Blending modern updates with timeless coastal charm, this home is truly move-in ready. A rare opportunity to own direct Gulf frontage on Florida’s Forgotten Coast, natural beauty, and small-town tranquility create the ultimate coastal lifestyle. he details of this old Florida style coastal retreat has been thoughtfully updated from top to bottom—no surface left untouched. Nestled on a private lot directly on the Gulf of Mexico, the home offers rare sweeping water views from its spacious living area, gazebo, screened porch, deck, and multiple covered porches creating an unparalleled setting for relaxation and entertaining. A gated circular drive welcomes you to the property, complete with an oversized 2.car detached carport. Inside, the home is designed for comfort and flexibility, making it perfect for multigenerational living or guests. The downstairs level features a full 2BR/2BA suite with its own living room and kitchen, opening onto both a covered porch and a screened porch for effortless indoor-outdoor living. Upstairs, the living and dining space spans the entire level with spectacular views. You will love the custom millwork throughout featuring pecky cypress wood framing all of the windows, tongue and grove wall and ceiling detail, bead-board and so much more. The luxury owners suite offers a view of the bay, double walk in closets, double vanity and custom cabinetry. This is a must see home!
Sold for $1,795,000
$1,795,000
1667 Alligator Dr, Panacea, FL 32346
3beds
3,146sqft
Single Family Residence
Built in 1956
0.66 Acres Lot
$1,804,600 Zestimate®
$571/sqft
$3,251 Estimated rent
Home value
$1,804,600
Estimated sales range
Not available
$3,251/mo
Zestimate® history
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$11,238/mo
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List your homeWhat's special
Multigenerational livingCustom millworkCustom cabinetryMultiple covered porchesDirect gulf frontageSweeping water viewsScreened porch
Zillow last checked:
Listing updated:
Listed by:
Katherine Searcy 850-766-1444,
The Naumann Group Real Estate
Bought with:
Debbie Brett, 3294336
Keller Williams Town & Country
Source: TBR,MLS#: 390020
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Bonus Room, Office, Other, Screened Porch, Utility Room
Primary bedroom
- Dimensions: 13x13
Bedroom 2
- Dimensions: 12x17
Bedroom 3
- Dimensions: 12x14
Dining room
- Dimensions: 15x15
Family room
- Dimensions: 27x31
Kitchen
- Dimensions: 12x12
Living room
- Dimensions: 12x36
Other
- Dimensions: 12x17
Heating
- Central, Electric, Fireplace(s)
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dryer, Dishwasher, Disposal, Ice Maker, Microwave, Oven, Range, Refrigerator
Features
- High Ceilings, Stall Shower, Window Treatments, Primary Downstairs, Split Bedrooms, Walk-In Closet(s)
- Flooring: Engineered Hardwood, Tile
- Has fireplace: No
- Fireplace features: Electric
Interior area
- Total structure area: 3,146
- Total interior livable area: 3,146 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport, Two Spaces
- Carport spaces: 2
Features
- Stories: 2
- Patio & porch: Covered, Deck, Patio, Porch, Screened
- Exterior features: Sprinkler/Irrigation
- Has view: Yes
- View description: Bay, Gulf
- Has water view: Yes
- Water view: Bay,Gulf
- Waterfront features: Gulf
Lot
- Size: 0.66 Acres
Details
- Parcel number: 120370307S02W101000000590
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage,Two Story,Traditional
- Property subtype: Single Family Residence
Materials
- Block, Fiber Cement, Concrete, Stucco
- Foundation: Slab
Condition
- Year built: 1956
Utilities & green energy
- Sewer: Septic Tank
Community & HOA
Community
- Subdivision: ALLIGATOR POINT
Location
- Region: Panacea
Financial & listing details
- Price per square foot: $571/sqft
- Tax assessed value: $758,941
- Annual tax amount: $8,202
- Date on market: 8/15/2025
- Cumulative days on market: 55 days
- Listing terms: Cash,Conventional,1031 Exchange,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 10/27/2025 | Sold | $1,795,000-7.7%$571/sqft |
Source:  TBR #390020 Report a problem | ||
| 9/15/2025 | Contingent | $1,945,000$618/sqft |
Source: TBR #390020 Report a problem | ||
| 8/18/2025 | Listed for sale | $1,945,000+140.9%$618/sqft |
Source: TBR #390020 Report a problem | ||
| 6/24/2022 | Sold | $807,500-14.9%$257/sqft |
Source: TBR #346512 Report a problem | ||
| 6/12/2022 | Contingent | $949,000$302/sqft |
Source: TBR #346512 Report a problem | ||
| 5/24/2022 | Price change | $949,000-4%$302/sqft |
Source: TBR #346512 Report a problem | ||
| 2/18/2022 | Listed for sale | $989,000$314/sqft |
Source: TBR #339700 Report a problem | ||
| 2/16/2022 | Contingent | $989,000$314/sqft |
Source: TBR #339700 Report a problem | ||
| 12/7/2021 | Listed for sale | $989,000$314/sqft |
Source: TBR #339700 Report a problem | ||
| 12/4/2021 | Contingent | $989,000$314/sqft |
Source: TBR #339700 Report a problem | ||
| 11/23/2021 | Listed for sale | $989,000+73.5%$314/sqft |
Source: TBR #339700 Report a problem | ||
| 6/22/2016 | Sold | $570,000-4.8%$181/sqft |
Source: TBR #268265 Report a problem | ||
| 5/11/2016 | Pending sale | $599,000$190/sqft |
Source: Harbor Point Realty (AP) #268265 Report a problem | ||
| 4/12/2016 | Listed for sale | $599,000+71.1%$190/sqft |
Source: Harbor Point Realty (AP) #268265 Report a problem | ||
| 8/3/2000 | Sold | $350,000$111/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,202 +5.5% | $754,867 +10% |
| 2023 | $7,778 +6.5% | $686,243 +9.5% |
| 2022 | $7,304 -4.4% | $626,689 +1.4% |
| 2021 | $7,644 -1.8% | $617,844 +7.1% |
| 2020 | $7,781 | $576,948 +9.1% |
| 2019 | $7,781 +14.1% | $528,745 +10.9% |
| 2018 | $6,818 +7.5% | $476,816 +9.9% |
| 2017 | $6,343 | $433,893 +23.8% |
| 2016 | $6,343 +38.8% | $350,532 +0.7% |
| 2015 | $4,568 -1.3% | $348,095 -0.2% |
| 2014 | $4,627 | $348,936 -5.8% |
| 2013 | -- | $370,427 +1.7% |
| 2012 | -- | $364,235 -32.1% |
| 2011 | -- | $536,540 -0.2% |
| 2010 | -- | $537,381 -10% |
| 2009 | -- | $597,082 +0.1% |
| 2008 | -- | $596,486 +3% |
| 2007 | -- | $579,113 +2.5% |
| 2006 | -- | $564,988 +3% |
| 2005 | -- | $548,532 +3% |
| 2004 | -- | $532,555 +206.7% |
| 2003 | -- | $173,652 +13.3% |
| 2002 | -- | $153,278 +10% |
| 2001 | -- | $139,340 -2.5% |
| 2000 | -- | $142,917 |
Find assessor info on the county website
Neighborhood: 32346
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Nearby schools
GreatSchools rating
- 2/10Franklin County Schools Pk-12Grades: PK-12Distance: 25.5 mi
- NAFranklin Virtual Instruction ProgramGrades: K-12Distance: 29.5 mi
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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- Florida
- Franklin County
- Panacea
- 32346
- 1667 Alligator Dr
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