See Home Value
$1,325,000
● House - Off Market

2806 Canal Drive

Panama City, FL 32405
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,350 Ft²
$8,146
Est. Monthly

About This Property

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. A lifetime of living is found at 2806 Canal Drive.
Unit Size
4,350 Ft²
Days on Market
112 days
Land Size
0.58 acres
Price per sqft
$333
Property Type
House
Property Taxes
$1,026
HOA Dues
-
Year Built
1991

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Last updated: 3 months ago (ECAR #1003151)

Price History

Date / Event Date Event Price
Sep 4, 2026 Sold
Sold
Aug 5, 2026 In contract -
In contract
Jul 3, 2026 Price Decreased $1,450,000
↓ $149K (9.3%)
Price Decreased
May 15, 2026 Listed by Corcoran Reverie SRB $1,599,000
Listed by Corcoran Reverie SRB

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 2011
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 55
  • Porch Type: 35
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 25,351
  • Lot Size Depth Feet: 1,880
  • Lot Size Frontage Feet: 1,350
  • Total Building Area: 6,044
  • Gross Building Area: 6,044
  • Building Area: 6,044
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 6,044
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KINGS POINT
  • Land Acres: 0000000582
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: KINGS POINT CORRECTED(6.01)79A LOT 6 & W 1/2 LOT 5 BLK A ORB 1035 P 1461

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002500

Zoning

  • Zoning: BC15

Geography

  • Parcel: 26872-000-000
  • Block: A
  • Lot: 6,5
  • Meridian: SEC 25 TWN 03S RNG 15W
  • Municipality: FIRE COUNTY MOSQUITO
  • Latitude: 30.1994
  • Longitude: -85.701

    Address

  • Full Address: 2806 Canal Dr
  • Address - House Number: 2806
  • Address - Street Name: Canal
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C004
  • 4-Digit Zip Code: 1610
  • Zip Code: 32405

Valuation

    Tax

  • Total Area: 6,103
  • Tax Year: 2023
  • Tax Amount: $677,495
  • Tax Rate Code Area: 055

    Appraisal Valuation

  • Standard Deviation: 0.1732
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 77
  • Final Value: 928,036
  • High Value: 1,088,832
  • Low Value: 767,240

    Market Valuation

  • Market Total Value: $858,223
  • Market Land Value: $149,361
  • Market Improvement Value: $708,862

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $576,877

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About King's Point


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Frequently Asked Questions

When was property at 2806 Canal Drive built and last sold?
The property at 2806 Canal Drive was built in 1991 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2806 Canal Drive is $1,452,706.
What are some comparable homes to 2806 Canal Drive?
There are currently no comparable homes to 2806 Canal Drive.