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$1,450,000
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Property Description
Nestled in the heart of Kings Point, one of Panama City's most storied and sought-after neighborhoods with NO HOA, this is an incredible WATERFRONT property where deep-water access, luxury amenities, and authentic community come together to make home. No HOA. This home is over 5,000 SF heated and cooled living space and has been designed for families who want everything within reach and ideal for those who want to truly live the lifestyle that waterfront living affords. Step out your door, onto your private dock and oversized pool. Deep-water access paired with a 10,000 lb. boat lift with walk boards in a 34'x14' slip means your vessel is ready the moment you are, and with just 6 nautical miles to the Gulf of America with no idle speed zones, a saltwater escape is never more than a short cruise away. This dock is designed and prepped to add a boat house cover so when the time comes, you're ready to make it happen. When staying home is on the agenda, the pool draws you in: designed with lap lanes for the swimmer who takes their mornings seriously and transforms effortlessly into the ultimate backyard centerpiece. It's equally suited for quiet Sunday floats and back yard gatherings with neighbors you're going to love! A charming brick exterior, a covered porch the length of the home and mature landscaping is what you're greeted with when you pull into your two-car garage. Inside, every space has been sized generously and designed with intention. Oversized bedrooms and walk-in closets offers a home feel like a true retreat. The primary suite is anchored on the main level by two closets that rival entire rooms. A gracious sitting room off the foyer sets the tone from the moment you arrive. The dedicated home office, complete with its own fireplace and built-in with custom millwork, is the kind of space that makes working remotely feel like a privilege. And upstairs there's a flex room that would be equally suited as a private fitness studio, playroom, or creative haven, adapting naturally as your life evolves. Above the garage, an additional fully outfitted 720 SF (not included in overall SF) theater room doubles beautifully as an independent mother-in-law suite. A full bath is also accessible from this area giving your guests the space they deserve or perfect for nights in a game room. Mahjong or poker anyone? The kitchen and living area are spacious and include exceptional views of the large pool, a pavered patio, mature landscaping and the waters leading into the Bay. The kitchen brings additional seating with an eat-in area and offers professional-grade appliances, a full-size wine cooler, double ovens-great for entertaining, cooktop with stainless range hood, ice maker, prep sink, and oversized walk-in pantry. The living area is anchored with a fireplace and flanked by two sets of French doors leading to the patio, pool and dock. The formal dining room is just off the kitchen and presented beautifully with a gorgeous chandelier and wallcovering. A convenient powder room for guests is located off the foyer in the center of the home. Upstairs, you'll find the flex room as well as two guest bedrooms with en-suite baths and multiple walk-in closets for each bedroom. This kind of space and room to spread out is rare in a home this size! Kings Point is the kind of community where people plant roots and stay. Walkable streets, mature canopy trees, and neighbors who wave...it's a pace of life that feels increasingly rare and genuinely worth savoring. The location is as practical as it is enviable: Publix and everyday conveniences are just minutes away. Coastal dining favorites in St. Andrews are just minutes away and the waterfront restaurants along St. Andrews Bay become part of your regular rhythm. Top-rated schools serve the area, and everything you love about coastal Florida living is right outside your door. Twenty minutes to the beach. Six nautical miles to the Gulf. Waterfront achieved!
Full Property Details
Full Property Details for 2806 Canal Dr
General
- Price: $1,450,000
- Taxes: $12,307 (2025)
- Status: Active
- Type: Single Family
- Source: Bay_County
- MLS ID: 789910
- Updated: 7/2/2026
- Added to Site: 56 day(s) ago
Interior
- Number of Rooms: 7
- Interior Features: Double Vanity, Main Level Primary, Soaking Tub, Separate Shower, Walk-In Closet(s)
- Fireplace: Yes
- Appliances: Electric Cooktop, Electric Water Heater, Ice Maker
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Private
Exterior
- Exterior Features: Boat Lift, Covered Patio, Dock, Patio
- Porch/Patio/Deck: Deck, Patio
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Bay
- Subdivision: Kings Point
- Driving Directions: Heading east on 23rd Street, turn left on 390. Follow north then turn left onto Frankford Avenue. Turn left onto W 27th Street. Follow west then turn left onto Kings Road. Follow and turn left onto Canal Drive. Home is third on the left.
School Information
- Elementary School: Northside
- Middle School: Jinks
- High School: Bay
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
- Utility Description: Electricity Available
Structural Information
- Architectural Style: Traditional
- Construction: Brick
- Roof: Shingle
- Sq. Ft. Source: Appraiser
- Year Built: 1991
Lot Features
- Property View: Bayou, Canal, Water
- Lot Size (Acres): 0.58
- Lot Size (Sq. Ft.): 25,352
- Lot Size: .58
- Lot Dimensions: 188 x 135
- Lot Features: Sprinkler System, Paved
- Zoning: Resid Single Family
- Fencing (Description): Fenced
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Canal Access, Seawall
- Water Front View: Canal Access, Seawall
Financial Considerations
- Tax Amount: $12,307
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: KINGS POINT CORRECTED(6.01)79A LOT 6 & W 1/2 LOT 5 BLK A ORB 1035 P 1461
- Property ID: 26872-000-000
Listed by Corcoran Reverie
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Schools
Schools serving 2806 Canal Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Northside Elementary School 2001 Northside Drive, Panama City, FL 32405 | PK-5 | 1.7 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 2.8 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 3.2 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 2806 Canal Dr
Date
Details
Price
Change
Source
7/02/2026
Price Reduced
$1,450,000
-9.32%
MLS
5/15/2026
Listed
$1,599,000
—
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 2806 Canal Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,893
—
$991,340
67%
2024
$6,893
2%
$594,183
3%
2023
$6,775
12%
$576,877
6%
2021
$6,047
—
$542,782
-3%
2022
$6,055
—
$559,065
4%
2021
$6,047
-1%
$535,288
-2%
2019
$6,120
-1%
$544,457
1%
2018
$6,174
—
$541,391
2%
2017
$6,150
-1%
$530,256
2%
2016
$6,182
-2%
$519,350
2%
2015
$6,290
—
$511,271
—
2014
$6,269
15%
$510,285
1%
2013
$5,462
—
$502,744
—
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 2806 Canal Dr
2806 Canal Drive, Panama City, FL 32405 (MLS# 789910) is a Single Family property with 3 bedrooms, 4 full bathrooms and 1 partial bathroom. 2806 Canal Drive is currently listed for $1,450,000 and was received on May 15, 2026. Want to learn more about 2806 Canal Drive? Do you have questions about finding other Single Family 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.

