An approach is provided for correlating and navigating between a live camera image and a prerecorded panoramic image. A mapping and augmented reality application correlates at least one live image with a prerecorded panoramic image, when a location of a device used to capture the at least one live image matches a location of a device used to capture the panoramic prerecorded image. The mapping and augmented reality application causes, at least in part, automatically alternating presentation on a screen of the device capturing the at least one live image, of the at least one live image and the prerecorded panoramic image.