A consolidated 2D/3D camera system and method of operation. A consolidated 2D/3D camera system may include a first camera having a first lens and a second camera having a second lens. A 3D frame extractor may extract a first 3D image frame from an image captured by the first camera and extract a second 3D image frame from an image captured by the second camera to provide a stereo image pair. A 2D frame extractor may extract a 2D image frame, different from the first 3D image frame, from the image captured by the first camera.