Sale closed
$575,000
12218 Franko Cir, Cedar Key, FL 32625
2beds
1,256sqft
Single Family Residence
Built in 1993
0.5 Acres Lot
$574,900 Zestimate®
$458/sqft
$1,543 Estimated rent
Home value
$574,900
$540,000 - $615,000
$1,543/mo
Zestimate® history
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What's special
This one-of-a-kind retreat in the heart of Florida's Nature Coast is waiting for you! This striking octagon home combines character, comfort, and an unbeatable waterfront setting with panoramic water views. Step inside to find new flooring, new sliding glass doors, and a new roof—updates that bring peace of mind and move-in readiness. Designed with water lovers and anglers in mind, the property features a private dock with boat lift and floating dock, offering deep-water access to the open Gulf. Whether you're setting off for a day of fishing, kayaking through quiet backwaters, or watching dolphins play in the channel, this home places you at the center of it all. The main level includes a cozy master suite with shower, while a Murphy bed in the living area offers flexible space for guests. Upstairs, you'll be captivated by a 360-degree view from the bedroom, where the ensuite bath boasts a sunken tub with endless water vistas. Enjoy cooking at home with a large kitchen and plenty of cabinet space throughout. Dining Room offsets the kitchen then opens to a wonderful living area that has amazing views from every seat. Sunrises galore, and amazing sunsets in the evening light of the sky from every seat. Birdlife surround you and fishing in your backyard, wow! This is a home where every window frames a piece of paradise. Outdoors, the fully fenced yard keeps your pup safe, while broad water views make a perfect backdrop for relaxing evenings or entertaining friends. Bird enthusiasts will appreciate the endless variety of species that call Cedar Key home, from ospreys and pelicans to roseate spoonbills. All furnishings and a Carolina Skiff with motor and trailer are included to start your new life in Cedar Key! Located just minutes from downtown Cedar Key's shops, dining, and Old Florida charm, this home works beautifully as a vacation rental investment, weekend getaway, or year-round residence. With its rare design, modern updates, and unmatched location, it's more than just a house—it's a lifestyle. Come experience the magic of Cedar Key waterfront living—this unique octagon gem won't last long!
Zillow last checked: 8 hours ago
Listing updated: November 19, 2025 at 05:43pm
Listed by:
Melinda Allen 352-222-8585,
Pelican Realty 352-543-5581,
Caryn Stephenson 352-228-0420,
Pelican Realty
Bought with:
Melinda Allen, 3464870
Pelican Realty
Source: Dixie-Gilchrist Levy Counties BOR,MLS#: 795800
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: 2 Master Suites
Primary bathroom
- Features: Soaking Tub
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Dishwasher, Dryer, Garbage Disposal, Microwave, Electric Range, Range Hood, Refrigerator, Washer
- Laundry: Laundry Room
Features
- Breakfast Bar, Ceiling Fan(s), Fireplace, Walk-In Closet(s), Wood Cabinets, High Ceilings
- Flooring: Luxury Vinyl Planking
- Doors: Sliding Doors
- Windows: Double Hung Windows, Blinds
- Has fireplace: No
- Fireplace features: None
- Furnished: Yes
Interior area
- Total structure area: 1,256
- Total interior livable area: 1,256 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport, Dirt, Gravel
- Carport spaces: 2
- Has uncovered spaces: Yes
Features
- Patio & porch: Open Deck
- Pool features: None
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: None, Gulf Front
- Body of water: Gulf of Mexico
- Frontage length: Road Frontage: 40.35,Waterfront Footage: 152
Lot
- Size: 0.50 Acres
- Dimensions: 152 x 125.7 x 40.35 x 95.88 x 193.30
- Features: Irregular Lot, One Way - Dead End, Native Plants, Partially Landscaped
- Topography: Level
- Residential vegetation: Grassed
Details
- Parcel number: 0037700100
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- HardiPlank Type, Frame
- Foundation: Raised
- Roof: Metal
Condition
- Year built: 1993
Utilities & green energy
- Sewer: Community Sewer
- Water: Public
Green energy
- Energy efficient items: None
Community & neighborhood
Location
- Region: Cedar Key
- Subdivision: Cedar Key
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 11/19/2025 | Sold | $575,000-17.7%$458/sqft |
Source: | ||
| 10/3/2025 | Listed for sale | $699,000$557/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,887 -0.3% | $257,739 +3% |
| 2023 | $4,904 +4.8% | $250,232 +3% |
| 2022 | $4,681 +7.5% | $242,944 +4.4% |
Find assessor info on the county website
Neighborhood: 32625
Nearby schools
GreatSchools rating
- 7/10Cedar Key High SchoolGrades: PK-12Distance: 0.7 mi
- NALevy Virtual Instruction ProgramGrades: K-5Distance: 32.1 mi
- NALevy Virtual FranchiseGrades: 6-12Distance: 32.1 mi
Schools provided by the listing agent
- District: Levy
Source: Dixie-Gilchrist Levy Counties BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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