Breathtaking Gulf views and coastal charm await at this light-filled retreat along Florida’s sought-after Forgotten Coast. From dolphins playing in the surf to pelicans diving for their next catch and sea turtles nesting along the shoreline, this home offers a true front-row seat to nature’s beauty. Step inside through a welcoming foyer into a bright, open living space featuring floor-to-ceiling windows that perfectly frame spectacular sunrises and sunsets over the water. Fresh interior and exterior paint, along with newly refinished floors, create a clean, coastal feel throughout. Enjoy gentle sea breezes and endless ocean vistas from the expansive deck and ceiling to floor windows—ideal for entertaining, relaxing, or simply soaking in the peaceful surroundings. The updated kitchen offers bar seating and a spacious dining area, perfect for everything from casual breakfasts to evening gatherings after a day on the beach. A rare coastal convenience, the property includes a private, fenced boat or RV parking area complete with 50A/120V full hook-up, pump-out, and water access. Recent upgrades, including HVAC (2024), roof (2022), water heater (2020), and new hardie board installed under the home to provide peace of mind for years to come. Whether you're searching for an income-producing vacation rental, a relaxing second home, or your own full-time coastal escape, this property delivers. Come experience the tranquility, charm, and unforgettable views of this coastal cottage—where every sunrise and sunset feels like your own private paradise.
For sale
$799,900
1171 Alligator Dr, Panacea, FL 32346
3beds
1,376sqft
Single Family Residence
Built in 1982
0.45 Acres Lot
$753,500 Zestimate®
$581/sqft
$-- HOA
What's special
Clean coastal feel throughoutFloor-to-ceiling windowsBreathtaking gulf viewsExpansive deckCeiling to floor windowsLight-filled retreatBright open living space
- 151 days
- 990
- 83
Zillow last checked:
Listing updated:
Listed by:
Katherine Searcy 850-766-1444,
The Naumann Group Real Estate
Source: TBR,MLS#: 398186
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Foyer, Pantry, Sunroom, Utility Room
Primary bedroom
- Dimensions: 13x12
Bedroom 2
- Dimensions: 12x10
Bedroom 3
- Dimensions: 10x9
Dining room
- Dimensions: 12x16
Family room
- Dimensions: 12x16
Kitchen
- Dimensions: 12x12
Living room
- Dimensions: 0x0
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Stove, Washer
Features
- Tray Ceiling(s), High Ceilings, Stall Shower, Vaulted Ceiling(s), Window Treatments, Entrance Foyer, Primary Downstairs, Pantry, Sun Room
- Flooring: Hardwood, Tile
- Has fireplace: Yes
Interior area
- Total structure area: 1,376
- Total interior livable area: 1,376 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport, Driveway, Two Spaces
- Carport spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Deck
- Fencing: Partial
- Has view: Yes
- View description: Gulf
- Has water view: Yes
- Water view: Gulf
- Waterfront features: Gulf
Lot
- Size: 0.45 Acres
Details
- Parcel number: 120370507S01W103200000290
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage,One Story,Two Story,Traditional
- Property subtype: Single Family Residence
Materials
- Fiber Cement, Vinyl Siding
Condition
- Year built: 1982
Utilities & green energy
- Sewer: Septic Tank
Community & HOA
Community
- Subdivision: HOLIDAY BEACH UNIT 2
Location
- Region: Panacea
Financial & listing details
