Design an innovative underwater residence, viewed from the outside, that showcases its unique architectural features while fully immersed in the ocean. The home should incorporate large, panoramic glass walls that reveal the interior spaces, highlighting modern furnishings and inviting living areas. Emphasize the structure’s design elements, such as organic shapes and fluid lines, that mimic the natural forms of marine life. Create an enchanting underwater environment, complete with soft, dappled light effects filtering through the water, and reflections that convey the sensation of being submerged. Include glimpses of marine life swimming by, enhancing the immersive experience. The color palette should incorporate oceanic blues, greens, and natural textures, making the home harmoniously blend with its aquatic surroundings. Ensure the design exudes a sense of tranquility and luxury, showcasing how living underwater can be both functional and aesthetically captivating.