NOT LISTED FOR SALE

390 Bald Point Rd Panacea, FL 32346

Estimated Value: $1,430,265

4 Beds
4.5 Baths
2,769 Sq Ft
$517/Sq Ft Est. Value

Sale Details

Date Sold: July 2, 2025

Last sale price $1,549,000 $559 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $8,114 / mo

22 Days on Market

Highlights

  • Property fronts gulf or ocean
  • New Construction
  • Traditional Architecture
  • Indoor Spa
  • Vaulted Ceiling
  • Covered Patio or Porch

About This Home

As of July 2025

Welcome to this stunning 2024-built Gulf front retreat nestled in one of Florida’s last truly unspoiled coastal areas. Surrounded by the natural beauty of Bald Point State Park and protected from overdevelopment, this private escape offers the peaceful rhythm of the sea without a high-rise in sight. Thoughtfully designed for both comfort and style, the home features 4 spacious bedrooms—each with its own en suite bathroom. The expansive primary suite is a luxurious sanctuary, while the impressive bunk room boasts four built-in bunk beds and a queen bed, perfect for guests or multigenerational stays. At the heart of the home, the bright, open-concept kitchen, dining, and living area is framed by a full wall of glass, showcasing breathtaking ocean views and flowing seamlessly onto a generous Gulf-side deck. A covered front porch adds a welcoming touch and additional space to enjoy the breeze. Convenience meets coastal living with elevator access, front and rear staircases, and a ground level offering ample parking, storage, an oversized swim spa, and an outdoor shower—ideal for rinsing off after a day on the beach or boat. A public boat ramp is just down the road, making adventures on the water easily accessible. Whether you're seeking a serene full-time residence, a vacation getaway, or a high-performing rental investment, this one-of-a-kind property delivers on all fronts.

Last Agent to Sell the Property

Sandy Ferrera

All County Suncoast Property License #539781 Listed on: 05/12/2025

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

  • $3,054

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 1.1 Acre Lot
  • Lot Dimensions are 307x165x292x162
  • Property fronts gulf or ocean

Parking

  • 3 Carport Spaces

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,769 Sq Ft Home
  • 2-Story Property
  • Tray Ceiling
  • Vaulted Ceiling
  • Gas Fireplace
  • Entrance Foyer
  • Utility Room
  • Indoor Spa
  • Vinyl Flooring
  • Gulf Views

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Covered Patio or Porch

Schools

  • Franklin County Middle School
  • Franklin County High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Propane
  • Heat Pump System

Community Details

  • Bald Point Est Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / A
  • Assessor Parcel Number 12037-33-06S-01W-1030-000A-0020

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,054

Year Built

Built in 2024 | New Construction

Lot Details

1.1 Acres

Listing Details

  • Waterfront: Yes
  • Year Built: 2024
  • Directions: Turn onto Alligator Dr from Hwy 98, Turn Left onto Bald Point, Property on Right
  • Elementary School: OTHER COUNTY
  • High School: Franklin County High School
  • PropertySubType: Detached
  • PropertyType: Residential
  • Lot Size: 307x165x292x162
  • ResoRoadSurfaceType: Paved
  • Appliances: Dishwasher, Microwave, Refrigerator, Stove
  • Subdivision Name: Bald Point Est
  • Owner Name: McPherson & Ferrera
  • Architectural Style: Two Story, Traditional
  • General Property Information:Bathrooms Half: 1
  • Bedrooms: 4
  • ResoBuildingAreaSource: Other
  • Carport Y N: Yes
  • ResoFireplaceFeatures: Gas
  • Fireplace: Yes
  • Reso Interior Features: Tray Ceiling(s), High Ceilings, Hot Tub/Spa, Stall Shower, Vaulted Ceiling(s), Entrance Foyer, Pantry, Upper Level Primary, Walk-In Closet(s)
  • New Construction: Yes
  • Reso Parking Features: Carport, Three or more Spaces
  • Reso Patio And Porch Features: Covered, Porch
  • Property Attached Yn: No
  • Reso Room Type: Foyer, Other, Pantry, Utility Room
  • Building Stories: 2
  • PropertySubTypeAdditional: Detached,Single Family Residence
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Flooring: Plank, Vinyl
  • Full Bathrooms: 4
  • Living Area: 2769.0

Exterior Features

  • View: Gulf, Trees/Woods
  • Acres: 1.1
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Gulf
  • Disclosures: Owner Is Listing Agent
  • Home Warranty: No
  • Construction Materials: Fiber Cement
  • Property Condition: New Construction

Garage/Parking

  • Carport Spaces: 3.0

Utilities

  • Heating: Central, Electric, Fireplace(s), Heat Pump, Propane
  • Cooling: Central Air, Ceiling Fan(s), Electric, Heat Pump
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Franklin County Middle School

Lot Info

  • Parcel Number: 12037-33-06S-01W-1030-000A-0020

Tax Info

  • Tax Annual Amount: 3054.0
  • Tax Block: A
  • 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 12, 2025
Closed on
Jul 2, 2025
Sold by
Bought by
Seller's Agent
Sandy Ferrera
All County Suncoast Property
Buyer's Agent
Sarah Hundley
Keller Williams Town & Country
List Price
$1,595,000
Sold Price
$1,549,000
Premium/Discount to List
-$46,000
-2.88%
Views
6
Current Estimated Value
$1,430,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$118,735
Avg. Annual Appreciation
-6.81%
Original Mortgage
$1,316,650
Outstanding Balance
$1,303,907
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$126,358

Purchase Details

Closed on
Nov 6, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.08%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 31, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.08%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 16, 2024
Sold by
Bought by

Purchase Details

Closed on
Aug 16, 2023
Sold by
Bought by

Purchase Details

Listed on
Oct 20, 2021
Closed on
Apr 22, 2022
Sold by
Bought by
Seller's Agent
Kelley Anne Waters
Coastwise Realty
Buyer's Agent
Kelley Anne Waters
Coastwise Realty
List Price
$385,000
Sold Price
$369,000
Premium/Discount to List
-$16,000
-4.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.74%

Purchase Details

Closed on
Feb 17, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 31, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
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
$1,549,000 Hayward Title Group
$100 None Listed On Document
$100 None Listed On Document
$100 North Florida Abstract & Title
$100 None Listed On Document
$369,000 North Florida Abstract & Title
-- None Available
$810,000 Wakulla Ttitle Company Inc
$810,000 Wakulla Title Co 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 $1,316,650
Previous Owner $250,000
Previous Owner $800,000
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 Prior Sale
07/02/2025 07/02/25 Sold $1,549,000 -2.9% $559 / Sq Ft
06/03/2025 06/03/25 Pending -- -- --
05/12/2025 05/12/25 For Sale $1,595,000 +332.2% $576 / Sq Ft
04/22/2022 04/22/22 Sold $369,000 -4.2% -- View Prior Sale
04/18/2022 04/18/22 Pending -- -- --
10/25/2021 10/25/21 For Sale $385,000 -- --
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 $3,019 $325,000 $325,000
2024 $3,055 $325,000 $325,000
2023 $3,031 $310,000 $310,000 $0
2021 $1,478 $140,000 $140,000 $0
2020 $1,573 $140,000 $140,000 $0
2019 $1,558 $135,000 $135,000 $0
2018 $1,654 $135,000 $0 $0
2017 $1,647 $135,000 $0 $0
2016 $1,633 $135,000 $0 $0
2015 $1,640 $135,000 $0 $0
2014 $1,657 $135,000 $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: 385838

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

APN: 33-06S-01W-1030-000A-0020

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