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Saint Teresa-Alligator Point Condo for Sale

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    $1,200,000

    • 3 Beds
    • 4 Baths
    • 2,032 Sq Ft

    680 Alligator Dr, Panacea, FL 32346

    Stunning Bayfront Home on Alligator Harbor! Just minutes away from the beach! Step into luxury coastal living with this exquisite bayfront home, newly remodeled in 2024 with designer updates and high-end finishes. Featured in coastal-style, this home offers an open-concept layout, perfect for both entertaining and relaxation. From the moment you walk through the door, you're welcomed by soaring

    Agent Photo

    Carmen Mansfield

    McClellan Realty

    (850) 753-0513

    680 Alligator Dr, Panacea, FL 32346

Why Live in Saint Teresa-Alligator Point

Florida’s Forgotten Coast is a largely undeveloped shoreline, home to state parks, nature reserves and rural beach communities like Saint Teresa-Alligator Point. Longtime local Paul Parker, broker-owner of Harbor Point Realty and Vacation Rentals, says the neighborhood features three distinct residential pockets: Alligator Point, Bald Point and St. Teresa. “Alligator Point is the most populated,” he says. “But even that’s very small. There’s no commercial development except for a marina. We’re surrounded by state parks and forests; it’s mainly an outdoor eco-tourism area.” The neighborhood comprises the eastern edge of Franklin County, one of the state’s smallest counties by population. Approximately 80% of it is publicly owned, undeveloped land. “So, the county’s got quite a buffer from overdevelopment,” Parker says. “Didn’t even get its first stoplight until about 10 years ago.” Prices here span a broad range. Inland properties run between the mid $300,000s and around $600,000. This includes new construction houses in SummerCamp Beach, a gated, HOA-managed subdivision in St. Teresa. Midsized waterfront properties cost between $700,000 and $1.1 million, including Alligator

Home Trends in Saint Teresa-Alligator Point, FL

Housing Trends

Median Sale Price
$521,250
Median Single Family Sale Price
$738,000
Median Townhouse Sale Price
$662,450
Average Price Per Sq Ft
$446
Number of Homes for Sale
41
Last 12 months Home Sales
44
Months of Supply
11.20
Median List Price
$765,000
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
1%
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