Step back in time and soak up the coastal charm of this beautifully preserved 1950s beach cottage, perfectly nestled along Florida’s “Forgotten Coast.” Privately situated on a rare beach-to-bay lot almost to the end of Alligator Point, this property offers the best of both worlds — white-sand beaches on one side and a bay front parcel across the street for extra privacy. Relax on the expansive screened porch as you listen to the soothing sounds of the surf, watch the dolphins play, spend the day playing in the sand, OR hop on your boat for a quick ride to Dog Island, Ochlockonee Shoals, Turkey Point, or Dog Island Reef. The Alligator Point Marina and Tiki Hut are just a short walk away, adding convenience and a touch of local fun to your days on the coast. Inside, this delightful cottage exudes character and warmth, with exposed wood beams, gleaming hardwood floors, and breathtaking water views from nearly every window. The inviting open-concept living area features a spacious family room, dining area, and kitchen—perfect for gathering after a day in the sun. A thoughtful split-bedroom layout provides privacy and comfort for guests and family alike. Whether you’re searching for a weekend retreat, a vacation rental, or a place to slow down and enjoy coastal living year-round, this one-of-a-kind beach cottage is sure to steal your heart.
Sold for $1,200,000
$1,200,000
1669 Alligator Dr, Panacea, FL 32346
3beds
1,388sqft
Single Family Residence
Built in 1957
0.88 Acres Lot
$1,128,000 Zestimate®
$865/sqft
$2,630 Estimated rent
Home value
$1,128,000
Estimated sales range
Not available
$2,630/mo
Zestimate® history
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List your homeWhat's special
Boat dockSplit-bedroom layoutBeach-to-bay lotExpansive screened porchBreathtaking water viewsExposed wood beamsGleaming hardwood floors
Zillow last checked:
Listing updated:
Listed by:
Katherine Searcy 850-766-1444,
The Naumann Group Real Estate
Bought with:
Sarah Hundley, 3590530
Keller Williams Town & Country
Source: TBR,MLS#: 392708
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Other, Screened Porch, Utility Room
Primary bedroom
- Dimensions: 16x15
Bedroom 2
- Dimensions: 12x10
Bedroom 3
- Dimensions: 12x9
Dining room
- Dimensions: 10x11
Family room
- Dimensions: 22x14
Kitchen
- Dimensions: 12x11
Living room
- Dimensions: 0x0
Heating
- Central, Electric
Cooling
- Attic Fan, Central Air, Electric
Appliances
- Included: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Washer
Features
- Tray Ceiling(s), High Ceilings, Stall Shower, Vaulted Ceiling(s), Window Treatments, Split Bedrooms, Walk-In Closet(s)
- Flooring: Hardwood, Tile
- Has fireplace: No
Interior area
- Total structure area: 1,388
- Total interior livable area: 1,388 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Covered, Deck, Porch, Screened
- Has view: Yes
- View description: Bay, Gulf
- Has water view: Yes
- Water view: Bay,Gulf
- Waterfront features: Bay Access, Gulf
Lot
- Size: 0.88 Acres
Details
- Parcel number: 120370307S02W101000000600
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage,One Story,Two Story
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
Condition
- Year built: 1957
Utilities & green energy
- Sewer: Septic Tank
Community & HOA
Community
- Subdivision: Alligator Point Sub
Location
- Region: Panacea
Financial & listing details
- Price per square foot: $865/sqft
- Tax assessed value: $750,398
- Annual tax amount: $8,138
- Date on market: 10/29/2025
- Cumulative days on market: 93 days
- Listing terms: Cash,Conventional,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2026 | Sold | $1,200,000-6.9%$865/sqft |
Source:  TBR #392708 Report a problem | ||
| 1/7/2026 | Contingent | $1,289,000$929/sqft |
Source: TBR #392708 Report a problem | ||
| 12/15/2025 | Listed for sale | $1,289,000$929/sqft |
Source: TBR #392708 Report a problem | ||
| 12/3/2025 | Contingent | $1,289,000$929/sqft |
Source: TBR #392708 Report a problem | ||
| 10/30/2025 | Listed for sale | $1,289,000$929/sqft |
Source: TBR #392708 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,138 +2.1% | $750,398 +6.7% |
| 2023 | $7,968 -1.8% | $703,198 +0.8% |
| 2022 | $8,117 -5% | $697,332 +0.9% |
| 2021 | $8,542 -3% | $691,319 +6% |
| 2020 | $8,804 | $652,108 -4.6% |
| 2019 | $8,804 +12.4% | $683,598 +22% |
| 2018 | $7,834 +9.3% | $560,524 +13.6% |
| 2017 | $7,169 | $493,239 +10.7% |
| 2016 | $7,169 +10.1% | $445,398 +7% |
| 2015 | $6,511 +4.8% | $416,303 -0.2% |
| 2014 | $6,215 | $417,035 -10.4% |
| 2013 | -- | $465,505 +5.2% |
| 2012 | -- | $442,594 -23.6% |
| 2011 | -- | $579,039 -1% |
| 2010 | -- | $584,771 -18.7% |
| 2009 | -- | $718,865 -16.9% |
| 2008 | -- | $865,135 -11% |
| 2007 | -- | $971,749 -15.6% |
| 2006 | -- | $1,151,499 +0.8% |
| 2005 | -- | $1,141,819 +103.8% |
| 2004 | -- | $560,199 +210.7% |
| 2003 | -- | $180,307 +53.1% |
| 2002 | -- | $117,757 |
| 2001 | -- | $117,757 -1.9% |
| 2000 | -- | $120,025 |
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
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- Florida
- Franklin County
- Panacea
- 32346
- 1669 Alligator Dr
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