1251 Capri Drive, Panama City

$515,000

3 Beds
3 Baths
2,093 Sqft
.1 Acre
2 Garages

WATERFRONT dreams come true in this spacious, bayfront home with pure Bay views, a private dock, 2-car garage and NO HOA! This is where Shell Island trips, relaxed sunset evenings, and fishing trips become your everyday reality.

This deep-water, bayfront home provides expansive views and quick access to the Bay and Gulf within minutes and is located at the end of the channel, ideal for vessels of all sizes. Leave from your private dock, spend the afternoon fishing, or cruise to Shell Island with ease. This waterfront residence offers 2,093 square feet with soaring, vaulted wood-clad, beamed ceilings, a stone fireplace and a sunroom facing the water that you'll never want to leave. 3 bedrooms and 2.5 bathrooms, thoughtfully-designed and renovated for comfortable coastal living with hardwood flooring throughout, this is a prime location for pure Bay views and an incredible use of space. The open kitchen features stainless appliances with gas range, ample cabinetry and large seating area for barstools, great for entertaining! The dining room has great water views and the modern, airy feel of bright light flowing is felt throughout.

The waterfront primary suite offers peaceful views, walk-in closet, dual vanities, and tiled shower. Two additional bedrooms with spacious closets share a guest bath accessible by the hallway. A spacious laundry room, powder room for guests and two-car garage add convenience to this waterfront gem.

Step outside the sunroom and enjoy an open wood deck with a pavered patio in a fenced yard with Florida palm trees. Step out of the fence and onto your private dock and landing which provides quality marine construction with a seawall, deck over the water, boat slip ready for your boat lift and a dock made with a durable wood-composite material for longevity on the water!

Centrally located just minutes to Publix, dining, shopping, and approximately 25 minutes to the white sandy beaches, this home blends everyday convenience with the ultimate Panama City WATERFRONT lifestyle with NO HOA. And only 8 nautical miles to the Gulf of America, you'll be enjoying a short ride to the open Gulf through the Bay in just minutes.

Don't miss your opportunity to own a waterfront gem in Panama City, Florida at an incredible price!

Essential Information
MLS® #995504
Price$515,000
Sold Price$490,000
Date Sold$2026-04-08
Bedrooms3
Bathrooms3.00
Full Baths2
Half Baths1
Square Footage2,093
Acres0.10
Year Built1984
TypeResidential
Sub-TypeTownhouse
StyleTownhome
StatusSold
Community Information
Address1251 Capri Drive
Area27 - Bay County
SubdivisionVENETIAN VILLA
CityPanama City
CountyBay
StateFL
Zip Code32405
Amenities
ParkingBoat, Garage
# of Garages2
ViewBay, Bayou
Is WaterfrontYes
WaterfrontBay, Bayou
Utilities

Electric, Gas - Propane, Public Sewer, Public Water

Interior
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
# of Stories2
Interior Features

Breakfast Bar, Beamed Ceilings, Vaulted Ceiling(s), Fireplace, Kitchen Island, Recessed Lighting, Natural Woodwork

Appliances

Dishwasher, Microwave, Refrigerator, Electric Water Heater

Exterior
Exterior FeaturesBoat Slip, Dock, Private Yard
Lot DescriptionWithin 1/2 Mile to Water
RoofMetal
ConstructionStucco
School Information
ElementaryNorthside
MiddleMowat
HighMosley
Additional Information
Days on Website252
ZoningResid Single Family
Listing Details
OfficeCorcoran Reverie SRB
LISTING MAP

Get directions to this property:

Properties for Sale Similar to 1251 Capri Drive, Panama City, FL

Photo of Listing #1000144

1311 Capri Drive, Panama City

$399,000 - 4 Beds, 3 Baths, 1,939 Sf

MLS® # 1000144

DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2026, All rights reserved.

Listing information last updated on October 27th, 2026 at 2:52am CDT.