1141 Alligator Dr, Panacea, FL 32346

What does a true Gulf-front home in Alligator Point offer? Panoramic Views, Short walk thru white sand to your own stretch of beach and surf fishing! This 3 bedroom, 2.5 bath beachfront home in the Holiday Beach subdivision sits on 77 feet of direct Gulf frontage with wide, open water views. Built in 1979 and recently renovated throughout most of the home, it offers 1,728 square feet on a 0.48 acre lot with short-term rental eligibility and no HOA. Inside, the open floor plan connects the living room, family room, and kitchen into one continuous gathering space oriented toward the water. Large windows frame Gulf views, and light-toned flooring and updated finishes create a clean, coastal interior. Beamed ceilings, split bedroom layout, renovated bathrooms, and a converted garage add functionality. The kitchen remains an opportunity for customization, and the seller is open to negotiation toward updates. Furnishings are negotiable. The home is constructed on pilings with vinyl siding and a shingle roof. Utilities include public water, septic sewer, central electric heating and cooling, cable and electricity connected. Immediate occupancy is available, and the property is currently on Air BnB. Zoning is Residential Single Family with short-term rentals allowed, offering flexibility for personal use or income strategy. Outdoor features include an expansive beachfront deck, grassy dune frontage, and a direct pathway to the beach. The lot measures approximately 77 by 263 feet with driveway parking for many vehicles and room for the boat! There is no pool (yet) and no association fee. Located in East Franklin County, Alligator Point is known for boating, fishing, and a marina-centered coastal setting. The area is primarily residential with a laid-back Gulf environment and limited commercial development. This property offers direct beach access, Gulf views, and the option to enjoy as a private second home or evaluate for rental performance.