Experience waterfront living at its finest in The Preserve on the Bay, one of Panama City Beach's most desirable gated communities. Set along the bay with expansive water views, this impressive 5-bedroom, estate offers 5,629 square feet of thoughtfully designed living space and an exceptional combination of luxury, privacy, and waterfront amenities. The spacious two-story interior is freshly painted and features wood flooring, new carpet, custom wood cabinetry, high-end gas appliances, and generous living areas designed for both everyday living and entertaining. The first-floor primary suite provides a private retreat, while a dedicated study offers an ideal space for working from home. Upstairs, additional bedrooms and a large bonus room provide flexibility for family and guests. Outdoor living is where this property truly shines. Enjoy the private pool, expansive covered patio, and breathtaking bay views from the comfort of your own backyard. A private dock provides convenient access to the water and creates an exceptional setting for enjoying Northwest Florida's beautiful waterways. Additional features include an oversized four-car garage, circular driveway, brick construction, and ample storage. Located within the 24-hour gated and guarded community of The Preserve on the Bay, this extraordinary property offers a rare opportunity to enjoy a private waterfront lifestyle while remaining close to the beaches, dining, shopping, and amenities of Panama City Beach.