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Residential Land for Sale in Panacea, Florida

1269 Alligator Dr, Panacea, FL 32346

$239,500
0.16 acres
Active
$5.5k drop
Est $1,798/mo

Waterfront Living at Its Finest - Build Your Dream Home on the Gulf!!! Discover the magic of true coastal living on this prime 0.16-acre Gulf-front lot, where the shimmering waters of the Gulf of Mexico meet endless skies. This is more than a homesite - it's your personal slice of paradise, waiting for you to bring your vision of luxury beachside living to life. Wake each morning to the golden glow of the sunrise glistening over the waves, and unwind each evening as the horizon ignites in breathtaking shades of coral and crimson. From your future porch, watch dolphins dance offshore, pelicans glide across the breeze, and the gentle rhythm of the tide wash your cares away. Step outside and explore your surroundings - stroll or bike along the brand-new waterfront pathways, surrounded by natural beauty and the soothing sounds of the sea. Cast a line right from your backyard, then savor your fresh catch under a canopy of stars. This welcoming golf cart-friendly community invites you to slow down and savor life's simple pleasures. With charming local restaurants just minutes away, you'll enjoy laid-back dining, coastal cuisine, and friendly small-town vibes - all wrapped in the serenity of Gulf-front living. Property Highlights: 0.16-acre direct Gulf-front lot - prime waterfront living Panoramic, unobstructed views of sunrise and sunset No HOA - build your dream home with freedom New walking & biking paths steps from your door Active, friendly golf cart community Abundant wildlife & coastal charm Close to local restaurants and amenities This isn't just land - it's a lifestyle. Whether you're envisioning a year-round residence, a vacation sanctuary, or a smart investment property, this rare Gulf-front opportunity offers the ideal backdrop for the relaxed coastal life you've always imagined.

Location

Street address
1269 Alligator Dr
Community
Penn Point
Elevation
3 feet
Coordinates
29.8958, -84.3665

Directions

Highway 98 to Alligator Dr. Approximately 5 miles on the left.

Property details

Lot size
0.16 acres6,970 sq ft
MLS #
TBR 393157
Posted

Parcels

  • 12037-06-07S-01W-1041-000C-0030

Details and features

Listing

Type
Land

Lot

Vegetation
Cleared
Features
Flood Zone, Less Than One Acre

Structure

Sewer
Septic Needed

Nearby schools

NameLevelDistrictDescription
Franklin County Middle SchoolMiddle
Franklin County High SchoolHigh

Listing history

DateEventPriceChangeSource
Dec 26, 2025Price drop$239,500$5,500 -2.2%TBR
Nov 12, 2025New listing$245,000TBR
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This 0.16-acre property is located at 1269 Alligator Dr in Panacea, FL 32346. The property is available for sale for $239,500.

Checked 8 hours ago — Updated

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