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For sale
    • Price cut: $15K (6/3)
    $825,000

    1651 Alligator Dr, Panacea, FL 32346

    2beds
    1,200sqft
    : 
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    Single Family Residence
    Built in 1976
    0.46 Acres Lot
    $-- Zestimate®
    $688/sqft
    $-- HOA

    What's special

    Outdoor shower
    Costal Cottage Retreat on Alligator Point - Steps from the Marina Discover the charm of costal living on Florida's Forgotten Coast with this beautifully designed 2 bedroom, 2 bath cottage built by Bloc Smith, Ajax Construction. Positioned directly across the street from the full service marina (34 wet slips and 100+ dry storage)--Dock your Boat and Walk Home! Inside, the open concept living space creates a bright and airy feel, seamlessly blending comfort and functionality. The full screened porch extends your living area outdoors, leading to a spacious deck where you can take in breathtaking sunsets over the Gulf. Most furniture, linens and dishes remain. New HVAC system with Mini-Split added Dec. 2025 The ground level features a paved entertainment area ideal for shrimp boils, cookouts, and gatherings with friends and family. After a day fishing or on the beach, freshen in the outdoor shower. The fenced and gated property ensures both privacy and security, making it a true coastal retreat. Whether you are looking for a weekend getaway, vacation rental or full time residence, this Alligator Point cottage is a rare find in one of North Florida's most serene communities. Don't miss your chance to own a slice of paradise. Agent is related to the owner
    360 days
    |
    327
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Mike Taggart 850-545-2559,

    Armor Realty, Inc

    Source: TBR,MLS#: 381439MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Screened Porch, Utility Room
      Primary bedroom
      • Dimensions: 24x12
      Bedroom 2
      • Dimensions: 24x12
      Dining room
      • Dimensions: 0
      Family room
      • Dimensions: 30x20
      Kitchen
      • Dimensions: 20x8
      Living room
      • Dimensions: na
      Heating
      • Electric, Heat Pump
      Cooling
      • Central Air, Ceiling Fan(s), Ductless, Electric, Wall/Window Unit(s)
      Appliances
      • Included: Dryer, Dishwasher, Ice Maker, Microwave, Oven, Range, Refrigerator, Washer
      Features
      • Stall Shower, Window Treatments
      • Flooring: Laminate, Vinyl
      • Has fireplace: No
      Interior area
      • Total structure area: 1,200
      • Total interior livable area: 1,200 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Carport, Two Spaces, Gated
      • Carport spaces: 2
      Features
      • Stories: 1
      • Patio & porch: Deck, Porch, Screened
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      • Waterfront features: Gulf
      Lot
      • Size: 0.46 Acres
      • Dimensions: 101 x 199 x 99 x 209
      Details
      • Parcel number: 120370307S02W101000000510
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cottage,One Story
      • Property subtype: Single Family Residence
      Materials
      • Vinyl Siding
      Condition
      • Year built: 1976

      Utilities & green energy

      • Sewer: Septic Tank

      Community & HOA

      Community
      • Subdivision: na
      Location
      • Region: Panacea

      Financial & listing details

      • Price per square foot: $688/sqft
      • Tax assessed value: $521,693
      • Annual tax amount: $5,800
      • Date on market: 2/2/2025
      • Cumulative days on market: 457 days
      • Listing terms: Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/3/2026Price change$825,000-1.8%$688/sqft
        Source: TBR #381439 Report a problem
        7/25/2025Listed for sale$840,000-4%$700/sqft
        Source: TBR #381439 Report a problem
        5/9/2025Listing removed$875,000$729/sqft
        Source: TBR #381439 Report a problem
        4/3/2025Price change$875,000-2.2%$729/sqft
        Source: TBR #381439 Report a problem
        2/2/2025Listed for sale$895,000+15615.5%$746/sqft
        Source: TBR #381439 Report a problem
        7/1/1990Sold$5,695$5/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$5,624 +5.9%$512,184 +10%
        2023$5,308 +0.8%$465,622 +4.6%
        2022$5,265 +0.3%$445,174 +10%
        2021$5,250 -1.2%$404,704 +10%
        2020$5,316 $367,913 -5.6%
        2019$5,316 +18%$389,911 +18%
        2018$4,505 +6.9%$330,488 +10.1%
        2017$4,214 $300,188 +19.7%
        2016$4,214 +13.7%$250,780 +4.2%
        2015$3,708 +2.1%$240,680 -0.2%
        2014$3,633 $241,094 -9.6%
        2013-- $266,759 +6.1%
        2012-- $251,514 -23.2%
        2011-- $327,678 -0.1%
        2010-- $328,093 -19.8%
        2009-- $409,307 -45.2%
        2008-- $746,467 -11%
        2007-- $838,936 -0.6%
        2006-- $844,271 +2.6%
        2005-- $822,930 +110.7%
        2004-- $390,565 +221.8%
        2003-- $121,369 +0.9%
        2002-- $120,271
        2001-- $120,271 -2.6%
        2000-- $123,446
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 32346

        Getting around

        7 / 100
        Car-Dependent
        27 / 100
        Somewhat Bikeable

        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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