- Price per square foot: $581/sqft
- Tax assessed value: $823,356
- Annual tax amount: $5,653
- Date on market: 4/5/2026
- Cumulative days on market: 152 days
- Listing terms: Cash,Conventional,VA Loan
- Road surface type: Paved
Estimated market value
$753,500
$716,000 - $791,000
$3,243/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Price change | $799,900-15.8%$581/sqft |
Source: | ||
| 4/6/2026 | Listed for sale | $949,900+11.8%$690/sqft |
Source: | ||
| 1/2/2026 | Listing removed | $849,900$618/sqft |
Source: | ||
| 12/3/2025 | Listed for sale | $849,900-5.6%$618/sqft |
Source: | ||
| 12/1/2025 | Listing removed | $899,875$654/sqft |
Source: | ||
| 11/1/2025 | Listed for sale | $899,8750%$654/sqft |
Source: | ||
| 10/31/2025 | Listing removed | $899,900$654/sqft |
Source: | ||
| 8/19/2025 | Listed for sale | $899,900-5.3%$654/sqft |
Source: | ||
| 8/13/2025 | Listing removed | $949,900$690/sqft |
Source: | ||
| 7/6/2025 | Price change | $949,900-4.5%$690/sqft |
Source: | ||
| 5/10/2025 | Listed for sale | $995,000-5.2%$723/sqft |
Source: | ||
| 5/6/2025 | Listing removed | $1,050,000$763/sqft |
Source: | ||
| 3/6/2025 | Listed for sale | $1,050,000-4.5%$763/sqft |
Source: | ||
| 3/1/2025 | Listing removed | $1,100,000$799/sqft |
Source: | ||
| 2/1/2025 | Listed for sale | $1,100,000$799/sqft |
Source: | ||
| 1/29/2025 | Listing removed | $1,100,000$799/sqft |
Source: | ||
| 9/5/2024 | Listed for sale | $1,100,000+20.9%$799/sqft |
Source: | ||
| 8/28/2023 | Sold | $910,000-1.6%$661/sqft |
Source: | ||
| 6/23/2023 | Contingent | $925,000$672/sqft |
Source: | ||
| 1/26/2023 | Listed for sale | $925,000+15.8%$672/sqft |
Source: | ||
| 5/10/2022 | Sold | $799,000+52.2%$581/sqft |
Source: | ||
| 8/5/2020 | Listing removed | $525,000$382/sqft |
Source: Harbor Point Realty (AP) #321213 Report a problem | ||
| 7/17/2020 | Listed for sale | $525,000+31.3%$382/sqft |
Source: Harbor Point Realty (AP) #321213 Report a problem | ||
| 4/1/2016 | Sold | $400,000-6.8%$291/sqft |
Source: Public Record Report a problem | ||
| 2/24/2016 | Pending sale | $429,000$312/sqft |
Source: HARBOR POINT REALTY #255988 Report a problem | ||
| 2/12/2016 | Listed for sale | $429,000$312/sqft |
Source: Harbor Point Realty (AP) #265980 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,920 +57.8% | $823,356 +65.8% |
| 2023 | $5,653 +8.4% | $496,454 +11.5% |
| 2022 | $5,216 -0.5% | $445,131 +8.7% |
| 2021 | $5,243 -0.3% | $409,540 +10% |
| 2020 | $5,260 | $372,309 -13.5% |
| 2019 | $5,260 +12.1% | $430,652 +20.8% |
| 2018 | $4,691 +7.9% | $356,632 +12.2% |
| 2017 | $4,345 | $317,752 +25% |
| 2016 | $4,345 +15.6% | $254,293 +4% |
| 2015 | $3,758 +1.8% | $244,573 -0.2% |
| 2014 | $3,691 | $245,029 -9.2% |
| 2013 | -- | $269,785 +5.7% |
| 2012 | -- | $255,272 -22.4% |
| 2011 | -- | $328,856 -0.2% |
| 2010 | -- | $329,540 -19.2% |
| 2009 | -- | $407,984 -30.2% |
| 2008 | -- | $584,173 -0.5% |
| 2007 | -- | $587,137 -1% |
| 2006 | -- | $593,350 +4.4% |
| 2005 | -- | $568,498 +57.4% |
| 2004 | -- | $361,204 +124.3% |
| 2003 | -- | $161,064 +55.4% |
| 2002 | -- | $103,623 |
| 2001 | -- | $103,623 +10.3% |
| 2000 | -- | $93,980 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 32346
Nearby schools
Schools provided by the listing agent
- Middle: Franklin County Middle School
- High: Franklin County High School
Source: TBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






