NOT LISTED FOR SALE

1141 Palmetto Dr Cedar Key, FL 32625

2 Beds
1.5 Baths
1,188 Sq Ft
8,276 Sq Ft Lot

Last Sold June 08, 2023

Last sale price $475,000 $400 Per Sq Ft

322 Days on Market

Highlights

  • 200 Feet of Salt Water Canal Waterfront
  • Full Gulf or Ocean Views
  • No HOA
  • Water access To Gulf or Ocean
  • Wood Flooring
  • Balcony

About This Home

As of June 2023

LOCATION, 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, & serene with spectacular views, properties like this are few and far between. This is an opportunity to own a unicorn of a property that only 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 spacious two bedroom stilt home in the heart of Cedar Key, located just an hour west of Gainesville and situated in the center of Florida's Nature Coast. It offers nature lovers amazing 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 beautiful 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 very restful vacations. Whether you want to just relax, sit and read a book, kayak, fish or just 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 direction 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.

Last Agent to Sell the Property

Steven Koleno

BEYCOME OF FLORIDA LLC License #3469487 Listed on: 07/19/2022

Last Buyer's Agent

Stellar Non-Member Agent

STELLAR NON-MEMBER OFFICE

STELLAR NON-MEMBER OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,613

Year Built

  • Built in 1968

Lot Details

  • 8,276 Sq Ft Lot
  • 200 Feet of Salt Water Canal Waterfront
  • Property fronts a saltwater canal
  • North Facing Home
  • Fenced

Parking

  • Off-Street Parking

Property Views

  • Full Gulf or Ocean
  • Canal

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Pile Dwellings

Interior Spaces

  • 1,188 Sq Ft Home
  • Window Treatments
  • Living Room
  • Dining Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Water access To Gulf or Ocean
  • Access to Saltwater Canal
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Private Sewer
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • South Flower Way Bayshore Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,613

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Wood Frame
  • Fireplace: No
  • Living Area: 1188
  • Lot Size Acres: 0.19
  • New Construction: No
  • Year Built: 1968
  • Lot Size Sq Ft: 8276
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow City: Miami
  • Escrow State: FL
  • Escrow Street Name: NW 26th St
  • RATIO Current Price By Calculate: 399.83
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Wood
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Interior Amenities: Other, Window Treatments
  • Appliances Included: None
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 2
  • Levels: One
  • ResoLivingAreaSource: Owner
  • Living Area Meters: 110.37

Exterior Features

  • Direction Faces: North
  • Exterior Features: Balcony, Other
  • Roof: Metal
  • Pool Private: No
  • Waterfront: Yes
  • Road Surface Type: Other
  • Water Access: Canal - Saltwater,Gulf/Ocean
  • Water Frontage Feet Canal Salt: 200
  • Water View: Canal,Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 200
  • Flood Zone Panel: 12075C0443G

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Off Street

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Private, Sewer Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: RES
  • Parcel Number: 08911-000-00
  • Additional Parcels: No
  • Fencing: Fenced
  • Flood Zone Code: VE

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 3613
  • Tax Block: 13
  • Tax Book Number: 2-34
  • Tax Lot: 7

Multi Family

  • Waterfront Features: Canal - Saltwater

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2023 06/08/23 Sold $475,000 0.0% $400 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
03/08/2023 03/08/23 Off Market $475,000 -- --
07/19/2022 07/19/22 For Sale $590,000 -- $497 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,677 $237,557 $78,000 $159,557
2024 $5,677 $253,654 $78,000 $175,654
2023 $4,747 $190,953 $0 $0
2022 $4,257 $194,446 $78,000 $116,446
2021 $3,613 $157,813 $72,000 $85,813
2020 $3,460 $149,755 $0 $0
2019 $3,374 $144,949 $0 $0
2018 $3,464 $144,949 $0 $0
2017 $3,232 $138,444 $0 $0
2016 $3,165 $132,444 $0 $0
2015 $2,977 $126,474 $0 $0
2014 $2,979 $125,484 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O6044152

Stellar MLS

APN: 30-15-13-08911-000-00