1573 Alligator Drive Panacea, FL $ 1,999,000
1573 Alligator Drive
$ 1,999,000
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1573 Alligator Drive

Panacea, FL, 32346
$ 1,999,000
Bedrooms7 Baths4.0 Sq 3,462

Monthly Estimate*

$ 12,471

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Single Family Home for sale in Panacea, FL

for $1,999,000 with 7 bedrooms and 4 full baths. This 3,462 square foot home was built in 2006 on a lot size of 0.62.

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!

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Single Family Active

Price

$ 1,999,000

Bedrooms

7

Full Bath

4

Property Type

Single Family

Taxes

$ 0

Style

Traditional

Lot Size

0.62

Year Built

2006

Town/City

Panacea

County/Region

Wakulla

MLS | Web ID

385695

Features
General
Living Area 3462.0
Sewer SepticTank
Heating Central Electric Fireplaces
Cooling CentralAir CeilingFans Electric
Appliances Dryer Dishwasher IceMaker Microwave Oven Range Refrigerator Washer
HOA Fee 0.0
Patio/Porch Features Covered Porch Screened
Architectural Style Traditional
Construction Materials VinylSiding
Year Built 2006
View Bay Gulf
Property Subtype Detached
Waterfront Features BayAccess Gulf
County Franklin
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name -
Garage Y/N N
Full Baths 4
Special Listing Conditions Standard
Status Active
Directions Hwy 98 to L on Alligator Drive continue house on L
High School OTHER COUNTY
City Panacea
Senior Community Y/N N
MLS Area Franklin
Carport Spaces 3.0
Carport Y/N Y
Listing Terms Cash Conventional FHA RehabFinancing
Elementary School OTHER COUNTY
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Middle/Junior High School OTHER COUNTY
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Lot 12
Property Sub Type Additional Detached SingleFamilyResidence
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Interior
Interior Amenities HighCeilings EntranceFoyer Pantry SplitBedrooms WalkInClosets
Basement Finished
Flooring Hardwood Tile
Fireplace Features Gas
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Total Bedrooms 7
Room Type Basement Foyer Other Pantry ScreenedPorch UtilityRoom
Total Baths 4
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Exterior
Parking Features Carport ThreeOrMoreSpaces
Spa N
Building Area Total 3462.0
Lot Size Acres 0.62
Private Pool N
Waterfront Y/N Y
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1573
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* Excluded Features
List By
Rebecca Mayhann Properties

Broker

Affordability Calculator

$12,471
Per Month
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Monthly Principal & Interest
$12,471
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
418852 Elementary School
418923 Middle School
Other County High School High School
Pricing History
DatePricePrice ChangeDescription
6/2/2025$1,999,000 -11.16% Price Down
5/9/2025$2,250,000 Listed Price

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1573 Alligator Drive, Panacea, FL, 32346 is a Single Family Home for sale at $1,999,000 with 3,462 sqft and a lot size of 0.62. 1573 Alligator Drive has 7 bedrooms, 4.0 baths, and was built in 2006. The property's zip code is 32346 which is in Panacea, FL