Discover this rare gem - a spacious 7 bedroom, 4 bath beach home

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Home For Sale

1573 Alligator Drive

Panacea, Florida 32346

Franklin County

Waterfront: Yes

Community: -

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$2,250,000 7 br, 4.0 bath 3462 sq. ft. 0.620 acres

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!

Interior:
  • Bedrooms: 7
  • Baths: 4.0
  • Sq Ft: 3462
  • Year Built: 2006
  • Utilities: 
  • Fireplaces: Has Fireplace
  • Stories: 
  • Heat/AC: Central, Electric (Heating), Fireplace(s)
  • Garage: Carport
Exterior:
  • Lot Size: 0.620 acre
  • Lot Dimensions: 
  • Waterfront: Yes
  • View Types: 
  • Yard: 
  • Siding: Vinyl Siding
  • Roof: 
  • MLS #: 385695
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Contact Information:
phone Call now 1-855-943-4259
Beach Home For Sale in Panacea, Florida
Listing Agent: Rebecca Mayhann, Rebecca Mayhann Properties, 850-661-5386, 850-661-5386 Listing Site, Listing Status: Active
Copyright © 2025 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6154556
Viewed 12 times.
Updated: May 09, 2025

This property is a Home located at 1573 Alligator Drive, Panacea, Florida 32346, and is currently For Sale at $2,250,000. This Home has 7 bedrooms, 4.0 baths, 3462 sq ft.