Residential Land for Sale in Panacea, Florida

Discover a rare opportunity to own prime bayfront property in Alligator Point one of Florida's most treasured and unspoiled coastal communities along the "Forgotten Coast." Nestled within the desirable Pelican Bay area, this exceptional homesite offers 129 feet of direct bay frontage on the calm, protected waters of Alligator Harbor. Property has 10 ft deeded access to Gulf. Spanning .384 acres, this oversized lot provides the perfect canvas to design and build your custom coastal retreat. Enjoy sweeping water views, breathtaking sunsets, and immediate access to some of the region's best inshore fishing, boating, and wildlife viewing. The property includes deeded access to the Gulf of Mexico, allowing you to easily navigate from your backyard to open water adventures. Private docks are permitted, making it ideal for boating enthusiasts seeking both convenience and flexibility. Located on a narrow peninsula between the Gulf and bay, Alligator Point is known for its quiet, low-density charm, pristine natural beauty, and miles of uncrowded beaches. Whether you're kayaking the shallow bay, fishing the productive estuary waters, or enjoying peaceful coastal living, this property delivers an unmatched Old Florida lifestyle. A truly unique offering-build your dream home where serenity, nature, and waterfront living come together. All measurements are approximate.