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Sold for $1,400,000
  • $1,400,000

    1573 Alligator Dr, Panacea, FL 32346

    7beds
    3,462sqft
    Single Family Residence
    Built in 2006
    0.62 Acres Lot
    $1,620,900 Zestimate®
    $404/sqft
    $4,965 Estimated rent

    Home value

    $1,620,900

    $1.54M - $1.70M

    $4,965/mo

    Zestimate® history
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    What's special

    Gulf-front livingTwo separate living levelsBay frontage
    Rare beach-to-bay property on Florida’s beautiful Forgotten Coast! Enjoy Gulf-front living with multiple decks perfect for watching spectacular sunrises and sunsets, plus the bonus of bay frontage and convenient access for boating and fishing. This unique 7-bedroom, 4-bath home offers incredible flexibility with two separate living levels. The second floor features 3 bedrooms and 2 baths, while the top floor offers 4 bedrooms and 2 baths. Use the levels separately for two families or parties, or combine them for larger groups and family gatherings. With a fantastic rental history, this property offers both an exceptional vacation home and an attractive income-producing opportunity. Enjoy the laid-back lifestyle of Alligator Point— beaches, boating, fishing, kayaking and easy access to the charming communities of Carrabelle, St. George Island and Apalachicola.

    Zillow last checked:

    Listing updated:

    Listed by:

    Katherine Searcy 850-766-1444,

    The Naumann Group Real Estate

    Bought with:

    Sara Noel Proctor, 3325413

    The Naumann Group Real Estate

    Source: TBR,MLS#: 404139MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 4
    Rooms
    • Room types: Foyer, Other, Screened Porch, Utility Room
    Primary bedroom
    • Dimensions: 16x12
    Bedroom 2
    • Dimensions: 16x10
    Bedroom 3
    • Dimensions: 16x13
    Bedroom 4
    • Dimensions: 16x12
    Bedroom 5
    • Dimensions: 12x13
    Dining room
    • Dimensions: 10x13
    Family room
    • Dimensions: 13x10
    Kitchen
    • Dimensions: 15x17
    Living room
    • Dimensions: 20x17
    Other
    • Dimensions: 12x11
    Heating
    • Central, Electric, Fireplace(s)
    Cooling
    • Central Air, Ceiling Fan(s), Electric
    Appliances
    • Included: Dryer, Dishwasher, Ice Maker, Microwave, Oven, Range, Refrigerator, Washer
    Features
    • Stall Shower, Window Treatments, Entrance Foyer, Primary Downstairs, Split Bedrooms, Upper Level Primary, Walk-In Closet(s)
    • Flooring: Hardwood
    • Has fireplace: Yes
    • Fireplace features: Gas
    Interior area
    • Total structure area: 3,462
    • Total interior livable area: 3,462 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Carport, Three or more Spaces
    • Carport spaces: 3
    Features
    • Stories: 2
    • Patio & porch: Covered, Deck, Patio, Porch, Screened
    • Has view: Yes
    • View description: Bay, Gulf
    • Has water view: Yes
    • Water view: Bay,Gulf
    • Waterfront features: Bay Access, Gulf
    Lot
    • Size: 0.62 Acres
    Details
    • Parcel number: 120370307S02W101000000120
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Two Story,Traditional
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    Condition
    • Year built: 2006

    Utilities & green energy

    • Sewer: Septic Tank

    Community & HOA

    Community
    • Subdivision: -
    Location
    • Region: Panacea

    Financial & listing details

    • Price per square foot: $404/sqft
    • Tax assessed value: $1,269,411
    • Annual tax amount: $14,351
    • Date on market: 8/21/2026
    • Cumulative days on market: 33 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    9/23/2026Sold$1,400,000-15.2%$404/sqft
    Source: TBR #404139 Report a problem
    8/26/2026Contingent$1,650,000$477/sqft
    Source: TBR #404139 Report a problem
    8/26/2026Listed for sale$1,650,000-17.5%$477/sqft
    Source: TBR #404139 Report a problem
    5/10/2026Listing removed$1,999,000$577/sqft
    Source: TBR #385695 Report a problem
    6/2/2025Price change$1,999,000-11.2%$577/sqft
    Source: TBR #385695 Report a problem
    5/9/2025Listed for sale$2,250,000$650/sqft
    Source: TBR #385695 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$13,066 +8.6%$1,173,138 +10%
    2023$12,036 +0.9%$1,066,489 +3.7%
    2022$11,930 -0.6%$1,028,812 +6.9%
    2021$12,001 -1.3%$962,385 +10%
    2020$12,161 $874,895 +10%
    2019$12,161 +40.9%$795,359 +23.5%
    2018$8,633 +0.4%$643,872 +2.1%
    2017$8,595 $630,629 +2.1%
    2016$8,595 +2.2%$617,658 +0.5%
    2015$8,409 -2.1%$614,364 -0.8%
    2014$8,585 $619,190 -4.5%
    2013-- $648,149 +1.7%
    2012-- $637,331 -14.2%
    2011-- $742,441 -0.5%
    2010-- $746,301 -9.8%
    2009-- $827,279 -27.3%
    2008-- $1,137,581 -21.8%
    2007-- $1,455,327
    Find assessor info on the county website

    Neighborhood: 32346

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
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    $1,620,900
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    With Zillow Showcase(estimated)

    $1,653,318

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,620,900
    2% more
    +$32,418
    With Zillow Showcase(estimated)

    $1,653,318