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$590,000   Price Analysis
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1141 Palmetto Dr
Cedar Key, FL 32625
2 bed 2 bath 1,188 SqFt ($496/SqFt)
8,276SqFt lot. Built 1968
Listed 2022-07-19, Taxes $4,256
USDA Eligible
near Cedar Key, FL
 

LOCATION

* No Longer For Sale *
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LOCATION, LOCATION! This is a one-of-a-kind property that has few equals in the entire state. Enjoy an unobstructed view of the Gulf of Mexico from your front porch. Dock your boat behind the house on the canal that is a quick ride to the open Gulf. Sit on the large, shaded porch any time of day and watch the varied and vibrant wildlife frolic- Ospreys dive bombing for fish while eagles try to steal them. Pods of dolphins patrol the waters for mullet. Take a close look at the map and pictures to see the unique positioning of Palmetto Drive. Peaceful, quiet and serene with spectacular views, properties like this are few and far between. This is an opportunity to own a unicorn of a property that comes available on rare occasions. For the last several years, this property (The Treehouse) has been a supremely highly rated vacation property on VRBO. It is being sold with furnishings and can be the perfect turnkey rental property. Waterfront property in Florida is in high demand year round. Many of the renters have been coming back year after year. The TreeHouse is a open two bedroom stilt home in the heart of Cedar Key, located an hour west of Gainesville and situated in the center of Florida's Nature Coast. It offers nature lovers astounding bird watching with soaring eagles, ospreys and migrating birds galore.

For fishermen, it's a fishing paradise of Redfish, Trout, Drum and much more. Enjoy Robinson Crusoe vibes and an amazing unobstructed view of the Gulf of Mexico right from the large screened in front porch, built around two oak trees. A boat dock out back on the canal allows fisherman to keep their boats in the water. Catch fish and crabs for dinner right off your own dock. When the sun is setting, step out on the covered front deck to feel the breeze and enjoy the spectacular sunset view over the charming Gulf. You may see a school of dolphin cavorting in the cove right in front of you or even the swirl of a drum close enough to make you want to throw a line out. Cedar Key also offers outstanding local cuisine in its many casual dining restaurants. The natural beauty of Cedar key and its slow pace allow visitors to feel what old Florida must have been like years ago allowing for restful vacations. Whether you want to relax, sit and read a book, kayak, fish or to enjoy the diverse wildlife, the TreeHouse is the perfect location. Everything in this Old Florida style fishing and clamming village is within easy close and biking distance. From The TreeHouse, the walk to town and the city's beach is a leisurely 20 minutes along picturesque streets. Or in the other dirction is a 15 minute walk to the small airport beloved by daily exercise walkers and pilots alike. The City Park offers a nice beach with a pavilion, outdoor showers and all the facilities you need to enjoy a pleasant Gulf side afternoon. Stroll around town and watch the crabbers checking their traps, fishermen bringing in their catch and dolphins jumping from the water. Or take one of the many excursions offered by boat Captains off Dock Street to fish or sight-see the many islands that make up the Cedar Keys.


Presented by Steven Koleno at
beycome.com.


Property MLS #O6044152 from StellarMLS

Bedrooms: 2
Primary Bedroom Dimensions: 10 x 12
Primary Bedroom Level: First

Total Rooms: 4
Living Room Dimensions: 10 x 12
Living Room Level: First

Total Bathrooms: 2
Full Bathrooms: 1
1/2 Bathrooms: 1

Window Treatments
Flooring: Wood

Cooling Features: Central Air
Heating Features: Central

Dining Room Dimensions: 9 x 10
Dining Room Level: First
Kitchen Dimensions: 10 x 12
Kitchen Level: First

Balcony
Fencing: Fenced

Water Features: Canal - Saltwater, Gulf/Ocean
Canal - Saltwater
Waterfront Feet: 200

Lot Size Acres: 0.1899908
Lot Size Square Feet: 8276

Parking Features: Off Street

Association: No
Calculated Total Monthly Association Fees: 0
Pets Allowed: Yes

Annual Tax Amount: 3613
Source Listing Status: Closed
County: Levy
Directions: As you come into Cedar Key on Hwy 24 turn right at the convenience store with gas pumps. Go to the dead end and take a left, then as soon as you cross a small bridge turn left and go to 7th house.
Tax Year: 2021
Ownership: Fee Simple
Source Property Type: Residential
Area: 32625 - Cedar Key
Source Neighborhood: SOUTH FLOWER WAY BAYSHORE
Parcel Number: 08911-000-00
Subdivision: SOUTH FLOWER WAY BAYSHORE
Township: 15
Zoning: RES
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$173,594
$4,256
2021$85,813 + $72,000
$157,813
$3,612
2020$77,755 + $72,000
$149,755
$3,459
2019$72,949 + $72,000
$144,949
$3,373
2018$72,949 + $72,000
$144,949
$3,464
2017$66,444 + $72,000
$138,444
$3,232
2016$66,444 + $66,000
$132,444
$3,165
2015$60,474 + $66,000
$126,474
$2,976
2014$unknown + $unknown
$125,484
$2,979
2013$unknown + $unknown
$125,484
$2,994
2012$unknown + $unknown
$126,398
$2,843
2011$unknown + $unknown
$149,773
$3,180
2010$unknown + $unknown
$163,942
$3,369
2009$unknown + $unknown
$210,454
$4,186
2008$unknown + $unknown
$287,475
$5,684
2007$unknown + $unknown
$288,786
$5,642

Sold 2023-06-08
$475,000
StellarMLS
Relisted 2023-06-07
$590,000
StellarMLS
Listing removed 2023-03-08
$590,000
StellarMLS
Listed 2022-07-19
$590,000
StellarMLS
Sold 2005-03-31
$390,000
Public Record
Sold 1997-11-20
$133,000
Public Record

Total Square Feet Living: 1188
Year Built: 1968
Construction Materials: Wood Frame
Direction Faces: North
Foundation Details: Stilt/On Piling
Levels: One
Property Age: 55
Roof: Metal

Sewer: Private Sewer
Cable Available
Electricity Connected
Phone Available
Private
Sewer Connected
Water Source: Public

Cedar Key High School is a public elementary, middle and high school located approximately 0.1 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.