$479,000
$46K PRICE DROP

549 1st St Cedar Key, FL 32625

Estimated payment $3,045/month

Total Views 125,199
2 Beds
2 Baths
1,240 Sq Ft
$386 Price per Sq Ft

Highlights

  • Water Views
  • Open Floorplan
  • Furnished
  • Two Primary Bedrooms
  • Cathedral Ceiling
  • 4-minute walk to Lil Shark Park

About This Home

Wow!! Looking for a terrific vacation rental investment? This two-unit home in downtown historic Cedar Key, Florida, is for you! With a bedroom, bath and kitchenette on each floor, you can rent this property as one unit for four people, or as two double units, separately. This home is elevated for flood safety--but wow--the elevation really extends the water view! Perched just steps from popular "Dock Street" and its restaurants, bars, fishing pier, and outdoor fun, this location is perfect! Just a few steps in the other direction, and you will be at the coffee shop, smoothie joint, library, Art Center or "Main Street" art and gift shops. City Park is just 1.5 blocks away, with its beach, picnic pavilions, sports court and playground. Rent a kayak there and explore the natural surroundings the island is known for. Oh my--location, location, location! Tastefully decorated, this unit recently enjoyed a refreshing update. Continue with the current independent local vacation rental management company, and you will be set to begin cashing in on closing day. Visit as often as you like, and make rental income when you are away--the very best scenario!

Listing Agent

Vanessa Edmunds

Cedar Key Realty, Inc. Brokerage Phone: 3525439899 License #BK3263028 Listed on: 03/21/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,659

Year Built

  • Built in 2000

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25' x 100'
  • Pipe Fencing
  • Landscaped
  • Rectangular Lot
  • Level Lot

Home Design

  • Raised Foundation
  • Frame Construction
  • Metal Roof
  • HardiePlank Type

Interior Spaces

  • 1,240 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Bar Fridge
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • French Doors
  • Water Views
  • Laundry closet

Kitchen

  • Electric Cooktop
  • Microwave
  • Laminate Countertops

Flooring

  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Double Master Bedroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Parking

  • Tuck Under Parking
  • Brick Driveway
  • Open Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Additional Features

  • Separate Entry Quarters
  • In Flood Plain

Community Details

  • Cedar Key Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0851400000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,659

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.06
  • Lot Size: 25' x 100'
  • Road Frontage Type: City Street, Maintained
  • Road Surface Type: Paved
  • Subdivision Name: Cedar Key
  • Directions: From SR24 in Cedar Key, cross 2nd Street (Main Street) and go one block to 1st Street. Turn left, and it will be the seventh home on the left. Look for the CEDAR KEY REALTY, INC. sign!
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 2+ Story
  • New Construction: No
  • Year Built: 2000
  • Attribution Contact: 3525439899
  • NAV10_StudioYN: No
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Bar Fridge, Electric Cooktop, Microwave, Microwave Hood, Refrigerator, Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: French Doors, Other Windows/Doors
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Ceramic/Porcelain, Luxury Vinyl Planking, Tile
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Laminate Counters, Open Floorplan
  • Living Area: 1240
  • Window Features: Double Pane Windows, Other Windows/Doors, Blinds
  • Master Bedroom Features: 2 Master Suites
  • Master Bathroom Features: Combo Tub & Shower

Exterior Features

  • Fencing: Pipe
  • Lot Features: Rectangular Lot, Subject to Easement, Typical, Partially Landscaped, Flood Plain
  • Topography: Level
  • View: Water
  • View: Yes
  • Waterfront: No
  • Construction Type: Frame, HardiPlank Type
  • Exterior Features: Lighting
  • Foundation Details: Coastal, Raised
  • Other Structures: Separate Entrance Apt
  • Patio And Porch Features: Porch
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Driveway, Under House, Brick

Utilities

  • Laundry Features: Laundry Closet
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Electric: Electric - Central FL Coop, Electricity Connected
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Internet
  • Water Source: Metered, Public

Schools

  • Junior High Dist: Levy

Lot Info

  • Lot Size Sq Ft: 2613.6
  • Parcel #: 0851400000

Tax Info

  • Tax Annual Amount: 6658.78
  • Tax Year: 2023

Map

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Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,918 $350,525 $50,000 $300,525
2024 $6,918 $368,710 $50,000 $318,710
2023 $6,659 $269,094 $0 $0
2022 $5,783 $274,900 $50,000 $224,900
2021 $4,983 $222,836 $50,000 $172,836
2020 $4,576 $202,175 $0 $0
2019 $4,716 $206,919 $0 $0
2018 $4,763 $206,919 $0 $0
2017 $4,364 $201,684 $0 $0
2016 $3,948 $166,772 $0 $0
2015 $3,809 $163,622 $0 $0
2014 -- $152,634 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/19/2025 03/19/25 Price Changed $479,000 -4.0% $386 / Sq Ft
09/09/2024 09/09/24 Price Changed $499,000 -5.0% $402 / Sq Ft
03/21/2024 03/21/24 For Sale $525,000 +200.0% $423 / Sq Ft
03/26/2014 03/26/14 Sold $175,000 -10.3% $141 / Sq Ft View Prior Sale
02/24/2014 02/24/14 Pending -- -- --
01/23/2013 01/23/13 For Sale $195,000 -- $157 / Sq Ft
Source: Dixie Gilchrist Levy Counties Board of REALTORS®

About the Listing Agent

Vanessa Edmunds

Cedar Key Realty, Inc.

(352) 520-3126

Section Image

Hi, I'm Vanessa Edmunds, Florida Licensed Real Estate Broker with Cedar Key Realty, Inc., in my beautiful hometown of Cedar Key, Florida, and I’d love to help you, also, find your perfect island home here! If you are currently in the process of choosing a Cedar Key real estate agent, here are a few items that may be of interest regarding my background.


My great-great-grandparents came to Cedar Key when they were young, and loved it enough to stay for the duration. I am a

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Source: Dixie Gilchrist Levy Counties Board of REALTORS®

MLS Number: 790344