1120 BEACH DR, Panama City, FL 32401 - For Sale

This truly unique Panama City landmark is architecturally stunning, warm and comfortable, offers amazing views of St. Andrew's Bay and the busy Gulf of Mexico shipping channel. Homes of this quality, character and distinction are rarely offered for sale. In 1953, Mr. and Mrs. Harry Smith, owners of Panama Supply and Equipment, built their dream home on the exquisite drive that connects Panama City to the village of St. Andrews. As local leaders in the building supply industry, the Smith's were able to use the finest materials and employ the best craftsmen in construction of this home. In 2006, more than $600,000 was expended in extensive renovations and improvements to the already remarkable residence, plus $200,000 spent on landscaping, 12-zone irrigation system, paving and other exterior improvements. The plaster moldings in the formal rooms of the home were fully restored. Hard wood floors were returned to their original luster. Chandeliers original to the home were located and re-installed. A master bedroom suite was created from what had been two separate bedrooms providing two master suites on the first floor. The kitchen, a chef's dream, was rebuilt with commercial grade appliances. An expansive wine cellar was built in the finished basement. The Florida room is a relaxing place with wrap-around views of the bay and lush gardens. The suite located above the three-car garage was also completely renovated. No expense was spared in restoring the home and adding to it those features that give it modern currency and lasting value. The home has energy efficient, hurricane-rated windows, completely replaced electrical system, high efficiency heating and air-conditioning systems and integrated sound, intrusion and fire warning system. Also, a substantial natural gas generator system was installed for peace of mind. The home's insulation was upgraded and every surface refurbished, remodeled or restored. Electric distribution to the residence became buried cable. A l