UNDER CONTRACT WITH CONTINGENCIES; SELLER ACCEPTING BACKUP OFFERS.ASSUMABLE VA MORTGAGE AVAILABLE AT 3.25%. TAKE ADVANTAGE OF A PAYMENT LESS THAN HALF OF TODAY'S RATE.Welcome to 235 Moonlight Bay Drive, Colony Club, Panama City Beach, Florida, where coastal elegance meets functionality in this meticulously designed Cape Cod-style home. Boasting 2,856 square feet of living space, this residence offers an unparalleled blend of luxury and comfort. With 5 bedrooms and 4.5 bathrooms, including a conveniently located downstairs bedroom ideal for an office space or arts/crafts room, this home provides flexibility to suit your lifestyle.Indulge in breathtaking northern views toward West Bay from both the first and second floors, offering panoramic vistas of boats traversing to and from Shell Island and the Gulf of Mexico. Enjoy leisurely afternoons by the pool, complemented by a massive 1,000 square foot pool deck with a protective cage, perfect for entertaining guests or enjoying serene evenings under the stars.Crafted with durability in mind, this home features 2x6 framing, extra insulation, and Crane board siding, ensuring superior energy efficiency and peace of mind during inclement weather. Experience an abundance of natural light and stunning views from the spacious living/dining area, which seamlessly transitions to a pool deck oriented toward West Bay through elegant French doors.The cottage-style kitchen boasts custom cabinetry, an island, and stainless steel appliances, creating a perfect setting for culinary adventures and gatherings with loved ones. Retreat to the downstairs master bedroom, featuring an en-suite bathroom with his and hers sinks and direct access to the pool area, offering a serene oasis for relaxation. Above the extra-large garage, discover a spacious bonus room with a bathroom, ideal for accommodating guests, a returning college student, or providing a private space for work or leisure.Nestled on a large corner lot with a dead-end street on the north West Bay side, the pool area faces the Preserve to the north and west, providing enchanting views of the bay and lush forest teeming with wildlife. Enjoy the tranquility of a privacy-fenced area behind the garage and adjacent to the pool, surrounded by mature palms and flowering shrubs. Explore the bounty of nature with a beautiful fig tree adding to the charm of this idyllic property.Colony Club is a family friendly neighborhood close to top-notch schools and walking distance to Gayle's trails, a short drive to Pier Park, Legacy golf course, great restaurants, and entertainment. Make this state-of-the-art home yours today.Experience the epitome of Florida living in this meticulously crafted Cape Cod-style home. Contact us or your favorite Realtor today to schedule a viewing and make this coastal retreat your own!