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$515,000 Just Listed
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Property Description
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!
Full Property Details
Full Property Details for 1251 Capri Dr
General
- Price: $515,000
- Taxes: $2,267 (2025)
- Status: Active
- Type: Townhouse
- Source: Bay_County
- MLS ID: 785313
- Updated: 2/16/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 3
- Appliances: Electric Oven, Electric Water Heater, Gas Cooktop
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Boat Slip, Covered Patio, Deck, Dock, Patio
- Porch/Patio/Deck: Deck, Covered, Patio
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Bay
- Subdivision: Venetian Villa
- Driving Directions: Heading west on Highway 390, turn right onto Venetian Way. Turn left onto Milano Road/Capri Drive. Capri Drive makes a circle and the home is on your left.
School Information
- Elementary School: Northside
- Middle School: Mowat
- High School: Mosley
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric, Fireplace(s)
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available
Structural Information
- Structure Type: Townhouse
- Construction: Stucco
- Roof: Metal
- Sq. Ft. Source: Appraiser
- Year Built: 1984
Lot Features
- Property View: Bay, Bayou
- Lot Dimensions: 39 x 113
- Frontage: City Street
- Lot Features: Paved
- Zoning: Resid Single Family
- Fencing (Description): Full, Fenced
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Bayou, Seawall
- Water Front View: Bayou, Seawall
Financial Considerations
- Tax Amount: $2,267
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: 18 3S 14W -1.238- BEG 678.38' SLY OF NW COR LOT 24 BLK 10 TH: ELY 113.21' SE 39.52' NW 113.23' NLY 39.50' TO POB PT OF LOTS 34, 35, &36 BLK 10 VENETIAN VILLA ORB 3899 P 2170
- Property ID: 11728-238-000
Listed by Corcoran Reverie
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Schools
Schools serving 1251 Capri Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Northside Elementary School 2001 Northside Drive, Panama City, FL 32405 | PK-5 | 2.4 mi |
Mowat Middle School 1903 County Road 390, Lynn Haven, FL 32444 | 6-8 | 3.2 mi |
A. Crawford Mosley High School 501 Mosley Drive, Lynn Haven, FL 32444 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1251 Capri Dr
Date
Details
Price
Change
Source
2/16/2026
Listed
$515,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1251 Capri Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,117
-3%
$176,091
3%
2024
$2,193
-4%
$171,128
3%
2023
$2,276
8%
$166,144
6%
2021
$2,115
-3%
$156,135
-3%
2022
$2,176
3%
$160,819
4%
2021
$2,115
16%
$153,979
—
2019
$1,820
-28%
$153,387
-8%
2018
$2,513
3%
$165,970
2%
2017
$2,450
-3%
$163,476
—
2016
$2,517
-3%
$164,133
—
2015
$2,599
—
$164,790
-1%
2014
$2,594
7%
$165,933
-1%
2013
$2,423
—
$167,361
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1251 Capri Dr
1251 Capri Drive, Panama City, FL 32405 (MLS# 785313) is a Townhouse property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 1251 Capri Drive is currently listed for $515,000 and was received on February 16, 2026. Want to learn more about 1251 Capri Drive? Do you have questions about finding other Townhouse real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

