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!
For sale
$1,945,000
1667 Alligator Dr, Panacea, FL 32346
3beds
3,146sqft
Est.:
Single Family Residence
Built in 1956
0.66 Acres Lot
$1,866,600 Zestimate®
$618/sqft
$-- HOA
What's special
Multigenerational livingCustom millworkCustom cabinetryMultiple covered porchesDirect gulf frontageSweeping water viewsScreened porch
- 5 days
- on Zillow |
- 532 |
- 24 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: August 22, 2025 at 10:51am
Listed by:
Katherine Searcy 850-766-1444,
The Naumann Group Real Estate
Source: TBR,MLS#: 390020

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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: $618/sqft
- Tax assessed value: $758,941
- Annual tax amount: $8,202
- Date on market: 8/15/2025
- Listing terms: Cash,Conventional,1031 Exchange,FHA
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