,014,165 | $1,121,244 |
2022 | $27,029 | $2,333,446 | $1,119,365 | $1,214,081 |
2021 | $23,909 | $2,028,105 | $0 | $0 |
2020 | $23,913 | $2,000,104 | $0 | $0 |
2019 | $23,803 | $1,966,659 | $0 | $0 |
2018 | $23,725 | $1,929,989 | $0 | $0 |
2017 | $23,391 | $1,890,293 | $0 | $0 |
2016 | $23,327 | $1,851,413 | $0 | $0 |
2015 | $23,818 | $1,838,543 | $0 | $0 |
2014 | $23,595 | $1,823,951 | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
12/09/2024 12/09/24 | For Sale | $8,750,000 | -- | $924 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Interfamily Deed Transfer | -- | Attorney | |
Warranty Deed | $1,100,000 | Lawyers Title Agency N Fl In |
Source: Emerald Coast Association of REALTORS®
MLS Number: 964468

APN: 31365-572-000
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