Skip main navigation
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
    Loading...

    Owner options

    List your home for rent

    $1,543/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $1,543/mo

    Rent Zestimate®

    Refinance and save

    $3,725/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $3,725/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    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#: 795800MLS Logo

    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

    DateEventPrice
    11/19/2025Sold$575,000-17.7%$458/sqft
    Source: Dixie-Gilchrist Levy Counties BOR #795800
    10/3/2025Listed for sale$699,000$557/sqft
    Source: Dixie-Gilchrist Levy Counties BOR #795800

    Public tax history

    YearProperty taxesTax 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
    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.

    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.