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Sold for $1,050,000
  • $1,050,000

    1493 Alligator Dr, Panacea, FL 32346

    3beds
    1,846sqft
    Single Family Residence
    Built in 1955
    0.36 Acres Lot
    $1,058,000 Zestimate®
    $569/sqft
    $2,805 Estimated rent

    Home value

    $1,058,000

    Estimated sales range

    Not available

    $2,805/mo

    Zestimate® history
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    What's special

    Meticulously renovated homeModern amenityStructural spray foam insulationExterior surveillance camerasGrowing beachGulf-front residenceSafest highest-elevation beach lots
    Welcome to 1493 Alligator Drive, a truly exceptional Gulf-front residence on Alligator Point. This one-of-a-kind home is nestled on one of the safest, highest-elevation beach lots, offering unparalleled peace of mind with its rare 17-foot+- elevation at the lowest floor and a growing beach. The property stands out as one of the smartest choices for Gulf-front living, especially when it comes to storm resilience and beach erosion. This meticulously renovated home underwent a complete custom transformation, down to the studs, ensuring it meets the highest standards of both aesthetics and functionality. The home showcases extensive use of luxurious, high-end finishes, making it not only a comfortable retreat but also a statement of historical craftsmanship. The exterior has been carefully restored to feature its original cypress post-and-beam structure, maintaining the charm of its coastal roots. Inside, no detail was overlooked. All-new electrical, plumbing, windows, and doors were installed. A lavish use of marble, slate, and limestone throughout the home adds a timeless elegance. The bathrooms feature premium Kohler sinks and soaking tubs, high-end fixtures, and a spa-inspired shower. The home is insulated with structural spray foam insulation, ensuring energy efficiency and comfort year-round. The heart of the home is the impressive sunroom, offering sweeping panoramic views of the Gulf, making it the perfect spot to relax and take in the breathtaking surroundings. Whether you're watching the waves roll in or simply enjoying the serene atmosphere, this sunroom will quickly become a favorite gathering place. The kitchen is a chef’s dream, featuring maple-lined cabinets and sleek quartz countertops, complemented by top-of-the-line appliances. A spacious laundry room and pantry offer abundant storage and convenience for everyday living. Outdoors, you'll find an oversized deck perfect for entertaining, with a dedicated privacy area off the master suite, creating multiple spaces to unwind while overlooking the stunning Gulf views. Security is top-notch with exterior surveillance cameras and motion lighting surrounding the property for peace of mind day or night. With a new heat pump and water heater, along with every modern amenity imaginable, this home is designed for comfort, luxury, and longevity. Experience the best of Gulf-front living with a blend of tranquility, safety, and high-end elegance at 1493 Alligator Drive. This property is truly a gem—there’s nothing else on the market that compares in terms of security, style, and long-term value. Don't miss your chance to call this spectacular home your own!

    Zillow last checked:

    Listing updated:

    Listed by:

    Bert S Pope 850-933-2378,

    Bert Pope Realty, LLC

    Bought with:

    Kathy Chitty, 3508457

    Ketcham Realty Group, Inc.

    Source: TBR,MLS#: 383969MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Foyer, Other, Pantry, Recreation, Screened Porch, Utility Room
    Primary bedroom
    • Dimensions: 11x16
    Bedroom 2
    • Dimensions: 11x15
    Bedroom 3
    • Dimensions: 11x14
    Dining room
    • Dimensions: 11x26
    Family room
    • Dimensions: 0x0
    Kitchen
    • Dimensions: 11x14
    Living room
    • Dimensions: 16x20
    Other
    • Dimensions: 11x26
    Heating
    • Central, Electric, Heat Pump
    Cooling
    • Central Air, Ceiling Fan(s), Electric
    Appliances
    • Included: Dryer, Dishwasher, Ice Maker, Microwave, Oven, Range, Refrigerator, Washer
    Features
    • Stall Shower, Entrance Foyer, Pantry, Walk-In Closet(s)
    • Flooring: Hardwood, Marble, Tile
    • Has fireplace: No
    Interior area
    • Total structure area: 1,846
    • Total interior livable area: 1,846 sqft

