Exquisite custom home situated on a large bay front lot in the desirable gated golf community of Regatta Bay featuring exceptional construction, quality materials and craftsmanship on 137 feet of bay frontage making Fairwinds on the Bay truly one of Destin's most spectacular residences. Situated on a quiet cul-de-sac with an impressive private, gated entrance, Jerusalem stone stairway and water feature fountain. Custom leaded glass front doors open to a large foyer and living area with an entire wall of windows offering the first of many gorgeous bay views. The formal dining area is adjacent to the living area and the gourmet kitchen that will please the fussiest cook, with a large center island, gleaming granite counters, Thermadore cook top, two Subzero refrigerator drawer and two freezer drawers. The butler's pantry next to the kitchen has an additional full-size refrigerator, lots of storage and counter space and a convenient pass through to the kitchen (disguised in the cabinetry) for easy entertaining. With the casual dining area and cozy waterfront family room, this will surely be a favorite gathering place for family and friends. Also on this level is the incredible master suite, with a generously sized bedroom and sitting area with fireplace, both with bay views, and a luxurious master bath with double vanity, jetted tub, separate walk-in shower, large walk-in closet with custom built-ins. On the west wing of this level is the ladies study, three additional bedrooms and two full baths. On the ground level is a large family room, complete with built-ins, large granite bar, beautiful salt water aquarium. Everyone will love the movie theatre, which features stadium seating. Additionally on this level are two bedrooms, two luxurious baths, a study/library, an exercise room, storage room and 600 bottle Vinotheque wine cabinet. Step out onto the screened lanai and enjoy a tropical oasis, resplendent with a sparkling pool, hot tub, water features including a fire breathing dragon fountain, fire pit, full summer kitchen, numerous seating and lounging areas surrounded by lush, mature landscaping and strategically designed outdoor lighting. Private pier with boat dock...the perfect place to savor a legendary Destin sunset. Fairwinds on the Bay is so extravagant, so architecturally significant, that is should be considered as as the Emerald Coast's contribution to America's Castles. No expense has been spared on this palatial home! Just some of the custom features include inlaid marble floors throughout, granite topped custom cabinetry, designer sinks, faux finishes, trayed and domed ceilings, deep crown molding, upgraded lighting and media technology. Every modern convenience has been provided in an expansive, well-designed floor plan in a jewel of setting.