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Sold for $225,000
  • $225,000

    1509 Coastal Hwy, Panacea, FL 32346

    2beds
    1,320sqft
    Single Family Residence
    Built in 1940
    9,147 Square Feet Lot
    $231,900 Zestimate®
    $170/sqft
    $1,850 Estimated rent

    Home value

    $231,900

    $190,000 - $283,000

    $1,850/mo

    Zestimate® history
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    What's special

    Private entranceCozy bedroomsMetal roofShaded spotAbove-ground poolExpansive back deckVersatile third room
    Discover the allure of coastal living with this charming 1940's residence, recently re-zoned and nestled in the heart of Panacea. This unique property boasts two cozy bedrooms and 1.5 baths, complimented by a versatile third room, currently repurposed as a spacious laundry area with ample storage. Each bedroom has a private entrance, decently sized closet, and entrance to the jack and jill style bathroom. The storage shed out back is perfect for outdoor enthusiasts to store kayaks, while the convenient lean-to offers a shaded spot for cleaning the day's catch at the cleaning station. Just across the street, Posey's Up the Creek awaits to transform your fresh fish into a delightful meal. Privacy is a priority with a partially fenced backyard, where you can enjoy leisurely afternoons in the above-ground pool. Mornings are a delight on the screened-in front porch, and the expansive back deck is ideal for hosting memorable barbecues. Accessibility is effortless with multiple entrances and a handicap ramp, ensuring comfort for all of your guests! Holding over 60 feet of prime coastal highway frontage, the possibilities for this home are endless. Metal roof, tankless hot water heater, updated electrical, and located mere seconds from the water's edge and nature trail, this property is perfect for those seeking a peaceful homestead or weekend hideaway. All measurements and zoning requirements to be verified by buyer.

    Zillow last checked:

    Listing updated:

    Listed by:

    Erica Hailee Cochran 850-694-3489,

    Southern Oaks Real Estate

    Bought with:

    Erica Hailee Cochran, 3392047

    Southern Oaks Real Estate

    Source: TBR,MLS#: 378360MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Screened Porch, Utility Room
    Primary bedroom
    • Dimensions: 13x16
    Bedroom 2
    • Dimensions: 11x13
    Dining room
    • Dimensions: 0x0
    Family room
    • Dimensions: 30x16
    Kitchen
    • Dimensions: 12x9
    Living room
    • Dimensions: 0x0
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dryer, Dishwasher, Oven, Range, Washer
    Features
    • Flooring: Hardwood, Tile
    • Has fireplace: No
    Interior area
    • Total structure area: 1,320
    • Total interior livable area: 1,320 sqft

    Property

    Parking
    • Parking features: Driveway, Parking Space(s)
    • Has uncovered spaces: Yes
    Features
    • Stories: 1
    • Patio & porch: Deck, Porch, Screened
    • Pool features: Above Ground
    • Has view: Yes
    • View description: None
    Lot
    • Size: 9,147 Square Feet
    • Dimensions: 63 x 151 x 63 x 151
    Details
    • Parcel number: 12129245S02W05703077000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cottage,One Story
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    Condition
    • Year built: 1940

    Utilities & green energy

    • Sewer: Public Sewer

    Community & HOA

    Community
    • Features: Street Lights, Sidewalks
    • Subdivision: PANACEA MINERAL SPRINGS
    Location
    • Region: Panacea

    Financial & listing details

    • Price per square foot: $170/sqft
    • Tax assessed value: $61,525
    • Annual tax amount: $964
    • Date on market: 10/24/2024
    • Cumulative days on market: 100 days
    • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
    • Road surface type: Paved

    Price history

    DateEventPrice
    3/11/2025Sold$225,000-10%$170/sqft
    Source: TBR #378360 Report a problem
    2/2/2025Contingent$250,000$189/sqft
    Source: TBR #378360 Report a problem
    10/29/2024Listed for sale$250,000+900%$189/sqft
    Source: TBR #378360 Report a problem
    1/11/2019Sold$25,000-77.1%$19/sqft
    Source: Public Record Report a problem
    9/13/2018Pending sale$109,000$83/sqft
    Source: Harbor Point Realty (AP) #284984 Report a problem
    4/2/2018Listed for sale$109,000+51.4%$83/sqft
    Source: Harbor Point Realty (AP) #284984 Report a problem
    5/1/2017Sold$72,000+60%$55/sqft
    Source: Public Record Report a problem
    3/22/2000Sold$45,000$34/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$817 +5.7%$50,493 +2.7%
    2024$773 -19.8%$49,183 -23%
    2023$964 +51.4%$63,867 +141.4%
    2022$637 +5.6%$26,461 +11.1%
    2021$603 +0.5%$23,820 -0.2%
    2020$600 $23,867 -0.2%
    2019$600 -1.8%$23,918 -0.2%
    2018$611 $23,974 -0.2%
    2017$611 $24,030 +6.5%
    2016$611 +19%$22,553 -0.3%
    2015$514 $22,612 -0.3%
    2014$514 $22,671 +0.1%
    2013-- $22,646 -4.4%
    2012-- $23,684 -68.5%
    2006-- $75,225 +3.2%
    2005-- $72,882 +91.4%
    2004-- $38,076 -1.5%
    2003-- $38,656 -0.4%
    2002-- $38,823 -1.4%
    2001-- $39,377 +28.7%
    2000-- $30,596
    Find assessor info on the county website

    Neighborhood: 32346

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: MEDART
    • Middle: WAKULLA
    • High: WAKULLA

    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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    $236,538