NOT LISTED FOR SALE

1571 Alligator Dr Panacea, FL 32346

Saint Teresa-Alligator Point Neighborhood

Estimated Value: $2,116,000 - $2,397,000

5 Beds
4.5 Baths
4,332 Sq Ft
$515/Sq Ft Est. Value

Sale Details

Date Sold: July 15, 2025

Last sale price $2,227,420 $514 Per Sq Ft

Current estimated payment $13,390 / mo

98 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Bay View
  • Deck
  • Access to Bay or Harbor
  • 0.59 Acre Lot
  • Contemporary Architecture

About This Home

As of July 2025

A rare find - this stunning beach to bay home offers the best of both worlds. **Seller Construction Notes: The exterior aluminum finish has a 50 year warranty against corrosion with insulation between the exterior wall and the timber inside. The interior of this home is made oof solid wood, obtained from the Mature Radiata Pine from New Zealand. The tongue and groove construction method has 5 times more timber than conventional wood frame homes. This timber is an organic air conditioner, regulating moisture and temperature. It's high insulation and thermal mass (2.concrete) makes this home extremely energy efficient for cooling and heating. There are steel girders running both vertically and horizontally through out and engineered for 170 MPH winds. (Florida requirement is 140 MPH winds). Concrete pilings are measured to 40 ft deep. ** Park the boat at your front door with easy access to fishing, kayaking, tubing/skiing and paddle boarding. Enjoy quick access by boat to Dog Island, Carrabelle, and Appalachicola. On the other side ...white sandy beaches are just steps away. All bedrooms and living spaces in this home boasts either incredible beach views or bay views - as well as the sunrises and sunsets. Walls of panoramic windows slide open and provide tons of natural light.

Last Agent to Sell the Property

Katherine Hansli Searcy

The Naumann Group Real Estate License #3269756 Listed on: 03/11/2025

Last Buyer's Agent

Katherine Hansli Searcy

The Naumann Group Real Estate License #3269756 Listed on: 03/11/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,044

Year Built

  • Built in 2010

Lot Details

  • 25,700 Sq Ft Lot
  • Lot Dimensions are 100x260x100x250
  • Property fronts gulf or ocean

Parking

  • 3 Carport Spaces

Property Views

  • Bay
  • Gulf

Home Design

  • Contemporary Architecture
  • Aluminum Siding

Interior Spaces

  • 4,332 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Tray Ceiling
  • Vaulted Ceiling
  • Electric Fireplace
  • Window Treatments
  • Utility Room
  • Washer

Kitchen

  • Oven
  • Cooktop
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Outdoor Features

  • Access to Bay or Harbor
  • Deck
  • Covered Patio or Porch

Schools

  • Franklin County High School

Utilities

  • Central Heating and Cooling System

Community Details

  • Alligator Point Subdivision
  • Office

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 12037-03-07S-02W-1010-0000-0110

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,044

Year Built

Built in 2010

Lot Details

0.59 Acres

Listing Details

  • Waterfront: Yes
  • Year Built: 2010
  • Directions: HWY 98 to Alligator Drive
  • Elementary School: OTHER COUNTY
  • High School: Franklin County High School
  • PropertySubType: Detached
  • PropertyType: Residential
  • Lot Size: 100x260x100x250
  • ResoRoadSurfaceType: Paved
  • Appliances: Cooktop, Dryer, Dishwasher, Oven, Refrigerator, Washer
  • Subdivision Name: ALLIGATOR POINT
  • Owner Name: SFI
  • Architectural Style: Contemporary/Modern, Two Story
  • General Property Information:Bathrooms Half: 1
  • Bedrooms: 5
  • ResoBuildingAreaSource: Assessor
  • Carport Y N: Yes
  • ResoFireplaceFeatures: Electric
  • Fireplace: Yes
  • Reso Interior Features: Wet Bar, Tray Ceiling(s), High Ceilings, Vaulted Ceiling(s), Window Treatments, Primary Downstairs, Pantry, Split Bedrooms, Upper Level Primary, Walk-In Closet(s)
  • Reso Parking Features: Carport, Three or more Spaces
  • Reso Patio And Porch Features: Covered, Deck, Patio, Porch
  • Property Attached Yn: No
  • Reso Room Type: Office, Other, Pantry, Utility Room
  • Building Stories: 2
  • PropertySubTypeAdditional: Detached,Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Flooring: Hardwood, Tile
  • Full Bathrooms: 4
  • Living Area: 4332.0

Exterior Features

  • View: Bay, Gulf
  • Acres: 0.59
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Bay Access, Gulf
  • Home Warranty: No
  • Construction Materials: Aluminum Siding

Garage/Parking

  • Carport Spaces: 3.0

Utilities

  • Heating: Central, Electric, Fireplace(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Sewer: Septic Tank
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: OTHER COUNTY

Lot Info

  • Parcel Number: 12037-03-07S-02W-1010-0000-0110

Tax Info

  • Tax Annual Amount: 13044.0
  • Tax Block: 0
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2025
Closed on
Jul 15, 2025
Sold by
Singh Family Investments Llc
Bought by
Roberts Charles W
Seller's Agent
Katherine Hansli Searcy
The Naumann Group Real Estate
Buyer's Agent
Katherine Hansli Searcy
The Naumann Group Real Estate
List Price
$2,850,000
Sold Price
$2,227,420
Premium/Discount to List
-$622,580
-21.84%
Views
37
Current Estimated Value
$2,229,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,540
Avg. Annual Appreciation
0.13%
Original Mortgage
$1,800,000
Outstanding Balance
$1,508,473
Interest Rate
6.85%
Mortgage Type
Construction
Estimated Equity
$721,487

Purchase Details

Closed on
Dec 21, 2010
Sold by
Singh Hardeep and Singh Jayati C
Bought by
Singh Family Investments Llc

Purchase Details

Closed on
Nov 26, 2008
Sold by
Simmons Iii John W
Bought by
Singh Hardeep and Singh Jayati C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Roberts Charles W $2,227,500 None Listed On Document
Roberts Charles W $2,227,500 None Listed On Document
Singh Family Investments Llc -- Attorney
Singh Hardeep $600,000 Attorney
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 Roberts Charles W $1,800,000
Closed Roberts Charles W $1,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2025 07/15/25 Sold $2,227,420 -21.8% $514 / Sq Ft
06/17/2025 06/17/25 Pending -- -- --
03/11/2025 03/11/25 For Sale $2,850,000 -- $658 / Sq Ft
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

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
2025 $15,865 $1,616,818 $651,800 $965,018
2024 $14,567 $1,433,377 $459,050 $974,327
2023 $13,309 $1,180,213 $446,200 $734,013
2021 $12,866 $1,080,897 $446,200 $634,697
2020 $13,036 $1,086,747 $446,200 $640,547
2019 $11,568 $865,309 $420,500 $444,809
2018 $11,054 $766,404 $0 $0
2017 $10,431 $717,854 $0 $0
2016 $10,068 $692,297 $0 $0
2015 $9,775 $665,447 $0 $0
2014 $9,900 $668,161 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katherine Hansli Searcy

    Seller's Agent in 2025

    Katherine Hansli Searcy

    The Naumann Group Real Estate

    (850) 766-1444

    19 in this area

    226 Total Sales

    Katherine Hansli Searcy
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Map

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

MLS Number: 383033

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

APN: 03-07S-02W-1010-0000-0110

Florida Franklin County Panacea 32346 Saint Teresa-Alligator Point

1571 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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