1288 Alligator Drive, Panacea, FL 32346

Listing agent Joann Jacobs License #3033670 Show Phone

Listing office Coldwell Banker Hartung FL Show Phone

Listing date Jun 26, 2026

Report an issue

MLS# 401769 Listing URL

Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Overview

This for-sale, buildable Gulf-front homesite offers a coastal setting with panoramic views. The property is presented as a single residential lot suitable for constructing a beach home, with the waterfront serving as the primary feature.

Located at 1288 Alligator Drive in Panacea, within Franklin County. The listing describes the homesite as part of Alligator Point along the Gulf, providing a direct connection to the shoreline and the coastal scenery associated with the area.

For buyers seeking a site to build a primary residence or vacation home, the lot’s Gulf-front orientation and water-view character are central to the appeal. It may also be of interest to buyers looking for a coastal land asset where the key value drivers are buildability and direct Gulf frontage as described in the listing.

Suggested Use

Real Estate Agency Hotel & Motel Travel Agency Bed & Breakfast

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Panacea

County

Wakulla

State

Florida

Longitude

-84.369356

Latitude

29.895563

Nearby Similar for Sale

• 

  $950,000

  Panacea Commercial Property with License

  Commercial building and business with liquor license on Coastal Highway.

  1306 Coastal Highway, Panacea, FL 32346

  View Details
• 

  $300,000

  1,200 SF

  Panacea Commercial Land on US-98

  High-visibility commercial parcel in a growth corridor on US-98.

  886 Coastal Highway, Panacea, FL 32346

  View Details
• 

  $375,000

  1,200 SF

  Commercial Storefront with Studio Apartment

  Commercial storefront with studio apartment on Highway 98.

  82 Coastal Highway, Panacea, FL 32346

  View Details
• 

  $189,000

  Waterfront Homesite with Deep-Water Access

  Cleared waterfront lot on Ochlockonee Bay with deep-water access, well suited for building a dock-and-boat property.

  Surf Road, Panacea, FL 32346

  View Details
• 

  $199,000

  Deepwater Bayfront Land Parcel

  South-facing waterfront lot with deep water access and utilities available at the site.

  Surf Road, Panacea, FL 32346

  View Details
• 

  $185,000

  Waterfront Land in Panacea, Florida

  0.65-acre waterfront lot with direct water access and utilities.

  Chattahoochee Street lot: 1 & 2, Panacea, FL 32346

  View Details
• 

  $30,000

  Prime Commercial Lots on Highway

  Two commercial lots in Panacea, FL, on high-traffic Highway 98.

  Coastal Highway lot: 4 & 5, Panacea, FL 32346

  View Details
• 

  $110,000

  Panacea, FL Buildable Lots

  Two buildable lots near the coast, boat ramps, and fishing.

  Bottoms Road lot: 6-7, Panacea, FL 32346

  View Details
• 

  $30,000

  Panacea, FL Commercial Land

  Two commercial lots in Panacea, FL, on high-traffic Highway 98.

  Coastal Highway lot: 4 & 5, Panacea, FL 32346

  View Details
• 

  $100,000

  Cleared Canal Front Land

  Cleared canal-front lot with dock and utilities in Panacea, FL.

  Blue Heron Way, Panacea, FL 32346

  View Details
• 

  $215,000

  Bayfront Lot on Dickerson Bay

  Cleared 0.86-acre bayfront lot ready for coastal dream home.

  Levy Bay Road lot: 8, Panacea, FL 32346

  View Details
• 

  $349,000

  Prime Land in Coastal Panacea

  Versatile land with highway frontage, ideal for development.

  Division Street, Panacea, FL 32346

  View Details

FAQs

What type of property is this?

Waterfront Land - Buildable Gulf-front lot with panoramic water views on Florida’s Forgotten Coast.

Where is this waterfront land located?

The property is located at 1288 Alligator Drive Panacea, FL.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Buildable 0.41‑acre Gulf‑front homesite on Alligator Drive in Alligator Point; Panoramic views of the Gulf from the property; Gulf‑front setting for a beach home with your own front‑yard wildlife viewing