433 2nd St Cedar Key, FL 32625
Estimated payment $871/month
Total Views
7,853
0.09
Acres
$1,544,444
Price per Acre
3,920
Sq Ft Lot
Highlights
- Zero Lot Line
- Rectangular Lot
- 3-minute walk to Lil Shark Park
About This Lot
On Cedar Key's 2nd Street—where commerce, culture, and coastal life converge—stands a rare and consequential opportunity: a historic building dating to circa 1882, originally home to one of the town's earliest apothecaries. Time has rendered the structure in significant disrepair, and demolition may ultimately be required; however, what remains is something far more valuable than brick and mortar alone—a premier, zero–lot-line site in the very heart of historic downtown Cedar Key. The property's zero-lot-line configuration allows for maximum buildable frontage, offering exceptional flexibility for redevelopment in an area where footprint and frontage are paramount. Positioned directly on Main Street, the site enjoys constant pedestrian and vehicle visibility, making it ideally suited for high-impact commercial uses. Development potential includes destination restaurants, distinctive retail, professional offices, or motel-style accommodations designed to serve the area's steady flow of visitors. Panoramic water views are available with enough elevation of a new structure, including sunset as well as overlooking all of Dock Street to the south. Cedar Key is a well-established tourist destination, celebrated for its Old Florida character, waterfront charm, fishing heritage, and thriving arts and dining scene. The local community is notably supportive of thoughtful, well-executed development that enhances the town's vitality while respecting its historic fabric—creating a favorable environment for investors and developers with vision. Adding to the appeal, additional adjoining properties are available, presenting a rare chance to assemble a larger footprint for a cohesive project. These parcels open the door to dedicated parking, service access, or expanded commercial offerings—assets that are increasingly difficult to secure in historic downtown settings. Up to 3 consecutive lots fronting 2nd Street are available plus two more lots that currently features the famous (or infamous) L&M building. This is not merely a building; it is a blank canvas on one of Cedar Key's most prominent streets, surrounded by tourism-driven demand and local enthusiasm for progress. For development-minded buyers, this offering represents a singular opportunity to shape the next chapter of Main Street while capitalizing on one of Florida's most distinctive coastal markets. Buyers will pay all closing costs including documentary stamps on deed, title insurance, title search and closing fees, and recording of deed. Please ask for an estimate.
Listing Agent
Pelican Realty Brokerage Email: 3525435581, carynd@gmail.com License #3232198 Listed on: 12/27/2025
Co-Listing Agent
Pelican Realty Brokerage Email: 3525435581, carynd@gmail.com License #3464870
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,553
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 75 x 75 x 100 x 100
- Rectangular Lot
- Sloped Lot
- Zero Lot Line
- Additional Parcels
Location
- In Flood Plain
Community Details
- Cedar Key Subdivision
Listing and Financial Details
- Assessor Parcel Number 0857900000
Map
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/02/2026 02/02/26 | Price Changed | $139,000 | -12.6% | -- |
| 01/21/2026 01/21/26 | Price Changed | $159,000 | -20.1% | -- |
| 12/27/2025 12/27/25 | For Sale | $199,000 | -- | -- |
Source: Dixie Gilchrist Levy Counties Board of REALTORS®
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $600,000 | -- |
Source: Public Records
About the Listing Agent
Caryn Stephenson is an active Real Estate Agent in Cedar Key, FL with the brokerage Sandspit Co Inc Dba Pelican Realty. I am a 25 year resident of Cedar Key, raising my family here and loving island life! I am invested in our town with a historic preservation project on 2nd Street, which is our Main Street. I love Cedar Key and want to share it with you!
Caryn's Other Listings
Source: Dixie Gilchrist Levy Counties Board of REALTORS®
MLS Number: 796264
APN: 08579-000-00
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