1573 Alligator Dr, Panacea, FL 32346

Discover this rare gem - a spacious 7 bedroom, 4 bath beach home that sleeps up to 20, set on a .62 acre lot stretching from Gulf to Bay, offering the best of both worlds. This beautifully and functionally designed home features the convenience of an elevator, four private porches with panoramic Gulf and Bay views, perfect for catching sunrises and sunsets. Ideal for multi-family living, vacationing or investment, the 2nd and 3rd floors are self contained with access through interior shared stairwell, including their own full kitchens, laundry, living and dining areas and private porches providing flexibility for guests and extended family. Enjoy direct beach access, large covered outdoor space beneath the home perfect for hosting large gatherings, family events or holiday celebrations. Build a private dock with boat house and lift on Bayside or take a short golf cart drive to the nearby marina for dry storage options and marina services. Whether you are seeking a personal coastal escape or a lucrative rental property, this home delivers on space, location and lifestyle!