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For sale
  • $665,000

    1648 Alligator Dr #327, Panacea, FL 32346

    3beds
    1,885sqft
    : 
    Townhouse
    Built in 2004
    7,405.2 Square Feet Lot
    $601,000 Zestimate®
    $353/sqft
    $67/mo HOA

    What's special

    Coastal breezeSoaring vaulted ceilingsSpacious decksOutdoor shower
    Not Short on Views! This stunning coastal retreat offers the best of both worlds—breathtaking beach and bay views from four spacious decks overlooking Alligator Harbor and the Gulf of Mexico. If you love the sand and surf, you’ll enjoy deeded private access to a quiet stretch of beach, just steps across the street. Prefer life on the water? The Alligator Point Marina and boat ramp are only steps away, giving you quick boating access to Dog Island, the Ochlockonee Shoals, St. George Island, Carrabelle, and beyond. On the ground level, relax in the coastal breeze while grilling or hosting a classic Low Country boil on the patio area. An outdoor shower makes rinsing off after a day of sun and saltwater a breeze. Inside, every room boasts a water view. The heart of the home is the open-concept kitchen, dining, and living area, perfect for entertaining. The kitchen features bar seating for five, flowing seamlessly into the dining space and light-filled living room—all framed by panoramic views. The luxurious owner’s suite on the top floor is a showstopper, featuring soaring vaulted ceilings framed with tongue-and-groove pine, plenty of space for a king bed and seating area, plus a private balcony with a swing bed overlooking the Gulf. All bedrooms are ensuite, offering privacy and comfort for family and guests. This property is a true coastal gem—whether you’re seeking a beach escape, boating paradise, or both. Add a few updates and make this home your getaway!
    108 days
    |
    221
    |
    12
    |

    Zillow last checked: 8 hours ago

    Listing updated: August 29, 2025 at 11:13pm

    Listed by:

    Katherine Searcy 850-766-1444,

    The Naumann Group Real Estate

    Source: TBR,MLS#: 390253MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Rooms
    • Room types: Other, Utility Room
    Primary bedroom
    • Dimensions: 19x25
    Bedroom 2
    • Dimensions: 13x12
    Bedroom 3
    • Dimensions: 13x12
    Dining room
    • Dimensions: 10x7
    Family room
    • Dimensions: 18x16
    Kitchen
    • Dimensions: 9x11
    Living room
    • Dimensions: 0x0
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s), Electric
    Appliances
    • Included: Cooktop, Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator
    Features
    • High Ceilings, Window Treatments, Walk-In Closet(s)
    • Flooring: Carpet, Tile
    • Has fireplace: No
    Interior area
    • Total structure area: 1,885
    • Total interior livable area: 1,885 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Carport, Two Spaces
    • Carport spaces: 2
    Features
    • Patio & porch: Covered, Deck, Porch
    • Has view: Yes
    • View description: Bay, Gulf
    • Has water view: Yes
    • Water view: Bay,Gulf
    Lot
    • Size: 7,405.2 Square Feet
    Details
    • Parcel number: 120370307S02W1100000C0020
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Townhouse
    • Architectural style: Traditional
    • Property subtype: Townhouse
    Materials
    • Vinyl Siding
    Condition
    • Year built: 2004

    Utilities & green energy

    • Sewer: Septic Tank

    Community & HOA

    Community
    • Subdivision: PELICAN BAY TOWNHOUSE RESORT
    HOA
    • Has HOA: Yes
    • Services included: Common Areas
    • HOA fee: $800 annually
    Location
    • Region: Panacea

    Financial & listing details

    • Price per square foot: $353/sqft
    • Annual tax amount: $5,368
    • Date on market: 8/21/2025
    • Cumulative days on market: 111 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
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    Estimated market value

    $601,000

    $529,000 - $691,000

    Not available

    Price history

    Price history
    DateEventPrice
    12/7/2025Listing removed$3,300$2/sqft
    Source: Zillow Rentals Report a problem
    9/29/2025Listed for rent$3,300$2/sqft
    Source: Zillow Rentals Report a problem
    8/23/2025Listed for sale$665,000$353/sqft
    Source: TBR #390253 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $4,073/mo
    Principal & interest
    $3180
    Property taxes
    $593
    Other costs
    $300

      Climate risks

      Neighborhood: 32346

      Nearby schools

      GreatSchools rating

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