1493 Alligator Dr Panacea, FL 32346
Saint Teresa-Alligator Point NeighborhoodEstimated payment $7,395/month
Total Views
4,619
3
Beds
2
Baths
1,846
Sq Ft
$677
Price per Sq Ft
Highlights
- Property fronts gulf or ocean
- Craftsman Architecture
- Recreation Room
- Bay View
- Deck
- Marble Flooring
About This Home
Welcome to 1493 Alligator Drive, a truly exceptional Gulf-front residence on Alligator Point. This one-of-a-kind home is nestled on one of the safest, highest-elevation beach lots, offering unparalleled peace of mind with its rare 17-foot+- elevation at the lowest floor and a growing beach. The property stands out as one of the smartest choices for Gulf-front living, especially when it comes to storm resilience and beach erosion. This meticulously renovated home underwent a complete custom transformation, down to the studs, ensuring it meets the highest standards of both aesthetics and functionality. The home showcases extensive use of luxurious, high-end finishes, making it not only a comfortable retreat but also a statement of historical craftsmanship. The exterior has been carefully restored to feature its original cypress post-and-beam structure, maintaining the charm of its coastal roots. Inside, no detail was overlooked. All-new electrical, plumbing, windows, and doors were installed. A lavish use of marble, slate, and limestone throughout the home adds a timeless elegance. The bathrooms feature premium Kohler sinks and soaking tubs, high-end fixtures, and a spa-inspired shower. The home is insulated with structural spray foam insulation, ensuring energy efficiency and comfort year-round. The heart of the home is the impressive sunroom, offering sweeping panoramic views of the Gulf, making it the perfect spot to relax and take in the breathtaking surroundings. Whether you're watching the waves roll in or simply enjoying the serene atmosphere, this sunroom will quickly become a favorite gathering place. The kitchen is a chef’s dream, featuring maple-lined cabinets and sleek quartz countertops, complemented by top-of-the-line appliances. A spacious laundry room and pantry offer abundant storage and convenience for everyday living. Outdoors, you'll find an oversized deck perfect for entertaining, with a dedicated privacy area off the master suite, creating multiple spaces to unwind while overlooking the stunning Gulf views. Security is top-notch with exterior surveillance cameras and motion lighting surrounding the property for peace of mind day or night. With a new heat pump and water heater, along with every modern amenity imaginable, this home is designed for comfort, luxury, and longevity. Experience the best of Gulf-front living with a blend of tranquility, safety, and high-end elegance at 1493 Alligator Drive. This property is truly a gem—there’s nothing else on the market that compares in terms of security, style, and long-term value. Don't miss your chance to call this spectacular home your own!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,166
Year Built
- Built in 1955
Lot Details
- 0.36 Acre Lot
- Property fronts gulf or ocean
Parking
- Driveway
Property Views
- Bay
- Gulf
Home Design
- Craftsman Architecture
- Traditional Architecture
- Cottage
- Wood Siding
Interior Spaces
- 1,846 Sq Ft Home
- 1-Story Property
- Entrance Foyer
- Recreation Room
- Screened Porch
- Utility Room
- Washer
- Security System Owned
Kitchen
- Oven
- Range
- Microwave
- Ice Maker
- Dishwasher
Flooring
- Wood
- Marble
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Outdoor Features
- Deck
- Screened Patio
Schools
- Franklin County Middle School
- Franklin County High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
Community Details
- Penn Point Subdivision
Listing and Financial Details
- Legal Lot and Block 3 / H
- Assessor Parcel Number 12037-06-07S-01W-1042-000H-0030
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,166 | $495,464 | $237,825 | $257,639 |
| 2023 | $4,877 | $442,876 | $237,825 | $205,051 |
| 2021 | $4,494 | $381,308 | $237,825 | $143,483 |
| 2020 | $4,298 | $335,597 | $237,825 | $97,772 |
| 2019 | $4,111 | $317,168 | $236,250 | $80,918 |
| 2018 | $3,802 | $259,257 | $0 | $0 |
| 2017 | $3,488 | $235,632 | $0 | $0 |
| 2016 | $3,222 | $217,059 | $0 | $0 |
| 2015 | $3,138 | $209,184 | $0 | $0 |
| 2014 | $3,173 | $209,741 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2025 04/02/25 | For Sale | $1,250,000 | +189.4% | $677 / Sq Ft |
| 06/18/2018 06/18/18 | Sold | $432,000 | -9.1% | $234 / Sq Ft |
| 04/13/2018 04/13/18 | Price Changed | $475,000 | -4.8% | $257 / Sq Ft |
| 12/04/2017 12/04/17 | Price Changed | $499,000 | -7.6% | $270 / Sq Ft |
| 08/17/2017 08/17/17 | Price Changed | $540,000 | -9.8% | $293 / Sq Ft |
| 07/05/2017 07/05/17 | For Sale | $599,000 | -- | $324 / Sq Ft |
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $432,000 | Owen Title Co Inc | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $100 | -- |
Source: Public Records
Similar Homes in Panacea, FL
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)
MLS Number: 383969
APN: 06-07S-01W-1042-000H-0030
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