
Residential Land for Sale in Panacea, Florida
1269 Alligator Dr, Panacea, FL 32346
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
- County
- Franklin County
- Community
- Penn Point
- Elevation
- 3 feet
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
| Name | Level | District | Description |
|---|---|---|---|
| Franklin County Middle School | Middle | — | — |
| Franklin County High School | High | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 26, 2025 | Price drop | $239,500 | $5,500 -2.2% | TBR |
| Nov 12, 2025 | New listing | $245,000 | — | TBR |







