I don't think it's possible to cite a single movie as "the last classic Hollywood type movie" where its focus was entertainment and had movie magic feel to it, but I do think you could make a general list.
Some I'd throw out there for me are Mask of Zorro (1998), the Transporter (2002), the first two Harry Potter films.
What about you guy's. What's your personal list of movies that were sort of the last of that era where movies felt like movies and had something special to them?
LOTR Trilogy, Inception, or any blockbuster before the 2010s when you reallly started to get beat down about diversity and inclusion in entertainment
Inception and almost any other Nolan film is a good choice, outside of Tenet. Tenet is bad. I like Interstellar as well.
Interstellar was very good. Loved the fifth dimensional concept. Phillip K Dick had a book from the 60s called Ubik. While reading it I wondered if Nolan had received inspiration from it for inception
basically every science fiction movie that isn't H.G. Wells is based on PKD or other people who copied him
Hollywood loves PKD stories that is for sure