
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 sparkling waters of the Gulf of Mexico meet endless skies. This is more than a homesite - it's your personal slice of paradise, ready for you to create the ultimate beachside retreat. Wake each morning to the golden glow of sunrise dancing across the water, and unwind each evening as the horizon explodes into breathtaking shades of coral and crimson. From your future porch, watch dolphins play offshore, pelicans glide along the breeze, and let the gentle rhythm of the tide wash your cares away. Step outside and explore the beauty that surrounds you. Stroll or bike along the new waterfront pathways, where coastal breezes and natural scenery make every outing feel like a vacation. Cast a line from your backyard, enjoy world-class fishing, and end the day savoring your fresh catch under a sky full of stars. Located in a welcoming golf cart-friendly coastal community, this property invites you to slow down and enjoy the laid-back rhythm of Gulf living. Just minutes away, discover charming waterfront dining and local seafood favorites in nearby coastal communities like St. Marks, Shell Point, and Ochlockonee Bay. Property Highlights - 0.16-acre direct Gulf-front lot - Panoramic, unobstructed sunrise & sunset views - No HOA - build with flexibility - New walking and biking paths nearby - Active golf cart-friendly community - Abundant coastal wildlife & natural beauty - Minutes from local restaurants and amenities This isn't just land - it's a lifestyle. Whether you envision a full-time residence, a peaceful vacation getaway, or an investment property, this rare Gulf-front opportunity offers the perfect setting for the relaxed coastal life you've always imagined. Bring your plans, your vision, and your love of the water - paradise awaits.
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
- Waterfront
- Yes
- Features
- Flood Zone, Less Than One Acre
Structure
- Sewer
- Septic Needed
Nearby schools
| Name | Type |
|---|---|
| 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 |







