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$483,000

Beds
2
Baths
1.0
sq ft
756

1173 Palmetto Dr, Cedar Key, FL 32625

1173 Palmetto Dr

CEDAR KEY, FL 32625

  • 552 days on market
    • Price drop $13,000↓
Property for sale at 1173 Palmetto Drive, Cedar Key, FL, USA. LOCATION, LOCATION, LOCATION! This is a unique property that has few equals in the entire state. Enjoy an unobstructed view of the Gulf of Mexico from your front deck. Own real estate that is directly on the Gulf of Mexico in your front yard and also own property on a navigable canal in the backyard. Dock your boat behind the house on the canal that offers a quick ride to the open Gulf. Launch your boat in the boat ramp that you own- Rare in Cedar Key. This property is a Gem and on a desirable street in Cedar Key. Sit on the large deck 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 patrolling the waters for mullet. This is a mobile home that had a major upgrade in 2013. On the Inside 4 inch framed walls and new windows were added. Outside T111 siding added. The original mobile home is sandwiched in between. 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 (Goose Cove Cottage) has been a supremely highly rated vacation property on VRBO. It averages about $3,000 a month in gross rents. It has 136 reviews averaging 4.7 rating. If you chose to continue using it as a vacation rental, you are also buying an active operating business, that has a following of guests that love to vacation here. Everything in it comes with it. .

Details

Property type

Mobile Home

Type

Double Wide

Lot size

0.25 acres

Price per sq ft

$639

Year built

1971

Annual property taxes

$3,560

Price History

05/18/2024
StellarMLS

StellarMLS #O6096748

Price change
$483,000
-2.62%
03/13/2024
StellarMLS

StellarMLS #O6096748

Price change
$496,000
-3.13%
02/19/2024
StellarMLS

StellarMLS #O6096748

Price change
$512,000
-1.54%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Anne F Almsteadt

Loan start date

October 2002

Original loan amount

$6,500

Est. remaining balance

Not provided

Interest rate

6%

Loan type

Seller take-back, 10 year

Seller

Russell Lowell and Florence Lowell

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/16/2024 at 3:25 PM

Listing updated: 09/10/2024 at 3:37 PM

Listed by: Steven Koleno, BEYCOME OF FLORIDA LLC Phone #: (804) 656-5007

MLS: StellarMLS #O6096748

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