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Features
    • Stories: 1
    • Patio & porch: Deck, Porch, Screened
    • Has view: Yes
    • View description: Bay, Gulf
    • Has water view: Yes
    • Water view: Bay,Gulf
    • Waterfront features: Gulf
    Lot
    • Size: 0.36 Acres
    Details
    • Parcel number: 120370607S01W1042000H0030
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cottage,Craftsman,One Story,Traditional
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    Condition
    • Year built: 1955

    Community & HOA

    Community
    • Security: Security System Owned
    • Subdivision: PENN POINT
    Location
    • Region: Panacea

    Financial & listing details

    • Price per square foot: $569/sqft
    • Tax assessed value: $495,464
    • Annual tax amount: $5,166
    • Date on market: 4/2/2025
    • Cumulative days on market: 280 days
    • Listing terms: Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    1/7/2026Sold$1,050,000-4.3%$569/sqft
    Source: TBR #383969 Report a problem
    11/8/2025Contingent$1,097,000$594/sqft
    Source: TBR #383969 Report a problem
    10/14/2025Price change$1,097,000-4.5%$594/sqft
    Source: TBR #383969 Report a problem
    8/15/2025Price change$1,149,000-3.8%$622/sqft
    Source: TBR #383969 Report a problem
    6/23/2025Price change$1,195,000-4.4%$647/sqft
    Source: TBR #383969 Report a problem
    4/9/2025Listed for sale$1,250,000+189.4%$677/sqft
    Source: TBR #383969 Report a problem
    6/18/2018Sold$432,000-9.1%$234/sqft
    Source: TBR #283373 Report a problem
    5/9/2018Pending sale$475,000$257/sqft
    Source: Harbor Point Realty (AP) #283373 Report a problem
    4/13/2018Price change$475,000-4.8%$257/sqft
    Source: Harbor Point Realty (AP) #283373 Report a problem
    12/4/2017Price change$499,000-7.6%$270/sqft
    Source: Harbor Point Realty (AP) #283373 Report a problem
    8/17/2017Price change$540,000-9.8%$293/sqft
    Source: Harbor Point Realty (AP) #283373 Report a problem
    7/5/2017Listed for sale$599,000+1.5%$324/sqft
    Source: Harbor Point Realty (AP) #283373 Report a problem
    2/28/2015Listing removed$590,000$320/sqft
    Source: Killearn Lakes Realty #232456 Report a problem
    11/14/2013Price change$590,000-5.6%$320/sqft
    Source: Killearn Lakes Realty #232456 Report a problem
    3/3/2013Listed for sale$625,000$339/sqft
    Source: Killearn Lakes Realty #232456 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,166 +5.9%$459,182 +10%
    2023$4,877 +8.3%$417,438 +10%
    2022$4,505 +0.2%$379,489 +10%
    2021$4,494 +4.5%$344,990 +10%
    2020$4,298 $313,627 -1.1%
    2019$4,298 +16%$317,168 +22.3%
    2018$3,707 +6.3%$259,257 +10%
    2017$3,488 $235,632 +8.6%
    2016$3,488 +8.3%$217,059 +3.8%
    2015$3,222 +1.5%$209,184 -0.3%
    2014$3,173 $209,741 -8.8%
    2013-- $229,987 +5.7%
    2012-- $217,636 -21.5%
    2011-- $277,257 -0.2%
    2010-- $277,814 -18.6%
    2009-- $341,371 -41.3%
    2008-- $581,686 +13.1%
    2007-- $514,162 -1.2%
    2006-- $520,449 +5.1%
    2005-- $495,305 +41.3%
    2004-- $350,553 +241.5%
    2003-- $102,647 +1.3%
    2002-- $101,361 +4.5%
    2001-- $97,003 -3.3%
    2000-- $100,267
    Find assessor info on the county website

    Neighborhood: 32346

    Nearby schools

    GreatSchools rating
    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.

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