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Prime Canal Front Lot in Alligator Point – A Coastal Paradise Awaits. Discover the ultimate waterfront lifestyle with this prime canal front lot, offering direct access to the Bay and beyond to the Gulf waters; a dream for anglers and nature lovers alike—just minutes from world-class fishing and the community’s private Beach access. Enjoy spectacular sunrise and sunset skies, peaceful surroundings, and the beauty of unspoiled nature. Whether you’re seeking a weekend escape or a forever home, come experience the serenity and charm that only Alligator Point can offer.

Highlights

  • Land
  • Unimproved Land
  • 0.22 Acre Lot
  • Waterfront
  • 190 days on Market


  • Acres
    0.22
  • Lot Features
    Wooded, Level, Waterfront, Cul-De-Sac, Rectangular Lot
  • Water Front Features
    Canal Front
  • Water Front
    Yes
  • View
    Canal
  • Utilities
    Electricity Available
  • Water
    Public

  • Area
    Franklin
  • County
    Franklin
  • City
    Panacea
  • Neighborhood
    Holiday Beach
  • Zip Code
    32346
  • High School
    Franklin County High School
  • Middle School
    Other
  • Elementary School
    Other

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Frequently Asked Questions

How do I schedule a tour of 15 Carousel Terrace?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 15 Carousel Terrace.

They know lands in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 15 Carousel Terrace?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $185,000. We can talk through recent upgrades, potential seller motivation, how this unimproved land compares to others in Panacea, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 15 Carousel Terrace?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 15 Carousel Terrace at around $1,003. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 15 Carousel Terrace?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Franklin County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 15 Carousel Terrace?

In most cases, yes. Whether 15 Carousel Terrace is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Panacea's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 15 Carousel Terrace?

We can handle that for you. Our preferred local agent specializes in lands in Panacea and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

15 Carousel Terrace was listed on May 01, 2026, which means it's been on the market for 190 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

15 Carousel Terrace sits on a 0.22-acre lot, which is 9,583 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Other
  • Middle: Other
  • High: Franklin County High School

Want to see how these schools compare? Check out our Franklin County School Guide to see ratings, reviews, and more for the schools in the area.

Is 15 Carousel Terrace still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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