NOT LISTED FOR SALE

1268 Alligator Dr Panacea, FL 32346

Saint Teresa-Alligator Point Neighborhood

Estimated Value: $419,000 - $465,000

2 Beds
2 Baths
1,092 Sq Ft
$406/Sq Ft Est. Value

Sale Details

Date Sold: September 12, 2025

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

Est. 1% increase in value since last sale

Current estimated payment $2,833 / 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

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2025
Closed on
Sep 12, 2025
Sold by
Bought by
Seller's Agent
Armand Reyes
Keller Williams Town & Country
Buyer's Agent
Armand Reyes
Keller Williams Town & Country
List Price
$550,000
Sold Price
$440,000
Premium/Discount to List
-$110,000
-20%
Views
170
Current Estimated Value
$443,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,327
Avg. Annual Appreciation
0.98%
Original Mortgage
$352,000
Outstanding Balance
$351,687
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$91,640

Purchase Details

Listed on
Feb 25, 2021
Closed on
May 13, 2021
Sold by
Bought by
Seller's Agent
Beth Embert
Coastal Realty Group-Carrabelle
Buyer's Agent
Beth Embert
Coastal Realty Group-Carrabelle
List Price
$365,000
Sold Price
$359,000
Premium/Discount to List
-$6,000
-1.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.80%
Original Mortgage
$269,250
Interest Rate
3.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$440,000 Wakulla Title
$359,000 Wakulla Title Company Inc
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $352,000
Previous Owner $269,250
Source: Public Records

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

  • Armand Reyes

    Seller's Agent in 2025

    Armand Reyes

    Keller Williams Town & Country

    (850) 201-4663

    12 in this area

    39 Total Sales

    Armand Reyes
    Section Image
  • Beth Embert

    Seller's Agent in 2021

    Beth Embert

    Coastal Realty Group-Carrabelle

    (850) 228-4015

    1 in this area

    46 Total Sales

    Beth Embert
    Section Image
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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

Florida Franklin County Panacea 32346 Saint Teresa-Alligator Point

1268 Alligator Dr, Panacea, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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