by Global Lifestyle Properties

See Home Value
Franklin 32346
1448 CYPRESS STREET
$605,000
● House - Off Market

1448 CYPRESS STREET

PANACEA, FL 32346
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,412 Ft²
$3,395
Est. Monthly
2.11%
Cap Rate

About This Property

1448 Cypress Street, Alligator Point, FL 32346

Offered at $625,000

3 Bedrooms | 3 Bathrooms | 1,412 Sq Ft

Move-In Ready • Insurance-Friendly • Beautifully Upgraded

Welcome to your slice of paradise in Alligator Point! This meticulously maintained 3-bedroom, 3-bath coastal home (plus a convenient outdoor bath) is move-in ready and full of high-end updates designed for comfort, efficiency, and peace of mind.

Major Improvements:

• 2024 Updates: New HVAC, whole-home generator, tankless water heater, storm shutters, bedroom flooring, recess lighting (indoor/outdoor), fans, blinds (by Made in the Shade), and custom closet systems (Closets by Design).

• Roof: Brand new in August 2023

• Insurance: Current premiums are very low. Elevation Certificate available

Interior Highlights:

• Stunning kitchen remodel with quartz countertops and premium Bosch appliances

• Spacious great room with vaulted ceilings and a cozy gas fireplace

• Thoughtful layout with three full indoor bathrooms and an additional outdoor full bath

Exterior Features:

• Large screened porch and open deck with a peek of Alligator Harbor - enjoy outdoor entertaining

• Beautifully landscaped yard with native plants, lush lawn, irrigation, lighting, and dedicated irrigation well

• Three-car covered parking for vehicles and boat storage

• Functional workshop/storage area with power and built in shelves

Prime Location:

• Just a short walk to community beach access

• Less than ½ mile to public boat launch

• Located in a golf cart-friendly community - cruise down to the Marina and the Tiki Bar with ease!

Discover this charming residence located at 1448 Cypress St in Panacea, FL. This delightful home features spacious living areas and a well-appointed kitchen for culinary enthusiasts. Enjoy the comfort of the cozy bedrooms and the tranquility of the backyard for relaxation. With its inviting atmosphere and convenient location, this property offers a wonderful living experience. Don't miss the opportunity to make this house your new home. We are open to working with buyer's agents.
Unit Size
1,412 Ft²
Days on Market
113 days
Land Size
0.19 acres
Price per sqft
$443
Property Type
House
Property Taxes
$325
HOA Dues
-
Year Built
2005

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Cap Rate Calculator

Last updated: 12 months ago (Stellar MLS #O6326573)

Price History

Date / Event Date Event Price
Nov 2, 2025 Sold
Sold
Sep 16, 2025 In contract -
In contract
Jul 12, 2025 Listed by BEYCOME OF FLORIDA LLC $625,000
Listed by BEYCOME OF FLORIDA LLC
Jan 31, 2024 Sold
Sold
Jan 20, 2024 No longer available -
No longer available
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Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 17
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,320
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 730
  • Total Building Area: 1,412
  • Gross Building Area: 1,622
  • Building Area: 1,412
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,412
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRE INC SUBDIVISION
  • Land Acres: 0000000191
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 000100
  • Legal Description 1: LOT 26 BRE INC OR 165/217 327/5 CASE NO. 96-0089 741/562 741/564 1308/265

Neighborhood

  • School District Name: Franklin County School District
  • Census Tract: 970102

Geography

  • Parcel: 01-07S-02W-1025-0000-0260
  • Lot: 26
  • Meridian: SEC 01 TWN 07S RNG 02W
  • Municipality: ALLIGATOR POINT
  • Latitude: 29.8984
  • Longitude: -84.3887

    Address

  • Full Address: 1448 Cypress St
  • Address - House Number: 1448
  • Address - Street Name: Cypress
  • Address - Suffix Type: St
  • State: FL
  • City Name: Panacea
  • Carrier Code: R002
  • 4-Digit Zip Code: 5148
  • Zip Code: 32346

Valuation

    Tax

  • Total Area: 1,683
  • Tax Year: 2023
  • Tax Amount: $364,099
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.1126
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 88
  • Final Value: 460,559
  • High Value: 512,461
  • Low Value: 408,657

    Market Valuation

  • Market Total Value: $316,717
  • Market Land Value: $24,966
  • Market Improvement Value: $291,751

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $316,717
  • Assessed Land Value: $24,966
  • Assessed Improvements Value: $291,751

    Sales

  • Current Sale Contract Date: Jan 16, 2024
  • Current Sale Recording Date: Jan 31, 2024
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 490
  • Previous Sale Recording Date: Jul 16, 2021
  • Previous Sale Contract Date: Jul 16, 2021
  • Previous Sale Amount: $429,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Franklin


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Frequently Asked Questions

When was property at 1448 Cypress Street built and last sold?
The property at 1448 Cypress Street was built in 2005 and last sold on Jan 16, 2024 for $495,000.
How much is this home worth?
The estimated value of the home located at 1448 Cypress Street is $0.
What are some comparable homes to 1448 Cypress Street?
There are currently no comparable homes to 1448 Cypress Street.