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$399,900 -$15,000 (-3.62%) Price Reduced

  • For Sale
  • Active
  • Land Residential
  • 0.46 Acres
  • Updated 4 days ago
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🌴 Gulf-Front Paradise on Alligator Point - .46 Acre Lot Welcome to your private slice of Florida's Forgotten Coast! This rare .46-acre Gulf-front property sits directly on the sugar-white sands of Alligator Point in Panacea, FL, offering unmatched serenity, endless water views, and the ultimate beachfront lifestyle. Wake up to sunrise over the Gulf of America , spend your days fishing, kayaking, or walking the secluded shoreline, and unwind each evening with breathtaking sunsets. With nearly 100 feet of direct Gulf frontage, this property offers the perfect setting to build your dream coastal retreat or enjoy as a quiet weekend getaway. Surrounded by pristine nature and just minutes from Bald Point State Park, this area is a favorite for those who crave peace, privacy, and old-Florida charm. Utilities are available, and there's no HOA, giving you freedom to design your beach house your way.

Full Property Details for 1157 Alligator Dr

General

  • Price: $399,900
  • Taxes: $3,575 (2024)
  • Status: Active
  • Type: Land Residential
  • Source: Bay_County
  • MLS ID: 781457
  • Updated: 3/5/2026
  • Added to Site: 4 day(s) ago

Location

  • County: Wakulla
  • Subdivision: Other
  • Driving Directions: Head east on US-98 E toward Apalachicola. Continue through Carrabelle, staying on US-98 E. After passing through Bald Point State Park area, turn right onto Alligator Drive (County Road 370) at the Alligator Point sign. Follow Alligator Drive for about 7 miles, and you'll arrive on the narrow coastal strip that leads to Alligator Point. The property will be along Alligator Drive, dire

School Information

  • Elementary School: Other
  • Middle School: Other
  • High School: Other

Community

  • Community Name: 11 - Other Counties

Utilities

  • Sewer: Septic Needed

Lot Features

  • Property View: Gulf
  • Lot Size (Acres): 0.46
  • Lot Size (Sq. Ft.): 20,125
  • Lot Size: .46
  • Lot Dimensions: 80 x 252
  • Frontage: City Street
  • Lot Features: Paved
  • Zoning: Resid Single Family

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Gulf
  • Water Front View: Gulf

Financial Considerations

  • Tax Amount: $3,575
  • Tax Year: 2024

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: UNIT 2 HOLIDAY BEACH LOT 25 OR/186/378 OR 128/161 OR/160/362 ORB 194 PAGE 216 OR 368/338 OR 414/108 OR 423/66 CORRECTIVE DEED 997/665
  • Property ID: 05-07S-01W-1032-0000-0250

Listed by CENTURY 21 Commander Realty

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Listing agents

— 1157 Alligator Dr —

  • CENTURY 21 Commander Realty

  • CENTURY 21 Commander Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1157 Alligator Dr

School District:Franklin County School District, Eastpoint, FL
NameGradesDistance
Franklin County Schools Pk-12
1250 U.S. 98, Eastpoint, FL 32328
PK-1229 mi
Franklin Virtual Instruction Program
85 School Road, Eastpoint, FL 32328
K-1232.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1157 Alligator Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/05/2026
Price Reduced
$399,900
-3.62%
MLS
11/10/2025
Listed
$414,900
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1157 Alligator Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,342
21%
$483,840
45%
2024
$3,575
5%
$332,640
9%
2023
$3,418
-3%
$304,416
—
2022
$3,512
-4%
$304,416
—
2021
$3,663
1%
$304,416
25%
2019
$3,619
10%
$243,936
10%
2018
$3,301
13%
$221,760
10%
2017
$2,913
8%
$201,600
8%
2016
$2,696
5%
$186,480
6%
2015
$2,576
-1%
$176,400
—
2014
$2,599
-11%
$176,400
-12%
2013
$2,929
—
$201,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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Listed by CENTURY 21 Commander Realty

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1157 Alligator Drive, Panacea, FL 32346 (MLS# 781457) is a Land Residential property with a lot size of 0.46 acres. 1157 Alligator Drive is currently listed for $399,900 and was received on March 05, 2026. Want to learn more about 1157 Alligator Drive? Do you have questions about finding other Land Residential real estate for sale in Panacea? You can browse all Panacea real estate or contact a Coldwell Banker agent to request more information.

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