For sale

$1,295,000

Est. $8,854/mo —

•

2,361

sq ft

1391 Alligator Dr, Panacea, FL 32346

About this home

Beautifully remodeled 3BR, single-level Beachfront Bungalow on peaceful Alligator Point. Direct Beachfront and endless Gulf views. Updated throughout with modern conveniences while retaining its true Florida character. Spacious waterfront living area with expansive views and excellent rental/investment potential. Ideal for vacation rental, second home, or full-time coastal living. Recent improvements include a complete transformation of the interior, new appliances, new kitchen, new baths, new windows, doors, floors & decor, a brand-new roof, fresh landscaping featuring native coastal plants, fruit trees, and a recent 4 four-point inspection for added peace of mind.

Single-familyProperty Type

1970Year Built

1.04 acresLot Size

$548Price/Sq.Ft.

1 spaceParking

Listed by Debbie Brett • Keller Williams Town & Country

Listing updated: Oct 8, 2026 at 06:47pm

Redfin checked: 2 minutes ago

•Source:CATRS #404601

Payment calculator

$8,854 per month

Principal and interest$7,244

Property taxes

$811

HOA dues

Home insurance

$799

Utilities

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Open houses

No upcoming open houses.

Around this home

Schools

K - 12
Preschool & daycare

Franklin County Schools Pk-12

Public PreK-12 • Assigned • 27.5mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

1391 Alligator Dr · $1,295,000

Strong offer

$1.29M and above

75% chance or better to win

Why $1.29M+ is a strong offer

DAYS ON MARKET

The average home goes pending in 175 days.

SALE-TO-LIST

Most homes are selling 7% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
High ceilings
Window treatments
Screened porch

Bedrooms
Bedroom 2 (11x10)
Bedroom 3 (11x14)

Bathrooms
2 full bathrooms

Kitchen
Refrigerator
Oven
Range
Microwave
Icemaker
Dishwasher

Laundry & utility
Washer
Dryer
Utility room

Flooring
Laminate
Tile

Heating & cooling
Central heating
Electric heating
Wood heating
Central air conditioning
Ductless cooling
Ceiling fans

Sale and tax history for 1391 Alligator Dr

Sale History
Tax History

Date

Event

Price

RAFGC #329473

Sep 5, 2026

Listed

$1,295,000

$548/sq ft

+58

Beautifully remodeled 3BR, single-level Beachfront Bungalow on peaceful Alligator Point. Direct Beachfront and endless Gulf views. Updated throughout with modern conveniences while retaining its Old Florida character. Spacious waterfront living area with expansive views and excellent rental/investment potential. Ideal for vacation rental, second home, or full-time coastal living. Ready to enjoy! Schedule a private showing & make an offer before it is too late! Recent improvements include a complete transformation of the interior, new appliances, new kitchen, new baths, new windows, doors, floors & decor, a brand-new roof, fresh landscaping featuring native coastal plants and fruit trees, and a recent 4 four-point inspection for added peace of mind.

CATRS #404601

Sep 5, 2026

Listed

$1,295,000

$548/sq ft

CATRS #404545

Sep 4, 2026

Listed

$1,295,000

$548/sq ft

Sep 4, 2026

Listing Removed

—

CATRS #356899

May 17, 2023

Sold

$950,000

$402/sq ft

Apr 11, 2023

Contingent

—

Mar 27, 2023

Listed

$949,900

$402/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$9,653 (+12.5%)

2024

$8,582 (+29.2%)

$403,920 + $387,970

$791,890

2023

$6,641 (+7.2%)

2022

$6,194 (−4.2%)

$369,648 + $160,508

$530,156

2021

$6,467 (−4.0%)

$369,648 + $151,830

$521,478

2020

$6,733 (+2.3%)

2019

$6,584 (+8.0%)

2018

$6,094 (+8.7%)

$293,760 + $125,798

$419,558

2017

$5,607 (+8.0%)

$257,040 + $125,798

$382,838

2016

$5,194 (+1.4%)

$226,440 + $127,505

$353,945

2014

$5,121

$214,200 + $127,505

$341,705

Public record

Beds

—

Baths

Stories

Lot width

80 ft.

Lot depth

306 ft.

Lot size

0.56 Acres

Year renovated

2018

Finished Sq. Ft.

2,361

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,361

Year built

1970

Style

Single Family Residential

County

Franklin County

APN

0107S02W1044000Q0060

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 8, 2026.

Climate risks

8/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

10/10 Heat Factor

7 days above 109° expected this year, 22 days in 30 years

10/10 Wind Factor

99% chance of strong winds in next 30 years

2/10 Air Factor

0 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Panacea, FL • 32346

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

89/ 100

Very good sunlight

Sunscore

This home receives average direct sun exposure in Panacea. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.1 hrs

7.2 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 1391 Alligator Dr

$1,219,079

$76K under list price of $1.30M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $479K to $1.2M.

SOLD SEP 23, 2026
$655,000 Last sold price
3 beds2.5 baths1,952 sq ft
2519 Surf Rd, Panacea, FL 32346
$212/sq ft
smaller lot
9 years newer
SOLD JUN 10, 2026
$479,040 Last sold price
3 beds2.5 baths1,601 sq ft
1251 Alligator Dr, Panacea, FL 32346
$249/sq ft
smaller lot
31 years newer
SOLD DEC 4, 2025
$1,195,000 Last sold price
3 beds2 baths1,710 sq ft
143 Harbor Cir, Panacea, FL 32346
$151/sq ft
smaller lot
54 years newer
SOLD MAY 19, 2026
$1,030,000 Last sold price
3 beds3 baths2,327 sq ft
7 Cutty Sark Ct, Panacea, FL 32346
$105/sq ft
smaller lot
38 years newer
SOLD MAY 1, 2026
$500,000 Last sold price
2 beds2 baths1,600 sq ft
2413 Surf Rd, Panacea, FL 32346
$235/sq ft
smaller lot
2 years newer
SOLD JUL 2, 2026
$750,000 Last sold price
3 beds2 baths1,854 sq ft
88 Driftwood Dr, Panacea, FL 32346
$143/sq ft
smaller lot
26 years newer

Rental earnings

Est. $1,355 per month, based on comparable rentals

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