Blending modern updates with timeless coastal charm, this home

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Home Off Market

1667 Alligator Drive

Panacea, Florida 32346

Franklin County

Waterfront: Yes

Community: ALLIGATOR POINT

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$1,945,000 3 br, 4.0 bath 3146 sq. ft. 0.660 acres

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!

Interior:
  • Bedrooms: 3
  • Baths: 4.0
  • Sq Ft: 3146
  • Year Built: 1956
  • Utilities: 
  • Fireplaces: Has Fireplace
  • Stories: 2
  • Heat/AC: Central, Electric (Heating), Fireplace(s)
  • Garage: Carport
Exterior:
  • Lot Size: 0.660 acre
  • Lot Dimensions: 
  • Waterfront: Yes
  • View Types: 
  • Yard: 
  • Siding: Block, FiberCement, Concrete, Stucco
  • Roof: 
  • Property Taxes: $8,202
  • MLS #: 390020
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Contact Information:
Beach Home Off Market in Panacea, Florida
Ad Number: 6532019
Viewed 60 times.
Updated: Aug 23, 2025

This property is a Home located at 1667 Alligator Drive, Panacea, Florida 32346, and is currently Off Market at $1,945,000. This Home has 3 bedrooms, 4.0 baths, 3146 sq ft.