NOT LISTED FOR SALE

1268 Alligator Dr Panacea, FL 32346

Estimated Value: $429,455

2 Beds
2 Baths
1,092 Sq Ft
$393/Sq Ft Est. Value

Sale Details

Date Sold: September 12, 2025

Last sale price $440,000 $403 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,794 / mo

125 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Vaulted Ceiling
  • Cottage
  • Deck
  • Screened Porch
  • Tray Ceiling

About This Home

As of September 2025

PRICE REDUCED!!! Fully Furnished Beach Home – Your Coastal Escape Awaits! Looking for a hassle-free vacation home or a smart investment property? This charming, fully furnished beach home offers a turnkey opportunity for out-of-state buyers seeking a slice of coastal paradise. Located on a generous 0.41-acre lot between the stunning Gulf of Mexico and Alligator Harbor, this property provides breathtaking ocean views and a peaceful, low-maintenance lifestyle. Key Features: * Move-in ready 2-bedroom, 2-bath home furnished for your convenience * Built in 1999, well-maintained and ready for immediate enjoyment * Enclosed screened porch perfect for soaking in panoramic ocean vistas * Spacious yard with plenty of room for boat and RV parking, including 50-amp service for RV hookups * Large work shed ideal for storing fishing gear, water toys, or outdoor equipment * Convenient access to multiple nearby boat ramps, making water excursions effortless * Surrounded by lush palms and pines, creating a tropical, inviting ambiance Investment & Lifestyle Highlights: * Prime location between the Gulf of Mexico and Alligator Harbor—perfect for fishing, boating, and water sports * An ideal property for vacation rentals, offering excellent rental income potential * Low-maintenance, turnkey home—perfect for out-of-state owners seeking a hassle-free investment Close to local amenities and outdoor recreation, ensuring year-round enjoyment Seize this incredible opportunity to own a piece of coastal paradise without the stress of extensive upkeep. Whether you’re seeking a personal retreat or an income-generating property, this home is ready to welcome you. RECENT 4 Pt and Wind Mitigation done!!! PRIVATE BEACH FRONT ACROSS THE STREET IS ALSO AVAILABLE FOR SALE

Last Agent to Sell the Property

Armand Reyes

Keller Williams Town & Country License #3450666 Listed on: 05/03/2025

Keller Williams Town & Country

Last Buyer's Agent

Armand Reyes

Keller Williams Town & Country License #3450666 Listed on: 05/03/2025

Keller Williams Town & Country
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1999

Lot Details

  • 17,860 Sq Ft Lot
  • Lot Dimensions are 93x210x90x200
  • Property fronts gulf or ocean
  • Partially Fenced Property

Home Design

  • Cottage
  • Wood Siding

Interior Spaces

  • 1,092 Sq Ft Home
  • 1-Story Property
  • Tray Ceiling
  • Vaulted Ceiling
  • Screened Porch
  • Utility Room
  • Washer
  • Gulf Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Screened Patio

Schools

  • Franklin County Middle School
  • Franklin County High School

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • Penn Point Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / F
  • Assessor Parcel Number 12037-06-07S-01W-1041-000F-0020

Home Details

Home Type

Single Family

Year Built

Built in 1999

Lot Details

0.41 Acres

Listing Details

  • Waterfront: Yes
  • Year Built: 1999
  • Directions: Hwy 98 to Alligator Dr. Approx 5.1 miles HOME on the right. R on George Vause Rd driveway in rear
  • Elementary School: OTHER COUNTY
  • High School: Franklin County High School
  • PropertySubType: Detached
  • PropertyType: Residential
  • ResoCommunityFeatures: Street Lights
  • Land Info Fencing: Partial
  • Lot Size: 93x210x90x200
  • ResoRoadSurfaceType: Paved
  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
  • Subdivision Name: Penn Point
  • Architectural Style: Cottage, One Story
  • Bedrooms: 2
  • ResoBuildingAreaSource: Assessor
  • Fireplace: No
  • Reso Interior Features: Tray Ceiling(s), High Ceilings, Vaulted Ceiling(s), Split Bedrooms
  • Reso Parking Features: Parking Space(s)
  • Reso Patio And Porch Features: Covered, Deck, Porch, Screened
  • Property Attached Yn: No
  • Reso Room Type: Screened Porch, Utility Room
  • Building Stories: 1
  • PropertySubTypeAdditional: Detached,Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Flooring: Engineered Hardwood
  • Full Bathrooms: 2
  • Living Area: 1092.0

Exterior Features

  • View: Gulf
  • Acres: 0.41
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Gulf
  • Home Warranty: No
  • Construction Materials: Wood Siding

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Sewer: Septic Tank
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Franklin County Middle School

Lot Info

  • Parcel Number: 12037-06-07S-01W-1041-000F-0020

Tax Info

  • Tax Block: F
  • Tax Lot: 2

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2025 09/12/25 Sold $440,000 -2.2% $403 / Sq Ft
09/05/2025 09/05/25 Pending -- -- --
07/25/2025 07/25/25 Price Changed $450,000 -9.5% $412 / Sq Ft
07/01/2025 07/01/25 Price Changed $497,000 -9.6% $455 / Sq Ft
05/03/2025 05/03/25 For Sale $550,000 +53.2% $504 / Sq Ft
05/13/2021 05/13/21 Sold $359,000 -1.6% $329 / Sq Ft View Prior Sale
03/28/2021 03/28/21 Pending -- -- --
02/26/2021 02/26/21 For Sale $365,000 -- $334 / Sq Ft
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

Agents Affiliated with this Home

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Map

Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

MLS Number: 385529

Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

APN: 06-07S-01W-1041-000F-0020

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