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!
For sale
$665,000
1648 Alligator Dr #327, Panacea, FL 32346
3beds
1,885sqft
Est.:
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
- 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#: 390253
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
Estimated market value
$601,000
$529,000 - $691,000
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/7/2025 | Listing removed | $3,300$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/29/2025 | Listed for rent | $3,300$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/23/2025 | Listed for sale | $665,000$353/sqft |
Source: | ||
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
- 2/10Franklin County Schools Pk-12Grades: PK-12Distance: 25.8 mi
- NAFranklin Virtual Instruction ProgramGrades: K-12Distance: 29.7 mi
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