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$515,000
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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: Emerald_Coast
- MLS ID: 995504
- Updated: 2/20/2026
- Added to Site: 52 day(s) ago
Interior
- Rooms/Areas: Bedroom, Dining Room, Kitchen, Living Room, Master Bedroom
- Interior Features: Breakfast Bar, Ceiling Beamed, Ceiling Raised, Fireplace, Floor Hardwood, Floor Tile, Furnished - None, Kitchen Island, Lighting Recessed, Renovated, Woodwork Stained
- Appliances: Dishwasher, Microwave, Refrigerator, Stove/Oven Gas
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Living Room: Living Room
- Kitchen: Kitchen
- Dining Room: Dining Room
Additional Information
- Shared Amenities: Short Term Rental - Allowed
Exterior
- Exterior Features: Boat Slip, Deck Covered, Deck Open, Dock, Fenced Back Yard, Fenced Lot-Part, Patio Covered, Patio Open
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking: Boat, Garage, Garage Attached
Location
- Area: 27 - Bay County
- 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
Heating & Cooling
- Heating/Cooling: AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, Water Heater - Elect
Utilities
- Utility Description: Electric, Gas - Natural, Public Sewer, Public Water
Structural Information
- Architectural Style: Townhome
- Construction: Roof Metal, Stucco
- Stories/Levels: 2
- Square Feet: 2,093
- Sq. Ft. Source: County PA Records
- Year Built: 1984
Lot Features
- Property View: Bay, Bayou
- Lot Size (Acres): 0.1
- Lot Dimensions: 39 x 113
- Street/Road Desc.: City Road, Paved Road
- Lot Features: Within 1/2 Mile to Water
- Zoning: Resid Single Family
Water Features
- Water Front Type: Bay, Bayou
Financial Considerations
- Tax Amount: $2,267
- Tax Year: 2025
- Terms: Conventional, FHA, VA
Disclosures and Reports
- 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
- APN: 11728-238-000
Listed by Corcoran Reverie SRB
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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 ATTOM Data Solutions 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
2/17/2026
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# 995504) 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 17, 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.

