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BAY FRONT HOME at 1508 Alligator Drive on Alligator Point! Enjoy stunning bay views and waterfront living with an expansive screened back porch, an open deck, and a 400-foot dock featuring two boat lifts. A public boat ramp and beach access are both only moments away, making it easy to spend the day on the water or at the beach. The Forgotten Coast is known for its fishing, wildlife, and seemingly endless coastline. Inside, vaulted ceilings give the large, open-concept living area an airy feel, while real oak wood flooring and custom solid wood cabinetry bring warmth and character to the home. Multiple custom Peachtree doors open to the screened back porch and deck, where you can enjoy morning coffee, entertain guests, or relax after a day on the water. The primary bedroom features an en-suite bath and a walk-in closet, and both guest rooms are generously sized. A gas stove, gas water heater, and passenger/cargo lift offer everyday convenience. Beneath the home, a large storage room provides ample space for boating and fishing equipment, beach toys, and more. Offered by its original owner, this home has never been used as a rental. Whether you’re looking for a full-time waterfront residence or a coastal getaway, this Alligator Point home offers beautiful views, thoughtful features, and plenty of room to enjoy life on the bay!

Highlights

  • Residential
  • Single Family Residence
  • Built in 1995
  • 0.41 Acre Lot
  • Waterfront
  • 1 day on Market

  • Bedrooms
    3
  • Bathrooms
    2 full · 1 half
  • Year Built
    1995
  • Architectural Style
    Cottage
  • Construction Materials
    Vinyl Siding
  • Living Area
    1600.0
  • Interior Features
    Walk-In Closet(s), Pantry, High Ceilings
  • Appliances
    Dryer, Dishwasher, Microwave, Refrigerator, Washer, Range, Cooktop, Oven
  • Flooring
    Hardwood, Laminate, Tile, Vinyl
  • Patio And Porch
    Covered, Deck, Porch, Screened
  • Security Features
    Security System Owned, Closed Circuit Camera(s)
  • Cooling
    Ceiling Fan(s), Electric
  • Heating
    Electric

  • Acres
    0.41
  • Lot Features
    Waterfront
  • Water Front
    Yes
  • View
    Bay

  • 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 1508 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 1508 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 1508 Alligator Dr?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $950,000. 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 do I get a virtual tour of 1508 Alligator Dr?

Yes! A virtual tour is available for 1508 Alligator Dr. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 1508 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 1508 Alligator Dr at around $5,406. 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 1508 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 1508 Alligator Dr?

In most cases, yes. Whether 1508 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 1508 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 $950,000 with 1,600 sqft of space—that comes out to approximately $594 per square foot.

How long has this property been on the market?

1508 Alligator Dr was listed on November 12, 2026, which means it's been on the market for 1 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 1995, making it approximately 31 years old.

What is the lot size of this property?

1508 Alligator Dr sits on a 0.41-acre lot, which is 17,860 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 1508 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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