This stunning showpiece home on the bay combines Old World beauty with modern convenience for decidedly elegant but relaxed living. The lush lawn and tree-lined border make a perfect setting for the Mediterranean villa with its stone and stucco exterior, old world mix of chocolate and cream roof tile, rich wood doors, and arched entries and windows. Fabulously maintained, the intricate details and quality craftsmanship are evident both outside and in. The spacious floor plan was designed to be a spectacular setting for entertaining. From the large foyer beautiful views of the Choctawhatchee Bay and Mid-Bay Bridge can be seen through the beveled glass window of the parlor. Polished marble floors are complemented by the raised ceilings, aged-finish walls, and varied architectural details. Flanked by two Ionic-style columns, the formal dining room occupies a semi-circle with cast walls and a 21-foot wood beamed ceiling. Beyond it, a spiral staircase under a painted dome accesses the second floor, while another hall leads to a guest suite and the 3-car garage. The huge kitchen features beautiful custom cabinets, Viking appliances plus two Bosch dishwashers, a walk-in pantry, granite countertops, stone sink, and a breakfast bar. A butler's area and wine closet are nearby, while a breakfast nook enjoys views of the patio and bay. The adjoining family room has disappearing sliding doors on two sides, opening to the nearly 1200 SF screened lanai with pool, spa, summer kitchen, and fireplace - a great backdrop for casual get-togethers day or evening. The master bedroom features wood floors, a tray ceiling with carved crown molding, a sitting area overlooking the water, and double doors with old world seeded glass to access the patio and pool. Two 7' Carrera marble sculptures in the master bath echo the elegant European theme. The master suite also includes double vanities, etched glass over the jetted tub, a walk-in shower with multiple shower heads, and huge closet. Two additional bedroom suites are located upstairs. A bonus room is currently used as a home gym, complete with cork floor and screened doors to enjoy the breeze off the bay. Large enough for another outdoor kitchen area, the huge balcony is yet another great location for parties. Sturdy ICF construction, 12'' walls, and high impact glass save energy and protect against inclement weather. Enjoy peaceful sunsets and sunrises over the water, or grab a jet ski for more active water sports. And don't forget all the amenities of the gated golf community of Regatta Bay! Whether it's a gala for your friends or a quiet day at home, you'll love this elegant estate!