NOT LISTED FOR SALE

1669 Alligator Dr Panacea, FL 32346

Estimated Value: $1,121,106

3 Beds
2 Baths
1,388 Sq Ft
$808/Sq Ft Est. Value

Sale Details

Date Sold: January 30, 2026

Last sale price $1,200,000 $865 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $6,642 / mo

34 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Bay View
  • Vaulted Ceiling
  • Access to Bay or Harbor
  • Deck
  • Wood Flooring

About This Home

As of January 2026

Step back in time and soak up the coastal charm of this beautifully preserved 1950s beach cottage, perfectly nestled along Florida’s “Forgotten Coast.” Privately situated on a rare beach-to-bay lot almost to the end of Alligator Point, this property offers the best of both worlds — white-sand beaches on one side and a bay front parcel across the street for extra privacy. Relax on the expansive screened porch as you listen to the soothing sounds of the surf, watch the dolphins play, spend the day playing in the sand, OR hop on your boat for a quick ride to Dog Island, Ochlockonee Shoals, Turkey Point, or Dog Island Reef. The Alligator Point Marina and Tiki Hut are just a short walk away, adding convenience and a touch of local fun to your days on the coast. Inside, this delightful cottage exudes character and warmth, with exposed wood beams, gleaming hardwood floors, and breathtaking water views from nearly every window. The inviting open-concept living area features a spacious family room, dining area, and kitchen—perfect for gathering after a day in the sun. A thoughtful split-bedroom layout provides privacy and comfort for guests and family alike. Whether you’re searching for a weekend retreat, a vacation rental, or a place to slow down and enjoy coastal living year-round, this one-of-a-kind beach cottage is sure to steal your heart.

Last Agent to Sell the Property

Katherine Hansli Searcy

The Naumann Group Real Estate License #3269756 Listed on: 10/29/2025

The Naumann Group Real Estate

Last Buyer's Agent

Sarah Hundley

Keller Williams Town & Country License #3590530

Keller Williams Town & Country
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,138

Year Built

  • Built in 1957

Lot Details

  • 38,333 Sq Ft Lot
  • Property fronts gulf or ocean

Parking

  • Driveway

Property Views

  • Bay
  • Gulf

Home Design

  • Cottage
  • Vinyl Siding

Interior Spaces

  • 1,388 Sq Ft Home
  • 1-Story Property
  • Tray Ceiling
  • Vaulted Ceiling
  • Window Treatments
  • Screened Porch
  • Utility Room
  • Washer

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Access to Bay or Harbor
  • Deck
  • Screened Patio

Utilities

  • Central Heating and Cooling System

Community Details

  • Alligator Point Sub Subdivision

Listing and Financial Details

  • Tax Lot 60
  • Assessor Parcel Number 12037-03-07S-02W-1010-0000-0600

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,138

Year Built

Built in 1957

Lot Details

0.88 Acres

Listing Details

  • Waterfront: Yes
  • Year Built: 1957
  • Directions: HWY 98 to Alligator Drive
  • Elementary School: OTHER COUNTY
  • High School: OTHER COUNTY
  • PropertySubType: Detached
  • PropertyType: Residential
  • ResoRoadSurfaceType: Paved
  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Washer
  • Subdivision Name: Alligator Point Sub
  • Owner Name: Hand
  • Architectural Style: Cottage, One Story, Two Story
  • Bedrooms: 3
  • ResoBuildingAreaSource: Assessor
  • Fireplace: No
  • Reso Interior Features: Tray Ceiling(s), High Ceilings, Stall Shower, Vaulted Ceiling(s), Window Treatments, Split Bedrooms, Upper Level Primary, Walk-In Closet(s)
  • Reso Parking Features: Driveway
  • Reso Patio And Porch Features: Covered, Deck, Porch, Screened
  • Property Attached Yn: No
  • Reso Room Type: Other, Screened Porch, Utility Room
  • Building Stories: 1
  • PropertySubTypeAdditional: Detached,Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Flooring: Hardwood, Tile
  • Full Bathrooms: 2
  • Living Area: 1388.0

Exterior Features

  • View: Bay, Gulf
  • Acres: 0.88
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Bay Access, Gulf
  • Home Warranty: No
  • Construction Materials: Vinyl Siding

Utilities

  • Heating: Central, Electric
  • Cooling: Attic Fan, Central Air, 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-1010-0000-0600

Tax Info

  • Tax Annual Amount: 8138.0
  • Tax Block: 0
  • Tax Lot: 60

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
Oct 29, 2025
Closed on
Jan 27, 2026
Sold by
Bought by
Seller's Agent
Katherine Hansli Searcy
The Naumann Group Real Estate
Buyer's Agent
Sarah Hundley
Keller Williams Town & Country
List Price
$1,289,000
Sold Price
$1,200,000
Premium/Discount to List
-$89,000
-6.9%
Views
33
Current Estimated Value
$1,121,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$78,894
Avg. Annual Appreciation
-12.72%
Original Mortgage
$470,000
Outstanding Balance
$461,471
Interest Rate
5.47%
Mortgage Type
New Conventional
Estimated Equity
$659,635
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
$1,120,000 Owen Title
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 $470,000
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
01/30/2026 01/30/26 Sold $1,200,000 -6.9% $865 / Sq Ft
12/03/2025 12/03/25 For Sale $1,289,000 0.0% $929 / Sq Ft
12/02/2025 12/02/25 Pending -- -- --
10/29/2025 10/29/25 For Sale $1,289,000 -- $929 / Sq Ft
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

Tax 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.

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 $5,763 $540,370 $421,375 $118,995
2024 $8,138 $750,398 $630,128 $120,270
2023 $7,968 $703,198 $611,988 $91,210
2021 $8,542 $691,319 $611,988 $79,331
2020 $8,804 $692,121 $611,988 $80,133
2019 $8,580 $683,598 $607,850 $75,748
2018 $7,929 $560,524 $0 $0
2017 $7,169 $493,239 $0 $0
2016 $6,511 $445,398 $0 $0
2015 $6,151 $416,303 $0 $0
2014 $6,215 $417,035 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 392708

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

APN: 03-07S-02W-1010-0000-0600

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