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$225,000   Price Analysis
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4546 Palms Way
Panacea, FL 32346
Unknown bed 0 bath unknown SqFt ($0/SqFt)
0.77 acre lot.
Listed 2023-07-18, HOA $300, Taxes $590
Ⓧ USDA Ineligible
due to property

near Panacea

The perfect place to build your dream home or dream vacation home!

The Palms at St. Teresa offer deep lots overlooking the Gulf and Alligator Harbor. No need for pilings, these lots are high and dry and offer attractive waterfront views even on the ground. The gated community previously (before Hurricane Michael) included a shared pier/boardwalk that led out over 500 feet into Alligator Harbor.

The plan is to rebuild/repair the boardwalk to the waterfront and clearing f the beach area and kayak/sailboat stand. Also under consideration are dock extension and golf putting/chipping greens and a fireplace/bbq area. These are a must-see to understand their beauty!


Presented by Lauren Womble at
Hill Spooner & Elliott, Inc.
Listing Agent Photo

Property MLS #361315 from Tallahassee

Frontage Type: Bay, Gulf
Road Frontage Type: Way
Roads: Private

Lot Description: Acres-Less than 1
Lot Size Acres: 0.77
Lot Size Dimensions: 90x346x91x307
Topography: Dry, Well Drained
Lot Size Square Feet: 33541

View: Bay, Gulf

Association: Yes
Association Fee: 3600
Association Fee Frequency: Annually
Calculated Total Monthly Association Fees: 300

Annual Tax Amount: 560
Source Listing Status: Active
County: Franklin
Current Use: Inside Urban Serv Area
Directions: Take 98 past Alligator Point \\ Look for sign and gate \\ Just before Bay North
Restrictions: Mobile Homes - No, No Further Subdividing
Source Property Type: Lots and Land
Area: Franklin
Source Neighborhood: PALMS AT ST TERESA LOT 2
Parcel Number: 28-06S-02W-0000-0010-0022
Subdivision: PALMS AT ST TERESA LOT 2
Property Subtype: Recreational/Coastal, Residential
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$0 + $55,000
$55,000
$590
2020$0 + $55,000
$55,000
$628
2019$0 + $0
$53,240
$634
2018$0 + $0
$48,400
$642
2017$0 + $45,000
$45,000
$553
2016$unknown + $40,000
$40,000
$494
2015$0 + $40,000
$40,000
$496
2014$unknown + $unknown
$50,000
$624
2013$unknown + $unknown
$50,000
$619
2012$unknown + $unknown
$50,000
$570
2011$unknown + $unknown
$50,000
$503
2010$unknown + $unknown
$50,000
$495
2009$unknown + $unknown
$115,000
$922
2008$unknown + $unknown
$115,000
$819

Listing removed 2024-01-31
$0
RAofFranklinandGulf
Listed 2023-07-18
$225,000
Tallahassee
Listed 2023-07-17
$225,000
RAofFranklinandGulf
Listing removed 2023-03-01
$0
RAofFranklinandGulf
Listing removed 2023-03-01
$0
Tallahassee
Listed 2022-09-07
$225,000
RAofFranklinandGulf
Listed 2022-09-07
$225,000
Tallahassee

Access: Paved

Sewer: Septic Tank Required
Electricity
Septic Tank
Water Source: City

Improvements: Surveyed

Franklin County Schools Pk-12 is a public elementary, middle and high school located approximately 25.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.