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Experience coastal living at its finest with this charming Gulf-front beach cottage located on the pristine shores of Alligator Point Beach. This beautifully situated 2-bedroom, 1-bathroom retreat offers breathtaking, unobstructed views of the Gulf, where stunning sunsets and the soothing sound of waves become part of your everyday life. Step inside to a warm and inviting interior designed for relaxed beachside living, with natural light pouring in and coastal views from key living spaces. The open layout creates a comfortable flow, perfect for entertaining or unwinding after a day in the sun. In the cooler months, the wood burning fireplace creates added comfort. Outside, enjoy direct access to the beach just steps from your door—ideal for morning walks, shell collecting, or simply soaking in the serene surroundings. Whether you're seeking a peaceful personal getaway, a vacation rental investment, or a full-time residence, this property delivers the ultimate beachfront lifestyle. Don’t miss this rare opportunity to own a slice of paradise on Florida’s Gulf Coast.

Highlights

  • Residential
  • Single Family Residence
  • Built in 1967
  • 0.36 Acre Lot
  • Waterfront
  • 191 days on Market

  • Bedrooms
    2
  • Bathrooms
    1
  • Year Built
    1967
  • Stories
    1.0
  • Architectural Style
    Cottage, One Story, Walk Up
  • Construction Materials
    Stucco, Block, Concrete
  • Foundation
    Slab
  • Parking Features
    Driveway
  • Living Area
    900.0
  • Appliances
    Microwave, Refrigerator, Range, Oven, Ice Maker
  • Flooring
    Tile, Other
  • Patio And Porch
    Deck
  • Cooling
    Central Air
  • Heating
    Central, Wood

  • Acres
    0.36
  • Lot Features
    Waterfront
  • Water Front
    Yes
  • View
    Ocean

  • Area
    Franklin
  • County
    Franklin
  • City
    Panacea
  • Neighborhood
    Penn Point
  • Zip Code
    32346
  • High School
    Franklin County High School
  • Middle School
    Franklin County Middle School
  • Elementary School
    OTHER COUNTY

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Frequently Asked Questions

How do I schedule a tour of 1505 Alligator Dr?

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 1505 Alligator Dr.

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

How do I get more information about 1505 Alligator Dr?

Click Ask a Question to talk with our team. You already know it is a 2 bed, 1 bath, listed for $699,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Panacea, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 1505 Alligator Dr?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1505 Alligator Dr at around $3,978. 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 1505 Alligator Dr?

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 1505 Alligator Dr?

In most cases, yes. Whether 1505 Alligator Dr 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 1505 Alligator Dr?

We can handle that for you. Our preferred local agent specializes in residentials 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.

What is the price per square foot for this home?

This home is listed at $699,000 with 900 sqft of space—that comes out to approximately $777 per square foot.

How long has this property been on the market?

1505 Alligator Dr was listed on May 01, 2026, which means it's been on the market for 191 days.

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

When was this house built?

This home was built in 1967, making it approximately 59 years old.

What is the lot size of this property?

1505 Alligator Dr sits on a 0.36-acre lot, which is 15,682 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: OTHER COUNTY
  • Middle: Franklin County Middle School
  • 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 1505 Alligator Dr 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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