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Private Island Opportunity in Panacea

Surf Road, Panacea, FL 32346

For Sale
$150,000

Land, Panacea, FL

Property SizeContact for details
Lot Size230.00 Acres
Days on Market586

Property Features for Surf Road

General Information

Property type Land
Property subtype Other
Vegetation Brush, Wooded
Lot features One Or More Acres
View River
Elementary school MEDART
Middle school Riversprings-Wakulla
High school WAKULLA
Directions Must get there by boat. Island is across the water from River Drive.
Subdivision Wakulla
Standard status Active
APN 12129-04-6S-02W-000-03859-000
Lot size 230.00 Acres

Utilities

Sewer type Septic Needed
Water front 1
Listing Agency: Keller Williams Town & Country
Listed By: Susan Schatzman · License #326572
Added: Apr 3, 2025 Changed: Oct 23 Last Checked: Nov 9 at 5:06AM
MLS# 384065

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.

Rey
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Investment Insights

Based on property information with market context.

This 230-acre private island is located in Panacea, Florida. Three sides of the island border a river, and the south side is bordered by 5 acres of government-owned land. The west and north sides of the island are also bordered by government-owned land. According to planning and zoning regulations, a dock is permitted, contingent upon a survey for wetland delineation to determine buildability. The island features streams suitable for exploration by kayak or canoe. The land has been under family ownership for over 75 years and is rumored to have a fishing hole nearby. The property is located in a VE flood zone.

Key Highlights

  • Private island property offering unparalleled seclusion.
  • Bordered on three sides by a scenic river, perfect for nature lovers.
  • Adjoins government‑owned land on three sides (south, west, and north) ensuring privacy.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Private islands

Location Intelligence

Demographics for 32346, FL

1,750
Population
1,716
Households
1
Avg Household Size
55
Median Age
26%
College-Educated
91%
High-School Grad
28.4 sq mi
ZIP Area
62
Density / Sq Mi
$58,382
Median Household Income
$23,889
Median Earnings
$1,468
Median Rent
$233,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Land in Panacea

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Land - 230-acre private island bordering river and government land in Panacea, Florida.
Where is this land located?
The property is located at Surf Road Panacea, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Private island property offering unparalleled seclusion.; Bordered on three sides by a scenic river, perfect for nature lovers.; Adjoins government‑owned land on three sides (south, west, and north) ensuring privacy.
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