Homes for Rent in Saint Teresa-Alligator Point, Panacea

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