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Cedar Key, FL Multifamily Homes & Duplexes for Sale

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  • /53

    $849,000

    • 4 Beds
    • 2 Baths
    • 1,470 Sq Ft

    11918 State Road 24, Cedar Key, FL 32625

    Discover an incredible investment opportunity in the heart of Cedar Key with this rare waterfront multi-family home situated on 0.51 acres. Each side of this elevated duplex features 2 bedrooms and 1 bathroom, offering comfort, privacy, and strong rental appeal. The property boasts 1,470 sq. ft. of cooled living space and 3,552 sq. ft. total, providing plenty of room for guests, family, or

    Krystal Wynans Hatcher Realty Services, Inc. Trenton

    11918 State Road 24, Cedar Key, FL 32625
  • /43

    $550,000

    • 6 Beds
    • 4 Baths
    • 2,036 Sq Ft

    4051 D St, Cedar Key, FL 32625

    Virtually Staged. Opportunity is knocking in the heart of Cedar Key! Bursting with character, flexibility, and income-producing potential, 4051 D Street is a truly unique mixed-use property where business and coastal living come together. Currently operating as a property management office with rental units, the property has also previously served as a charming coffee shop and veterinary

    Gena Bullard CMTG REAL ESTATE GROUP

    4051 D St, Cedar Key, FL 32625

Why Live in Cedar Key

Cedar Key, Florida, located on the Gulf Coast, offers a tranquil lifestyle distinct from the state's bustling theme parks and crowded beaches. This small island community is characterized by its walkable downtown filled with seafood restaurants and shops, and residents often engage in kayaking, fishing, and exploring nearby nature preserves. Housing options include elevated coastal cottages with water views and private docks, ranch-style homes, and a modest number of condos. Cedar Key's natural beauty is preserved in areas like the Cedar Key Scrub State Reserve, which features over 12 miles of multi-use trails, and the Cedar Keys National Wildlife Refuge, accessible primarily by boat. The island's public beach and boat launch provide additional recreational opportunities. Dining in Cedar Key emphasizes fresh seafood, with local favorites such as Steamers, Annie's Cafe, and Tipsy Cow Bar & Grill. Despite Hurricane Helene damaging the only supermarket in 2024, residents can shop at a nearby Dollar General or drive to Chiefland for groceries. Cedar Key School, the smallest public school in Florida, offers individualized attention and specialized career pathways. Community events like the Old Florida Celebration of the Arts and Cedar Key Seafood Festival highlight local traditions. State Road 24 connects Cedar Key to the mainland, with Chiefland 30 miles away and Gainesville 56 miles away.

Home Price Trends

Median Sale Price
$325,000
Median Single Family Sale Price
$425,000
Median Townhouse Sale Price
$225,000
Median 2 Bedroom Sale Price
$337,000
Median 1 Bedroom Sale Price
$178,000
Average Price Per Sq Ft
$328
Number of Homes for Sale
2
Last 12 months Home Sales
51
Months of Supply
12.70
Median List Price
$384,000
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
3%
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